President Tinubu has launched a N52,500 minimum monthly pension guarantee for eligible Nigerian retirees, alongside a healthcare initiative aimed at reducing medical expenses among vulnerable pensioners. The initiatives were unveiled

Nigeria could devote more than 70 per cent of its Federal Government revenue to debt repayments by 2030, raising concerns about the resources available to fund public services and infrastructure.

Questions have emerged over the development of Oyo State’s Ado-Awaye Suspended Lake, seven years after Governor Seyi Makinde pledged to use public-private partnerships to transform the tourist attraction into a

Cement manufacturers rake in N5.8tn revenue as prices surge Nigeria’s three leading cement manufacturers have recorded a combined revenue of N5.8 trillion in the first nine months of 2026, as

Government offices across Osun State were shut on Monday as workers commenced a three-day strike directed by the state chapter of the Nigeria Labour Congress (NLC) in solidarity with local

The House of Representatives has resolved to invite the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, to explain alleged breaches of pension agreements and the non-payment of

Former President Olusegun Obasanjo has criticised President Bola Tinubu’s continued reliance on domestic and foreign loans, warning that excessive borrowing could mortgage the future of generations of Nigerians. Obasanjo described

Dangote Petroleum Refinery has reduced its petrol depot price to ₦1,290 per litre, emerging as the cheapest supplier among major depot operators reviewed in Lagos. The reduction, which represents an

Nigerian Exchange Group (NGX Group) has recorded a profit before tax of ₦20.6 billion in the first nine months of 2026, as rising investor participation and increased use of digital

The Bank of Industry (BOI) has signed a $30 million financing agreement with France’s development agency to expand access to funding for Nigerian businesses in music, film, fashion, design and

The Federal Government has agreed to pay public service workers ₦70,000 monthly as transport support for six months, while also committing to clear outstanding allowances and address other welfare concerns

The National Economic Council (NEC) has approved a 90-day economic action plan aimed at reducing the cost of living, making food more affordable and attracting investment, as the Federal Government

JPMorgan Chase has moved a step closer to establishing a licensed banking operation in Nigeria after depositing ₦50 billion with the Central Bank of Nigeria (CBN), a major regulatory requirement

Nigeria’s naira could strengthen further against the US dollar, with Deutsche Bank identifying the currency as undervalued and adding the country to its frontier foreign exchange monitor. The German lender

Nigeria’s insurance companies are awaiting the release of about N300 billion held in escrow accounts as the Central Bank of Nigeria (CBN) begins due diligence to verify the funds following

Maritime stakeholders have urged the Federal Government to translate existing shipping policies into practical results, calling for stronger indigenous participation, improved seafarer training and reforms capable of making Nigeria more

Nigeria’s oil sector utilised $2.15bn in foreign exchange between January and June 2026, representing an 18.7 per cent decline from the $2.64bn recorded in the corresponding period of 2025, despite

The Human Rights Writers Association of Nigeria (HURIWA) has urged the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to focus on easing economic hardship rather than

Coastal community leaders have urged President Bola Tinubu to reconsider the reported diversion of the Lagos-Calabar Coastal Highway away from parts of the coastline, warning that the change could deprive

Residents of Talasse in Balanga Local Government Area of Gombe State are set to gain access to electricity after 17 years without connection to the national grid, following the commissioning

Nigeria’s tax authority collected N3.70 trillion in August 2026, with petroleum royalties delivering nearly N1 trillion and exceeding the monthly target by N318 billion, according to figures presented at a

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has said Nigeria’s fiscal crisis forced policymakers to explore alternative sources of revenue and foreign exchange, warning that dependence on oil earnings

Nigeria’s foreign exchange reserves climbed to $58.81 billion on October 12, moving close to their highest level in nearly 18 years after a sharp increase in the country’s dollar holdings

The World Bank Group is seeking to mobilise up to $5.79 billion in private financing for Nigeria in the 2026 fiscal year, targeting investments in agriculture, telecommunications, digital infrastructure and

The International Monetary Fund (IMF) has warned Nigeria against restoring petrol subsidies, urging the Federal Government to focus on targeted assistance for vulnerable households as high fuel prices continue to

Nigeria’s economic recovery is yet to translate into affordable living conditions for millions of households, prompting the International Monetary Fund (IMF) to call for targeted cash transfers to cushion the

Nigeria has climbed four places to rank eighth among Africa’s most investable economies, emerging as the continent’s biggest climber in the 2026 Bloomberg Economics Investment Risk-O-Meter. The latest assessment, published

The Nigerian National Petroleum Company Limited (NNPC) has extended its petrol discount at retail stations nationwide until October 31, 2026, offering motorists additional relief from rising fuel costs amid surging

The Lagos State chapter of the All Progressives Congress (APC) has taken a swipe at opposition leaders, including former Vice-President Atiku Abubakar and allies of Peter Obi, over their criticism

A Federal Ministry of Finance official has told the Federal Capital Territory High Court in Abuja that the ministry and the Office of the Accountant-General of the Federation were unaware

The Nigerian National Petroleum Company Limited (NNPC Ltd) says it incurred about ₦11.2 trillion in costs related to the protection of Nigeria’s oil and gas assets in 2025 on behalf

The Ogun State Government and the Nigerian National Petroleum Company Limited (NNPC Ltd.) have opened discussions on reviving the long-delayed Olokola Liquefied Natural Gas (OKLNG) project as major port and

President Bola Tinubu has signed an amendment extending the implementation of Nigeria’s 2025 budget until December 31, giving federal ministries, departments and agencies another three months to execute outstanding capital

The proposed listing of the Nigerian National Petroleum Company Limited (NNPC Ltd.) on the stock market has no fixed date yet, with Group Chief Executive Officer Bayo Ojulari saying the

The Dangote Refinery IPO is bringing retail investors into the centre of Nigeria’s capital-market expansion, with a low entry threshold and digital distribution channels drawing strong interest from everyday Nigerians.

