Newspaper
The Business NG
Pressure Builds on Nigeria's Economy as Foreign Reserves Fall Since March 2026
Projected to Fall to $47 Billion CBN Vows to Raise Reserves to $51Bn
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The Business NG
Bala Mohammed's Political Future Uncertain Amid Reports of Party Search
Political uncertainty is growing around the future of Governor Bala Mohammed as reports suggest he may be quietly reviewing his political options ahead of future elections.
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The Business NG
FCT Teachers to Begin Indefinite Strike on Monday
Teachers in the Federal Capital Territory (FCT) are set to begin an indefinite strike on Monday following unresolved issues with their welfare and working conditions.
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The Business NG
Opposition in Disarray as LP, PDP and ADC Struggle to Field 2027 Presidential Candidates
Nigeria's opposition politics is heading into the 2027 general election in a state of uncertainty, as major parties struggle to agree on clear presidential candidates amid rising internal divisions and competing interests.
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The Business NG
Court Orders Arrest of Ex-Minister Sadiya Umar Farouq Over Alleged N2.49bn Fraud
A Federal Capital Territory High Court sitting in Apo has ordered the arrest of former Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, over her alleged involvement in a 2.49 billion fraud case.
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MTN Nigeria Suspends Air-time, Data Lending Service Over FCCPC Regulation
MTN Nigeria has temporarily suspended its airtime and data lending service known as \"Xtratime,\" following new compliance requirements introduced by the Federal Competition and Consumer Protection Commission.
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The Business NG
FG Set for Revenue Boost as Nigerian Crude Rallies to $113/Barrel, Tops Brent
Nigeria's federal government is expected to see stronger oil revenue inflows after the coun-
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Naira Weakens as FX Inflows Drop in March, CBN Steps Up Dollar Sales
Nigeria’s foreign exchange market recorded a slight slowdown in March 2026, as total dollar inflows declined by 7% to $4.1 billion, accord-
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Old Tax Laws Made Nigerians Poor; New System Will Create Opportunities, Prosperity-Tinubu
President Bola Tinubu has declared that Nigeria's old, colonial-era tax laws contributed to widespread poverty, promising that newly implemented reforms will un-
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The Business NG
Dangote Refinery Makes History as Nigeria Becomes Net Petrol Exporter, Earns Fresh Forex Boost
Nigeria has reached a major milestone in its energy sector as the Dangote Petroleum Refinery & Petrochemicals drives the country into becoming a net exporter of petrol for the first time.
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The Business NG
1,000% Rally: Experts Warn Wema Bank May Be Overvalued After Market Boom
Financial experts have raised concerns that the rapid market surge of Wema Bank may have pushed its valuation beyond fundamental levels, following a dramatic stock rally of over 1,000% in recent years.
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The Business NG
Kano APC Stakeholders Back Murtala Sule Garo for Deputy Governor Role
Stakeholders of the All Progressives Congress (APC) Legacy Group in Kano have nominated Murtala Sule Garo as the preferred candidate for the state's deputy governor position following hours of deliberation that stretched into early Sunday morning.
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The Business NG
Hamzat, Ambode, Jandor Step Up Mobilisation as Lagos 2027 Governorship Race Intensifies
Political activities ahead of the 2027 governorship election in Lagos are gaining momentum, as loyalists of key aspirants within the All Progressives Congress (APC) intensify grassroots mobilisation and strategic alignments.
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NGX Soars 29% in Q1 2026 as Nigeria's Capital Market Enters a New Era of Discipline
Nigeria's capital market delivered a strong performance in the first quarter of 2026, but beneath the impressive growth lies a deeper story of structural reforms, investor discipline, and strategic repositioning.
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World Bank Warns Nigeria Against Subsidy Spending as Oil Revenue Windfall Grows
The World Bank Group says Nigeria's recent economic reforms are beginning to deliver results, with improved growth, easing inflation, and stronger external balances.
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The Business NG
May 1st Deadline: Concerns Mount Among Bank Customers Over New CBN BVN Rule
The Central Bank of Nigeria has introduced stricter Bank Verification Number (BVN) regulations that will take effect from May 1, 2026, prompting concerns among bank customers about potential account restrictions.
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ADC Crisis Deepens as INEC Withdraws Recognition Amid Leadership Battle
A deepening leadership crisis within Nigeria's African Democratic Congress (ADC) has taken a dramatic turn, as the Independent National Electoral Commission (INEC) formally stepped back from recognising any faction of the party, following a crucial appellate court ruling.
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The Business NG
Election-Year Speculation Fuels FX Surge, Raises Concerns
Nigeria is witnessing a sharp rise in foreign exchange (FX) inflows, but economic experts say much of the surge is being driven by election-related speculation—raising concerns about how long the trend can last.
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More Than 50% of Population in Kebbi, Jigawa, Sokoto Faces Severe Poverty -Report
Northern Nigeria continues to bear the brunt of extreme poverty, with Kebbi (52.7%), Jigawa (52.0%), and Sokoto (51.4%) leading the coun-
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2026 Budget Expanded to N68.3 Trillion as Oil Prices Surge to $115
Nigeria's 2026 budget has been expanded by N10.14 trillion to N68.323 trillion, driven in large part by a windfall from Brent crude averaging $115 per barrel—nearly double the original budget benchmark of $64.85.
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Three Ministers, One Presidential Aide Resign from Tinubu Cabinet Ahead of 2027 Elections
A fresh round of political movements has reshaped President Bola Tinubu's cabinet as three ministers and a se-
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NGX Fines Five Brokerage Firms N291m for Market Manipulation, Orders Compliance Training
The Nigerian Exchange Limited (NGX) has sanctioned five brokerage firms for market manipulation
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The Business NG
Senate Approves President Tinubu's $6 Billion External Loan Request
It's Dangerous- Atiku Criticizes Tinubu, Senate Over Swift Loan
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The Business NG
Tax Filing Deadline Remains March 30, Penalties Clarified
•N70K Earners Hit with N100K Tax Penalty
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The Business NG
Nigeria's Highest-Paid CEOs: MTN N3.14B, GTBank N471M
The pay of top executives in Nigeria continues to highlight the stark con-
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The Business NG
Nigeria Bleeds $29B Annually from Power Failures - World Bank
The World Bank has estimated that unreliable electricity supply costs Nigeria a staggering $29 billion every year, representing roughly 2% of the nation's GDP.
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17 Governors Eye Second Term as 13 Approach Final Tenure Before 2027
As Nigeria gears up for the 2027 general elections, the spotlight is on the nation's 36 governors, whose political futures will significantly shape the next electoral cycle.
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Dangote Refinery Lowers Petrol Price to N1,200 per Litre Amid Global Oil Tensions
The Dangote Refinery has announced a reduction in its petrol gantry price by ₦175, bringing the cost down to ₦1,200 per litre, while the coastal price has been adjusted to
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Capital Uncertainty and Merger Talks Put Polaris, Unity Banks in Spotlight
Polaris Bank Limited is still under capital review, with its recapitalisation plans yet to be finalised due to an outstanding AMCON obligation and unresolved capital status.
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Stricter Primaries, Spending Limits: INEC Unveils Tougher Rules Ahead of 2027
The Independent National Electoral Commission (INEC) has unveiled a draft of revised regulations targeting opaque party primaries and unchecked campaign spending as Nigeria prepares for the 2027 general elections.
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