The African Refiners & Distributors Association (ARDA) warns that Africa's industrialization ambitions hinge on resilient energy supply chains, calling for urgent investments in refining, storage, and distribution infrastructure to address vulnerabilities
The Lagos State House of Assembly's proposal to relocate Makoko, Oko-Agbon, and Sogunro residents to Agbowa and Epe raises critical questions about equity, inclusion, and sustainable development. Critics argue it risks deepening poverty and insecurity, ad
The Nigerian Shippers' Council has approved a tariff adjustment of 10-20% for terminal operators and shipping companies, citing legal mandates and economic considerations to balance operational costs with national trade competitiveness.
Residents and motorists in Ogun State express frustration over the slow pace and substandard construction of the Ota-Idiroko highway, citing inadequate manpower and poor drainage. Federal officials assure completion by 2028.
As yields remain elevated in Nigeria's fixed-income market, investors are increasingly turning to Federal Government bonds to lock in attractive returns ahead of potential interest rate shifts, with coupon rates reaching up to 19%.
NAHCO Plc declares a N12.18 billion cash dividend and 278.44 million bonus shares for 2025, with revenue and profits showing significant growth compared to 2024.
Nigeria's crude oil production increased to 1.38 million barrels per day in March 2026, marking a 5.25% rise from February but still below OPEC's quota of 1.5 million bpd.
The Lagos State Internal Revenue Service has extended the tax filing deadline to April 21, 2026, due to high traffic on its eTax platform, urging residents to comply electronically.
Mikano International Limited has strongly refuted false reports linking its Chairman, Mofid Karameh, to criminal activities, calling them defamatory and baseless.
The Nigerian Electricity Regulatory Commission has issued the Mini-Grid Regulations 2026 to accelerate electrification in underserved areas, enhance investor confidence, and regulate decentralized power systems up to 10MW.
Nigeria has signed a $1 billion MoU with India's Rashmi Metaliks Group to enhance steel production, aiming to reduce imports and create jobs under Tinubu's reforms.
The Funke Fadeni Foundation has provided rice and financial aid to over 4,000 underprivileged women in Ondo City, marking the 10th anniversary of its founder's mother. The initiative aims to support widows and single mothers.
Nigeria's monthly revenue has surged from N711 billion to over N3.6 trillion, a 411% growth, due to President Tinubu's economic reforms, according to the NRS chairman. The reforms include subsidy removal and forex unification.
The Federal Government justifies Nigeria's current petrol price, stating it is approximately 50% lower than the global average due to economic reforms and local refining efforts under President Tinubu's administration.
Official data reveals Nigeria's petrol imports skyrocketed by 96.7% from February to March 2026, even as domestic production increased. Stock sufficiency dropped significantly while consumption declined due to rising fuel prices.
Nigeria has secured the 8th position among African countries with the lowest petrol prices in April 2026, according to Global Petrol Prices data. Despite this ranking, domestic fuel costs have risen significantly, with prices exceeding N1,200 per litre.
A dispute between air traffic controllers and engineers in Nigeria highlights conflicting views on aviation safety, with controllers warning of outdated systems and engineers citing recent upgrades.
A Nigerian tricycle operator reveals how converting to an electric vehicle increased his daily profit, eliminated fuel queues, and helped him support his family amid rising petrol prices.
Dangote Petroleum Refinery is preparing to launch Africa's largest IPO, potentially raising $5 billion. The offering could reshape investment flows and boost Nigeria's economy significantly.
The IMF projects Nigeria's GDP growth to reach 4.3% in 2027, up from 4.1% in 2026, despite global risks from Middle East conflict and inflation pressures.
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SAM Pharmaceutical Limited celebrates its 55th anniversary by commissioning a cutting-edge pharmaceutical manufacturing facility in Ota, Ogun State, enhancing production capacity and supporting Nigeria's healthcare sector.
The Central Securities Clearing System has overhauled its fee structure for 2026, with OTC trade fees surging 3,233% and custody charges shifting to asset-based pricing, impacting brokers and investors.
Carloha Nigeria, the authorized distributor of Chery vehicles, successfully organized the Chery Emerging Leaders Football Tournament in Lagos to enhance teamwork and leadership among employees through sportsmanship.
The Food and Beverage Recycling Alliance warns that a ban on single-use plastics could harm the economy and environment, advocating for investment in recycling infrastructure instead.
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While Africa's public sector shows significant growth in 2026 through infrastructure and digital spending, this expansion is heavily debt-funded and faces structural risks including currency vulnerability, institutional weaknesses, and corruption challeng
PETROAN supports World Bank call for petrol import licence reinstatement to boost competition and stabilise fuel prices, as Dangote Refinery announces new pricing.
Discover five essential facts about Victor Glover, the only Black man on NASA's Artemis 2 crew, including his family background, education, and historic space achievements.
A Nigerian man received N4.8 million in error via OPay and is hesitant to refund due to suspicious account details from the caller, sparking online debate and safety concerns.
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A Paris court has found global cement company Lafarge guilty of financing ISIS and other militant groups to maintain operations in Syria, with executives receiving prison sentences.
The Nigerian naira appreciated to N1,356.19 per dollar in the official market, gaining 70 kobo. It also strengthened against the pound sterling and euro, while interbank turnover surged.