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Lagos Assembly Budgets N55.4bn for Lawmakers’ Quarters, Complex Beautification in 2026

KEY POINTS Lagos Assembly plans to spend N55.4bn in 2026 on lawmakers’ quarters and beautification projects. Only N16bn is allocated to community-based infrastructure interventions. Budget reviews show a pattern of heavy spending on lawmakers’ welfare, vehicles, generators, and renovations despite wider public infrastructure challenges. The...

February 7, 2026

News

Fresh Benue Attack Leaves 13 Dead as Gunmen Torch Market, Abduct Women

KEY POINTS Gunmen killed 13 people in an attack on Anwase Market in Kwande LGA, Benue State. The assault followed another attack two days earlier in Abande community. Community leaders warn of worsening insecurity as residents flee their homes amid repeated violence. Gunmen suspected to...

February 7, 2026

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Business

Chappal Energies Secures $430 Million Financing to Refinance

Chappal Energies closed $430 million in reserve-based loans, refinancing its Equinor Nigeria deal and strengthening long-term funding for African oil assets.

December 20, 2025

Business

FCMB Wins Shareholder Backing for $274 Million Capital Raise

FCMB shareholders approved a major capital raise, strengthening buffers as Nigeria’s banking regulator tightens requirements ahead of 2026.

December 20, 2025

Business

Nigerian-Linked Investor Battles Zambia Regulator Over Stake

A Nigerian-linked firm says a settled share purchase vanished after Zambia’s central bank refused recognition and liquidated the lender.

December 19, 2025

Business

NSIA Redefines Mandate With Systems-Building Push

Nigeria’s sovereign wealth fund is evolving beyond savings, using capital and governance to fix structural gaps across healthcare, energy, innovation and housing.

December 19, 2025

Business

Tinubu Heads to Parliament with 2026 Budget

KEY POINTS President Tinubu is set to present the 2026 budget at a joint...

December 19, 2025

Business

Petroleum Regulator Chief Quits After Dangote Calls for Probe

KEY POINTS Nigerian petroleum regulator resignation followed public scrutiny and investor pressure. Tinubu nominated...

December 18, 2025

Business

Nigeria’s Textile Imports Surge 47 Percent as Revival Push Falters

Nigeria’s textile imports jumped sharply in 2025, exposing deep weaknesses in local production despite repeated government pledges to revive the once-thriving industry.

December 18, 2025

Business

Transcorp Hotels Names Awele Elumelu as Board Chair From 2026

Transcorp Hotels appoints Awele Elumelu as chair, signaling a strategic shift toward wellness-driven hospitality and diversified revenue growth.

December 17, 2025

Business

BUA Foods Nears Completion of Nigeria’s Largest Sugar Complex

BUA Foods is close to completing Nigeria’s largest integrated sugar complex in Kwara State, a project expected to boost local production, generate power and reduce sugar imports.

December 17, 2025

Business

BUA Awards $20.7 Million to 1,706 Employees for Long Service

BUA Group rewarded 1,706 long-serving employees with N30 billion in cash, underscoring Abdul Samad Rabiu’s people-first approach to corporate growth.

December 16, 2025

Business

Dangote Accuses Fuel Regulators of Undermining Refining Push

Aliko Dangote accuses Nigeria’s fuel regulators of undermining local refining, escalating a dispute over imports, transparency and energy policy direction.

December 16, 2025

Business

Top Four Nigerian Financial Firms Led By Under-40 Founders

Nigeria’s financial sector is being reshaped by under-40 founders building fintech companies that expand inclusion, support SMEs and attract global investor attention.

December 15, 2025