Nigeria spends an estimated $6 billion every year on imported clothing, according to the Federal Government, highlighting the scale of the country’s dependence on foreign garments despite its large domestic…
Aliko Dangote, President of the Dangote Group, announced that expanding the Dangote Petroleum Refinery to a production capacity of 1.4 million barrels per day will create employment for over 95,000…
Former President Olusegun Obasanjo has reiterated his belief that the refineries in Port Harcourt, Warri, and Kaduna will never work again. Obasanjo spoke during a Saturday night television interview broadcast…
Taiwo Oyedele has formally assumed office as Nigeria’s Minister of Finance and Coordinating Minister of the Economy, succeeding Wale Edun after a handover process completed on Thursday, April 23, according…
The federal government has begun emergency consultations to address rising Jet A1 aviation fuel prices and supply constraints after domestic airlines warned that escalating costs could threaten flight operations. The…
Festus Keyamo, Minister of Aviation and Aerospace Development, says President Bola Tinubu has granted a 30% discount on domestic airlines' debts to aviation agencies. This means that domestic airlines will…
The Federation Account Allocation Committee (FAAC) has distributed a total of N2.03 trillion to the federal, state and local governments for March 2026, drawn from a gross revenue of N2.36…
Dangote Sugar Refinery Plc obtained shareholder approval for a N500 billion rights issue, allowing the business to strengthen its financial position, grow its capital base, accelerate strategic objectives, and fund…
The Central Bank of Nigeria (CBN) has introduced new Bank Verification Number (BVN) guidelines set to take effect from May 1, 2026, aimed at strengthening identity security and reducing fraud…
President Bola Tinubu has approved a payment plan to repay the power industry's N3.3 trillion outstanding debt as part of the presidential power sector financial reforms initiative. Bayo Onanuga, the…
