Nigeria Ranks Sixth in Global Outsourcing Talent Index

Nigeria has secured the sixth position in the 2026 Ataraxis Global Outsourcing Talent Index, driven by strong English proficiency and competitive labor costs. The report highlights Africa's rising dominance in the global outsourcing market.

Investors Gain N2.28 Trillion as NGX Market Rallies

The Nigerian Exchange Limited (NGX) saw a massive rally, adding N2.28 trillion in value, with the market capitalisation crossing N134 trillion. Blue-chip stocks like Airtel Africa and MTN Nigeria led the gains.

NDIC Finalizes Liquidation of 89 Closed MFBs and PMBs

The Nigeria Deposit Insurance Corporation has started the final phase of liquidating 89 microfinance and primary mortgage banks, following their licence revocations in 2023, with successor institutions now operational.

Niger Delta: $226B Loss from Ogoni Oil Shutdown

Stakeholders in the Niger Delta reveal Nigeria has lost over $226 billion due to the prolonged shutdown of oil operations in Ogoniland since 1993, urging a restart with community involvement and environmental safeguards.

Africa Seeks $120B for Six Dangote-Scale Refineries

African energy stakeholders aim to raise $120 billion to build six refineries comparable to Dangote's, addressing supply disruptions and reducing import dependence, while global coal demand surges due to LNG constraints.

33 States and FCT at High Flood Risk in 2026, FG Warns

The Nigerian Federal Government has issued a dire warning that 33 states and the Federal Capital Territory face severe flooding in 2026, with over 14,000 communities at high risk. The Annual Flood Outlook predicts devastating impacts on agriculture, infra

NIESV Conference to Shape Nigeria's Real Estate Sector

The 56th annual conference of the Nigerian Institution of Estate Surveyors and Valuers in Umuahia aims to redefine real estate development through infrastructure corridors, connectivity, and capital flow, with Governor Alex Otti pledging state partnership

Dangote Makes TIME 100 Again, Joins Global Power List

Aliko Dangote, CEO of Dangote Group, has been named to the TIME 100 Most Influential People for 2026, marking his second inclusion since 2014. He joins global leaders and innovators in categories like Titans and Pioneers, highlighting his impact on Africa

Inflation Rises to 15.38% in March, 10 States Top List

Nigeria's inflation rate increased to 15.38% in March 2026, with ten states recording the highest levels nationwide. The National Bureau of Statistics reported persistent price pressures across food and non-food sectors.

CBN Proposes 30-Member Mediation Panel for Loan Disputes

The Central Bank of Nigeria has released draft guidelines for a Mediation and Dispute Resolution Panel to handle disputes between customers and banks, aiming to boost consumer protection and financial system confidence under the STMA Act.

CBN Proposes Mediation Panel for Loan Disputes

The Central Bank of Nigeria has proposed a mediation panel to handle loan-related disputes under the Secured Transactions in Movable Assets Act, aiming to provide a cost-effective alternative to court proceedings and strengthen the financial ecosystem.

FG Gives NEMSA Two Years to Exit Government Payroll

The Federal Government has directed the Nigerian Electricity Management Service Agency to become financially independent within two years, requiring it to generate its own revenue for operations and salaries.

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