The Lagos
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has explained the implications of the 30-day petrol discount introduced by the Nigerian National Petroleum Company Limited (NNPC) Retail, insisting that the initiative is not a return to fuel subsidy. Oy...
As Nigeria struggles to turn its agricultural wealth into industrial growth and jobs, agribusiness leaders are targeting investment, processing and export opportunities at a regional conference in Uyo. The post Nigeria’s raw commodity exports will be under focus as agribusiness l...
Nigeria plans to adopt Ethiopia’s large-scale mechanised farming model to boost agricultural productivity, achieve food self-sufficiency and position the sector as a major driver of economic growth. The post Nigeria to adopt Ethiopia’s mechanised farming model to boost food secur...
Vatar Inc., the company behind the viral Nigerian browser game Lagos Life, has closed a $500,000 pre-seed round at a $10 million valuation three days after incorporation, according to a company statement. “We built something people love that is growing very fast, so a lot of inve...
Six years after Moove put 76 cars on Lagos roads and asked Uber drivers to pay for them out of their earnings, the mobility company is leaving Nigeria , its founding market, and handing many of those drivers their cars. In a statement on Thursday, Moove said it will hand over eli...
A UNILAG professor, Adelaja Odukoya, has said Nigeria’s economic policies promote investment without building the domestic production capacity needed for d Read More: https://punchng.com/nigeria-promotes-investment-without-building-production-capacity-unilag-don/...
Mobility company Moove is exiting Nigeria after six years, transferring vehicles worth N35bn to eligible customers and giving free cars to its staff. Read More: https://punchng.com/moove-exits-nigeria-transfers-n35bn-vehicles-to-customers/...
The African Democratic Congress, ADC, presidential running mate, Rotimi Amaechi, has assured Nigerians that the party’s presidential candidate, Atiku Abubakar’s proposed restoration of fuel subsidy will not enrich a few wealthy Nigerians if elected president. Amaechi disclosed th...
Organisers of an international exhibition say Nigeria’s water crisis threatens its economic growth, affecting agriculture, manufacturing, and investment. Read More: https://punchng.com/water-crisis-threatens-nigerias-economic-growth/...
Nigeria must significantly accelerate its economic growth to achieve its $1tn GDP ambition by 2030, as the current trajectory is insufficient, AIESEC has s Read More: https://punchng.com/nigeria-needs-faster-growth-to-hit-1tn-gdp-aiesec/...
An entrepreneur, Chief Ayoola Osunleye, has charged Nigerian youths to be disciplined and imbibe the spirit of excellence in their business dealings. Read More: https://punchng.com/nigerian-youths-urged-to-embrace-business-discipline/...
The Minister of Information and National Orientation, Mohammed Idris, has defended President Bola Tinubu’s economic reforms, saying Nigeria’s economy is now on a stronger footing three years into the administration. Idris made the claim on Thursday in Abuja during a press confere...
The Presidency has clarified the Federal Government’s plan to reduce the burden of rising petrol prices on Nigerians. According to the government, the Nigerian National Petroleum Company (NNPC) will suspend its retail profit margin and sell petrol at cost for the next 30 days, ta...
The Federal Government’s decision to offer Nigerians a 30-day discount on petrol has reopened a familiar debate: how can a government committed to ending fuel subsidies provide relief without undermining its own economic reforms? The answer may lie less in the discount itse...
Nigerians have taken to social media to express their displeasure over the Federal Government’s decision to introduce a 30-day fuel price discount at Nigerian National Petroleum Company Limited, NNPCL, filling stations. Speaking during a briefing in Abuja on Thursday, October 8, ...
Minister of Finance, Taiwo Oyedele, has explained that fixing the gantry price of petrol at N1,350 per litre at Nigerian National Petroleum Company Limited, NNPCL, filling stations nationwide is not a reintroduction of petrol subsidy. He made this disclosure on Thursday during a ...
By Johnbosco Agbakwuru The Presidency on Thursday explained that the measure taken by the Nigerian National Petroleum Company Limited (NNPCL) to forgo its petrol retail profit margin and sell to Nigerians at cost to cushion the impact of global crude oil price shocks and volatili...
By Adegboyega Adeleye Social Democratic Party (SDP) presidential candidate Prince Adewole Adebayo has likened the Federal Government’s 30-day petrol discount through the Nigerian National Petroleum Company Limited (NNPCL) to the popular television series “Fuji House of Commotion....
