European energy officials are scrambling for alternative suppliers after strikes on QatarEnergy’s Ras Laffan facility forced the company to declare force majeure on liquefied natural gas contracts with Belgium, Italy, and Poland. Nigeria consistently tops their shortlists. With Africa’s largest proven gas reserves and Atlantic shipping routes completely insulated from the chaos enveloping the Strait […] read more Nigeria’s gas riches lure Europe, but pipelines aren’t ready

The one-month war in Iran cost Arab countries up to $194bn The United Nations Development Programme has warned that the US-Israel war on Iran is inflicting severe economic damage across Arab economies, with losses estimated between $120bn and $194bn after just one month of conflict. According to the report, regional GDP could shrink by up […] read more WORLD IN BRIEF: Iran war costs, Wolf attack in Germany, South Africa fuel levy cut and other stories

Nearly two decades after the 2004 recapitalisation that reshaped Nigeria’s banking sector and cut the number of banks from 89 to 25, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, signalled another round in November 2023. By March 2024, the policy was formalised, with a 24-month compliance window from April 1, 2024 to March 31, […] read more How Nigerian banks defied odds to raise N4.6trn in 2yrs

The first quarter (Q1) of 2026 has officially rewritten the record books for the Nigerian Exchange Limited (NGX), delivering a staggering N29.83trillion gain for equity investors. This circa N30trillion, biggest first quarter gain in Nigeria’s stock history, was driven by corporate earnings and reform optimism – like the just ended banking sector recapitalisation. The record […] read more Stocks N30trn Q1 gain biggest in Nigeria’s history

As the 2026 election season heats up, three ministers have resigned from President Bola Tinubu’s administration in anticipation of a strict presidential directive requiring politically ambitious appointees seeking governorship ambition to step down. Adelabu Adelabu, Minister of Power, was the latest candidate to tender his resignation on Tuesday evening to pursue his 2027 governorship ambitions […] read more Three Tinubu ministers resign ahead of election directive

BY NKECHI NAECHE-ESEZOBOR—The National Pension Commission (PenCom) has announced the commencement of health insurance coverage for the first set of low-income retirees under the Contributory Pension Scheme (CPS), with beneficiaries expected to begin receiving coverage this week. The initiative, described as a major welfare milestone, is aimed at providing critical medical support for vulnerable retirees […] The post PenCom Begins Health Insurance for Low-Income CPS Retirees This Week appeared first on Business Today NG.

Nigeria’s women entrepreneurs are increasingly ready to scale their businesses, but limited access to finance, governance skills and structured support systems continues to slow the transition from small ventures to lasting enterprises. Across Nigeria, women own roughly 40 percent to 50 percent of small businesses and operate millions of enterprises ranging from informal market stalls […] read more Nigeria’s women entrepreneurs eye expansion as skills, capital gap persists

The Bank of Industry (BOI) and European Investment Bank (EIB) recently announced a €50 million financing initiative aimed at strengthening Nigeria’s healthcare and pharmaceutical value chain. The funding, according to the statement, is designed to improve access to long-term financing for healthcare and pharmaceutical enterprises, support the expansion of local manufacturing capacity, and enhance supply […] read more BOI, EIB secures €50m fund to boost Nigeria’s healthcare, pharma value chain

Standard Chartered Bank Nigeria Ltd and Stanbic IBTC Bank Plc dominated capital inflows into Nigeria’s banking sector in 2025, according to data released by the National Bureau of Statistics (NBS). In 2025, total capital inflows into Nigeria increased to its highest level in seven years, to $23.21 billion in 2025 from $12.31 billion in 2024. […] read more Standard Chartered, Stanbic IBTC lead foreign inflows into Nigeria in 2025

Nigeria recorded a sharp reduction in the gender gap in mobile money account ownership in 2025, even as disparities persist globally between awareness and actual usage, according to a new report by the GSMA. The State of the Industry Report on Mobile Money 2026, Nigeria, however, stands out for its progress. The gender gap in […] read more Nigeria drives financial inclusion gains as mobile money gender gap shrinks

A fresh wave of defections hit the House of Representatives on Tuesday, with 27 lawmakers switching parties ahead of primaries for the 2027 general elections. The All Progressives Congress (APC) emerged as the biggest beneficiary, gaining 14 members, including Aliu Madaki, the deputy minority leader, who defected from the New Nigeria Peoples Party (NNPP) representing […] read more Rain of defections: APC gains 14, ADC 9 in House of Reps shake-up

BY NKECHI NAECHE-ESEZOBOR —The National Pension Commission (PenCom) has stepped up enforcement measures against employers who fail to remit pension contributions, signalling a more aggressive compliance stance across both the public and private sectors. The Commission disclosed plans to collaborate with regulatory bodies and anti-corruption agencies to ensure full remittance, while also considering stricter sanctions, […] The post Pension Defaulters Face Public Naming as PenCom Steps Up Enforcements appeared first on Business Today NG.

