Economy

965 Articles
Economy

NDLEA Arrests Brazil-Based Businessman, Seizes Drugs Across Nigeria

Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a Brazil-based Nigerian businessman, Uche Franklin Onyekwere, at Murtala Muhammed International Airport...

Economy

SERAP Sues NNPCL Over Alleged Missing ₦22.3bn, Foreign Oil Funds

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) over its alleged failure...

Economy

Aviation Stakeholders Reject FG’s Enugu Airport Concession, Cite Lack of Transparency

Following the Federal Government’s decision to concession Akanu Ibiam International Airport, Enugu, aviation stakeholders have raised serious concerns over the process and transparency...

Economy

FG Borrowing Crowds Out Private Sector as Government Credit Jumps N9.19tn in 2025

The Federal Government’s domestic borrowing from the financial system rose sharply in 2025 despite elevated interest rates, significantly widening the gap between public...

Economy

Transcorp Hotels Records Historic N97bn Revenue in 2025, Profit Soars 47%

Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation Plc, has reported a historic revenue of N97.04bn for the 2025 financial year, representing...

Economy

Alternative Bank Executive Calls for Predictable Policies to Boost Blended Finance for Inclusive Growth

The Executive Director, Commercial and Institutional Banking for Lagos and the South-West at The Alternative Bank, Korede Demola-Adeniyi, has called for stronger public-private...

Economy

NCAA Gives Airlines Seven-Day Ultimatum to Add Special Needs Option on Booking Platforms

The Nigeria Civil Aviation Authority (NCAA) has issued a seven-day ultimatum to all domestic airlines operating in the country to integrate a mandatory...

Economy

Petrol Price May Hit N1,000 Per Litre as Global Crude Oil Prices Surge

The pump price of Premium Motor Spirit (PMS), popularly known as petrol, may rise to as much as N1,000 per litre in the...

Economy

Elizade JAC Autoland, Sterling Bank Partner to Expand Vehicle Financing Access

Elizade JAC Autoland Limited has entered into a strategic partnership with Sterling Bank Plc to expand access to brand-new vehicles for Nigerians through...

Economy

Gold Surges Past $5,000 an Ounce, Boosting Africa’s Top Producers

Gold prices surged beyond $5,000 per ounce on Monday, marking an unprecedented milestone amid rising geopolitical tensions, global monetary policy uncertainty, and renewed...