business
Senate Greenlights Tinubu’s $6bn Loan Request; ₦9tn Added to 2026 Budget as FG Moves to Rebuild Lagos Seaports The Nigerian Senate has provided a massive legislative “Solution” to the federal government’s 2026 funding gaps by approving a $6 billion external borrowing plan. During a fast-paced plenary session on Tuesday, March 31, 2026, lawmakers “flipped the […]
INTERPOL Nabs Edo Resident for $550,000 Romance Scam; Suspect Posed as British Contractor to Swindle Texas Woman of Her Life Savings The long arm of international law has finally caught up with a Benin-based fraudster who allegedly orchestrated a high-stakes romance scam against a United States citizen. On Tuesday, March 31, 2026, the INTERPOL National […]
FG Launches 3MTT Partner Network as EU and Denmark Pour €11m into Digital Talent; Minister Tijani Vows to Turn 3 Million Youths into Global Exports Nigeria’s quest to become a global technology hub received a multi-million euro “shot in the arm” following the official unveiling of the 3MTT Partner Network in Lagos. The Federal Ministry […]
Rep Akinlayo Kolawole Facilitates ₦1bn in Ekiti Projects; Lawmaker Explains How He Turned ₦200m Allocation into Massive Infrastructure Boost A federal lawmaker from Ekiti State has set the record straight regarding the controversial “constituency allowance,” while showcasing a billion-naira development portfolio. Hon. Davidson Akinlayo Kolawole, who represents Moba/Ilejemeje/Ido-Osi Federal Constituency, detailed how he has attracted […]
Yobe Lands $5m World Bank Grant to Power Top Hospitals and Universities with Solar; Governor Buni Moves to Slash Diesel Costs and End Blackouts Yobe State is preparing for a “bright” transformation in its public services as it secures a landmark $5 million grant from the World Bank. Details emerged of a strategic plan to […]
Dangote Refinery Slashes Petrol Price to ₦1,200; NNPCL Follows Suit With Immediate ₦71 Drop at the Pump as Local Refining Finally Bites Back The Nigerian downstream petroleum sector is witnessing a rare “downward spiral” in prices as the Dangote Refinery officially crashed its gantry price to ₦1,200 per litre. The move, announced on Thursday and […]
Adelabu Reveals Electricity Act Has Sparked $2bn in Fresh Investments; 16 States Launch Independent Markets as Sector Revenue Soars by 70% Nigeria’s power sector is finally seeing the “spark” it has needed for decades. On Thursday, March 26, 2026, Minister of Power Adebayo Adelabu revealed that the landmark Electricity Act 2023 has already pulled in […]
Court Nullifies CBN’s Sack of Union Bank Board; Orders Immediate Reinstatement of Farouk Gumel and Team While Halting Recapitalization Plans The Central Bank of Nigeria (CBN) has suffered a significant legal defeat as a Federal High Court in Lagos overturned its 2024 takeover of Union Bank of Nigeria. On Wednesday morning, March 25, 2026, Justice […]
Daily Economy Marks 2nd Anniversary With Launch of New Book Chronicling the Transformation of Nigeria’s Insurance Industry Daily Economy is set to celebrate two years of financial reporting by taking a deep dive into the history of Nigerian insurance. On Monday, March 23, 2026, the organization announced that its second-anniversary activities would be headlined by […]
FG Shortlists Finalists for ₦50m Student Venture Grant; Top Innovators From 404 Schools Set to Pitch for ‘Equity-Free’ Funding The Federal Government’s search for Nigeria’s next “Unicorn” has reached a major milestone. On Monday, March 23, 2026, the Minister of Education, Dr. Maruf Tunji Alausa, announced the shortlisting of 65 exceptional student innovators who will […]
Minister Umahi Orders Opening of 15km Enugu–Onitsha Expressway Section by March 31; Solar Lights to be Installed Immediately The decades-long “nightmare” on the Enugu–Onitsha Expressway is finally nearing its end as the Federal Government prepares to open a major section of the road. On Monday, March 23, 2026, the Minister of Works, David Umahi, issued […]
Dangote Refinery Hikes Petrol to ₦1,245 as Iran War Pushes Oil Over $110; Pump Prices Hit ₦1,440 at Filling Stations Nigerians are waking up to a tough new reality at the petrol pumps this weekend. On Saturday, March 21, 2026, the Dangote Petroleum Refinery officially adjusted its ex-depot price for petrol to ₦1,245 per litre, […]
Tinubu and Starmer Seal Landmark £746m Deal to Transform Apapa and Tin Can; British Steel to Supply 120,000 Tonnes for Massive Upgrade Nigeria’s two busiest maritime gateways are set for their biggest transformation in nearly 50 years. On Thursday, March 19, 2026, President Bola Tinubu and UK Prime Minister Keir Starmer finalized a historic £746 […]
New Report Uncovers ₦24 Billion in Abandoned and Fraudulent Projects Across Nigeria; Taraba and Abia Top the List of Shame A shocking new report has revealed how billions of naira meant for roads, schools, and hospitals are being wasted across Nigeria. The report, titled “The People and Government Oversight,” was released by the tracking group […]
Lagos Vows to Arrest Fake Parking Operators in Computer Village After Uncovering ₦1,000 Extortion Scam The Lagos State Government has declared war on illegal parking “tax collectors” who have been terrorizing motorists in the busy Computer Village area of Ikeja. On Wednesday, March 18, 2026, the Lagos State Parking Authority (LASPA) issued a stern warning […]
Federal Government Says New Tax Laws are for Fairness; Low-Income Earners to Pay Zero Tax as Small Businesses Get Big Relief The Federal Government has sent a clear message to all Nigerians: the new 2026 tax reforms are here to protect the poor, not just to fill the government’s pockets. Speaking on Tuesday, March 17, […]
President Tinubu Swears In Taiwo Oyedele as New Finance Minister; Tasks Him to Fix Economy and Boost Revenue Nigeria’s plan to fix its economy got a big boost today as President Bola Tinubu officially added a top expert to his team. On Monday afternoon, March 16, 2026, Taiwo Oyedele took his oath of office to […]
NLC Demands Extra Cash and Tax Relief for Workers as Petrol Hits ₦1,350; Union Asks Govt to Use ₦30 Trillion Oil Profit to Help the Poor The Nigeria Labour Congress (NLC) has told the Federal Government that workers are now “suffering and crying” because of the latest jump in petrol prices. On Sunday, March 15, […]
Nigeria in Darkness as Gas Companies Stop Supply Over ₦3.3 Trillion Debt; Businesses Cry Out Over Heavy Losses Nigeria is facing a very serious power problem right now. From Lagos to Kano, many families are living in total darkness. On Saturday, March 14, 2026, it was revealed that the main reason for the blackout is […]
Fed Govt Teams Up with UNDP to Supercharge ‘Made-in-Nigeria’ Drive and Boost Women’s Role in Power The Federal Government has moved to “flip the script” on its economic recovery strategy, seeking a high-powered collaboration with the United Nations Development Programme (UNDP) to turn policy reforms into actual factory jobs and full plates for Nigerians. On […]