The Nigeria Deposit Insurance Corporation has started the final phase of liquidating 89 microfinance and primary mortgage banks, following their licence revocations in 2023, with successor institutions now operational.
The Nigerian Shippers Council urges policy adjustments and private investments to enhance port efficiency, prevent cargo diversion, and position Nigeria as a West African transshipment hub.
Stakeholders in the Niger Delta reveal Nigeria has lost over $226 billion due to the prolonged shutdown of oil operations in Ogoniland since 1993, urging a restart with community involvement and environmental safeguards.
African energy stakeholders aim to raise $120 billion to build six refineries comparable to Dangote's, addressing supply disruptions and reducing import dependence, while global coal demand surges due to LNG constraints.
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Seplat Energy Plc becomes the first company in Nigerian Exchange history to close above N10,000 per share, driven by Tony Elumelu's strategic investment and strong financial performance.
The Nigerian Federal Government has issued a dire warning that 33 states and the Federal Capital Territory face severe flooding in 2026, with over 14,000 communities at high risk. The Annual Flood Outlook predicts devastating impacts on agriculture, infra
The 56th annual conference of the Nigerian Institution of Estate Surveyors and Valuers in Umuahia aims to redefine real estate development through infrastructure corridors, connectivity, and capital flow, with Governor Alex Otti pledging state partnership
NPA MD Dantsoho credits Minister Oyetola's reforms for transforming Nigeria's maritime sector, predicting the country will dominate Africa's blue economy through port modernisation and private investment.
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Aliko Dangote, CEO of Dangote Group, has been named to the TIME 100 Most Influential People for 2026, marking his second inclusion since 2014. He joins global leaders and innovators in categories like Titans and Pioneers, highlighting his impact on Africa
Nigeria's inflation rate increased to 15.38% in March 2026, with ten states recording the highest levels nationwide. The National Bureau of Statistics reported persistent price pressures across food and non-food sectors.
Ethnic Youth Leaders' Council highlights Nigeria's $4 billion loss to crude oil theft in nine months, endorsing Tantita Security Services for pipeline surveillance to boost economy and security.
A Nigerian man working in Canada lost his airport job due to lateness but immediately secured a new position with a $5 hourly pay increase by leveraging his existing security clearance.
The Central Bank of Nigeria has released draft guidelines for a Mediation and Dispute Resolution Panel to handle disputes between customers and banks, aiming to boost consumer protection and financial system confidence under the STMA Act.
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The Central Bank of Nigeria has proposed a mediation panel to handle loan-related disputes under the Secured Transactions in Movable Assets Act, aiming to provide a cost-effective alternative to court proceedings and strengthen the financial ecosystem.
The Federal Government has directed the Nigerian Electricity Management Service Agency to become financially independent within two years, requiring it to generate its own revenue for operations and salaries.
President Bola Tinubu has outlined the reasons for overhauling Nigeria's outdated tax laws, emphasizing that the new reforms aim to boost transparency, attract investment, and drive economic growth while addressing poverty.
The Presidency has strongly criticized economist Professor Pat Utomi for labeling President Tinubu's economic reforms a 'Ponzi scheme,' accusing him of hypocrisy and citing his past leadership roles at failed institutions.
The Nigerian Civil Aviation Authority expresses optimism for an improved safety rating as ICAO begins a follow-up audit, highlighting corrective actions and training initiatives to enhance oversight capabilities.
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The Presidency has strongly criticized Professor Pat Utomi, labeling his description of President Tinubu's economic reforms as a 'Ponzi scheme' as hypocritical, citing his past roles in failed ventures like Volkswagen Nigeria and BankPHB.
Electricity distribution companies billed Nigerians N795.06 billion in Q4 2025 but collected only N630.93 billion, with collection efficiency dropping to 79.36%. Only Eko DisCo met its performance target while Kaduna DisCo recorded the worst performance.
The Nigerian Civil Aviation Authority cautions air travelers about potential flight disruptions during the rainy season, despite recent operational improvements by airlines.
A Nigerian man's viral video showing a ₦75,480 supermarket receipt for bread, milk, Milo, and custard has ignited a national conversation about the unbearable cost of living and rampant inflation.
President Bola Ahmed Tinubu has announced a bold strategy to convert Nigeria's perennial flood crisis into an economic driver, shifting focus from oil to water resources for national growth and food security.
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Nigeria's inflation rate rose to 15.38% in March 2026, with the Consumer Price Index reaching 135.4, up 5.4 points from February. Food inflation also increased to 14.31%, reflecting sustained pressure on household spending amid updated NBS data methodolog
Nigeria's naira emerges as Africa's second-best-performing currency against the US dollar in 2026, showing resilience amid global economic turbulence despite foreign-exchange reserves hitting lowest levels since mid-February.
A Nigerian man from Enugu details his one-month experience with a 15kVA solar inverter system that powers his full duplex, revealing a total cost of 6 million naira and advising others to go off-grid.
Petrol, diesel, and aviation fuel prices are climbing across Nigeria as global crude benchmarks trade between $99 and $105, with Dangote Refinery offering competitive rates but market pressures persist.
Residents of Mpape, Katampe, Dutse-Pe, and Dutse Alhaji in Abuja are actively building climate resilience following grassroots awareness sessions by HipCity Innovation Centre, focusing on local adaptation and community-led solutions.
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Nigeria's total public debt surged to N159.28 trillion by December 2025, with each citizen bearing N66,250. Domestic borrowing rose 14.1%, driven by Federal Government loans, sparking calls for legislative oversight and revenue reforms.
