business
Federal Government Unveils Ambitious Plan: 1 Million Hectares, 460,000 Tonnes of Soybeans in Two Years In a significant move to bolster food security and position Nigeria as a major player in the global agricultural market, the Federal Government has unveiled an ambitious plan to cultivate one million hectares of farmland and produce 460,000 metric tonnes […]
Fuel Distribution Shake-Up: Tanker Drivers Panic as Dangote Unleashes 4,000 CNG Trucks in Nationwide Rollout The Nigerian petroleum product distribution landscape is on the brink of a monumental shift, causing palpable panic among traditional diesel-powered tanker drivers. This comes as the Dangote Petroleum Refinery prepares to launch a massive fleet of 4,000 Compressed Natural Gas […]
Naira Abuse: EFCC Boss Declares Spraying, Stamping on Currency a Criminal Offence The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has issued a stern warning to Nigerians, reiterating that acts such as spraying, stamping on, or otherwise defacing the Naira constitute a criminal offense punishable by law. Olukoyede re-emphasized […]
TikTok Scales Up Enforcement, Removes 3.6 Million Nigerian Videos in Q1 2025 In a significant move to uphold its Community Guidelines, the short-form video platform TikTok has announced the removal of over 3.6 million videos originating from Nigeria during the first quarter of 2025 (January to March). This figure represents a 50 percent increase in […]
Federal Government Taps Lagos Blue Economy Model for Nationwide Development Strategy The Federal Government has commenced a comprehensive study of Lagos State’s successful blue economy initiatives, with a view to replicating its innovative and sustainable model across the nation. A delegation from the National Institute for Policy and Strategic Studies (NIPSS), Kuru, is currently on […]
FG Declares Tuesday Public Holiday to Honour Late President Buhari The Federal Government of Nigeria has declared Tuesday, July 15, 2025, a public holiday, in honour of the late former President Muhammadu Buhari, who passed away on Sunday at the age of 82. The declaration is a mark of respect for the former leader’s extensive […]
Gombe Kicks Off 2025 Farming Season with Subsidized Fertilizer Rollout, Boosts Supply by 150% The Gombe State Government has officially flagged off the 2025 wet season farming, commencing the sales and distribution of heavily subsidized fertilizer to farmers across the state. Governor Muhammadu Inuwa Yahaya performed the ceremony on Thursday, June 26, 2025, unveiling a […]
Nigeria, US Hold High-Level Talks to De-escalate Visa Tensions After New Restrictions In a diplomatic move aimed at easing recent visa tensions, Nigeria and the United States held a high-level meeting in Abuja on Wednesday, July 9, 2025, to discuss the new visa restrictions imposed on Nigerian citizens by the US. The dialogue underscores efforts […]
Nigerians Face Stricter Visa Regimes from US, UAE, Canada as Major Nations Tighten Immigration Controls Nigerians are contending with increasingly stringent visa requirements from key international destinations, including the United States, United Arab Emirates, and Canada, marking a significant shift in global immigration policies impacting travel, business, and educational opportunities. These new hurdles, largely effective […]
NDDC Disburses ₦5 Billion for Women, Youth Empowerment Through Skills Training in Niger Delta The Niger Delta Development Commission (NDDC) has announced the release of ₦5 billion to kickstart skills training and entrepreneurship development programs targeting women and youths across the Niger Delta region. The significant disbursement, part of a larger ₦30 billion approved for […]
Financial Fraud Under Scrutiny: Senate Investigates N1.3 Trillion Loss from CBEX Collapse and Ponzi Epidemic In a decisive move to address the escalating wave of financial scams and protect unsuspecting citizens, the Nigerian Senate has launched a comprehensive probe into the proliferation of Ponzi schemes across the country, specifically highlighting the recent collapse of CryptoBridge […]
FG Secures Landmark $747 Million Syndicated Loan for Lagos-Calabar Coastal Highway First Phase The Federal Government has successfully secured a significant $747 million syndicated loan facility to finance the crucial Phase 1, Section 1 of the ambitious Lagos-Calabar Coastal Highway project. This landmark financial deal, announced on Wednesday, July 9, 2025, by the Federal Ministry […]
UNICEF Mobilizes Bauchi Youths to Plant Trees, Combat Climate Change and Flooding The United Nations Children’s Fund (UNICEF) has intensified its call to action for youths and residents of Bauchi State, urging them to embrace tree planting as a critical strategy to mitigate the devastating impacts of climate change, curb desertification, and prevent perennial flooding. […]
NDPC Slams ₦766 Million Fine on MultiChoice for Egregious Data Privacy Violations The Nigeria Data Protection Commission (NDPC) has imposed a hefty fine of ₦766,242,500 (Seven Hundred and Sixty-Six Million, Two Hundred and Forty-Two Thousand, Five Hundred Naira) on MultiChoice Nigeria, the operator of DStv and GOtv, for multiple breaches of the Nigeria Data Protection […]
MTN, 9mobile Partner on National Roaming to Boost Seamless Connectivity Nationwide In a landmark development poised to significantly enhance telecommunications services across Nigeria, MTN Nigeria and 9mobile have announced a strategic three-year national roaming agreement. This partnership, which takes effect next week and is expected to roll out nationwide in July, will allow 9mobile subscribers […]
Hunger, Inflation Fueling Nigeria’s Insecurity, Methodist Prelate Tells Tinubu His Eminence, Dr. Oliver Ali Aba, the Prelate of the Methodist Church Nigeria, has directly told President Bola Ahmed Tinubu that the twin challenges of hunger and inflation are profoundly fueling the pervasive insecurity across the country. He urged the government to confront these pressing issues […]
FG Declares End to Dormant Oil Fields, Vows to Revoke Licenses to Boost Production The Federal Government has issued a stern warning to oil and gas firms holding undeveloped oil field licenses, declaring an end to the “era of speculative licensing” and vowing to withdraw permits from operators who fail to actively develop their assets. […]
Naira Under Pressure: Parallel Market Rate Hits N1,585/$ Amid FX Volatility The Nigerian Naira has experienced significant pressure in the unofficial foreign exchange market, with the parallel market rate reportedly reaching N1,585 to the US dollar recently, reflecting the ongoing volatility in the country’s currency landscape. While the rate has seen some minor fluctuations and […]
Tinubu Halts FRC Act Implementation, Caps Dues for Private Companies at N25 Million President Bola Tinubu has ordered a temporary halt to the implementation of key provisions of the controversial Financial Reporting Council (FRC) (Amendment) Act 2023, specifically capping the annual dues payable by large private companies, known as Public Interest Entities (PIEs), at N25 […]
Starlink Resumes Nationwide Activations in Nigeria After Regulatory Pause and Network Upgrade Starlink, the satellite internet service operated by Elon Musk’s SpaceX, has officially resumed new customer activations across Nigeria, following a multi-month regulatory pause and significant network capacity upgrades. The development, confirmed on Saturday, June 28, 2025, marks a pivotal return for the high-speed […]