Economy
Senate Defers Debate on US Airstrikes in Sokoto, Calls for Closed-Door Briefing
The Nigerian Senate on Wednesday deferred open debate on the December 25 United States airstrikes against suspected terrorist enclaves in Sokoto State, citing...
Naira Strengthens Against Dollar, Maintains Positive Momentum in Official Market
The Nigerian Naira maintained its positive momentum against the U.S. Dollar during mid-week trading on Wednesday, January 28, 2026, continuing a trend of...
National Grid Suffers Second Disruption in Four Days, Sparks Fresh Power Concerns
Nigeria’s national power grid experienced another disruption yesterday, the second in four days, leading to widespread outages across the country and reigniting concerns...
FG Raises N501bn Bond to Begin Settlement of Power Sector Debts
The Federal Government has raised N501.02 billion from the bond market to commence the settlement of outstanding debts owed to power generation companies...
World Bank Opens $250bn Global Procurement Window to Nigerian Firms
The World Bank has unveiled a $250 billion global procurement window for Nigerian firms, urging local companies to seize thousands of business opportunities...
Customs Records N7.28trn Revenue in 2025, Exceeds Target by N697bn
The Nigeria Customs Service (NCS) has announced a total revenue generation of N7.28 trillion for the 2025 fiscal year, exceeding its annual target...
Gold Surges Above 5 200 an Ounce to Reach Record High Levels
Gold prices climbed above 5 200 an ounce on January 28 in a historic rally as investors rushed into the precious metal amid...
Lagos Assembly Denies Allegations of Budgeting for Abuja Houses for Lawmakers
LAGOS – The Lagos State House of Assembly has strongly refuted claims that it included funds in the 2026 Appropriation Law to purchase...
CBN Upgrades Fintechs and Microfinance Banks to National Licences
The Central Bank of Nigeria (CBN) has upgraded the operating licences of several major financial technology firms and microfinance banks (MFBs) to national...
Dangote Refinery Increases Petrol Price Amid Commitment to Market ility
Dangote Petroleum Refinery and Petrochemicals has raised the ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N699 per litre...
