business
Crude Oil Crosses $100 as Nigeria Eyes Massive Cash Windfall While Citizens Brace for Fresh Fuel Price Hikes Nigeria is standing at an economic crossroads as escalating geopolitical hostilities in the Middle East pushed global crude oil prices beyond $100 per barrel, presenting the Federal Government with an unexpected revenue boom while exposing motorists, households, […]
Manufacturing Economy Inches Up to N4.13trn as Bosses Turn Optimistic, but Crippling Energy and Loan Costs Threaten Fragile Rebound Nigeria’s manufacturing sector expanded to ₦4.128 trillion in the second quarter of the year, posting a modest 3.3 percent year-on-year increase as business confidence among industrial operators recovered from historic lows. Data released by the National […]
Businesses Strangled as FG’s Domestic Borrowing Explodes 90% to N24.7trn, Leaving Local Firms Starved of Loans A massive borrowing spree by the Federal Government is sucking liquidity out of Nigeria’s financial system, leaving manufacturers, entrepreneurs, and small businesses stranded without access to affordable commercial credit. Official financial market data reveals that domestic borrowing surged by […]
“Clean Up Your Mess or Face Jail!” — FG Cracks Down on Plastic Makers and Importers, Unveils Tough Rules to Tackle Clogged Drains and Flooding The Federal Government has introduced a sweeping regulatory crackdown on plastic pollution, making it legally mandatory for manufacturers, importers, and commercial brand owners to collect, recover, and recycle the plastic […]
Uber Shuts Down Operations in Nigeria After 12 Years, Apologises to Shocked Drivers and Commuters Global ride-hailing pioneer Uber has brought its Nigerian operations to an abrupt halt, ending a 12-year presence in the country that fundamentally transformed urban transport across major commercial hubs. The sudden exit was communicated through an unexpected statement sent directly […]
“Chasing the Trillion-Dollar Tech Boom!” — Nigeria Positions to Grab Massive Share of Africa’s $1tn AI Economy by 2035, Says SGF Akume The Federal Government has set its sights on securing a dominant share of Africa’s projected $1 trillion artificial intelligence (AI) economy by 2035, committing to long-term policy reforms and digital infrastructure investments to […]
Petrol Prices Creep Toward ₦1,500 Per Litre Despite Fall in Global Crude Oil Costs Motorists and commuters across the country face renewed financial pressure as retail pump prices of Premium Motor Spirit (PMS) climb toward ₦1,500 per litre, defying the recent downward trend in international crude oil prices. Market surveys across major commercial hubs show […]
Niger Presidential Guards Crush Mutiny as Rogue Soldiers Launch Midnight Attack in Niamey Heavy gunfire and explosions rocked Niamey as mutinous soldiers attempted to storm the presidential palace and seize strategic military installations across the capital. The assault began in the early hours when rogue elements from within the armed forces launched coordinated strikes targeting […]
Wheel Defect Suspected! NRC Breaks Silence on Tragic Warri-Itakpe Train Derailment, Rules Out Vandalism The Nigerian Railway Corporation has released its official preliminary report on the Warri-Itakpe train derailment in Delta State, revealing that a sudden wheel defect and emergency brake application are currently being investigated as the primary causes. The incident occurred near the […]
“Green Light for Healthcare Pros!” Canada Opens Fast-Track Express Entry Doors for Foreign Nurses, Pharmacists, and Social Workers Canada has expanded its global recruitment drive for vital healthcare and community care personnel, creating dedicated express pathways for foreign-trained professionals seeking permanent residence. Under targeted guidelines managed by Immigration, Refugees and Citizenship Canada (IRCC), eligible occupations […]
New Oil Workers’ Boss Bosun Olabiyi-Agoro Takes Over PENGASSAN, Vows to End Casualisation The Petroleum and Natural Gas Senior Staff Association of Nigeria has ushered in a new era of union leadership following the election of Comrade Bosun Olabiyi-Agoro as its National President, taking over from Festus Osifo after his six-year tenure. Elected during the […]
Sanwo-Olu Targets Massive 3.5GW Power Boost to End Constant Lagos Blackouts Lagos State Governor Babajide Sanwo-Olu has reaffirmed his administration’s commitment to tackling persistent electricity outages across the state, setting an ambitious target to boost local power supply to 3.5 gigawatts. The governor unveiled the plan during the Lagos State High-Level Strategic Power Town Hall, […]
Western Investors Are Swarming Nigeria Thanks to Tinubu’s Economic Reforms, Says US-Based Business Mogul United States-based business mogul Dr. John Famodimu has declared that the economic policies of President Bola Ahmed Tinubu are effectively placing Nigeria back on the global investment map, drawing strong interest from foreign entrepreneurs. Speaking in Ibadan during a meeting with […]
Big Cash Boost for Federal, State, and Local Govts as FAAC Shares Huge N2.55 Trillion Monthly Revenue Federal, state, and local governments across the country have received a major financial boost after the Federation Account Allocation Committee (FAAC) distributed N2.55 trillion in generated monthly revenue. The latest payout reflects a 10.9 percent increase—representing roughly N250 […]
U.S. Scraps 12-Year Security Restrictions on Ships Arriving from Nigerian Ports Nigerian maritime trade has secured a huge win after the United States government formally lifted a strict 12-year security restriction imposed on vessels traveling from Nigerian ports to American waters. As detailed in official notices published by the United States Coast Guard on Splash247, […]
Nigeria’s Inflation Rate Drops to 15.43% as Price Pressures Ease Up Nigerians are getting a much-needed breather as the country’s headline inflation rate continued its downward trend, dropping to 15.43% in July. According to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), the new figure represents a 0.48 […]
FG Invites Investors to Turn 4,000 Abandoned Plateau Mine Pits into Power and Tourist Attractions In an effort to transform longstanding environmental hazards into commercial opportunities, the Federal Government is inviting private investors to take over and repurpose more than 4,000 abandoned mine pits scattered across Plateau State. The Minister of Solid Minerals Development, Dr. […]
Saraki Opens Massive 500-Laptop Tech Hub Built by Bauchi PDP Guber Candidate Thousands of students and young tech enthusiasts in Bauchi State are set to benefit from a brand-new digital hub following the official commissioning of a 500-seater Information and Communication Technology (ICT) and Computer-Based Test (CBT) centre in Azare. The state-of-the-art facility, established by […]
75 Nasarawa Residents Smile Home with N250k Business Grants Dozens of small-scale entrepreneurs and less-privileged residents in Nasarawa North Senatorial District have received a major financial lifeline to start and grow their local businesses. A total of 75 beneficiaries picked from Akwanga, Wamba, and Nasarawa Eggon Local Government Areas received N250,000 cash grants each, bringing […]
Agency Wraps Up New National Money-Sharing Template and Officials’ Pay Review Nigeria is one step closer to a revamped revenue-sharing model after the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) concluded its long-awaited review of the country’s Revenue Allocation Formula. Disclosing the development during an interactive session with media editors, RMAFC Chairman Dr. Mohammed Bello […]