PTAD has completed the payment of ₦18.96 billion in BEC arrears to 3,958 former PHCN pensioners under the Defined Benefit Pension Scheme.

The Ministry of Power is developing a national call centre to give electricity consumers a central channel for reporting outages, service problems and infrastructure vandalism.

Aliko Dangote has questioned how Africa’s wealthy allocate their capital, arguing that investment in factories and productive businesses would have a greater economic impact than spending heavily on luxury assets.

Rising crude oil and logistics costs are putting fresh pressure on petrol prices in Abuja and other Nigerian inland markets.

Vice President Kashim Shettima has presented Nigeria as a strategic gateway to Africa’s expanding market during the 2026 BRICS Summit in New Delhi.

Akwa Ibom and Rivers were excluded from BudgIT’s post-subsidy fiscal review because incomplete budget implementation data prevented their inclusion.

NNPCL plans to deploy between 50 and 70 smart self-service filling stations across Nigeria within six months, following the launch of its first smart facility in Abuja.

The return of triple-digit oil prices is creating a new opportunity for Nigeria while raising questions about fuel costs, government revenue and economic stability.

Peter Obi says Nigeria can strengthen the naira by increasing productivity, rather than reversing the floating exchange-rate policy introduced under Tinubu.

A Lagos electricity generation licence has moved Elektron Energy’s 40MW Victoria Island power project another step towards commercial operation.

The Federal Government says it is preparing a Vienna-listed bond programme to channel foreign financing into investments across key sectors of the Nigerian economy.

TCN has assured Niamey customers of a speedy restoration after three towers collapsed on the Birnin Kebbi–Niamey transmission line.

Canada’s planned retaliation against Trump’s tariffs is raising fears that the escalating US-Canada dispute could develop into a prolonged trade war.

UK retail sales growth slowed to a four-month low in August as the impact of an unusually warm summer on consumer spending began to fade.

A minimum investment of ₦5,250 could give Nigerians an opportunity to acquire shares in Dangote Refinery under the proposed IPO.

Shipping activity through the Strait of Hormuz has fallen as Iran and the United States remain locked in a dangerous confrontation.

Nigeria has expanded its National Community Food Bank Programme to the South-South region as First Lady Oluremi Tinubu pushes for sustainable food support.

Nigeria’s external reserves have risen to $54.08 billion, exceeding the CBN’s 2026 projection and reaching the highest level since 2008.

Aliko Dangote says the IPO of his 650,000-barrel-per-day refinery will open within 10 to 12 days, with the company seeking about $5 billion.

At least 37 people died after toxic fumes overwhelmed people at Okrika’s Okari Jetty, but police and local officials have given different accounts of what the victims were doing at the site.

Independent petroleum marketers are signalling possible further petrol price reductions as filling stations respond to lower supply costs and market competition.

The Federal Workers Forum says the ₦70,000 minimum wage has been eroded by rising living costs and naira depreciation, demanding a new ₦300,000 wage structure.

NANTA has praised the NCAA’s enforcement against foreign airlines operating city sales outlets while renewing its opposition to dollar-only ticket sales in Nigeria.

Governor Umo Eno says the expansion of Ibom Air and other aviation investments are creating jobs and strengthening Akwa Ibom’s economic position as another Airbus joins the fleet.

Akwa Ibom’s Q2 2026 budget report has come under scrutiny after BudgIT identified major information gaps that make it difficult to track government spending.

Crude oil prices surged as renewed US-Iran attacks intensified concerns over the Strait of Hormuz and the security of Middle Eastern oil shipments.

The Federal Government is investigating a 100MW electricity discrepancy along the Ikorodu-Sagamu corridor after monitoring systems revealed an estimated N120bn in unaccounted energy value.

Femi Falana has warned against financial mismanagement following petrol subsidy removal and urged Nigerians to demand accountability over increased government revenue.

An oil spill at the Nembe Creek oilfield has triggered concern among fishing communities in Bayelsa, with residents reporting polluted waters, damaged fishing equipment and disruption to livelihoods.

PenCom says 200,505 out of 219,316 registered Personal Pension Plan accounts remained unfunded as of the first quarter of 2026.

Nigeria is seeking increased Thai investment and technical cooperation in agriculture, technology, renewable energy and other strategic sectors as Abuja moves to strengthen bilateral relations.

Global oil markets are facing renewed uncertainty after US President Donald Trump threatened a sweeping economic campaign against Iran and Tehran warned that it could halt oil exports from the

Nigeria’s leading brewing companies are facing a fresh squeeze from higher tax expenses and escalating energy and logistics costs, increasing the possibility of further beer price increases. Nigerian Breweries, Guinness

George Nwabueze has defended the legitimacy of the Made-in-Nigeria Project Office after the ICPC accused him of promoting a fictitious federal agency operating from government premises. Nwabueze, the National Coordinator

Former Minister of Education Oby Ezekwesili has given the Bola Tinubu administration credit for making progress on macroeconomic stability, particularly through what she described as adherence to market principles in