FG Releases Funds To Pay Lecturers’ Eight-Month Accumulated Allowance The Federal Government has released funds for the payment of eight months of accumulated Consolidated Academic Tools Allowance CATA owed to eligible academic staff in federal tertiary institutions across Nigeria. The development is expected to provide relief to lecturers who have been awaiting payment of the […]

NUPRC Threatens Licence Revocation Over Failure To Develop GasFlare Projects The Nigerian Upstream Petroleum Regulatory Commission NUPRC has threatened to revoke the licences and awards of investors who fail to develop gas-flare projects allocated to them under Nigeria’s flare commercialisation programme. The warning comes amid continued gas flaring across the country, despite the Federal Government […]

How To Buy Dangote Refinery Shares As IPO Opens To Retail Investors Nigerians and other eligible investors can subscribe for shares in Dangote Petroleum Refinery through a fully digital process, with investors able to start with as little as 10 shares at an indicative price of ₦525 per share. According to Lanre Buluro, Managing Director […]

CBN Tightens Scrutiny Of Banks Over Terrorism Financing Risks The Central Bank of Nigeria CBN has intensified its supervision of banks and other financial institutions as part of efforts to prevent the country’s financial system from being exploited to finance terrorism, money laundering and other illicit activities. The apex bank has elevated terrorism financing supervision […]

Relief As Lagos Opens Agric-Isawo AFA Bridge Section To Traffic Residents and commuters along the Agric-Isawo axis of Ikorodu, Lagos State, are experiencing relief after the Lagos State Government opened the inbound section of the AFA Bridge to traffic, ending years of difficult crossings and disruption caused by flooding. The newly opened section of the […]

Nigeria-China Economic Diplomacy Deepens as Business Council Explores New Investment Opportunities Nigeria and China are deepening economic cooperation as the Nigeria-China Business Council NCBC steps up efforts to connect Nigerian businesses with new trade, investment and industrial opportunities in the Chinese market. The renewed engagement comes as both countries seek to translate their longstanding diplomatic […]

FG Strengthens AfCFTA Coordination to Boost Trade and Nigerian Businesses The Federal Government is intensifying coordination of Nigeria’s participation in the African Continental Free Trade Area AfCFTA, with renewed efforts to help Nigerian businesses expand production, improve competitiveness and access markets across Africa. The government says stronger coordination among relevant agencies, businesses and other stakeholders […]

Nigeria Signs MoU With APM Terminals to Develop Badagry Deep-Seaport The Federal Government has taken a major step towards developing the proposed Badagry Deep-Seaport in Lagos after APM Terminals signed a Memorandum of Understanding MoU to explore the development of the major greenfield port project. The agreement was signed in Copenhagen, Denmark, on September 7, […]

Nigeria Advances Responsible AI Use in Education Nigeria is stepping up efforts to promote the responsible use of artificial intelligence in education, as the country seeks to harness emerging technologies while protecting students, teachers and the integrity of the learning process. The growing adoption of artificial intelligence is transforming education globally, creating new opportunities for […]

Nigeria Strengthens Partnership With Italy to Support Vulnerable Nigerians Nigeria is deepening its partnership with Italy as both countries explore stronger cooperation aimed at improving livelihoods, empowering vulnerable communities and expanding opportunities for women, families and young Nigerians. The renewed cooperation forms part of broader efforts to strengthen bilateral relations between Nigeria and Italy, with […]

Africa Loses $74.5bn to High-Risk Perception and Costly Borrowing Africa is losing an estimated $74.5 billion in additional debt-service costs because of what experts describe as exaggerated perceptions of risk and shortcomings in the way African economies are assessed by international credit-rating systems. The issue has renewed concerns over the high cost of borrowing faced […]

Experts Raise Alarm Over Widespread Food Adulteration in Nigeria Regulators, health scientists and consumer advocates have raised fresh concerns over widespread food adulteration and contamination in Nigeria, warning that weak enforcement of food-safety regulations is putting the health of millions of Nigerians at risk. The concerns were raised at a food-safety summit in Lagos, where […]

