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Chaos Erupts in Lagos APC Primaries as Conflicting Consensus Lists Fuel Allegations of Imposition

KEY POINTS APC primaries in Lagos Mainland and Yaba collapsed amid conflicting “consensus” candidate lists and protests over alleged imposition by party elites. Litigation and factional disputes forced suspension of elections, with Lagos APC Chairman Cornelius Ojelabi denying any consensus had been reached. Protests and...
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Borno Governor Zulum Bans Petrol Sales in Bama LGA

KEY POINTS Governor Babagana Zulum has banned petrol sales in Bama LGA, including Bama town and Banki, to curb insurgent activities. The ban follows recent terrorist attacks in Borno State, including IED explosions resulting in casualties. The government is enhancing security measures, including deploying...

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Business

Nigeria’s Inflation to Hit 34.64% as Cost Pressures Mount

Nigeria's inflation is forecast to hit 34.64%, driven by food prices, cost pressures, and sticky core inflation, according to Financial Derivatives analysts
Business

Imported Petrol Landing Cost Drops to N900 Per Litre

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
Business

In Five Years, FAAN Remits Over N218bn to Federation Account

For 2020 to 2024, FAAN remits over N218bn to Nigeria's Federation Account and N352.2m in stamp duty payments.
Business

Naira Plummets to N1,780/$1 as Forex Volatility Grows

The naira plummets to N1,780/$1 in the black market, reversing gains as forex volatility raises concerns about Nigeria’s economic stability
Business

Nigeria’s Oil Dependence and Path to Economic Diversification

Nigeria’s oil dependence exposes its economy to price shocks, but diversification into agriculture, tech, and minerals aims to ensure economic stability
Business

Naira Strengthens as Traders Respond to Central Bank FX Policy

The naira gained strength in the parallel market, supported by Central Bank reforms, FX trading upgrades, and trader confidence
Business

Nigeria hits 158 CNG Conversion Centres, targets 1,000 by 2025

With plans to establish 1,000 conversion centres, local manufacturing hubs and mechanic training institutes, Nigeria’s move to compressed natural gas vehicles hits the mark.
Business

Naspers Reports $3.4 Billion in Revenue for H1 2025

Naspers sees 23% revenue growth in 2025, fueled by its e-commerce portfolio, U.S. operations, and AI-driven innovations
Business

Nigeria, France Ink Deal to Transform Solid Minerals Sector

Nigeria and France sign MoU to boost mining sustainability, diversify solid minerals, and promote environmental restoration.
Business

Kano Revenue Agency Seals Max Air Over Unpaid N190 Million Tax Debt

Kano Revenue Service seals Max Air’s headquarters over N190 million($0.11 million) tax debt, after failed negotiations for payment.
Business

To Quell Inflation, CBN Increases Interest Rate to 27.5 Percent

CBN hikes interest rate to 27.5% to rein in inflation fuelled by energy costs, fiscal deficits.
Business

Dangote Refinery Slams Naira-for-Crude Policy

Dangote Refinery raises concerns over the naira-for-crude initiative, citing inadequate crude supply from NNPC and broader challenges for refineries
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Politics

Chaos Erupts in Lagos APC Primaries as Conflicting Consensus Lists Fuel Allegations of Imposition

KEY POINTS APC primaries in Lagos Mainland and Yaba collapsed amid conflicting “consensus” candidate lists...
News

Borno Governor Zulum Bans Petrol Sales in Bama LGA

KEY POINTS Governor Babagana Zulum has banned petrol sales in Bama LGA, including Bama...
News

Satirical Post: Akpoti-Uduaghan Asks Court to Reject Akpabio’s Motion

Akpoti-Uduaghan asks court to dismiss Akpabio’s request over a satirical Facebook post about her suspension from the Senate.
Politics

Ikpeazu Built And Inaugurated Uninhabitable Government House

According to Abia’s Information Commissioner, ex-Governor Ikpeazu was in a hurry to open an uninhabitable Government House that lacks basic features.

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