The Lagos
The Federal Government has warned that a return to the fuel subsidy can trigger capital flight, put pressure on the naira, and undermine the gains of its economic reforms. The warning came at a media briefing in Bangkok, Thailand, at the conclusion of the 2026 IMF-World Bank Annu...
The presidential candidate of the Nigeria Democratic Congress, NDC, Peter Obi, has criticised Nigeria’s economic situation, saying economic growth is meaningless if citizens continue to become poorer. Obi made the remark in a post on X on Saturday, marking the International Day f...
The Soun of Ogbomoso, Oba Ghandi Olaoye, says trust, integrity, and accountability are essential for Nigeria’s sustainable economic growth and development. Read More: https://punchng.com/trust-key-to-nigerias-economic-growth-says-soun-of-ogbomoso/...
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says Nigeria’s full economic recovery depends entirely on sustaining the bold reform policies initiated by President Bola Tinubu. Wike said this on Saturday, at the Rainbow Coalition’s stakeholders’ consultation...
The President of the Christian Association of Nigeria (CAN), Archbishop Daniel Okoh, has urged the Church to hold government accountable, defend vulnerable Nigerians and speak against injustice. Okoh said the Church must not abandon its responsibility to speak for the people beca...
…commits €45m aid By Folarin Kehinde The European Union (EU) Ambassador to Nigeria and the Economic Community of West African States (ECOWAS), Gautier Mignot, has said Nigeria probably has the highest number of people living below the poverty threshold globally, describing povert...
…As First Lady urges Christians to sustain unity …Honours Gowon, OBJ, Osinbajo, others By Luminous Jannamike, Abuja President of the Christian Association of Nigeria (CAN), Archbishop Daniel Okoh, has charged the Church to challenge government failures, defend vulnerable Nigerian...
The veteran actor acknowledged Nigerians’ economic hardship but maintained that President Bola Tinubu’s reforms were correcting decades of poor planning and unsustainable spending. The post ‘Things not as bad as people claim; Tinubu is fixing Nigeria’ — Jide Kosoko appeared first...
By Babajide Komolafe, Economy Editor Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso, has said sustained macroeconomic stability, declining inflation and confidence in policy direction will attract long-term investment into Nigeria, boosting production and creating ...
Nigeria is targeting economic growth of 7%, above the International Monetary Fund’s (IMF) projection of 4.3% for 2027, as the Federal Government seeks to accelerate reforms and lower inflation to support business activity. The post Nigeria targets 7% growth, expects to outperform...
The Archbishop of Awka, Alexander Ibezim, has sued the Primate of the Church of Nigeria, Henry Ndukuba, over his placement on a six-month compulsory leave. Read More: https://punchng.com/bishop-drags-anglican-primate-to-court-over-compulsory-leave/...
John Alamu, founder and Group Managing Director of Capitalsage Holdings, explains how Johnvents is tackling challenges in Nigeria’s agricultural sector through cocoa processing, farmer support, sustainable sourcing, and value addition, while expanding across Africa and internatio...
Rising vehicle operating costs, financing obligations and pressure on passenger affordability are making it increasingly difficult for Nigeria’s ride-hailing operators to keep fares affordable while ensuring drivers earn enough to sustain their work. The post From Uber to Moove: ...
Olam Agri a leading agribusiness across food, feed and fibre value chains, has partnered with the Lagos Food Bank Initiative (LFBI) to distribute 600 food boxes of spaghetti, macaroni, semolina, and vegetable oil to vulnerable households across Lagos, Kano, Nasarawa and Kwara to ...
The Church of Nigeria (Anglican Communion) has directed the Bishop of Awka Diocese, Most Rev. Alexander Ibezim, to proceed on a six-month leave amid ongoing administrative investigations in the diocese. The directive is contained in a letter dated October 13, signed by the Primat...
In this interview with Nairametrics, the founder of Sooyah Bistro discusses how the business formalised a fragmented food market, funded its expansion through reinvested profits, adapted to different consumer spending patterns in Lagos and Ibadan, and built operational systems to...
By Vincent Ujumadu AWKA — The Anglican Archbishop of the Province of the Niger and Bishop of the Diocese of Awka, Most Rev. Alexander Ibezim, has instituted legal proceedings against the Primate of the Church of Nigeria, Most Rev. Henry C. Ndukuba, challenging his alleged suspens...
By Chioma Obinna Imagine getting a new job and being so excited that you buy a bottle of wine to celebrate with your boss. Imagine travelling home for Christmas with a carton of assorted drinks for the elders in your village, hoping to make the festive season memorable. Imagine t...
By Benjamin Njokun The Federal Ministry of Art, Culture, Tourism and the Creative Economy has unveiled the D30 Platform as a single-window intelligence hub for Nigeria’s creative and tourism economy, developed in partnership with Cavista Holdings. Following the launch, investors,...
