Nigeria's debt to the World Bank's International Development Association surged to $18.7 billion, marking an 11.3% annual increase and raising concerns over fiscal sustainability and revenue management.
The Federal Government has announced a phased timeline for enforcing Nigeria's new tax laws, targeting full rollout by 2028, with medium-sized companies first to adopt e-invoicing in 2026.
The federal government has launched the SMEDAN ICSS programme, offering 6,122 Nigerian youths business loans from N250,000 to N5 million with single-digit interest, plus training and mentorship.
The Nigerian naira recorded contrasting movements across official and parallel markets while external reserves climbed above $48.5 billion, providing the Central Bank with enhanced capacity to stabilize the currency.
President Bola Tinubu has eliminated the 30% management fee previously retained by NNPC Limited on profit oil and gas, directing revenues to flow directly to the Federation Account.
Nigeria Revenue Service enforces mandatory electronic invoicing for large businesses, with MTN Nigeria as the first to comply. The system aims to enhance tax compliance and digital administration.
President Bola Tinubu has signed an executive order requiring all oil and gas revenues to be paid directly into the Federation Account, aiming to strengthen public finances and curb revenue leakages in Nigeria's petroleum sector.
CFG Africa's dual-city investment forum highlighted non-interest finance as a strategic hedge against market volatility, with experts showcasing strong returns and advocating for policy shifts to boost economic stability.
Nigeria strengthens its position as West Africa's aviation hub with direct flights connecting Lagos to 30 countries across four continents, including a new Brazil route set to launch soon.
The proposed merger between Unity Bank and Providus Bank has successfully exceeded the Central Bank of Nigeria's N200 billion minimum capital requirement for national banking licenses. Regulatory approvals and shareholder support have positioned the combi
The Niger Delta Development Commission has initiated a six-week CNG conversion training programme for 400 youths, aiming to equip them with skills for Nigeria's clean energy sector and reduce unemployment.
The Federal Airports Authority of Nigeria has repaired the non-functional wall clocks at Murtala Mohammed International Airport following a viral social media post by a pilot highlighting the issue.
Nigerian pilot Arinze Odira reveals that wall clocks at Murtala Muhammed International Airport in Lagos, meant to display times for five countries, are not working, citing a poor culture of excellence.
The Nigerian Content Development and Monitoring Board (NCDMB) has reiterated that all upstream oil and gas companies must pay a mandatory 1% levy and obtain a compliance certificate to access regulatory services.
Nigerian billionaire Abdulsamad Rabiu's net worth surged to $12.3 billion on February 18, 2026, driven by gains in BUA Cement and BUA Foods on the Nigerian Exchange. His wealth increased by $915 million in a single day, with year-to-date gains of $2.13 bi
A suspected carbon monoxide gas leak at a mining site in Plateau State's Zurak area has killed 37 miners and hospitalized 25 others, highlighting severe safety lapses in underground operations.
Aliko Dangote has urged the federal government to convene a national retreat to address Nigeria's electricity challenges, warning that unstable power supply threatens manufacturing and job creation. He emphasized stronger protection for local industries.
Zenith Bank Plc has issued a strong public warning about a fraudulent AI-generated video falsely showing Chairman Jim Ovia promoting an investment scheme. The bank disowned the manipulated clip and urged Nigerians to disregard it.
The Federal Government has introduced a new financing initiative offering youth-led MSMEs loans up to N5 million at single-digit interest rates, in partnership with GIZ and Jaiz Bank.
A Nigerian solar installer has sparked online buzz by showcasing an electric machine that effortlessly lifts 30kg solar panels to roofs, drawing praise and questions from viewers.
Nigerian equities rank second globally for dollar returns in 2026, surging 31% as market capitalization climbs to $84 billion. The naira's 7% gain against the dollar fuels investor confidence and foreign participation.
A viral X post sparks intense debate on Nigeria's economy, with users arguing whether budgeting can fix the cost-of-living crisis or if stagnant wages are the real issue, highlighting divergent views on consumer habits and financial realities.
A suspected toxic gas leak at an illegal mining site in Plateau state has resulted in the deaths of 37 miners, with survivors hospitalized. The incident highlights safety concerns in unregulated mining operations.
West African leaders have intensified efforts to launch the long-delayed Eco regional currency, with Nigeria playing a central role in harmonizing monetary policies and meeting strict macroeconomic benchmarks for the ambitious 2027 target.
The Nigerian naira has appreciated significantly, with the dollar exchange rate dropping below N1,400 at the black market. Traders announce new rates amid improved forex supply and rising external reserves.
Mshel Hutu Exclusive, launched last year by Mshel Homes, has seen up to 35% appreciation due to its prime location and sustainable amenities like golf courses, a school, and a resort hotel. Investors are urged to act now to secure long-term returns.
Nigeria lost an estimated N1.76 trillion in potential crude oil revenue after failing to meet its OPEC production quota between January 2025 and January 2026, highlighting persistent structural challenges in the oil sector.
Aliko Dangote has appointed his daughters Halima, Fatima, and Mariya to key executive roles within the Dangote Group, as part of a leadership restructuring and succession plan aimed at driving expansion under Vision 2030.
Billionaire industrialist Aliko Dangote forecasts the Nigerian naira could appreciate to N1,000 against the US dollar by 2026, citing government economic reforms and import restrictions as key drivers.
A businessman has publicly accused an employee of diverting company funds into her personal account and savings box, alleging this occurred while he struggled with business losses and loans.