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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 Embraces GM Maize to Boost Food Security and Climate Resilience

Nigeria has taken a bold step towards enhancing its food security and climate resilience...
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Tragic End in Lagos: Banker’s Despair Leads to Heartbreaking Suicide

A Lagos banker, Amarachi Ugochukwu, ends her life due to economic struggles, leaving behind a heart-rending note."
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FG Seizes Control of 3 Major Banks Amid Regulatory Failures

Nigerian government seizes control of Union, Polaris, and Keystone Banks amidst regulatory and corporate governance crises.
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ANLCA Backs Customs Service to Hit N5 Trillion Revenue Goal in 2024

The Association of Nigerian Licensed Customs Agents (ANLCA) commits to aiding the Nigeria Customs Service in achieving an ambitious N5 trillion revenue target for 2024.
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Nigeria’s Economic Downturn: Capital Importation Plummets Amidst Positive Road Safety Trends

Q3 2023 reveals a significant drop in Nigeria's capital importation.
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Nigerian Stocks Defy Election Jitters, Set to Sustain Bullish Run in 2024

Nigeria’s stock market has surprised many analysts by posting a remarkable performance in 2023,...
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Nigeria’s Economy Suffers as Foreign Investment Hits 11-Year Low

Nigeria, Africa’s largest economy, has seen a sharp decline in foreign investment in the...
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Nigeria’s Livestock Sector Gets a Boost from Federal Ministry 

The Federal Ministry of Agriculture and Food Security (FMAFS) has reaffirmed its commitment to...
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CBN to Crack Down on Fintech Fraud With New Guidelines

The Central Bank of Nigeria (CBN) is planning to introduce corporate governance guidelines for...
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Nigerian and African Airlines Struggle as Global Aviation Sector Soars in 2024

The global aviation industry is expected to generate a record revenue of $964 billion...
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Nigeria’s Steel Revival: FG Secures N35bn Funding for Ajaokuta Mill

  Nigeria’s quest to revive its steel industry has received a major boost as the...
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Meta’s Subsea Cable Project Faces Delay in Nigeria

Meta, the company formerly known as Facebook, has missed its November target to land...
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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...