By Benjamin Njoku Media executives, advertisers, content aggregators, buyers, media production outfits, and government regulators have called on Nigerian content creators and electronic media producers to shift focus from mere creative expression toward structural wealth creation...
The president hailed the World Bank’s push in an X post on Friday, noting that Nigeria has introduced economic reforms to build a stronger foundation for investment and give more Nigerians the opportunity to earn better livelihoods. The post World Bank’s $5.79 billion financing w...
The Nigerian National Petroleum Company Limited, NNPCL, has increased its premium motor spirit, PMS, pump price following the announcement of a discounted fuel price. Checks by DAILY POST on Friday showed that NNPCL increased its petrol price to N1,405 per litre from N1,370 per l...
By Dickson Omobola United Nigeria Airlines Company Limited is set to become the first domestic airline to issue commercial paper, with an initial tranche of N20 billion under its N100 billion programme. According to its September 2026 investor presentation, which outlined its fin...
By Juliet Umeh Pan-African technology company, Onafriq, has announced plans to wind down its agent banking business in Nigeria, operated under the Baxi brand by Onafriq Nigeria Payments Limited, citing inflation, naira depreciation and intensifying competition. The company said t...
The King of Eleme in Rivers State, Emere Dr Philip Osaro Obele, has given the Nigerian Gas Company (NGC) 24 hours to address damage caused by a gas pipeline explosion in Aleto community, threatening mass protests if the company fails to act. The explosion occurred at about 5 p.m....
ProvidusUnity Bank has convened over 200 exporters, industry associations and government institutions at the fifth edition of its Non-Oil Export Business Forum in Kano to strengthen export competitiveness and unlock opportunities for Nigerian businesses in international markets. ...
By Vincent Ujumadu The Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, has expressed concern over rising hardship in Nigeria, lamenting that more citizens are being pushed below the poverty line amid persistent insecurity and economic difficulties. Achebe, in his royal message to ma...
In October 2020, Stripe agreed to buy Paystack, a Lagos startup that helped businesses take payments online, for $200 million , the largest acquisition of a Nigerian startup. At the time, Paystack had 60,000 customers. Stripe said the deal would fund new products and help pull Af...
Onafriq said the decision affects only its agent banking business in Nigeria and does not represent an exit from the Nigerian market. The post Fintech firm Onafriq to close Nigeria agent banking business appeared first on Premium Times Nigeria ....
The Nigerian Safety Investigation Bureau (NSIB) has recovered a door that detached from a private jet shortly after take-off from Abuja, as investigators begin examining the incident. The aircraft, a Challenger 604 business jet with registration number T7-SEI, is operated by Trit...
By Vincent Ujumadu The Anglican Bishop of Awka, and Metropolitan Archbishop on the Niger, Most Reverend Alexander Ibezim, has been suspended from office and directed not to embark on church activities. The Primate of the Church of Nigeria (Anglican Communion), Most Rev. Henry. Nd...
Fintech company Onafriq is shutting down its Baxi agent banking business in Nigeria, citing rising costs, naira depreciation, and growing competition. Read More: https://punchng.com/fintech-company-exits-agent-banking-but-stays-in-nigeria/...
The Nigerian Economic Summit Group (NESG) has called on the Federal Government to focus on reducing production costs and increasing productivity. It said further interest rate cuts might not be enough to bring down prices of commodities in Nigeria Speaking on Channels Television&...
The African Development Bank has committed $750,000 in grants to support women-led businesses across Nigeria under a three-year programme. Read More: https://punchng.com/afdb-commits-750000-to-support-nigerian-women-entrepreneurs/...
Onafriq, a digital payments network that operates across 40 African countries, is winding down Baxi, its Nigerian agent banking business, after five years, following what the company calls a review of its long-term strategy and sustainability. The company said in a statement on F...
By John Alechenu, Abuja Civil society groups have scored the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Engr. Bashir Bayo Ojulari, high on implementation of the Petroleum Industry Act, PIA. The Parliamentary Support Network and allied...
Mytherapist.ng , a Nigerian online therapy platform, is partnering with healthcare financing company MyItura to let users pay for therapy in instalments rather than upfront. The offering is part of a relaunch the company calls Mytherapist.ng 2.0, which also introduces in-person s...
Fintech company, Onafriq, has announced plans to wind down its Baxi agent banking business in Nigeria, citing naira depreciation, rising operating costs and shrinking margins amid intensifying competition in the payment services market. The post Onafriq winds down Baxi agent bank...
The Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has defended the President’s economic record, citing the support of 33 governors and claiming that food prices have dropped and foreign investors are returning to Nigeria. Onanuga made the rem...
The workshop, organised under the European Union Support to ECOWAS in Peace, Security and Governance (EPSG) Project, brought together journalists from different media platforms and states, including Lagos, Enugu, Edo and Oyo. The post 2027: Spanish group, Fact Check Nigeria train...
