BudgIT Tracka reveals only 52% of 2024 federal capital projects completed nationwide. Katsina leads with 85.84% completion, while Delta trails at 15.63%. Report highlights transparency gaps despite N7.8 trillion disbursement.
Elon Musk becomes the first person in history to surpass $800 billion in net worth after SpaceX acquires xAI. Africa's richest man Aliko Dangote ranks 86th globally with $26.3 billion.
Major Nigerian banks including Access, Zenith, and UBA have begun deducting 10% withholding tax on savings account interest following new government directives, causing widespread anger among savers already struggling with economic pressures.
Newly released FBI documents show Jeffrey Epstein discussed lucrative Nigerian crude oil brokering opportunities in 2010 email correspondence, expressing both interest and skepticism about potential fraud.
The Central Bank of Nigeria has approved the rebranding of FBNQuest Merchant Bank to Quest Merchant Bank Limited following its sale by First Bank Holdings, marking a strategic shift in Nigeria's financial sector.
Nigeria Customs Service intercepts prohibited items worth billions in Lagos, including foreign rice, synthetic drugs, and used vehicles, following intelligence-led operations.
Libya leads African nations with $92.9 billion in foreign reserves, ranking 31st globally. The World Gold Council lists Ghana, Mali, and South Africa as top gold producers.
Nigeria has officially handed over the African Energy Bank headquarters in Abuja, with operations scheduled to commence by June 2026. The bank aims to mobilize capital for energy projects across Africa.
Nigeria's business confidence fell to a six-month low in January 2026 due to rising operating costs from revised taxes and fuel price adjustments, according to NESG data.
The Federal Airports Authority of Nigeria has scheduled a temporary closure of Terminal 1 at Murtala Muhammed International Airport in March 2026 for comprehensive rehabilitation and expansion works.
The Nigerian naira surged to N1,372.91 per US dollar in the official market, gaining N17.45 without CBN intervention as external reserves rose to $46.59 billion.
Two men have died after a light aircraft crashed near Hollingworth Lake in Littleborough, Greater Manchester. The plane took off from Birmingham before coming down in farmland.
Petrol and diesel prices remain elevated across Nigerian depots despite a 5% decline in international crude oil prices, with supply constraints driving local market dynamics.
The World Bank has launched a $250 billion global procurement window, inviting Nigerian firms to bid for contracts across infrastructure, health, education, and other sectors worldwide.
The Nigerian stock market advanced 0.31% on Tuesday as banking and industrial stocks drove gains. First Bank bounced back strongly while market capitalization increased by N333 billion.
The newly established African Energy Bank aims to mobilize $10 billion for strategic energy projects across Africa, with initial focus on Nigeria, Angola, and Libya to unlock stalled developments.
The Federal Accounts Allocation Committee disbursed N1.969 trillion from December 2025 revenue to all government tiers, with VAT receipts showing significant growth.
Nigerian Ports Authority MD Dr. Abubakar Dantsoho reaffirms FG's commitment to port modernization and private investment at Investopia Global Lagos Summit, emphasizing opportunities under AfCFTA.
Agora Policy reveals that weak competition and market concentration, not production costs, drive high cement prices in Nigeria despite surplus local capacity.
Nigerian petrol prices fell significantly in December 2025, with Oyo State emerging as the cheapest location for fuel purchases according to NBS data.
The Central Bank of Nigeria sold N8.5 trillion in Open Market Operation instruments in January, driving system liquidity into a N2.4 trillion deficit and pushing interbank rates higher.
Newly released documents reveal Jeffrey Epstein's associate explored accessing Libya's $80 billion frozen assets and positioning for $100 billion reconstruction contracts during 2011 uprising.
Andray Finance introduces an innovative SaaS platform using artificial intelligence to tackle unethical lending practices in Nigeria's digital credit market, promoting financial dignity and inclusion.
Petrol marketers warn Nigerians to prepare for irregular fuel supply due to rising import costs, heavy bank debts, and global oil price pressures that threaten to push pump prices higher.
The Nigerian naira shows remarkable strength as the US dollar crashes by N50 in the parallel market. Traders confirm new exchange rates for major currencies amid positive economic indicators.
Practical Nigerian money advice: Stop buying these 10 things to reach your financial goals faster. Learn how to control quiet spending and prioritize your future.
Public policy analyst Aderonke defends Nigeria's tax reforms as essential for economic stability, addressing legislative disputes and urging focus on implementation to boost revenue.
The Federal Government has directed state governments to begin sharing electricity subsidy costs through the Power Assistance Consumers Fund, replacing blanket subsidies with targeted support.
Nigeria's naira appreciated 3.6% in January, its strongest monthly performance in nearly two years, driven by foreign investor inflows and rising external reserves.
Nigeria exported 306 million barrels of crude oil in 10 months, with 69% of production going abroad while local refineries face severe feedstock shortages and shutdowns.