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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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Huawei, Fouani Unveil Solar Solution to Curb Carbon Emissions

In collaboration with Fouani Nigeria Limited, Huawei has introduced a new smart solar solution,...
Business

Commonwealth Encourages Nigerian Businesses to Explore Global Trade Opportunities

The Commonwealth Enterprise and Investment Council (CWEIC) is actively engaging Nigerian businesses to connect...
Business

Risevest Opens Doors to U.S. Property Investments for Nigerians

Risevest, a revolutionary investment platform, is empowering Nigerians to secure U.S. properties, fostering financial...
Business

Lekki Port: Nigeria’s First Deep Seaport Faces Economic Challenges 

Nigeria’s first deep seaport, Lekki Port, which started operations in April 2023, is struggling...
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Homegrown Tech Boosts Nigeria Oil to World Stage

In a bold response to persistent infrastructural deficits, Aiteo, Nigeria's largest independent oil producer,...
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Parallex Bank’s Managing Director Promises Enhanced Digital Services, Expansion

In a commitment to maintaining its status as Nigeria's premier customer-focused financial institution, Parallex...
Business

Non-Oil Export Boost Critical for Naira’s Stability, Asserts Aganga

Olusegun Aganga, Nigeria's former Finance Minister, has identified the enhancement of non-oil exports as...
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EU Pledges €150 Billion for Nigeria and Africa’s Infrastructure Development by 2027

The European Union (EU) has announced a new initiative to boost infrastructure development in...
Business

China Pledges to Fund and Finish Nigeria’s Major Rail Projects

Nigeria’s Vice President Kashim Shettima has secured China’s commitment to refinance and complete two...
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Lagos Gears Up for World Food Week: Water, Food, and Life in Focus

In a groundbreaking collaboration, OfadaBoy and the Lagos State Ministry of Agriculture underscore the...
Business

Nigeria to Become Africa’s Hub for Malaria Drug Production

Nigeria is set to become a leading producer of anti-malaria drugs in sub-Saharan Africa...
Business

How Nigerian Airlines Beat High Costs by Increasing Flight Seats

Nigerian airlines have adopted a new strategy to cope with the high operating costs...
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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...