Nigeria’s Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has raised the price of natural gas sold to power generation companies by five cents, a modest adjustment that nonetheless lands on an electricity sector already strained by billions of dollars in accumulated debt. The NMDPRA said in a circular on Tuesday that the new domestic base […] read more Nigeria raises gas price for power companies to $2.18/MMBtu

The Federal Ministry of Water Resources and Sanitation, in partnership with Nestlé Nigeria Plc, UNICEF, WaterAid and the Society for Family Health, SFH on Tuesday launched the National Water Quality Handbook aimed at strengthening regulatory standards, improving compliance, and catalyzing investment in Nigeria’s water sector. Speaking at the 2026 Annual Water Quality Conference, in Abuja, tagged […] read more FG, Nestlé, others launch water handbook to drive standards, unlock economic benefits

Tottenham Hotspur have confirmed the appointment of Roberto De Zerbi as their new permanent manager, making him the club’s third head coach of the season as they battle to avoid relegation. The Italian takes charge immediately, signing a reported five-year deal after leaving Marseille in February. Spurs accelerated negotiations to secure his services now rather […] read more Tottenham turn to De Zerbi in relegation fight

The Super Eagles of Nigeria wrapped up their March international window with a pulsating 2–2 draw against Jordan at the Mardan Sports Complex in Antalya, Turkey, on Tuesday night. In a contest marked by key milestones and a late red card, Éric Chelle’s side showed attacking promise but were ultimately pegged back by a resilient […] read more Iwobi sees red as Jordan hold Super Eagles in thrilling draw

The Super Eagles of Nigeria wrapped up their March international window with a pulsating 2–2 draw against Jordan at the Mardan Sports Complex in Antalya, Turkey, on Tuesday night. In a contest marked by key milestones and a late red card, Éric Chelle’s side showed attacking promise but were ultimately pegged back by a resilient […] read more Super Eagles held 2-2 by Jordan in Antalya friendly

Both chambers of the National Assembly on Tuesday approved for third reading a total budget of N68.3 trillion for the 2026 fiscal year, marking a significant increase of N9 trillion over the N58.47 trillion initially proposed by President Bola Tinubu in December 2025. The upward review reflects adjustments made to the original proposal by the […] read more National Assembly passes N68.3tn 2026 budget for third reading

Nigeria’s drive toward Universal Health Coverage (UHC) is gaining momentum as the National Health Insurance Authority (NHIA) ramps up reforms aimed at expanding access, improving quality, and reducing the financial burden of healthcare on citizens. This push was reinforced at the conclusion of the Health Innovation Leadership Academy (HILA) in Lagos, a capacity-building initiative delivered […] read more NHIA, Roche deepen reform push to accelerate universal health coverage

The Plateau State Government has announced the relaxation of the 48-hour curfew imposed on Jos North Local Government Area following the recent violent attack on residents of Angwan Rukuba, citing improved security and relative calm in the area. The decision is aimed at allowing residents to gradually resume normal activities under monitored conditions. In a […] read more Plateau eases Jos North curfew after calm returns

Nigerian consumers are increasingly using their smartphone cameras and artificial intelligence tools to discover products and businesses, a shift that is changing how companies market themselves online, according to Olumide Balogun, director at Google West Africa. In a recent commentary on digital trends, Balogun said the traditional way of typing searches into a browser is […] read more Nigerian shoppers turn cameras into search tools as AI use surges

…pay tributes to fallen heroes ..as B/Haram kills nine in Chibok village ​Christopher Musa, the defense minister has reiterated that measures are in place to address the insecurity bedevilling the country, ordering frontline troops to eliminate terrorists on sight without waiting for further instruction. ​Musa and State Minister for Defence Bello Matawalle disclosed this during […] read more ‘Eliminate terrorists on sight,’ Defence Minister orders frontline troops

Godswill Akpabio, the Senate President on Tuesday announced vacancies in three senatorial districts following the deaths of members of the 10th Senate. The affected seats are, Enugu North, previously represented by Okechukwu Ezea; Nasarawa North, formerly held by Godiya Akwashiki and Rivers South-East, represented until his death by Barry Mpigi. Akpabio made the declaration during […] read more Akpabio declares three seats vacant after lawmakers’ deaths

