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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...

April 23, 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 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...

April 23, 2026

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Business

CBN’s Bold $500M Move to Stabilize Forex Market

In an unprecedented move, Nigeria's Central Bank releases $500 million to revitalize the Forex market, targeting a robust economic upturn.

January 30, 2024

Business

Children Worldwide Invited to Design the Future of Mobility

Join the journey to the future with Toyota's Dream Car Art Contest, where children globally are invited to draw their visions of tomorrow's transportation

January 27, 2024

Business

Katsina State Invests N1 Billion in Small Businesses with SMEDAN’s Support

Small businesses in Katsina State are set to benefit from a N1 billion matching...

January 26, 2024

Business

Afe Babalola Sheds Light on $30M Fee for Recovering $300M Government Funds

Afe Babalola, a respected Nigerian lawyer, shares how he earned $30 million in a major government recovery case.

January 26, 2024

Business

Nigeria’s Tax Agency Unveils New Strategy to Boost Revenue Collection

Nigeria’s Federal Inland Revenue Service (FIRS) has announced a new organizational structure and a...

January 25, 2024

Business

US Businesses Eye Nigeria’s Tech Sector, Despite Challenges

Nigeria’s tech sector has attracted the interest of American entrepreneurs and companies, who see...

January 24, 2024

Business

Femi Otedola Reclaims Spot on Forbes List, Dangote Remains Africa’s Wealthiest

Nigerian tycoon Femi Otedola stages a remarkable return to the Forbes Africa list, while Aliko Dangote continues his reign as the continent's richest man.

January 24, 2024

Business

Enugu’s Progressive Partnership with IOM for Migrant Resettlement

In a groundbreaking move, Enugu State partners with the IOM to ensure safe return and reintegration of migrants, marking a significant stride in migrant welfare and community rebuilding

January 23, 2024

News

Organized Labour to Base New Wage Demands on Cost of Living Data

Organised labour in Nigeria is set to base new minimum wage demands on comprehensive cost of living and socioeconomic data.

January 19, 2024

Business

Abia State Gears Up for Transformation with Elite Economic Council

Governor Alex Otti of Abia State inaugurates a high-profile Economic Advisory Council, marking a bold step towards economic revitalization and global competitiveness.

January 19, 2024

Business

FG to Save N8 Trillion Annually from Subsidy Removal and FX Reform, Says Tinubu Panel

Nigeria aims to save N8 trillion annually through subsidy removal and forex rate changes, prioritising efficient spending for development.

January 18, 2024

Business

SERAP Calls for Reduction of National Assembly’s ‘Excessive’ N344.85b Budget

SERAP urges Senate President Akpabio and Speaker Abbas to cut the National Assembly's N344.85 billion budget, advocating for fiscal responsibility in line with Nigeria's economic realitie

January 16, 2024