business
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 […]
CBN Chief Cardoso Declares Victory as 30 Banks Hit Recapitalization Targets and Reserves Surge to $34.8bn Central Bank Governor Olayemi Cardoso has delivered a bold vote of confidence in Nigeria’s economic future, declaring on Thursday, March 12, 2026, that the country’s aggressive banking and monetary reforms have finally “restored pride” in the naira. Delivering a […]
Despite ₦240bn Budget Boost, Experts Warn $3.4bn Modernisation Project Faces ‘Stalling’ Risks from Vandalism and Debt Nigeria’s ambitious dream of a high-speed, nationwide rail network is at a critical crossroads. On Wednesday, March 11, 2026, fresh reports emerged detailing both the “Renewed Hope” for the sector and the “recurring afflictions” that threaten to derail it. […]
Abia Residents Groan as Petrol Hits Record Highs; Commuters Trek in Umuahia While Gov. Otti Deploys Subsidized ‘Green Shuttles’ The “State of Harmony” in Abia’s transportation sector was shattered on Tuesday, March 10, 2026, as petrol prices in Umuahia and Aba spiraled out of control, hitting an eye-watering ₦1,500 per litre in some outlets. The […]
Tinubu Asks Senate to Fast-Track ‘Tax Tsar’ Oyedele as Finance Minister and Magnus Abe as NUPRC Chief in Major Mid-Term Reset President Bola Tinubu has signaled a decisive shift in his administration’s economic and energy strategy, officially asking the Senate on Tuesday, March 10, 2026, to confirm a new “Dream Team” of technocrats. At the […]
Dangote Refinery Slashes Petrol to ₦1,075 as Global Crude Crashes to $89; Diesel Prices Tumble by ₦190 in Mid-Week Relief In a swift “flip the script” move that has brought a sigh of relief to Nigerian motorists, the Dangote Petroleum Refinery has announced a major price reduction. On Tuesday evening, March 10, 2026, the refinery […]
Sanwo-Olu Inaugurates LASERC Board with 24-Hour Power Mandate; Charges ‘Tax Tsar’ Team to Ignite Lagos’ Round-the-Clock Economy Lagos State has officially taken the “driver’s seat” in its journey toward energy independence. On Monday, March 9, 2026, Governor Babajide Sanwo-Olu formally inaugurated the board of the Lagos State Electricity Regulatory Commission (LASERC), handing them a clear […]
Tinubu Meets ‘Tax Tsar’ Taiwo Oyedele at State House; Briefs Finance Minister-Designate on Mission to Fix Nigeria’s Revenue Crisis The architect of Nigeria’s most ambitious tax overhaul is moving from the advisory board to the frontlines of the economy. On Monday, March 9, 2026, President Bola Tinubu held a crucial strategic meeting at the State […]