Botswana’s economy suffered a major setback in the second quarter of 2025 as output from its diamond sector, the backbone of the country’s revenue, dropped sharply, triggering the steepest contraction …
GOVERNMENT
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EconomyGOVERNMENTMiningSouthern AfricaTrade
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BusinessCurrencyEconomyFinanceGOVERNMENTTrade
Rabiu Projects Naira to Strengthen to ₦1,300–₦1,400 per Dollar by Year-End
The Chairman of BUA Group, Abdul Samad Rabiu, has expressed optimism that the naira will appreciate further in the coming months, predicting that the exchange rate could strengthen to between …
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EconomyGOVERNMENTInfrastructurePublic SafetyTransportation
NSIB Blames Poor Infrastructure for Abuja-Kaduna Train Derailment
The Nigerian Safety Investigation Bureau (NSIB) has identified poor infrastructure maintenance and operational lapses as the major causes of the Abuja-Kaduna train derailment that happened on August 26, 2025. The …
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AviationBusinessGOVERNMENTInfrastructureInternationalLeadership
Tinubu Congratulates FAAN MD Olubunmi Kuku on Election as ACI Africa Vice-President
President Bola Ahmed Tinubu has congratulated the Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, on her election as Vice-President of Airports Council International (ACI) …
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Economic DevelopmentFinanceGOVERNMENTPensionPoliciesSocial Welfare
FG Launches Pension-Backed Loan Scheme to Empower Retirees and Boost Financial Inclusion
The Federal Government has launched a new pension-backed loan scheme aimed at giving Nigerian retirees access to affordable credit and bringing them into the nation’s consumer credit system. The initiative, …
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EconomyFinanceGOVERNMENTRegulationTechnology
Banking and Fintech Complaints Top Consumer Grievances in Nigeria, Says FCCPC
The Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that banking and financial technology services generated the highest number of consumer complaints in Nigeria between March and August 2025. …
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EconomyEnergyGOVERNMENTInternational AffairsMiddle eastOil & GasPolicies
Nigeria’s Bonny Light Crude Rises to $67 as Global Oil Prices React to Middle East Tensions
international market, up from $65, after news broke of Israel’s surprise strike on Hamas targets in Qatar. The development, which rattled the oil market, immediately triggered fears of supply disruption …
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AviationBusinessEconomyGOVERNMENTInfrastructureTransportation
Reconstruction Begins at Murtala Muhammed International Airport Lagos
The Federal Airports Authority of Nigeria (FAAN) has announced the official commencement of reconstruction work at the Murtala Muhammed International Airport (MMIA), Lagos, Nigeria’s busiest air gateway. In a travel …
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BusinessEconomyEnergyGOVERNMENTTrade
IPMAN Urges NNPC to Pay N25bn Outstanding Petroleum Equalisation Funds
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has appealed to the Nigerian National Petroleum Company Limited (NNPC Ltd) to settle outstanding petroleum equalisation funds and clear pending product loading …
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DevelopmentEconomyGOVERNMENTInfrastructureSocial Welfare
South-South Development Commission Pledges Focus on Infrastructure, Agriculture, and Jobs
The Chairman of the South-South Development Commission (SSDC), Chief Chibudom Nwuche, has promised that the new commission will give top priority to rail and road infrastructure, industries, agriculture, telecommunications, urban …