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Adelabu Quits as Power Minister to Chase Oyo Governorship Ambition

KEY POINTS Adebayo Adelabu has resigned as Minister of Power, effective April 30, 2026. He cited his intention to contest the Oyo State governorship and comply with electoral laws. His exit marks a significant development ahead of upcoming elections in the state. Nigeria’s Minister of...
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FG, States, LGs Share ₦2.036 Trillion as Taiwo Oyedele Chairs First FAAC Meeting

KEY POINTS FG, states, and LGs received allocations from March 2026 revenue, with oil-producing states getting ₦120.759 billion derivation. The finance minister chaired his first FAAC meeting, marking another ₦2 trillion-plus distribution this year. Statutory revenue increased, but VAT and key oil-related revenues recorded...

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Nigeria Secures ¥15 Billion Japanese Grant for Agriculture Boost

The Nigerian government has secured a ¥15 billion grant from the Japanese International Cooperation Agency (JICA), earmarked for the National Agricultural scheme, aiming to enhance the agricultural sector's growth and sustainability.
Business

Business Leader Tinubu Ditches 72nd Birthday Bash for Charity

Renowned Nigerian politician and business mogul, Bola Tinubu, has made a remarkable gesture on...
Business

Massive Tractor Procurement Aims at Enhanced Food Production

Nigeria's government acquires 500 tractors, aiming to modernize agriculture and boost food production significantly.
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Tinubu’s Missteps: Fuel Import Licenses and Naira Float

Recent proposals by prominent Nigerian politician Bola Tinubu regarding fuel import licenses and floating...
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Oil Theft – NNPC Battles 9,000 Pipeline Infractions

The Nigerian National Petroleum Corporation reports a staggering 9,000 pipeline infractions in a year, spotlighting the dire battle against rampant oil theft.
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Tinubu’s Orders: A New Dawn in Nigeria’s Oil Sector

In a bold move to tackle corruption in Nigeria’s oil industry, President Bola Tinubu...
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Female Entrepreneurs Empower SMEs at UBA’s Women’s Day Event

Learn from leading female entrepreneurs at UBA’s event on building successful, resilient brands and investing in self-development for business growth.
Business

CBN Sells Over N1 Trillion OMO Bills, Attracts Foreign Investors

The Central Bank of Nigeria (CBN) has announced the successful completion of a sale...
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Nigeria Launches Five Power Projects, Boosts National Grid Capacity

Minister Adelabu inaugurates five power projects under PPI, partnering with Siemens and Germany, to significantly improve Nigeria's electricity supply.
Business

Urgent Call for Action as Lagos Faces Maritime Safety Crisis

NIWA reports 75% of Lagos boats unseaworthy, demanding immediate action for maritime safety and stricter boat maintenance standards.
Business

CBN Clears $400 Million FX Backlog in One Week

The Central Bank of Nigeria (CBN) has cleared an additional $400 million of foreign...
Business

Naira Gains Strength as Foreign Reserves Grow**

The Nigerian currency, the naira, has appreciated against the US dollar in the parallel...
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Adelabu Quits as Power Minister to Chase Oyo Governorship Ambition

KEY POINTS Adebayo Adelabu has resigned as Minister of Power, effective April 30, 2026. ...
News

FG, States, LGs Share ₦2.036 Trillion as Taiwo Oyedele Chairs First FAAC Meeting

KEY POINTS FG, states, and LGs received allocations from March 2026 revenue, with oil-producing...
News

Senate Orders Full Probe Into Boko Haram Attacks on Military Bases in Borno

KEY POINTS The Senate ordered a full military audit following deadly attacks on bases...
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Court Orders DSS to Detain Six Suspects Over Alleged Terrorism in Abuja

KEY POINTS Six defendants were arraigned in Abuja on a 13-count charge of alleged...