The BBC has revealed plans to eliminate up to 2,000 positions, marking its most significant workforce reduction since 2011. The cuts come amid severe financial pressures, including a £600 million cost-cutting initiative and declining license fee revenue.
The Transmission Company of Nigeria declares force majeure after a rainstorm collapses a key transmission tower, disrupting electricity supply across multiple states in the Southwest region.
Retirees of the Nigerian Ports Authority plan to shut down seaports nationwide in protest of over 16 years of unpaid pension benefits, citing constitutional violations and economic hardship.
Nigeria's debt service obligations surged in Q4 2025, with domestic payments reaching N2.28 trillion and external payments hitting $1.8 billion, driven by high interest costs and commercial debt.
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Tantita Security Services reports intensified operations in the Niger Delta led to 586 arrests and 125 court cases against oil theft, signaling a shift from arrests to prosecutions.
Nigerian billionaire Arthur Eze's Oranto Petroleum has sold a 75% stake in Sao Tome's Block 3 to Brazil's state-owned Petrobras, marking a significant shift in West African oil exploration. The deal aligns with Petrobras' $1.3 billion international strate
The House of Representatives Committee on Petroleum Resources (Downstream) hails Dangote Refinery's milestone, as Nigeria becomes a net exporter of refined petrol for the first time in March 2026, marking a major boost to the energy sector.
Armed sea pirates have abducted at least 20 passengers, including UTME candidates, from a ferry traveling between Calabar and Oron. The incident highlights growing security concerns on Nigeria's waterways.
Canadian Prime Minister Mark Carney warns that close economic ties with the US have become a vulnerability due to trade disruptions and tariffs, urging diversification for national sovereignty.
The Federal Competition and Consumer Protection Commission clarifies it has not banned airtime or data borrowing services, attributing disruptions to operator compliance issues with new regulations.
The Federal Government has refuted claims of revenue diversion while charging regional development commissions with economic diversification. Meanwhile, former VP Atiku Abubakar criticizes economic policies following IMF growth forecast downgrade.
Security experts highlight critical gaps in Nigeria's airport security, citing perimeter fencing issues and intelligence failures, as the government works to mitigate risks and boost tourism.
Minister of State for Industry, John Owan Enoh, has directed Flour Mills of Nigeria PLC to expand its Golden Sugar Company's annual output to 300,000 metric tonnes by 2030, as part of Nigeria's push for self-sufficiency in sugar production.
The Chartered Institute of Taxation of Nigeria (CITN) states that workers are reporting reduced monthly tax deductions since the new tax laws took effect in January. President Innocent Ohagwa highlights harmonization of state taxes and elimination of nuis
The National Insurance Commission warns that delays in claims payment and weak enforcement are eroding confidence in the regional ECOWAS Brown Card Insurance Scheme, calling for strict adherence to guidelines.
Rising energy and transportation costs in Nigeria, especially in Lagos, are forcing businesses to adopt remote and hybrid work models, leading to a mismatch in office space demand and supply, with vacancy rates increasing.
Prof. Banji Oyelaran-Oyeyinka calls for urgent action on Ajaokuta Steel, highlighting its potential to contribute $115 billion to GDP, conserve $9.1 billion in foreign exchange, and create 70,000 jobs.
Estate surveyors and valuers from NIESV have detailed strategies to align real estate development with infrastructure investments, emphasizing data-driven planning and sustainable urban growth in Nigeria.
AccessARM Pensions Limited's Acting CEO, Abimbola Sulaiman, assures the company will meet pension industry recapitalisation requirements early, using internal resources, as discussed at the Pension Conference 2026.
The World Bank's recommendation for Nigeria to resume petrol imports has ignited controversy, with critics arguing it conflicts with national laws and undermines domestic refining investments like Dangote Refinery.
Borno State Governor Babagana Umara Zulum has distributed 500 electric tricycles worth N1 billion to promote cleaner transportation and create employment for youth in Maiduguri and Jere.
Nigeria's all-commodity terms of trade increased by 0.01% in Q4 2025, with exports rising 0.12%. The NBS report details regional price changes and imports from France.
The Nigerian Exchange Limited saw the oil and gas sector lead gains with a 17.59% rise, driven by Aradel, Japaul Gold, and Seplat. Market capitalization increased by N8.67 trillion, with the all-share index up 6.56%.
The Nigeria Customs Service celebrates Superintendent Nafisat Balogun as the first female officer to earn a commercial multi-engine pilot license in the U.S., marking a breakthrough for gender inclusion in aviation.
This article explores Nigeria's 'Naira-for-Crude' policy, a key pillar of economic reform aimed at reducing dollar dependency for fuel imports. It analyzes the mechanics, risks, and implications of this functional de-dollarisation strategy.
Stanbic IBTC Bank has been confirmed as the platinum sponsor for the Global Trade Review West Africa 2026 conference in Lagos, bringing together over 400 trade finance professionals to discuss regional growth.
The parking rate at Murtala Muhammed Airport Terminal 2 has surged from N6,000 to N50,000 overnight, drawing criticism for its impact on travelers amid Nigeria's economic challenges.
The Nigerian Ports Authority and APM Terminals Apapa have initiated drug and alcohol testing for external truck drivers to enhance safety and risk management at the port, with three drivers found under the influence in recent screenings.
The Centre for the Promotion of Private Enterprise praises Nigeria's 2026 fiscal policy for boosting domestic production but warns import-dependent firms face higher costs and margin pressures.