Economy
Nigerian Government Seeks $78.5 Billion for 65 Development Projects
Federal Government's Projects Nigeria portal lists 65 projects across key sectors, including oil, gas, power, and transport, seeking significant investment to drive economic growth and create jobs.
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Economy
YPP Presidential Candidate Agada Pledges to Maintain Fuel Subsidy Removal
Peter Agada, the Young Progressives Party's presidential candidate, stated he will not reinstate the petrol subsidy if elected, aligning with the current administration's policy.
Economy
Nigerian Breweries Marks 80 Years of Operation in Nigeria
The company, a pioneer in the nation's brewing industry, reflects on its history of navigating economic challenges and its commitment to future growth and community development.
Economy
President Tinubu Welcomes World Bank Financing, Presents $78.5 Billion Project Pipeline
Nigeria seeks private investment to boost economic growth, create jobs, and expand opportunities in key sectors like agriculture and digital infrastructure.
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Economy
Gas Pipeline Explosion Destroys Homes in Eleme
Residents of Aleto community in Eleme Local Government Area are counting losses after a gas pipeline explosion injured over 20 people and destroyed more than 50 houses and several vehicles.
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Economy
Economy
Court Upholds UBA's Receiver Appointment Over N156 Billion Stallion Group Debt
A Federal High Court in Lagos has affirmed the appointment of a receiver to recover over N156 billion owed to UBA, also preventing the diversion of payments from government agencies.
Economy
Nigeria-Indonesia trade hits $1.98bn in seven months — Envoy
Trade between Indonesia and Nigeria reached approximately $1.98bn between January and July 2026, with Indonesia’s non-oil and gas exports to Nigeria increasing by 8.04 per cent to $356.8m, Indonesian Ambassador to Niger…
Economy
World Bank Mobilizes $5.79 Billion in Private Financing for Nigeria
The World Bank Group aims to attract private investment for Nigerian businesses, agriculture, and digital infrastructure through a new financing initiative.
Economy
Lagos Trade Fair Complex Vows Zero Tolerance for Counterfeit Goods
Management of the Lagos International Trade Fair Complex announces strict measures against fake products after arrests for revalidating expired drinks and producing counterfeit consumables.
Economy
Central Bank of Nigeria Explains Surprise Interest Rate Hike
Governor Olayemi Cardoso attributes the unexpected monetary policy decision to the need for transmission mechanism correction and improved macroeconomic conditions, citing record reserves and declining inflation.
Economy
Ogun State Plans $17 Billion Investment Boost with Deep Seaport and Economic Zone
Ogun State is poised for significant industrial expansion, aiming to attract over $17 billion in potential investments through a new deep seaport, a special economic zone, and the revival of the OgunLNG project.
Economy
Hundreds Scoop Spilled Groundnut Oil After Tanker Crashed in Lagos
Hundreds of residents gathered to scoop spilled groundnut oil after a tanker carrying 33,000 litres overturned near Abiola Garden on the Lagos-Ibadan Expressway on Wednesday. The accident occurred inward Old Toll Gate,…
Economy
Abuja Businesses and Residents Suffer Losses Amidst Prolonged Power Outage
Weeks of power outages in parts of Abuja have crippled economic activities, spoiled goods, and increased household expenses, with residents and business owners calling for urgent restoration of electricity.
Economy
Nigeria's Manufacturing Sector Stagnates Despite Large Consumer Market
Declining contribution to GDP highlights challenges including expensive finance, unreliable power, and inconsistent policies, hindering competitive production and job creation.
Economy
Nigerian Naira Holds Steady Against US Dollar
The Naira maintained stability on October 15, 2026, across official and parallel markets, supported by forex turnover and reserves.
Economy
Tanker Spill Prompts Health Warning in Lagos
Lagos State Traffic Management Authority cautions against consuming groundnut oil spilled from an overturned tanker on the Lagos-Ibadan Expressway due to potential contamination.
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