Newspaper
The Business NG
Supreme Court Voids Status Quo Order, Sends David Mark-Led ADC Case Back to Trial Court
The Supreme Court of Nigeria has ordered that the leadership dispute involving the African Democratic Congress (ADC) and former Senate President David Mark be re-
1 min |
BusinessNg
The Business NG
University Crisis Looms as NASU, SSANU Declare Indefinite Nationwide Strike
Two major university unions in Nigeria have announced the commencement of an indefinite nationwide strike, raising fresh concerns about disruptions across higher institutions.
1 min |
BusinessNg
The Business NG
Rising Palm Oil Costs Threaten Food Price Stability in Nigeria
Nigeria is facing renewed pressure on food prices as global palm oil costs climb, driven by supply concerns in Indonesia and shifting market dynamics.
1 min |
BusinessNg
The Business NG
"I supported Gbenga Daniel's election as senator, but he's repaying me badly" - Gov. Abiodun
Ogun State Governor, Dapo Abiodun, has accused Senator Gbenga Daniel, who represents Ogun East in the National Assembly, of allegedly sponsoring negative media narratives against him.
1 min |
BusinessNg
The Business NG
Dangote Refinery Raises Petrol Price by N75 to N1,275 per Litre Amid Brent Crude af $114.80
Dangote Refinery has increased its ex-depot petrol price by 75 per litre, raising it from 1,200 to 1,275 per litre, in a fresh adjustment reflecting changes in global oil market conditions.
1 min |
BusinessNg
The Business NG
Nigeria's Growth Run Ends as Economy Slows After 16 Months of Expansion
Nigeria's Economy Contracts for First Time in 16 Months as PMI Falls Below Growth Level Nigeria's economy recorded its first slowdown in over a year in April 2026, as business activity slipped into contraction, according to data released by the Central Bank of Nigeria.
1 min |
BusinessNg
The Business NG
FG, SSANU Hold Last-Minute Talks as Union Threatens Nationwide University Shutdown
The Federal Government is making a fresh push to avert a looming shutdown of public universities as it prepares for emergency talks with the Senior Staff Association of Nigerian Universities (SSA-
1 min |
BusinessNg
The Business NG
Reps Approve $516m Loan for Sokoto-Badagry Superhighway Project
The House of Representatives has approved President Bola Ahmed Tinubu’s request for a $516,333,007 foreign loan to finance sections of the Sokoto-Badagry Superhighway project.
1 min |
BusinessNg
The Business NG
Oil Prices Surge Above $111 as UAE Quits OPEC, Shakes Global Energy Market
Global crude oil prices rallied sharply on Tuesday, with Brent crude climbing above $111 per barrel following the United Arab Emirates' decision to exit the Organization of the Petroleum Exporting Countries (OPEC).
1 min |
BusinessNg
The Business NG
$15M Wiped Off Jaiz Bank Stake as Value Falls from $41M to Below $30M in 62 Days
A sharp downturn on the Nigerian Exchange has significantly reduced the value of an indirect investment linked to Nigerian banker and lawyer Sa'adat Mohammed, as market pressures hit banking stocks.
1 min |
BusinessNg
The Business NG
Each Nigerian Owes About N338,700 as External Debt Hits N78 Trillion
Nigeria's external debt has risen to approximately N78 trillion, reflecting a continued increase in government borrowing to finance infrastructure and development projects across the country.
1 min |
BusinessNg
The Business NG
NGX Slams N562.6 Million Penalty on 32 Firms Over Financial Reporting Breaches
The Nigerian Exchange Limited (NGX) has imposed a total of N562.6 million in fines on 32 listed companies for failing to meet required deadlines for submitting their audited and unaudited financial statements during the 2024/2025 financial year.
1 min |
BusinessNg
The Business NG
GTCO, MTN, Zenith Bank, Others Set for Dividend Payouts as Investors Await Cash Rewards
A wave of dividend payments from leading Nigerian listed companies is set to hit investors’ accounts this week, with major firms including Guaranty Trust Holding Company Plc, MTN Nigeria Communications Plc, and Zenith Bank Plc among those scheduled to reward shareholders.
