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The Business NG
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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The Business NG
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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The Business NG
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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The Business NG
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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The Business NG
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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The Business NG
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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The Business NG
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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Dangote's Refinery Flooded with Orders as Fuel Crisis Looms
South Africa Negotiates 12-Month Fuel Deal with Dangote Refinery
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Nigeria's FX Market Sees 45% Surge in February Amid Strong Offshore Inflows
Nigeria's foreign exchange (FX) market recorded a significant boost in February 2026, with total inflows rising 45% month-on-month (MoM) to US$4.4 billion, marking the third consecutive month of improved market liquidity.
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Airtel Africa Propels NGX Rebound as Investors Gain N1.09 Trillion
Nigerian equities bounced back sharply on Tuesday, with Airtel Africa leading the charge with a 10% gain, driving a broad market recovery on the Nigerian Exchange (NGX).
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The Business NG
Nigeria Rises to Fourth on Global Terrorism Index as Attacks Surge 43% in 2025
Nigeria's ranking on the Global Terrorism Index (GTI) worsened in 2025, moving up two places from sixth in 2024 to fourth, following a sharp increase in terrorist activity across the country.
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Eid-el-Fitr: FG to Tackle Gas Shortage as Nigerians Express Frustration
As Nigerians prepare to celebrate Eid-el-Fitr, the Federal Government (FG) has stepped in to address the growing shortage of cooking gas across the country, a situation that has sparked frustration among households.
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The Business NG
FG Shuts Three Ogun Factories Over Safety Breaches, Rising Deaths"
The Federal Government of Nigeria has ordered the closure of three factories in Ogun State following reports of unsafe working conditions and a rising number of deaths among workers.
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The Business NG
Nigeria's Old Financial System Is 'Dead and Buried,' Cardoso Tells Investors
Nigeria's former financial system is \"dead and buried,\" according to Olayemi Cardoso, who told global investors in London that the country has entered a new phase of transparency and liquidity.
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Equity Investors Lose N900bn as NGX Index Slips Amid Pre-Sallah Selloffs
Nigerian equities suffered a sharp pullback this week, with investors losing over 900 billion in combined portfolio value as selloffs hit mediumand large-cap stocks ahead of the Islamic holiday.
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Bauchi Governor in Defection Talks as APC Woos PDP Governors' Forum Chair
Governor of Bauchi State, Bala Mohammed, is reportedly in discussions to defect from the opposition Peoples Democratic Party (PDP) to the ruling All Progressives Congress (APC), according to sources close to the matter.
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Probe N5.9bn Spent on NNPC Rebranding, SERAP Petitions Tinubu
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Ahmed Tinubu to direct an investigation into the alleged 5.9 billion spent on the rebranding of the Nigerian National Petroleum Corporation (NNPC) to the Nigerian National Petroleum Company Limited (NNPCL).
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The Business NG
After N4.05Trn Capital Raise, Investors Question Banks' Next Move
Nigeria's banking sector has largely concluded one of the most significant capital raising exercises in its history, but investors are now turning their attention to a more pressing question: how effectively the newly raised funds will be deployed.
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Lagos Governor Signs 2024 Electricity Law, Launches Regulatory Commission
Lagos State Governor, Babajide Sanwo-Olu, has officially signed the 2024 Electricity Law into effect and inaugurated the state's new electricity regulatory commission, marking a major step in strengthening power governance and regulation in Nigeria's commercial hub.
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Old Naira Notes Disappear from Nigeria's Streets Despite Remaining Legal Tender
Although Nigeria officially still recognizes the ₦5, ₦10, ₦20, and ₦50 notes as legal tender, these denominations have all but vanished from everyday transactions in markets and commercial hubs.
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Nigeria to Tax Informal Businesses at 1% of Annual Turnover in Major Reform
Informal businesses across Nigeria are set to begin paying a 1 per cent tax on their annual turnover as the Federal Government implements measures to broaden the nation's tax base under its 2025/2026 fiscal reform agenda.
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Nigeria's Economy Continues to Grow as CBN PMI Reaches 56.4 in February
Nigeria's economic activity continued to improve in February 2026, according to the latest Purchasing Managers' Index (PMI) released by the Central Bank of Nigeria (CBN).
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Nigerians Groan as Petrol Hits N1,040 in Lagos, N1,080 in Abuja
IPMAN seeks FG's intervention as PMS pump price hits high
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