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Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.
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Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.
Business

Only six Nigerian banks pay N1.27 trillion dividends

Only six of Nigeria's biggest listed banks paid a combined N1.27 trillion in 2025 dividends, as the CBN barred five profitable lenders on prudential grounds.
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Nigerian troops rescue 363 victims, kill 69 terrorists in one week, DHQ says

Nigerian troops rescued 363 kidnapped victims, killed 69 terrorists and arrested 49 suspects during a week of land, air and sea operations, DHQ says.
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Two Nigerian women held in India over N380m cocaine seizure

Railway police in Delhi have detained two Nigerian women after seizing 2.28 kilograms of cocaine worth about N380 million, allegedly tied to interstate trafficking.
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ICPC recommends prosecution of alleged PFIPC boss Adeyemi

The ICPC has recommended prosecuting Adeniyi Adeyemi, alleged head of the disputed PFIPC, telling President Tinubu in an interim report that flagged forged appointment documents.
News

Customs intercepts pump-action rifle parts at Tin Can Port

Nigeria Customs intercepted concealed pump-action rifle parts and seized ₦373.8 million in cannabis-infused products at Tin Can Port, with a principal suspect on the run.
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Manufacturers’ confidence rebounds in Nigeria

Nigeria manufacturers' confidence rebounded in the second quarter of 2026, MAN says, though high borrowing costs, power shortages and taxation still weigh on factory operators.
News

Nigerian firms expect borrowing costs to ease within three months

Nigerian firms expect borrowing costs to fall within three months, the CBN survey shows, even as taxes, insecurity and high interest rates remain top concerns.
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NYSC gets civilian leadership and new uniform in sweeping reform

Nigeria has approved a sweeping NYSC reform, replacing military with civilian leadership and adding a new uniform, technology-driven operations and a stronger focus on skills.
Business

SMEDAN unveils N500m zero-interest fund for MSMEs

SMEDAN has unveiled a N500m zero-interest fund for MSMEs, disbursing it through cooperatives and associations to boost working capital and improve loan recovery nationwide.
Business

FG unveils 2026 push for industrial growth, trade and investment

The Federal Government plans to intensify industrial growth, trade expansion, investment and non-oil exports in 2026, focusing on turning policy into measurable economic outcomes.
News

AfCFTA lifts Nigeria’s intra-African trade by 21 percent to $9.02billion in 2025

Nigeria's intra-African trade rose 21 percent to $9.02bn in 2025, as the AfCFTA unlocked new export markets and lower trade barriers, an Afreximbank report says.
News

Nigeria sets date for next evacuation flight from South Africa

Nigeria's government will return another group of citizens from South Africa on Tuesday, ahead of anti-immigrant protests set to begin June 30.
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Nigeria spent N7.7 trillion on debt interest in six months, 124% of its revenue, World Bank says

Nigeria spent N7.7 trillion on interest in the first half of 2026, equal to 124.2% of its N6.2 trillion revenue, according to the World Bank.
News

Nigeria opens 2026 licensing round with 40 oil blocks as output hits 1.82 million barrels a day

Nigeria has launched its 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater, as crude and condensate output rises to 1.82 million barrels a day.
News

“Even a pregnant woman suffers”: Ogun’s Oke Sefu residents beg Gov. Abiodun to fix flooded, pothole-ridden road

Residents of Oke Sefu community in Ibafo, Ogun State, are appealing to the state government to repair a flooded, pothole-ridden access road that has disrupted livelihoods.
News

Dangote refinery cuts off petrol sales to fuel importers over “blending” of Euro-5 product with imported grades

Dangote Petroleum Refinery has stopped selling petrol to marketers who import fuel, accusing them of blending its Euro-5 product with lower-quality imported grades.