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Sixth State for South-East Gains Senate Backing

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The BusinessNG

Hopes of correcting Nigeria's long-standing geopolitical imbalance gained traction this week as the Senate passed a bill seeking to create a sixth state in the South-East through its second reading.

The bill, sponsored by Senator Osita Izunaso (Imo West), proposes the creation of Anim State from parts of Imo and Anambra States.

while marking his two years in office, Izunaso described the move as a constitutional necessity, not a political favour.

MEER VERHALEN VAN The Business NG

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Nigerians Still Feeling Price Pressures Despite Falling Inflation

Despite Nigeria's headline inflation rate falling to 16.05 per cent in October, the cost of living for ordinary households remains steep, the Centre for the Promotion of Private Enterprise (CPPE) has warned.

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1 min

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PDP Crisis Boils Over in Abuja

•Wike Allies Sacked Makinde, Bala Over 'Anti-Party

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1 min

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Lagos N200b bond Oversubscribed by 55% at N310Billion

•N14.8b Green Bond attracts N29.29Billion or 97.7% over subscription

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1 min

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The Business NG

Healthcare Crisis Deepens: HMO Premiums Spike 59% in One Year

Nigeria's healthcare system is undergoing major financial strain, as escalating drug prices and higher hospital operating costs force Health Maintenance Organisations (HMOs) to implement steep increases in insurance premiums—ranging from 8% to as high as 59% across different plans.

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1 min

The BusinessNG

The Business NG

PDP Crisis Deepens as Plateau, Adamawa Governors Reject Wike Expulsion

Tension within the Peoples Democratic Party (PDP) escalated over the weekend as Plateau State Governor Caleb Mutfwang and Adamawa State Governor Ahmadu Fintiri distanced themselves from the party's decision to expel key leaders, including Nyesom Wike, Minister of the Federal Capital Territory (FCT).

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1 min

The BusinessNG

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Recapitalisation: Bank Rights Issues May Affect Dividend Payouts, Analysts Warn

The ongoing banking sector recapitalisation exercise continues to shape investor sentiment in Nigeria, with market analysts cautioning that recent equity raises could exert short-term pressure on earnings per share (EPS) across the sector.

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1 min

The BusinessNG

The Business NG

Reps Order Suspension of WAEC CBT Rollout for 2026 Exams

The House of Representatives has urged the Federal Government to halt the plan by the West African Examinations Council (WAEC) to implement Computer-Based Testing (CBT) for the 2026 West African Senior School Certificate Examination (WASSCE).

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1 min

The BusinessNG

The Business NG

FG Suspends 15% Fuel Import Duty, Assures Adequate Supply Nationwide

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has announced the suspension of the proposed 15% ad-valorem import duty on Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO), commonly known as petrol and diesel.

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1 min

The BusinessNG

The Business NG

Food Crisis Looms as Farmers Battle Rising Costs

Naira Strengthens to N1,441 as FX Pressures Ease

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1 min

The BusinessNG

The Business NG

Senate Bans Recruitment of Under-18 Soldiers

The Senate has taken a major step to outlaw the recruitment of persons under the age of 18 into Nigeria's military, passing the Armed Forces (Repeal and Reenactment) Bill, 2025, for second reading.

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1 min

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