Atiku Criticises Tinubu Over N266bn Foreign Investment Outflow Former Vice President Atiku Abubakar has criticised President Bola Ahmed Tinubu’s economic management, describing the large outflow of foreign portfolio investment from Nigeria’s equities market as a sign of declining investor confidence in the administration. Atiku, who is the presidential candidate of the African Democratic Congress ADC […]

Threats, Attacks Put Nigeria’s 2027 Election Peace Pact Under Pressure Nigeria’s 2027 general election is already facing growing security and political concerns, with threats, intimidation and alleged attacks on opposition activities emerging barely three weeks into the campaign period. The developments have raised fears that the escalating political atmosphere could undermine commitments made by political […]

Troops Foil Boko Haram, ISWAP Attempt to Overrun Borno Military Formation Troops of the Nigerian Army, supported by the Nigerian Air Force and the Civilian Joint Task Force CJTF, have foiled an attempt by Boko Haram and Islamic State West Africa Province ISWAP terrorists to overrun a military formation in Pulka, Gwoza Local Government Area […]

NGX Crosses ₦160 Trillion as Oil Stocks Drive Market Recovery Nigeria’s stock market returned above the ₦160 trillion capitalisation mark on Monday, despite broad selling pressure across listed companies, as gains in the oil and gas sector and a handful of heavyweight stocks lifted the benchmark index. The recovery came amid mixed trading on the […]

Suspected Thugs Block Peter Obi’s Convoy in Benue Suspected thugs have reportedly blocked the convoy of Peter Obi, presidential candidate of the Nigeria Democratic Congress NDC, as he attempted to enter Benue State. The reported incident occurred during Obi’s movement into the state, with the alleged obstruction raising concerns over the safety and security of […]

FG Deepens Public-Private Partnership for Industrial Growth The Federal Government is strengthening collaboration with the private sector as part of efforts to accelerate industrial growth, attract investment and create more opportunities for businesses across Nigeria. The renewed focus on public-private partnerships is aimed at bringing government institutions and private-sector players together to address challenges affecting […]

Troops Foil Terrorist Ambush, Dismantle Makeshift Camps in Borno Nigerian troops have foiled a terrorist ambush and dismantled makeshift camps during operations in Borno State, in another push to disrupt the activities of insurgents operating in the region. The operation highlights the continued efforts by the Nigerian military to deny terrorists freedom of movement and […]

FG Strengthens Partnership With OAU on Mineral Resources, Innovation The Federal Government is strengthening its partnership with Obafemi Awolowo University OAU to promote the development of Nigeria’s mineral resources sector, research and innovation. The collaboration is aimed at leveraging the university’s academic expertise and research capacity to support government efforts to unlock greater value from […]

FG Clarifies No Extra Charges for Special Passport Intervention in UK The Federal Government has clarified that Nigerians in the United Kingdom will not be required to pay any additional charges for the special passport intervention currently being provided to address passport-related challenges. The clarification is aimed at dispelling concerns over possible extra fees associated […]

Fuel Subsidy Returns to Centre of Nigeria’s 2027 Presidential Race Fuel subsidy has returned to the centre of Nigeria’s 2027 presidential contest, with political candidates divided over petrol pricing and renewed debate about whether cheaper fuel should be restored despite concerns over the financial burden on the government. The issue has become a major talking […]

Nigeria, Indonesia Deepen Bilateral Cooperation Nigeria and Indonesia are strengthening bilateral relations as both countries seek to deepen cooperation across key areas of mutual interest and expand opportunities for economic and diplomatic collaboration. The renewed engagement reflects the commitment of both nations to building stronger ties and exploring areas where greater cooperation can deliver shared […]

FG Moves to Unlock $25m CVFF Financing for Nigerian Shipowners The Federal Government is taking steps to unlock about $25 million from the Cabotage Vessel Financing Fund CVFF to support Nigerian shipowners and strengthen the country’s maritime industry. The move is part of efforts to improve access to financing for indigenous operators and increase the […]