The Nigerian Inquirer

HomeBusiness

Business

Politics

Chaos Erupts in Lagos APC Primaries as Conflicting Consensus Lists Fuel Allegations of Imposition

KEY POINTS APC primaries in Lagos Mainland and Yaba collapsed amid conflicting “consensus” candidate lists and protests over alleged imposition by party elites. Litigation and factional disputes forced suspension of elections, with Lagos APC Chairman Cornelius Ojelabi denying any consensus had been reached. Protests and...

May 10, 2025

News

Borno Governor Zulum Bans Petrol Sales in Bama LGA

KEY POINTS Governor Babagana Zulum has banned petrol sales in Bama LGA, including Bama town and Banki, to curb insurgent activities. The ban follows recent terrorist attacks in Borno State, including IED explosions resulting in casualties. The government is enhancing security measures, including deploying...

May 10, 2025

Keep exploring

Business

Nigeria’s Debt Crisis: A Growing Concern

Nigeria’s rising debt and looming cash shortage paint a troubling picture for its economic future. As global pressures increase, what can be done to avert a fiscal crisis?

October 21, 2024

Business

DSS Replaces Tinubu’s Chief Security Officer With Rasheed Lawal

DSS replaces Tinubu’s chief security officer, Adegboyega Fasasi, with Rasheed Lawal. Fasasi steps down for professional training, Lawal takes over the key role

October 21, 2024

Business

7 Must-Attend Fashion Shows in Nigeria

These top fashion shows in Nigeria are advancing the country’s fashion industry, giving designers a global platform to showcase their creativity and entrepreneurship

October 17, 2024

Business

World Bank Forecasts Nigeria’s Revenue-to-GDP Ratio to Surpass 10.5%

The World Bank projects Nigeria’s revenue-to-GDP ratio to exceed 10.5% in 2024, while the government tackles inflation with agriculture-focused initiatives

October 16, 2024

Business

WFP Seeks $228 Million to Avert Hunger Crisis in Northeast Nigeria

WFP calls for $228 million to support 1.6 million people in northeast Nigeria as hunger and conflict drive a severe humanitarian crisis

October 15, 2024

Business

Binance Executive Denied Bail in Nigeria: Implications for Crypto Regulation and the Legal Landscape

The denial of bail for Binance’s compliance chief in Nigeria, charged with money laundering, raises questions about cryptocurrency regulation and the country's legal system.

October 14, 2024

Business

Government, Dangote Refinery Set to Reform Petrol Distribution

The Nigerian government and Dangote Refinery are advancing plans to reform the country’s petrol distribution system and remove subsidies

October 9, 2024

Business

Nigeria’s Central Bank to Automate FX Trades from December

The Central Bank of Nigeria is set to automate foreign exchange trades by December 2024. This move could enhance transparency, stabilize the naira, and boost investor confidence in Nigeria’s economy.

October 8, 2024

Business

Dangote Refinery Set to Boost Nigerian Economy by $400B Over Six Years

Dangote refinery is projected to boost Nigeria’s economy, reduce fuel imports, and generate jobs, significantly impacting growth by 2030

October 7, 2024

Business

FBI Seeks EFCC Aid to Arrest Two Nigerians Over $13m U.S Healthcare Fraud

The FBI has requested the EFCC's assistance in apprehending two Nigerian fugitives accused of orchestrating a $13 million healthcare fraud scheme in the United States

October 5, 2024

Business

World Bank Approves $1.57 Billion to Boost Human Capital in Nigeria

The World Bank has approved $1.57 billion to boost human capital in Nigeria, focusing on improving healthcare for women, children, and adolescents, and enhancing climate resilience

October 1, 2024

Business

Inflation’s Grip on Nigeria’s Airline Industry: Navigating Turbulent Skies

Nigeria's airline industry is grappling with soaring inflation, fuel costs, and declining revenues. Find out the challenges and explore potential solutions for recovery.

September 30, 2024