business
FAAN Warns Travelers as Emirates and Qatar Airways Cancel Nigeria-Middle East Flights Following US-Israel Blitz on Iran International travel from Nigeria has been thrown into a state of total disarray following the massive U.S. and Israeli military strikes on Iran this Saturday. The Federal Airports Authority of Nigeria (FAAN) issued a “red alert” travel advisory […]
Finance Minister Wale Edun Confirms 9.1 Million Homes Now Receiving Cash Transfers as 1 Million More Join the Queue Nigeria’s massive social welfare experiment is finally hitting its stride. On Monday, February 23, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, revealed that the Federal Government has successfully bypassed traditional bureaucracy […]
Tinubu Blocks ₦2tn NNPCL Fees With New Executive Order, Directs All Oil Cash Straight to Federation Account President Bola Tinubu has pulled the plug on the Nigerian National Petroleum Company Limited’s (NNPCL) multi-trillion naira “auto-deduction” system. In what is being described as the most aggressive fiscal reform of his presidency, a new Executive Order has […]
Former NUT Boss turned Governor Reintroduces House and Car Loans to Make Kebbi Teachers “Big Boys” Again In a move that has sent ripples of excitement through staff rooms across the state, Kebbi Governor Nasir Idris has officially brought back the “glory days” for educators. On Tuesday, the state government announced the reintroduction of a […]
Anambra Begs Transporters to End Monday Boycott as Schools and Banks Reopen, But Drivers Demand ‘Bulletproof’ Security First Anambra State is officially open for business on Mondays, but there’s just one problem: there aren’t enough buses to get people there. In a passionate plea on Tuesday, the State Government urged commercial drivers and transport companies […]
President Sheinbaum Dismisses World Cup Fears After ‘El Mencho’ Killing Sparks Bloody Cartel Retaliation Mexico’s President Claudia Sheinbaum has issued a defiant “guarantee of safety” to the world, insisting that the violent tremors shaking the country following the death of its most-wanted drug lord will not derail this summer’s FIFA World Cup. Speaking from the […]
BA, Lufthansa, and Emirates Divert Flights as Massive Fire Guts Lagos Airport Terminal; 12 Traffic Controllers Rescued by Crane A terrifying Monday afternoon at the Murtala Muhammed International Airport (MMIA) saw international travel ground to a halt as a fierce fire tore through the heart of Terminal 1, forcing global airlines to abandon their approach […]
Sanwo-Olu Approves 13% BRT Fare Hike Starting March 2 to Save Lagos Transport from Economic Collapse Lagos commuters have exactly one week to prepare their Cowry cards for a higher charge. Governor Babajide Sanwo-Olu has officially greenlit a 13% fare increase across all Bus Rapid Transit (BRT) and standard bus routes, with the new rates […]
Senate Approves ₦140bn Budget for North-Central Commission, Orders Focus on Food and Security The North-Central Development Commission (NCDC) has secured the financial “green light” to drive development across the “Middle Belt” in 2026. On Monday, the Senate Committee overseeing the commission gave its formal nod to a ₦140 billion budget, but with a strict set […]
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. […]