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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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How Nigeria Can Cash In on the Mobile Money Boom, According to Morgan Stanley 

Nigeria has the potential to become a leading player in the mobile money market,...
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Nigeria’s Inflation Hits New High, Food Prices Soar

Nigeria’s inflation rate has risen for the 10th consecutive month, reaching 27.33% in October,...
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Hi-Tech Triumphs in FCMB’s Groundbreaking Hackathon

Team Hi-Tech wins FCMB Hackathon with innovative Padi4Life financial solution
Business

Nigeria’s E-Commerce Surge Empowers Small Businesses During Black Friday

E-commerce revolutionizes Black Friday for small businesses in Nigeria
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Lagos Boosts Small Businesses with N8.4bn Loan in Four Years

Lagos State, the commercial hub of Nigeria, has injected N8.4 billion into the growth...
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How Panama Canal Crisis Could Trigger Cooking Gas Shortage in Nigeria

The Panama Canal, a vital waterway that connects the Atlantic and Pacific oceans, is...
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Nigeria’s inflation crisis: How to survive the soaring prices

Nigeria, Africa’s largest economy, is facing a severe inflation crisis that is eroding the...
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Boosting Non-Oil Trade: Sterling Bank and Afreximbank Ink $75 Million Deal

Sterling Bank Plc, one of Nigeria’s leading commercial banks, has signed a $75 million...
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Nigeria to Receive $618M from AfDB for Digital and Creative Sectors

Nigeria is set to receive a $618 million fund from the African Development Bank...
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Nigerian Advertising Industry Calls for Regulation Reform Amidst Crisis

The Nigerian advertising industry is facing a major challenge as the self-regulation system that...
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How Nigeria’s Cement Industry Became the World’s Most Expensive

Nigeria has been the country with the highest cement price in the world for...
Business

Nigerian Boxer KSI’s Prime Energy Drink Set to Break $1.2 Billion Sales Record

According to Yahoo Finance, Prime, the energy and hydration drink brand co-founded by Nigerian...
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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...