Happening Now

Power exports under strain as Togo, Niger and Benin owe Nigeria ₦25.36bn for electricity

Power exports under strain as Togo, Niger and Benin owe Nigeria ₦25.36bn for electricity

Nigeria is grappling with persistent electricity shortages at home, yet neighbouring countries supplied through cross-border power arrangements are collectively owing…
Nigeria’s economy stabilises on paper as poverty deepens, PwC warns

Nigeria’s economy stabilises on paper as poverty deepens, PwC warns

Nigeria is entering a troubling phase where economic stabilisation efforts are beginning to show results in macroeconomic indicators, but household…
E-hailing drivers face double commission as VAT enforcement raises concerns

E-hailing drivers face double commission as VAT enforcement raises concerns

As Nigeria enters 2026, e-hailing drivers are confronting an unexpected financial challenge. Members of the Amalgamated Union of App-based Transporters…
CBN withdrawal of forbearance pushes banks’ bad loans above limit

CBN withdrawal of forbearance pushes banks’ bad loans above limit

Nigeria’s banking sector recorded a noticeable rise in bad loans in 2025 following the Central Bank of Nigeria’s withdrawal of…
No going back as new tax laws begin January 1, Presidency says

No going back as new tax laws begin January 1, Presidency says

As Nigeria approaches January 1, 2026, the Federal Government has insisted that the country’s new tax laws will take effect…
NCDMB opens innovation challenge to fund homegrown solutions in oil, gas, and energy transition

NCDMB opens innovation challenge to fund homegrown solutions in oil, gas, and energy transition

The Nigerian Content Development and Monitoring Board has launched the Nigerian Content Research, Innovation and Technology Challenge for the 2025…
Why Nigerians faced power cuts this Christmas, FG explains

Why Nigerians faced power cuts this Christmas, FG explains

As households and businesses across Nigeria grapple with electricity shortages during the Christmas period, the Federal Government has attributed the…
FG, Microsoft, LBS expand AI skills drive as 350,000 Nigerians get trained

FG, Microsoft, LBS expand AI skills drive as 350,000 Nigerians get trained

Nigeria’s push to compete in the global artificial intelligence economy is beginning to take clearer shape as the Federal Government,…
FG imposes immediate ban on wood exports, revokes all licences

FG imposes immediate ban on wood exports, revokes all licences

The Federal Government has moved to shut down Nigeria’s wood exports trade, ordering an immediate ban on the exportation of…
Cybersecurity risks grow as Nigeria’s ports embrace digital systems

Cybersecurity risks grow as Nigeria’s ports embrace digital systems

Nigeria’s maritime industry is facing renewed pressure to secure its fast-growing digital backbone as industry leaders warn that cyber threats…
Yuletide blackout fears rise as gas shortages hit power stations

Yuletide blackout fears rise as gas shortages hit power stations

Nigeria’s electricity supply is again under strain, raising fears of widespread outages during the Yuletide as gas shortages begin to…
Nigeria’s inflation rate falls to 14.45% in November, NBS data shows

Nigeria’s inflation rate falls to 14.45% in November, NBS data shows

Nigeria’s inflation rate picture continued to soften in November, but fresh data shows that price pressures remain uneven beneath the…
Back to top button