1 min |
BusinessNg
The Business NG
Sanwo-Olu Endorses Deputy Hamzat for 2027 Governorship Race
A major political signal emerged from Lagos on Sunday as Governor Babajide Sanwo-Olu openly endorsed his deputy, Obafemi Hamzat, as his preferred successor in the 2027 governorship race, setting the tone early for what is expected to be a closely watched succession battle in Nigeria's commercial capital.
1 min |
BusinessNg
The Business NG
NGX Soars Past 225,000 as UACN, Lafarge Lead Market Rally in Record-Breaking Week
The Nigerian equities market extended its bullish run last week as the Nigerian Exchange Limited (NGX) surged to new highs, driven by strong investor demand and impressive performances from key large-cap and mid-tier stocks.
1 min |
BusinessNg
The Business NG
Concerns Mount as FG Unveils 'Green Tax' on SUVs, High-Engine Vehicles from July 2026
Nigeria is set to introduce a new “green tax” on high-emission vehicles beginning July 1, 2026, in a policy move designed to promote environmental sustainability but already generating mixed reactions from stakeholders and policy analysts.
1 min |
BusinessNg
The Business NG
Nigeria's Non-Oil Exports Surge 38% as Customs Records $925.8m at Lilypond in Q1
Nigeria's push to diversify its economy away from crude oil is gathering pace, with the Nigeria Customs Service reporting a strong performance in non-oil exports at the Lilypond Export Command in the first quarter of 2026.
1 min |
BusinessNg
The Business NG
Yam Prices Surge Across Lagos as Transport Costs, Supply Gaps Bite
Traders across Lagos are reporting a steady rise in yam prices, with market operators pointing to a mix of logistical and seasonal pressures driving the increase.
1 min |
BusinessNg
The Business NG
Finance Ministry in Flux Amid Frequent Ministerial Shifts Over Three Months
Nigeria's Federal Ministry of Finance has come under scrutiny following a series of rapid leadership changes that have seen multiple ministers of state reportedly occupy the role within a span of just three months.
1 min |
BusinessNg
The Business NG
Electricity Shake-Up Looms as Adelabu Advises FG on Cost-Reflective Tariffs
A major shakeup may be coming to Nigeria's power sector as the Minister of Power, Adebayo Adelabu, has advised the Federal Government to adopt cost-reflective electricity tariffs and begin the recapitalisation of electricity distribution companies (DisCos).
1 min |
BusinessNg
The Business NG
Nigeria's Debt Hits N80.5 Trillion as Spending Outpaces Earnings
Nigeria's domestic debt has risen to 80.5 trillion as of the fourth quarter of 2025, reflecting growing pressure on public finances as government
1 min |
BusinessNg
The Business NG
Over 360,000 Applicants Disqualified as FG Releases Paramilitary Recruitment Results, Reopens Portal
The Federal Government has disqualified more than 360,000 applicants from the ongoing recruitment exercise into Nigeria's paramilitary services following the release of examination results by the Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB).
1 min |
BusinessNg
The Business NG
High Imported Car Prices Persist Despite Federal Government Tariff Reduction
Nigeria's reduction of import tariffs on vehicles to 40 percent under its latest fiscal policy measures was expected to ease pressure on car buyers and signal a new phase of affordability in the auto market.
1 min |
BusinessNg
The Business NG
Nigeria's Healthcare System Under Pressure as 4,691 Doctors Move to UK in Three Years
GMC Data
1 min |
BusinessNg
The Business NG
How Fiscal Truths Led to Wale Edun's Exit from Cabinet
The removal of Wale Edun as Minister of Finance and Coordinating Minister of the Economy on April 21, 2026, has been officially framed as part of a routine cabinet reshuffle aimed at improving economic coordination.
1 min |
BusinessNg
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
1 min |
BusinessNg
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.
1 min |
BusinessNg
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.
1 min |
BusinessNg
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.
1 min |
BusinessNg
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.
1 min |