FG Plans Renewed Hope Cities to Bridge Housing Deficit
The Federal Government plans to construct Renewed Hope Cities in all six geo-political zones to reduce Nigeria's housing deficit, with ongoing projects in 12 locations.
Category : Business
Aso Rock to quit national grid after N47bn power bill
Aso Villa plans to disconnect from the national grid and operate on solar power after an annual electricity bill of about N47 billion, officials have said.
FG to create more jobs with 10,000 tractors – Tinubu
President Tinubu assures that deploying 10,000 tractors via NADF will boost job creation and food production. The $70m first phase includes 2,000 John Deere tractors.
Petrol Prices May Fall in Nigeria as Crude Oil Drops to 3-Month Low
Brent crude falls to $85 per barrel, raising expectations of lower petrol prices in Nigeria. Increased supply and easing US-Iran tensions drive decline.
Ganvié Floating Market: Benin's Water City Near Nigeria
Discover Ganvié, the floating village on Lake Nokoue in Benin, where a vibrant market thrives on water. A unique cultural experience just a short distance from Nigeria.
FCCPC, NTDA Partner for Consumer Protection, Tourism Boost
The FCCPC and NTDA have signed an agreement to enhance consumer protection, raise service standards, and strengthen Nigeria's tourism sector through collaboration and reforms.
Kano Regazettes 371 Grazing Reserves Encroached by Farmers
Kano State regazettes 371 grazing reserves encroached by farmers after Governor Yusuf's executive order banning allocation. Fulani leaders commend the move to reduce herder-farmer clashes.
Stanbic IBTC Disclaims WhatsApp Investment Scheme
Stanbic IBTC Holdings warns public against a fraudulent WhatsApp scheme promising investment returns, says it is not affiliated.
Nigeria to Award Mining Grants for Research, Exploration
Nigeria announces mining grants to boost research and exploration, aiming to diversify the economy and attract investment in the solid minerals sector.
Nigeria Targets 2.5mbpd Oil Production: Minister
Nigeria's oil minister Heineken Lokpobiri reaffirms the 2.5 million barrels per day crude production target, citing sustained investment and exploration as key.
IMF, World Bank Wrong on Nigeria Poverty Data: Expert
Tope Fasua argues that IMF and World Bank poverty data for Nigeria is flawed, citing outdated statistics and ignoring local realities.
IMF Flags Risks in Nigeria's $5 Billion Derivative Deal
The IMF has raised concerns over Nigeria's planned $5 billion derivative transaction with First Abu Dhabi Bank, citing potential fiscal and financial stability risks.
NRS Launches REV360 for Easier Tax Compliance
The Nigerian Revenue Service introduces REV360, a digital platform designed to streamline tax filing, reduce bureaucracy, and enhance revenue collection across the country.
Premium Times Editor Selected for IAEA Programme
Oladeinde Olawoyin, business editor of Premium Times, has been selected for the IAEA programme in Vienna, joining global energy journalists.
NCAA Grounds Aircraft After Unauthorized Road Landing Near Asaba
The NCAA has grounded a private aircraft and suspended its permit after it landed on a roadway near Asaba and departed without clearance. All four crew members are safe, but regulatory violations are under investigation.
Keyamo condemns private aircraft's roadway landing in Delta
Aviation Minister Festus Keyamo describes the unauthorised landing and departure of a private aircraft on a road in Delta State as a serious breach of regulations and a national security concern.
Access Holdings Appoints New CEOs for Pension and Lending Units
Access Holdings Plc appoints Sa’adu Jijji as CEO of Access ARM Pensions and Abiodun Adigun as MD of Oxygen X Finance, with regulatory approvals secured.
S&P Flags Food Prices as Key Inflation Driver in Emerging Markets
S&P Global warns that rising food prices could fuel inflation across emerging markets, impacting economic stability and prompting policy responses.
Nigeria's Oil Output Exceeds OPEC Quota in May, Hits 15-Month High
Nigeria produced 1.53 million bpd of crude oil in May, surpassing its OPEC quota of 1.5 million bpd, marking the highest output in 15 months and reaffirming its top producer status in Africa.
Nigeria's Energy Transition: From Oil to Renewables
Nigeria must diversify from oil, leveraging renewables for job creation and economic sustainability, as the global energy transition offers a strategic opportunity for growth.
CBN Governor Cardoso Wins 2026 Central Bank of Year Award
Central Bank of Nigeria Governor Olayemi Cardoso received the 2026 Central Banking Central Bank of the Year Award in London, dedicating it to CBN staff and highlighting reforms.
CBN Revises Financial Holding Companies Guidelines
The Central Bank of Nigeria proposes revising financial holding company regulations to strengthen financial system resilience, with stakeholder input due by July 9.
Nigeria non-oil exports up 21%, 1,000 SMEs certified
President Tinubu announced Nigeria's non-oil exports grew 21% in 2024, with over 1,000 SMEs certified for export, as part of economic diversification efforts.
Access Holdings Eyes Dividend Resumption After 2025 Pause
Access Holdings chairman Aigboje Aig-Imoukhuede says the bank is working to meet CBN conditions to resume dividend payments, after pausing for 2025 despite record N743 billion profit.
AGHAN Halts Max Air Services Over N1 Billion Debt
Aviation Ground Handlers Association of Nigeria withdraws services from Max Air over alleged N1 billion unpaid debts, disrupting domestic flights nationwide.
Nigeria's Stablecoin Regulation: Balancing Innovation and Oversight
Nigeria faces a regulatory challenge as stablecoin adoption surges. The IMF recommends oversight to address risks without stifling innovation in Africa's leading digital economy.
How Lagos Built Nigeria's Most Competitive Economy
Lagos leads Nigeria's economy due to decades of reforms, infrastructure, innovation, and institutional continuity, as per the latest Phillips Consulting State Performance Index.
Sokoto Govt Approves N1.6bn for Fertiliser, Seeds
Sokoto State Executive Council approves N1.6 billion for fertilisers, seeds, and agrochemicals to support wet season farming, alongside loans for civil servants and healthcare upgrades.
Minimum Wage Debate: N215,997 Proposed Amid Economic Woes
As Nigeria prepares for minimum wage talks, labour proposes N215,997 based on dollar parity, while employers warn of economic realism. Structural hurdles persist.
Adelphe Connect: Empowering Women for Growth in Nigeria
Adelphe Connect, founded by Eloho Efemuai, empowers women in Nigeria through economic growth, workplace inclusion, and personal development, bridging gaps in support and fostering resilience.
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