Business & Economy

CBN, Finance Ministry Move To End Fiscal-Monetary Policy Disconnect

adminSeptember 18, 2026

The Federal Government and the Central Bank of Nigeria (CBN) have moved to bring government spending and monetary policy decisions closer together, with the signing of a new agreement aimed at improving coordination of the country’s economic management. The CBN Governor, Olayemi Cardoso, and the Minister of Finance and Coordinating Minister of the Economy, Taiwo...

ARCON Flags Fake Naira Refinery Investment Scheme Using Tinubu, Dangote Images

adminSeptember 18, 2026

The Advertising Regulatory Council of Nigeria (ARCON) has warned Nigerians against a fraudulent online investment advertisement allegedly using the images of President Bola Ahmed Tinubu, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and Dangote Group Chairman, Aliko Dangote, to attract unsuspecting investors. ARCON Director-General, Dr Olalekan Fadolapo, who disclosed this in...

Tinubu Sets 180-Day Target For Nigeria’s Digital Free Zones

adminSeptember 18, 2026

President Bola Tinubu has directed the Federal Government to produce a roadmap for the full rollout of Nigeria’s Digital Free Zones within 180 days, as the administration moves to create a business environment tailored to technology and digitally driven companies. The directive places the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, at the...

Mambilla: Nigeria Escapes $2.35bn Liability, Secures Legal Cost Recovery

adminSeptember 18, 2026

Nigeria has avoided a potential $2.35 billion liability after an International Chamber of Commerce (ICC) tribunal in Paris dismissed claims brought by Sunrise Power and Transmission Company Limited over the long-disputed Mambilla Hydroelectric Power Project in Taraba State. The tribunal also rejected a separate $400 million claim arising from a 2020 settlement agreement, bringing an...

We Have Achieved 18 Hour Power Supply in Some Areas, Says Tegbe

adminSeptember 18, 2026

Electricity supply has risen to as much as 18 hours daily in some parts of Nigeria that previously endured months of outages, Minister of Power, Joseph Tegbe, has said. Tegbe disclosed this on Wednesday in Abuja while speaking at the commissioning of a 3-megawatt solar hybrid power project at Yakubu Gowon University, formerly the University...

SAN Seeks Insurance Integration Into Government Processes

adminSeptember 17, 2026

Senior Advocate of Nigeria, Dr Omogbai Omo-Eboh, has called for insurance to be embedded in Nigeria’s public administration and fiscal planning, arguing that government can reduce unexpected financial burdens by adequately covering its assets, infrastructure and workforce. Punch reported that Omo-Eboh made the proposal at the second All-Inclusive Mass Media Training for Journalists organised by...

Dangote Refinery May Expand Public Offer If IPO Is Oversubscribed

adminSeptember 16, 2026

Dangote Petroleum Refinery may increase the portion of its shares available to investors if demand exceeds the number currently on offer under its ongoing public offering. According to Legit.ng, Aliko Dangote disclosed the possibility during an interview with Arise News on Tuesday, saying the refinery could release an additional 30 per cent of its shares...

Dangote Vaults Into World’s Top 40 As Refinery Valuation Sends Fortune To $51.3bn

adminSeptember 15, 2026

Africa’s richest man, Aliko Dangote, has made one of the biggest jumps on the global wealth rankings after Forbes placed his fortune at $51.3 billion, moving him from about 76th position to 36th among the world’s richest people. The dramatic increase is linked largely to the new valuation of his Lagos-based Dangote Petroleum Refinery and...

Fuel Price Hike: Abuja Commuters Trek As Transport Fares Jump

adminSeptember 15, 2026

Rising petrol prices are beginning to alter daily movement in Abuja, with commuters facing sharply higher fares and some residents abandoning commercial vehicles for trekking as the cost of transportation rises. The impact was evident in several parts of the Federal Capital Territory on Tuesday, where passengers at bus stops struggled to find affordable rides...

Lagos Traders Fear Chinese Retail Expansion Could Push Them Out Of Business

adminSeptember 15, 2026

Fears of losing their businesses to intensifying competition from Chinese nationals have driven traders at the Lagos Trade Fair Complex to stage a peaceful protest against what they described as the growing takeover of retail trading by foreign operators. The traders, who protested at markets within the Trade Fair Complex along the Lagos-Badagry Expressway, alleged...

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