The World Bank has said that access to affordable and reliable electricity is vital to unlocking Africa’s potential for job creation, industrial growth, and poverty reduction. In a new blog …
AfricaDevelopmentEconomyEmploymentEnergyInfrastructure
- EconomyGovernancePetroleumSecurity
Customs Intercepts N80.4 Million Worth of Petrol Smuggled to Benin Republic
The Nigeria Customs Service (NCS), under its special operation codenamed Operation Whirlwind, has intercepted 1,980 jerrycans of Premium Motor Spirit (PMS), also known as petrol, worth N80.4 million, allegedly being …
- BankingConsumer ProtectionEconomyFinanceGovernanceNational AssemblyRegulation
Reps to Probe Arbitrary Bank Charges as Nigerians Decry Unexplained Deductions
The House of Representatives has resolved to investigate what it described as the arbitrary, excessive, and unexplained charges imposed on customers by commercial banks across Nigeria. The lawmakers made this …
- BusinessCrimeFinanceJudiciaryLagos News
EFCC Arraigns Lagos Businessman Ugoh Onyewuchi Over Alleged N215.8 Million Theft
The Economic and Financial Crimes Commission (EFCC) has arraigned a Lagos-based businessman, Ugoh Christogonus Onyewuchi, alongside his company, C-PAC Integrated Service Nigeria, before the Special Offences Court sitting in Ikeja, …
- BusinessEconomyFinanceGovernment PolicyLawNigeriaPublic ServicesRegulationTaxation
Nigeria’s New Tax Law Takes Effect in 2026, Sets N800,000 Income Threshold and N100 Million Turnover for Companies
Nigeria’s new tax reform law has been officially signed and will take effect from the 2026 fiscal year. The new law introduces several changes aimed at improving compliance, easing the …
- EnvironmentGovernanceLagos NewsPublic SafetyReal EstateUrban Development
Lagos to Remove Illegal Land Reclamation Structures, Prosecute Offenders from October 15
The Lagos State Government has announced that it will begin enforcement against illegal land reclamation and waterfront encroachment starting October 15, 2025, as part of efforts to protect the environment …
- GovernanceHealthNewsNigeriaPublic SafetyRegulation
NAFDAC Clarifies Withdrawal, Suspension, and Cancellation of 101 Drug Products
The National Agency for Food and Drug Administration and Control (NAFDAC) has released a clarification to explain its recent publication of 101 drug products that have been withdrawn, suspended, or …
- Corporate EarningsEnergyInfrastructureINVESTMENTNigeriaOil & Gas
Shell Approves $2 Billion HI Gas Project to Boost Nigeria’s LNG Exports and Energy Supply
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a Final Investment Decision (FID) on the $2 billion HI gas project offshore Nigeria. The …
- DevelopmentEconomyFinanceGlobal NewsIMF ProgrammeInternational RelationsNigeriaPolicies
IMF to Release New World Economic Outlook and Global Financial Stability Reports Today
The International Monetary Fund (IMF) will today, Tuesday, October 14, 2025, unveil its latest World Economic Outlook (WEO) report in Washington, D.C., during a hybrid press briefing as part of …
The National Assembly has proposed that Nigeria’s next presidential and governorship elections be held in November 2026, instead of the traditional February or March of the election year. This new …