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Oyo school kidnap survivor tells court of 56 days without clean water

A teacher abducted from an Oriire school in May told the Federal High Court how 46 captives, including toddlers, survived 56 days on dirty water and plain rice.
News

Civil servants warn Oyedele over 40% allowance he promised to fund

Federal workers have written to Finance Minister Taiwo Oyedele warning that the unpaid 40% peculiar allowance and promotion arrears are building restiveness in the public service.
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Capital importation jumps 182 percent to $3.52 Billion

Nigeria's capital importation jumped 182% to $3.52bn in January, driven almost entirely by foreign portfolio investment, while foreign direct investment collapsed by 80 percent.
News

FG unveils net-zero plan, targets 2060 neutrality

Nigeria's government has launched a net-zero plan targeting carbon neutrality by 2060, backed by fresh German funding and tied directly to the country's long-term economic growth.
News

IMF warns Nigerians of tougher times ahead as food, transport costs climb and debt rises

The IMF warned Nigerians face tougher near-term conditions from rising food and transport costs, even as the country's oil grades trade above $113 per barrel.
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IMF cuts Nigeria growth forecast to 4.1 percent

The International Monetary Fund cut Nigeria's 2026 growth forecast to 4.1 percent, down from 4.4 percent, citing higher commodity costs and shipping disruptions.
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Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
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Edun targets 7 percent annual Nigeria GDP growth

Finance Minister Olawale Edun says Nigeria is targeting 7 percent annual GDP growth and needs $14 billion yearly to bridge its infrastructure gap.
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Manufacturing foreign investment in Nigeria plunges 51 percent

Nigeria's manufacturing sector absorbed just $772.45 million in foreign investment in 2025, a 51 percent drop from 2023, even as total capital inflows surged.
Business

Nigeria capital importation jumps in 2025

Nigeria capital importation surged in 2025, rising sharply on the back of portfolio investments and increased inflows into the banking sector.
Business

Tinubu Reforms Deepen Stability, Federal Unity, Bagudu Says

Nigeria’s budget minister says Tinubu’s economic reforms are improving political coordination, stabilising markets and guiding development partnerships despite short-term hardships.
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Anambra Shuts Onitsha Main Market Over Sit-At-Home Defiance

Anambra State shut Onitsha Main Market for one week after traders defied the Monday sit-at-home order, escalating efforts to restore normal economic activity.
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Nigeria’s Economy Set To Soar: IMF Predicts 4.4% Growth In 2026

IMF forecasts Nigeria’s economy to grow 4.4% in 2026, highlighting reforms, energy prices, and fiscal stability.
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Nigeria Posts Strongest Economic Expansion at 57.6 Index

Nigeria recorded its strongest economic expansion at 57.6 index points, as activity, demand, and confidence strengthened across the private sector.
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Oyo school kidnap survivor tells court of 56 days without clean water

A teacher abducted from an Oriire school in May told the Federal High Court how 46 captives, including toddlers, survived 56 days on dirty water and plain rice.
News

Civil servants warn Oyedele over 40% allowance he promised to fund

Federal workers have written to Finance Minister Taiwo Oyedele warning that the unpaid 40% peculiar allowance and promotion arrears are building restiveness in the public service.
News

Kara Bridge repairs push Lagos-Ibadan gridlock 15km into Lagos

Repairs to Kara Bridge expansion joints have paralyzed the Lagos-Ibadan Expressway again, with some commuters reaching home after 2 a.m. and engineers questioning past work.
News

Ondo herbal drink deaths climb to 49 as crisis spreads to Irele

Deaths linked to a suspected poisonous herbal drink in Ondo State have climbed to 49, with the crisis now reaching Irele Local Government Area.