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Finance Ministry, contractors clash again over outstanding debt

Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.

Xenophobia: Nigeria weighs sanctions against South Africa

Nigeria says it is weighing sanctions against South Africa over renewed xenophobic attacks on Nigerians, warning that a review of bilateral privileges is not off the table.

Nigeria’s Raw Material Imports Hit N3.53trn in First Half of 2025

Nigeria’s raw material imports rose by 19.7% to N3.53 trillion in H1 2025, highlighting structural weaknesses and the failure of the country’s import substitution policy, according to industry experts.

LCCI Urges President Tinubu for Detailed Anti-Inflation Strategies

LCCI demands from President Tinubu detailed strategies for inflation, security, and economic growth in its review of the 2024 New Year Address.

LCCI Stresses Capital Expenditure and Diversification in Nigeria’s 2024 Budget

Lagos Chamber of Commerce and Industry advocates for improved capital expenditure and revenue diversification in Nigeria's 2024 fiscal plan.

Latest articles

Finance Ministry, contractors clash again over outstanding debt

Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.

Xenophobia: Nigeria weighs sanctions against South Africa

Nigeria says it is weighing sanctions against South Africa over renewed xenophobic attacks on Nigerians, warning that a review of bilateral privileges is not off the table.

Agriculture records 3.15 percent GDP growth to N11.87trillion in first quarter

Nigeria's agricultural sector grew 3.15 percent year-on-year to N11.87trn in the first quarter of 2026, with crop production leading the gains at N8.9trn, the NBS says.

Nigeria among world’s most expensive countries for airline operations, says IATA

IATA has named Nigeria one of the world's most expensive countries for airline operations, blaming high taxes and charges that keep local carriers from competing.