Newspaper
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 |
BusinessNg
The Business NG
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.
1 min |
BusinessNg
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-
1 min |
BusinessNg
The Business NG
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-
1 min |
BusinessNg
The Business NG
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-
1 min |
BusinessNg
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.
1 min |
BusinessNg
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.
1 min |
BusinessNg
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.
1 min |
BusinessNg
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.
1 min |
BusinessNg
The Business NG
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.
1 min |
BusinessNg
The Business NG
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.
1 min |
BusinessNg
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.
1 min |
BusinessNg
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.
1 min |
BusinessNg
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.
1 min |
BusinessNg
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-
1 min |
BusinessNg
The Business NG
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.
1 min |
BusinessNg
The Business NG
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-
1 min |
BusinessNg
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
1 min |
BusinessNg
The Business NG
Senate Approves President Tinubu's $6 Billion External Loan Request
It's Dangerous- Atiku Criticizes Tinubu, Senate Over Swift Loan
1 min |
BusinessNg
The Business NG
Tax Filing Deadline Remains March 30, Penalties Clarified
•N70K Earners Hit with N100K Tax Penalty
1 min |
BusinessNg
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-
1 min |
BusinessNg
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.
1 min |