On October 13, CashAfrica announced a partnership with Food Concepts, a quick-service restaurant company, to introduce mobile tap-to-pay across Chicken Republic’s more than 350 outlets, as part of its effort to make the payment method more widely adopted in Nigeria. If you have t...
The suspect faces one charge of criminal misappropriation altogether ₦34,875,000. The post EFCC arraigns Kano businessman over alleged ₦34.8 million spaghetti fraud appeared first on Premium Times Nigeria ....
Popular Nigerian socialite and businessman, Cubana Chief Priest has declared that criticism and bullying over his support for President Bola Tinubu will not weaken his loyalty to the president. Chief Priest made this known in a statement on Friday. He maintained that the more sup...
Rabiu Musa Kwankwaso, the vice-presidential candidate of the Nigeria Democratic Congress (NDC), has disagreed with Vice-President Kashim Shettima over his criticism of Peter Obi’s use of economic statistics and comparisons between Nigeria and other countries. Kwankwaso maintained...
Nigerian and Indonesian companies have signed business agreements worth a combined $10m to strengthen trade and economic cooperation between the two countr Read More: https://punchng.com/nigerian-indonesian-firms-sign-10m-business-deals/...
By Ayobami Okerinde The vice-presidential candidate of the Nigeria Democratic Congress (NDC), Rabiu Kwankwaso, has defended the party’s presidential candidate, Peter Obi, against Vice-President Kashim Shettima’s description of him as “the master of bogus statistics and incoherent...
United Nigeria Airlines Company Limited is planning to raise N20 billion through its debut commercial paper issuance, becoming the first domestic airline in Nigeria to tap the short-term debt market, as it seeks to strengthen its finances and fund an expansion of its flight opera...
The Federal Government’s 30-day fuel price relief is an illusory, token gesture that fails to address Nigeria’s deep economic crisis, says Punch Editorial. Read More: https://punchng.com/fgs-illusory-fuel-price-relief/...
The Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Thursday, said solving Nigeria’s economic problem is not like healing somebody who is sick. Wike made the remark in Abuja during his induction into the Idoma Hall of Fame. The Minister also highlighted the positi...
A new report by BII and Swedfund reveals a $209bn funding gap for Black-owned businesses across five African markets, with Nigeria facing the largest gap. Read More: https://punchng.com/report-finds-209bn-funding-gap-for-african-businesses/...
Oyo State Governor, Seyi Makinde, has criticised the Federal Government’s economic reforms, arguing that rising poverty shows the need to assess leadership by its impact on citizens rather than by improvements in economic indicators. Makinde said one presidential term was enough ...
The Vice Presidential candidate of the Nigeria Democratic Congress (NDC), Rabiu Kwankwaso, has faulted Vice President Kashim Shettima’s description of the party’s presidential candidate, Peter Obi, as “the master of bogus statistics and incoherent economic presc...
No fewer than 20 people have been injured and about 50 houses razed following a gas pipeline explosion in Aleto community, Eleme Local Government Area of Rivers State, on Thursday evening. The explosion reportedly occurred around 5 pm after a pipeline belonging to the Nigeria Gas...
By Efe Onodjae Businessman Leo Stan Eke has donated 34 bags of rice to the founder of Vanguard Media, Uncle Sam, at his residence in Anthony, Lagos. The donation was presented by members of the Vanguard Alumni Association on behalf of Eke, who had directed the association to deli...
–Says royal fathers ‘re indispensable for progress and ultimate develolment By Johnbosco Agbakwuru ABUJA — THE Vice President, Senator Kashim Shettima, has restated the commitment of the administration of President Bola Tinubu to fostering unity among Nigerians and driving econom...
Fitch Ratings has revised the outlooks of nine Nigerian banks and two bank holding companies to Positive from Stable, citing improvements in Nigeria’s economic policy framework, foreign exchange reserves and operating environment. The post Fitch Ratings revises outlooks of nine N...
Several filling stations have shut their gates in Birnin Kebbi following a reduction in petrol prices announced by the Nigerian National Petroleum Company Limited (NNPC), leaving motorists and commuters struggling to buy the product. A survey in the Kebbi State capital showed tha...
By Jimitota Onoyume, Assistant News Editor About one million civilian residents and traders at the Mammy area of the Nigerian Army barracks in Effurun, Uvwie Local Government Area, Delta State, have been evicted, their shops and buildings demolished. Read Also: Toluwanisings was ...
The Lagos State Government has urged residents to embrace healthy eating and proper nutrition to improve public health and boost economic productivity. Read More: https://punchng.com/lagos-urges-residents-to-embrace-healthy-eating/...
A new report by British International Investment (BII), the United Kingdom’s development finance institution, and Swedfund has identified an estimated $209 billion financing gap for Black-owned and -led businesses across five African countries, with Nigeria accounting for the lar...
