News at the speed of light
The African Democratic Congress (ADC) is demanding a full forensic audit—financial, technical, and structural—of Nigeria’s state‑owned refineries before any consideration of their sale. The party asserts that nearly…
High interest rates have overtaken insecurity and unreliable power as the chief obstacle for Nigerian businesses, according to the Central Bank of Nigeria’s June 2025 Business Expectation Survey.…
Akwa Ibom State has reaffirmed its ownership of 76 Oil wells following a series of statements by officials of the neighbouring Cross River State. In a press statement…
The Federal Government has reaffirmed its commitment to bridging Nigeria’s capital gap, expanding market access, and strengthening local production capacity as part of a comprehensive strategy to reposition…
The Economic and Financial Crimes Commission (EFCC) is investigating a woman arrested at Murtala Muhammed International Airport in Lagos after attempting to board a flight to the United…
The Central Bank of Nigeria has confirmed that eight commercial banks have successfully met the new minimum capital requirements set under its ongoing recapitalisation programme. This announcement was…
The Securities and Exchange Commission (SEC) has set its sights on unlocking a potential $500 billion from the commoditisation of agricultural and mineral resources through the institutionalisation of…
Nigeria’s agricultural sector has seen a modest rebound in its contribution to the nation’s Gross Domestic Product (GDP), accounting for 23.33% of total output in the first quarter…
A member of the Central Bank of Nigeria’s Monetary Policy Committee, Murtala Sagagi, has projected that the naira is likely to strengthen to ₦1,450 against the US dollar by…
A growing chorus of analysts and civil society voices is branding the Central Bank of Nigeria’s handling of surplus naira as deliberate economic sabotage. Critics argue that the…