…As media urged to track corporate risks Nigeria is moving toward mandatory Environmental, Social and Governance (ESG) reporting for companies by 2028, as sustainability experts urge journalists and editors to closely track corporate risks, climate exposure and governance practices that could affect businesses and the wider economy. Speaking at the ESG Awareness Training organised for […] read more Nigeria moves toward mandatory ESG reporting by 2028

For just over eighty years, the United States led a global order in which certain rules were understood if not always followed: international law constrained the behaviour of even the most powerful, and the United Nations provided a forum, however imperfect, for resolving disputes. Building on a principle agreed at the Peace of Westphalia in […] read more A world unraveling: War, power, and the collapse of global rules

Nigeria has secured approvals or ‘agrément’ from ten countries to appoint ambassadorial nominees, as these diplomatic roles have remained vacant for an extended period, according to Kimiebi Ebienfa, spokesperson for the Ministry of Foreign Affairs. The countries include the United Kingdom, France, the United States, and others. Ebienfa disclosed the development in a statement, even […] read more Ambassadorial nominees: Nigeria secures approval from 10 countries

The Lagos State Government will introduce a reward system for local governments that excel in the reintroduced monthly environmental sanitation exercise, as part of efforts to boost compliance and improve waste management across the state. Tokunbo Wahab, commissioner for Environment and Water Resources, disclosed this at a stakeholders’ meeting with chairmen of the 57 Local […] read more Lagos bets on councils to drive monthly sanitation, unveils reward for top-performers

Nigeria’s state oil company is set to supply seven crude cargoes to the Dangote refinery in May, a significant jump from the five allocated in prior months, as the conflict in Iran drives up fuel prices and forces refiners across the globe to scramble for available barrels, according to two trade sources and a refinery […] read more Dangote Refinery to receive seven NNPC crude cargoes in May

Guaranty Trust Holding Company Plc (GTCO) has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2025. The Group’s results released to the Nigerian Exchange Limited (NGX) and London Stock Exchange (LSE) showed it reported profit before tax (PBT) of N1.23trillion underpinned by strong growth in core earnings, with interest […] read more GTCO reports N1.23trn pre-tax profit, shareholders get N12.76 dividend

Chairman PDP Governor’s forum and the Governor of Bauchi State, Bala Mohammed Abdulkadir, on Tuesday said that he prefers defecting to the African Democratic Party ADC that the ruling All Progressive Congress APC. The governor said this while receiving the delegation of the ADC leading by the former secretary to the government of the federation, […] read more We prefer defecting to ADC than APC – Bala Mohammed 

..debt stock rises to $116.9bn The House of Representatives has approved President Bola Tinubu’s request to borrow $6bn from lenders in the United Arab Emirates and the United Kingdom, pushing the federal government’s total public debt stock to approximately $116.9bn. The approval followed the consideration and adoption of reports by the House Committee on Aids, […] read more Reps approve Tinubu’s request to borrow $6bn external loan

Nigeria’s economic recovery remained on track in March, with private sector activity expanding for the sixteenth consecutive month, even as the pace of growth showed signs of moderation. The composite Purchasing Managers’ Index (PMI) stood at 53.2 points in March 2026, staying above the 50-point threshold that separates expansion from contraction, according to the latest […] read more Nigeria’s economic recovery holds as PMI points to steady growth

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) has re-arraigned Abubakar Peters, Managing Director of Nadabo Energy Limited, over an alleged N1.4 billion oil subsidy fraud before the Lagos State High Court sitting in Ikeja. Peters was re-arraigned on Tuesday before Ismail Ijelu following the reassignment of the case after […] read more EFCC re-arraigns Nadabo Energy boss over alleged N1.4bn oil subsidy fraud

A wave of mass defection hit the House of Representatives on Tuesday as 27 lawmakers crossed party lines, in a fresh political realignments affecting major parties in the chamber. Of the 27 members, nine lawmakers elected on the platform of the New Nigeria People’s Party (NNPP) defected to the All Progressives Congress (APC). Those who […] read more Nine Kano Reps dump NNPP for APC as 27 lawmakers defect

The United States Mission has clarified that visa restrictions are not fixed measures, stressing that travel policies are routinely reviewed and adjusted in response to changing global conditions and security priorities. In a statement shared via its official X account on Monday, the United States Mission said visa regulations form part of international framework aimed […] read more US says visa restrictions tied to security needs

A fresh political storm has erupted within the Ebonyi State chapter of the (ADC), as early permutations ahead of the 2027 general elections have triggered a deepening crisis over the party’s chairmanship position. The crisis, which unfolded during a high-level caucus meeting convened at the residence of Sam Egwu a former governor in the state […] read more Crisis Rocks Ebonyi ADC As 2027 Permutations Ignite Chairmanship Battle