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Lagos Govt Probes Collapse of School Building in Ogba as Injured Students Receive Treatment

KEY POINTS No deaths recorded after a four-storey building housing a private school collapsed in Ogba, Lagos, as occupants evacuated moments before the incident. Several students sustained injuries during the evacuation and were taken to hospital for treatment. Lagos authorities have launched an investigation,...
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Zamfara Governor Dauda Lawal Defects from PDP to APC Amid Party Crisis

KEY POINTS Zamfara Governor Dauda Lawal has defected from the PDP to the APC after consultations with political stakeholders in the state. He cited the prolonged leadership crisis and internal disagreements within the PDP as major reasons for his decision. His defection raises the...

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Business

Nigeria’s Inflation to Hit 34.64% as Cost Pressures Mount

Nigeria's inflation is forecast to hit 34.64%, driven by food prices, cost pressures, and sticky core inflation, according to Financial Derivatives analysts
Business

Imported Petrol Landing Cost Drops to N900 Per Litre

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
Business

In Five Years, FAAN Remits Over N218bn to Federation Account

For 2020 to 2024, FAAN remits over N218bn to Nigeria's Federation Account and N352.2m in stamp duty payments.
Business

Naira Plummets to N1,780/$1 as Forex Volatility Grows

The naira plummets to N1,780/$1 in the black market, reversing gains as forex volatility raises concerns about Nigeria’s economic stability
Business

Nigeria’s Oil Dependence and Path to Economic Diversification

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
Business

Naira Strengthens as Traders Respond to Central Bank FX Policy

The naira gained strength in the parallel market, supported by Central Bank reforms, FX trading upgrades, and trader confidence
Business

Nigeria hits 158 CNG Conversion Centres, targets 1,000 by 2025

With plans to establish 1,000 conversion centres, local manufacturing hubs and mechanic training institutes, Nigeria’s move to compressed natural gas vehicles hits the mark.
Business

Naspers Reports $3.4 Billion in Revenue for H1 2025

Naspers sees 23% revenue growth in 2025, fueled by its e-commerce portfolio, U.S. operations, and AI-driven innovations
Business

Nigeria, France Ink Deal to Transform Solid Minerals Sector

Nigeria and France sign MoU to boost mining sustainability, diversify solid minerals, and promote environmental restoration.
Business

Kano Revenue Agency Seals Max Air Over Unpaid N190 Million Tax Debt

Kano Revenue Service seals Max Air’s headquarters over N190 million($0.11 million) tax debt, after failed negotiations for payment.
Business

To Quell Inflation, CBN Increases Interest Rate to 27.5 Percent

CBN hikes interest rate to 27.5% to rein in inflation fuelled by energy costs, fiscal deficits.
Business

Dangote Refinery Slams Naira-for-Crude Policy

Dangote Refinery raises concerns over the naira-for-crude initiative, citing inadequate crude supply from NNPC and broader challenges for refineries
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News

Lagos Govt Probes Collapse of School Building in Ogba as Injured Students Receive Treatment

KEY POINTS No deaths recorded after a four-storey building housing a private school collapsed...
News

Zamfara Governor Dauda Lawal Defects from PDP to APC Amid Party Crisis

KEY POINTS Zamfara Governor Dauda Lawal has defected from the PDP to the APC...
Business

Dangote Refinery Raises Petrol Ex-Depot Price to N1,175

KEY POINTS Dangote Refinery increased its petrol ex-depot price to N1,175 per litre and...
News

Fintiri Imposes 24-Hour Curfew on Lamurde LGA Over Renewed Communal Violence

  KEY POINTS Adamawa Governor Ahmadu Fintiri imposed a 24-hour curfew on Lamurde LGA following...

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