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Delta Police Raid HK Torture House, Free Seven Boys and Arrest Two

Delta Police rescued seven boys from a torture apartment run as an HK training hub after one victim escaped to seek help.
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Receiver Moves Back Into Nestoil Tower as Ernest Azudialu-Obiejesi Battles $1 Billion Debt Claim

A receiver returns to Nestoil Tower after an appeal court ruling as Ernest Azudialu-Obiejesi faces a growing $1bn debt fight.
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Food Imports Surge 45% as Local Production Struggles to Keep Up

Nigeria’s food imports jumped 45% in H1 2025 as insecurity and weak agricultural output hurt local production capacity.
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Lekki Zone MD: Nigeria Remains Investor-Friendly

Lekki Free Zone MD Val Attah insists Nigeria remains viable investment destination, backed by reforms and strong investor confidence.
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Fuel Tax Won’t Begin Until Naira Strengthens or Oil Price Falls — Oyedele

Oyedele says Nigeria will delay 5% fuel surcharge until naira appreciates or oil prices drop to avoid price hikes.
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Otedola Celebrates Dangote’s $20 Billion Refinery

Femi Otedola praises Aliko Dangote’s $20 billion refinery expansion as a generational legacy reshaping Nigeria’s oil and energy landscape.
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Dangote To Double Refinery Output To 1.4 Million Barrels Daily

Dangote plans to double his Lagos refinery output to 1.4 million barrels daily to boost Africa’s energy supply.
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IMF Warns Nigeria on Rising Debt, Oil Risks Despite Reform Progress

IMF praises Nigeria’s economic reforms but warns that debt costs, fiscal pressures, and oil volatility could threaten recent recovery gains.
Business

Presco Profit Doubles on Strong Palm Oil Demand

Presco Plc reported over 100 percent profit growth in nine months, driven by strong palm oil demand, higher output, and improved efficiency.
News

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.
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Nigeria Losing Billions to Illicit Financial Flows, Says IMF

The IMF says illicit financial flows are worsening Nigeria’s revenue crisis as it pledges renewed support to track illegal fund movements.
News

IMF Lifts Nigeria’s 2025 Growth Outlook to 3.9%

IMF raises Nigeria economic growth forecast 2025 to 3.9 percent, driven by stronger fundamentals, investor confidence, and fiscal reforms.
Business

Peter Obi Slams “Inhumane” Demolitions, Urges Government

Peter Obi condemns inhumane demolitions across Nigeria, warning they worsen poverty and threaten the economic stability of millions.
News

Foreign Firms Corner Nigeria’s N4.8trn Non-Oil Export Boom

Local exporters lament losing out in Nigeria’s non-oil export boom as foreign investors dominate the sector amid weak funding and policy hurdles.
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News

Delta Police Raid HK Torture House, Free Seven Boys and Arrest Two

Delta Police rescued seven boys from a torture apartment run as an HK training hub after one victim escaped to seek help.
News

Receiver Moves Back Into Nestoil Tower as Ernest Azudialu-Obiejesi Battles $1 Billion Debt Claim

A receiver returns to Nestoil Tower after an appeal court ruling as Ernest Azudialu-Obiejesi faces a growing $1bn debt fight.
News

Bandit Attacks Spread Across Kogi, Kano, Sokoto and Kwara

Bandits raid communities in four states, abduct worshippers, a bride and a monarch as two Defence Ministry officials remain missing.
News

From Importers to Producers: Economies Push Local

Countries rethink heavy import dependence as they invest in homegrown supply chains to build resilience, stabilize costs, and expand local production.

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