business
Niger Gov’t Shuts Down Zuzungi Mine for Two Weeks After Illegal Dealers Kill Security Officer The Niger State Government has clamped down on mining activities in the Katcha Local Government Area, ordering the immediate closure of the Zuzungi Kataeregi mining site. The directive, issued on Friday, follows a deadly ambush by illegal mineral dealers that […]
Otedola Predicts Naira Will Crash Below ₦1,000/$1 as Dangote Refinery Hits Historic Full Capacity Billionaire investor Femi Otedola has sent shockwaves through the financial markets with a bold forecast: the Nigerian Naira is headed for a massive comeback, potentially trading below ₦1,000 to the US Dollar before the curtain falls on 2026. Taking to his […]
Obasanjo Blames Shagari for Nigeria’s Rice Woes, Says 1979 Import Ban Reversal “Killed” Local Farmers Former President Olusegun Obasanjo has taken a sharp look back at Nigeria’s economic history, identifying the exact moment he believes the nation lost its way regarding food security. Speaking in Abuja on Thursday at a memorial lecture for the late […]
FG Floats Rice Pyramids at Argungu Festival, Vows to Turn Cultural Heritage Into Food and Tourism Goldmine The legendary waters of the Matan Fada river are stirring again as the Federal Government uses the 61st Argungu International Fishing and Cultural Festival to signal a new era of food sufficiency and global tourism. On the second […]
Wike Says Abuja’s Mega Bus Terminals Need FEC’s Final Green Light to Launch Private Management Abuja’s ambitious plan to modernize its transport system is currently parked in the “waiting room” of the Federal Executive Council. FCT Minister Nyesom Wike revealed on Thursday that while the city’s mega bus terminals are structurally ready, they cannot “hit […]
NNPC Shatters Records with ₦5.7tn Profit in 2025 as Oil Production Hits 1.6m Barrels Daily The Nigerian National Petroleum Company Limited (NNPC Ltd) has officially cemented its status as a commercial powerhouse, declaring a staggering ₦60.5 trillion in revenue for the 2025 fiscal year. In a detailed financial report released on Thursday, February 12, the […]
Governor Adeleke woos Global Investors in South Africa as Romulus Mining Pledges $150 Million Boost for Osun Governor Ademola Adeleke has officially put Osun State on the global mining map, declaring the state “open for business” during a high-stakes investment forum in Cape Town, South Africa. Speaking at a dinner on the sidelines of the […]
CBN Pumps $150,000 Weekly into BDCs to Kill Black Market Premium and Stabilize the Naira The Central Bank of Nigeria (CBN) has taken its boldest step yet to reclaim control of the retail foreign exchange market, authorizing licensed Bureau De Change (BDC) operators to purchase up to $150,000 every week. This aggressive liquidity injection, announced […]
Dangote Slashes Petrol Price to ₦774 to Edge Out Importers as Refinery Ends Bonus Scheme for Marketers The battle for dominance in Nigeria’s deregulated fuel market has intensified as the Dangote Petroleum Refinery officially slashed its petrol price on Tuesday. In a move designed to “recalibrate” the market and fend off competition from cheaper imported […]
Nigeria’s Foreign Reserves Hit 8-Year High as Naira Stabilizes Amid Record Oil and Diaspora Inflows Nigeria’s economic “shock absorbers” are stronger than they have been in nearly a decade. On Monday, fresh data from the Central Bank of Nigeria (CBN) revealed that the nation’s foreign exchange reserves have hit a staggering $49 billion, marking a […]
Nigeria Smashes Records with ₦113 Trillion Trade Value as Minister Oduwole Demands More Cash to Hit $1 Trillion Goal Nigeria’s economy is showing unprecedented muscle on the global stage, with the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, revealing a staggering ₦113 trillion total trade value for the first three quarters of 2025. […]
Lagos Begins Massive Health Drive for 10,000 Truck Drivers with Free Eye Tests and NDLEA Drug Screening Lagos State has launched a high-impact offensive against road accidents, targeting the “human factor” behind heavy-duty vehicle crashes. On Monday, the state government rolled out a specialized health and safety intervention designed to provide free eye care and […]
Tinubu Meets New AFRICOM Chief to Cement U.S.-Nigeria Military Pact After Christmas Day Strikes The military partnership between Nigeria and the United States has moved into a “new gear” following a high-stakes late-night meeting at the Aso Rock Villa on Sunday. President Bola Ahmed Tinubu played host to the new Commander of U.S. Africa Command […]
NCC and NDPC Sign Landmark Deal to Stop Telecom Operators from Misusing Subscriber Information The days of “free” digital platforms quietly profiting from your personal information may be numbered. In a major step toward digital sovereignty, the Nigerian Communications Commission (NCC) and the Nigeria Data Protection Commission (NDPC) joined forces on Thursday to launch a […]
TotalEnergies Warns Nigeria’s Fuel Deregulation Will Fail Without ‘Strict Discipline’ and Consistent Rules TotalEnergies, the last standing multinational in Nigeria’s downstream oil sector, has sent a powerful message to the federal government: removing subsidies is only half the battle. On Thursday, the energy giant warned that the country’s newly deregulated fuel market is at risk […]
“The ₦1,000 Per Litre Threat!” Dangote Warns Fuel Prices Could Skyrocket if Marketers Stick to Costly Sea Shipping Nigerians may soon be digging even deeper into their pockets at the petrol pumps. The Dangote Petroleum Refinery issued a sharp warning on Thursday, stating that the price of Premium Motor Spirit (PMS) could hit the dreaded […]
“Dig at Your Own Risk!” NCC and NSCDC to Jail Contractors for 10 Years Over Fibre-Optic Cable Damage The era of “accidental” internet blackouts caused by reckless road construction is officially over. The Nigerian Communications Commission (NCC) and the Nigeria Security and Civil Defence Corps (NSCDC) have issued a stern joint warning: any contractor caught […]
Governor Buni Drops ₦1.2bn to Empower Yobe Women and Keep Girls in School In a major move to break the cycle of poverty and illiteracy, Yobe State Governor Mai Mala Buni has unveiled a sweeping ₦1.2 billion empowerment scheme dedicated to the upliftment of women and adolescent girls. The multi-dimensional program, launched this week in […]
Tinubu Tells World Bank Nigeria’s Reforms are Permanent as Naira Stabilizes and Growth Hits 4.7% President Bola Ahmed Tinubu has sent a clear message to both domestic critics and international investors: the era of “economic flip-flopping” in Nigeria is over. Speaking at the State House on Tuesday, the President vowed that his administration would never […]
Abuja Hands Over $5bn Energy Bank HQ to Save Africa’s Oil and Gas from Foreign Funding Cuts Nigeria has officially cemented its role as the financial capital of Africa’s energy future. In a high-profile ceremony in Abuja this Monday, the Federal Government formally handed over the completed headquarters of the African Energy Bank (AEB) to […]