The Federal Capital Territory (FCT) Administration has proposed a total of N137 billion as capital expenditure for the Satellite Towns Development Department (STDD) in the 2025 statutory budget, reflecting a …
Economy
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DevelopmentEconomyGOVERNMENTInfrastructurePoliticsTransportation & Logisitics
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EconomyFinance & ServicesGOVERNMENTINVESTMENTMarketsNigeria
Federal Government Plans to Raise N300bn from Bond Market on May 26
The Federal Government of Nigeria has announced plans to raise N300 billion from the bond market through an auction scheduled for Sunday, May 26, 2025. The move is part of …
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EconomyEnergyGOVERNMENTINVESTMENTLeadershipNigeriaOil & Gas
Tinubu Charges New NNPC Board to Drive Economic Transformation, Boost Oil Output
President Bola Ahmed Tinubu has tasked the newly inaugurated board of the Nigerian National Petroleum Company Limited (NNPCL) with the critical responsibility of using their industry experience and expertise to …
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTNigeriaPolicies
Federal Government Inaugurates New AMCON Board, Sets Timeline for Wind-Down
The Federal Government has officially inaugurated a new Board of Directors for the Asset Management Corporation of Nigeria (AMCON), with a strong message to focus on recovering assets and begin …
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AviationBusinessEconomyInnovationNigeriaTravel & Tourism
Finchglow Travels Hosts Top Airlines, Trade Partners at 13th Edition of PartnerPlus Connect in Lagos
Nigeria’s leading travel consolidator, Finchglow Travels, successfully held the 13th edition of its flagship industry event, PartnerPlus Connect (PPC), in Lagos. The event, known for fostering collaboration and strategic alliances, …
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Banking, Finance & InvestmentBusinessDigital EconomyEconomyFinance & ServicesINVESTMENTNigeria
Signature Bank Bounces Back with N768 Million Profit in 2024, Records 374% Revenue Growth
Signature Bank Limited has made a major comeback in 2024, posting a profit before tax of N768.05 million, a sharp turnaround from the loss of N2.87 billion it recorded in …
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BusinessBusiness PoliciesEconomyGOVERNMENTInternational RelationsNigeriaTrade and Commerce
FG, Nigeria-China Partnership Set to Boost Mining and Automotive Sectors Under Renewed Hope Agenda
The Federal Government of Nigeria has reaffirmed its commitment to transform the country’s economy by focusing on the mining and automotive industries as major drivers of industrial development. This was …
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Banking, Finance & InvestmentBusiness and EconomyEastern AfricaEconomyEnergyHealthcareTransportation & Logisitics
Uganda Signs $800 Million Deal with Islamic Development Bank for Key Infrastructure Projects
Uganda has secured a $800 million financing agreement with the Islamic Development Bank (IsDB) to fund major infrastructure projects aimed at boosting trade and development across the country. The deal …
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AFRICA NEWSBusiness and EconomyEconomyEnergyFinance & ServicesNigeriaOil & Gas
Dangote Refinery Reduces Diesel Price Nationwide, Sells at N875 in Lagos
Dangote Refinery has again announced a cut in the price of its diesel, bringing further relief to Nigerians who have been grappling with high energy costs. In a statement issued …
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EconomyGOVERNMENTHealthcareInternational RelationsNigeriaSecurityTrade and Commerce
Customs Intercepts N3.2 Billion Worth of Codeine, Cosmetics, and Contraband at Lagos Port
The Apapa Area Command of the Nigeria Customs Service (NCS) has intercepted a significant shipment of illicit pharmaceuticals and other contraband goods valued at approximately N3.2 billion. The seizure, which …