News

The Federal Government is weighing a dollar-for-naira swap arrangement to ease Dangote Refinery's growing foreign exchange burden as crude suppliers continue to demand payment in dollars. Dangote says inadequate crude supplied under the naira-for-crude initiative has forced it...

Air Peace commenced direct Lagos–Conakry–Bamako flights, adding Guinea and Mali to its expanding West African route network. Government officials in Guinea and Mali said the new service is expected to boost trade, tourism, investment, cultural exchange, and bilateral...

Global electric vehicle sales are expected to reach a record 23 million in 2026. Africa's EV market more than doubled in the first half of the year, led by South Africa and Egypt. Nigeria did not feature among...

Nigeria committed an estimated ₦17.36 trillion to defence and security between 2021 and 2025, while the sector again received the highest allocation of ₦5.41 trillion in the 2026 Federal Budget. Despite the unprecedented spending, insurgency, banditry, kidnapping, oil...

Federal civil servants have given Finance Minister Taiwo Oyedele until August 11 to resolve outstanding wage awards and the delayed 40 percent peculiar allowance or risk industrial action. Workers accused the minister of ignoring repeated appeals, saying that...

Falana urges the Federal Government to abandon reliance on diplomatic protests and impose economic sanctions on South African companies operating in Nigeria over recurring xenophobic attacks targeting Nigerians. The senior advocate says Nigeria must invoke the principle of...

Gowon says the controversial £20 post-war payment was a collective Federal Executive Council decision, not Awolowo's personal policy. Former Head of State insists Igbos and other Nigerians with verified pre-war bank deposits recovered their full savings with accrued...

Dangote Industries is investing over $800 million to expand the Itori cement plant in Ogun State, doubling production capacity from six million to 12 million tonnes annually. The expansion is expected to strengthen local cement supply, increase exports,...

NAICOM says 43 insurance and reinsurance companies have met Nigeria's new minimum capital requirement. The Commission says the exercise marks the beginning of a stronger and more resilient insurance industry. Eight additional firms remain under regulatory review after...

Tinubu's 2027 nomination papers list only his Chicago State University degree and NYSC certificate, leaving the sections for primary and secondary school qualifications blank. INEC says it does not authenticate candidates' credentials before publication, insisting documents are displayed...