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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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Supreme Court Extends Validity of Old and New Naira Notes

Nigeria's Supreme Court has ruled in favor of the indefinite legal tender status of both old and new naira notes, impacting the nation's economy.
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Tinubu’s First Budget: How Nigeria Plans to Boost Economy and Tackle Poverty

President Bola Tinubu will present his first budget proposal to the National Assembly today,...
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How Nigeria’s Economic Woes Force Manufacturers to Sell on Credit

Nigeria’s manufacturers are struggling to cope with the effects of the government’s economic reforms,...
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MTN Nigeria Plans to Raise N72.1 Billion in Commercial Paper Series 10

MTN Nigeria, the leading telecommunications company in the country, has announced its intention to...
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Nigeria’s Services Sector Boosts Economy Despite Fuel Price Hike

Nigeria, Africa’s largest economy, recorded a slight increase in its economic growth in the...
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Nigeria’s New Central Bank Chief Promises to Tame Inflation and Stabilise Naira

Nigeria’s newly appointed central bank governor, Olayemi Cardoso, has vowed to curb the soaring...
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Nigeria’s Economy Grows Marginally in Q3 2023

Nigeria's GDP sees a slight increase in Q3 2023, with the service industry playing a pivotal role
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Nigeria to Protect 11 Million Farmers from Disasters with Innovative Insurance Scheme

Nigeria is set to launch a groundbreaking insurance scheme that will cover 11 million...
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How Nigeria’s Oil Palm Sector Can Boost Economy and Environment

Nigeria’s oil palm sector has the potential to contribute to the country’s economic and...
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Senate Slams NAIC for Financial Irregularities

The Nigerian Agricultural Insurance Corporation (NAIC) has come under fire from the Senate Committee...
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Nigeria Partners with John Deere to Boost Local Tractor Production

Nigeria has signed a Memorandum of Understanding (MoU) with John Deere, a leading global...
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Nigeria’s Power Sector Gets a Boost with $2.2 Billion Solar Deal

Nigeria, Africa’s most populous nation and largest economy has been struggling with chronic power...
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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...