The Dangote Petroleum Refinery has received its second crude oil cargo from Ghana, marking another step in its gradual shift toward sourcing more West African and Nigerian crude grades. The …
Economy
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BusinessEconomyEnergyManufacturingNigeriaOil & GasWestern Africa
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BusinessEconomyEnergyIndustryManufacturingPolicies
N9.16tn manufacturing output dampened by weak expansion
Nigeria’s manufacturing sector generated N9.16tn in nominal terms in the third quarter of 2025, but industry leaders say the growth remains too weak to support broad economic development. The latest …
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EconomyLagos NewsLawSecurityTrade
Customs FOU Zone A Reports N10.1bn Seizures, 38 Arrests in Seven Months as New Controller Assumes Office
The Nigeria Customs Service, Federal Operations Unit (FOU) Zone A in Ikeja, Lagos, has revealed that it intercepted goods with a duty paid value of more than N10.1bn and arrested …
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EconomyGOVERNMENTInfrastructureNational AssemblyPoliticsPublic Finance
Tinubu Sets Up High-Level Committee to Tackle Backlog of Unpaid Federal Contractors
President Bola Ahmed Tinubu has expressed strong displeasure over the growing backlog of unpaid federal contractors and has set up a high-level committee to resolve funding delays and clear outstanding …
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EconomyFinanceGovernanceGovernment PolicyNational AssemblyNational BudgetPolitics
Tinubu Submits 2026–2028 MTEF/FSP to House of Reps for Approval
President Bola Ahmed Tinubu has formally transmitted the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper to the House of Representatives for consideration and approval. The documents, which will …
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BankingBusinessEconomyForex TradingNewsRegulation
CBN Revokes Licences of Legacy BDC Operators Who Missed New Compliance Deadline
The Central Bank of Nigeria has confirmed that all legacy Bureau De Change operators that failed to meet the new licensing requirements by 30 November 2025 have automatically lost their …
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BusinessEconomyInfrastructureINVESTMENTReal EstateTransportation & Logisitics
Sanwo-Olu inaugurates 29,000sqm TY Logistics Park
Lagos State Governor, Babajide Sanwo-Olu, has inaugurated the new TY Logistics Park FZE, a Grade-A contract logistics facility covering about 29,000 square metres, describing it as the first development of …
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AgricultureBanking, Finance & InvestmentEconomyFood SecurityPoliciesRural Development
CBN Targets Higher Farm Loans as Cardoso Pushes Banks
The Central Bank of Nigeria (CBN) has said it plans to raise agricultural lending beyond the current level of less than five per cent of total bank credit, as the …
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EconomyEducationHealthLabour & EmploymentNational SecurityPolitics
NLC Declares Nationwide Protest for 17 December 2025 Over Insecurity
The Nigeria Labour Congress (NLC) has announced plans to hold a nationwide protest on Thursday, 17 December 2025, to demand urgent action from the Federal Government over rising insecurity, the …
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BusinessEconomyEducationFinanceHuman Rights
ICAN Inducts Record 1,600 Accounting Technicians in Lagos, Sets New Milestone for West Africa
The Institute of Chartered Accountants of Nigeria (ICAN) has made history by inducting 1,600 accounting technicians during the 63rd Accounting Technicians Scheme, West Africa (ATSWA) Induction Ceremony held at the …