The Federal Government has announced 10 measures aimed at cushioning the impact of rising petrol prices on households, businesses and transport users across Nigeria. The measures were announced by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, du...
Periwinkle Empire has entered Abuja’s luxury real estate market with plans to develop a $150 million, 20-storey residential tower in the city’s Central Business District. The project, known as Royalties Abuja, is being developed in partnership with Prime Luxury Address Ltd and is...
The Federal Government says the country is willing to open its gas fields for meaningful investments as it continues in its bid to expand national gas consumption and bridge the gap between resources and the industries, power plants, businesses and households that need them. The ...
Just a month after the exit of Uber, a global mobility company founded in Lagos Moove, has announced plans to end operations in Nigeria too. The company announced this decision on Thursday just six years after it began operations in Nigeria. According to the company, customers wi...
The Federal Government has announced a 30-day discount on petrol sold by the Nigerian National Petroleum Company Limited, NNPCL, with public transport operators to receive priority under the arrangement. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyed...
By Favour Ulebor, Abuja The Economic Community of West African States, ECOWAS, has sworn in five new judges of the ECOWAS Community Court of Justice, with calls for judicial independence, impartiality and stronger enforcement of the Court’s decisions. President Bassirou Diomaye F...
What if you could escape your real life and rebuild it from scratch? For millions of Nigerians playing Lagos Life, Lagos Run and other viral games, the attraction is not just entertainment. It is the chance to become a billionaire, own property, run businesses, meet people and ex...
The Federal Government says it is offering a discount on petrol sold by the Nigerian National Petroleum Company Limited (NNPCL) for the next 30 days. The post BREAKING: FG announces 30-day discount window on petrol sold by NNPC appeared first on Nairametrics ....
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, says the Federal Government is offering a discount on petrol dispensed by the Nigerian National Petroleum Company Limited, NNPCL, for the next 30 days. Oyedele announced this on Thursday at a press b...
The Federal Government says it is offering a discount on petrol dispensed by the Nigerian National Petroleum Company Limited (NNPCL) for the next 30 days as part of a fresh package of measures to cushion the impact of high fuel prices on Nigerians and stabilise pump prices. The M...
The Transmission Company of Nigeria, TCN, has announced scheduled preventive maintenance on two power transformers at its Ijebu-Ode Transmission Substation in Ogun State, with electricity supply to some communities expected to be affected. TCN said the annual maintenance exercise...
ABUJA — The Transmission Company of Nigeria (TCN) has announced the unavailability of all 33kV outgoing feeders at the Keffi and Akwanga transmission substations in Nasarawa State following the collapse of three transmission towers. The affected towers — T78, T79 and T80 — are lo...
Paul Ibe, the media adviser to former Vice President Atiku Abubakar, has criticised the economic policies of President Bola Ahmed Tinubu, saying they have pushed more Nigerians into poverty. Ibe made the statement in reaction to comments by Daniel Bwala on Channels Television, wh...
Moove, the global mobility company founded in Lagos, has announced plans to conclude its operations in Nigeria six years after launching... The post BREAKING: Moove exits Nigeria, gives customers N35 billion worth of cars appeared first on Nairametrics ....
But I must also urge you to remember this: Nigeria’s problems are not only political and economic… They carry deep, far-reaching spiritual dimensions that can only be decisively addressed by a superior spiritual force; one wielded by men and women with an unwavering commitment to...
State oil company, the Nigerian National Petroleum Company (NNPC) Limited, Thursday said that crude oil production has risen to 1.8 million barrels per day in the last month. The development was revealed by the Group Chief Executive Officer, Bayo Ojulari, at the 2026 Association ...
By Kingsley Omonobi The Nigerian Navy has uncovered approximately 40,000 litres of substance suspected to be crude oil stored in a large dugout reservoir in the Oteghele general area of Delta State. The discovery was made on October 7, 2026, by the Nigerian Navy Ship Delta (NNS D...
The Nigeria Democratic Congress, NDC, has accused President Bola Tinubu’s administration of worsening economic hardship for Nigerian families following the increase in registration charges at Ahmadu Bello University, ABU, Zaria. ABU’s revised charges for the 2026/2027 academic se...
Lagos State has indicated that electricity capacity in the Lekki corridor could be built up to between 2,500MW and 3,000MW as development and economic activity expand across the area. The post Lagos targets up to 3,000MW power capacity for Lekki corridor – LASERC appeared first o...
The Nigerian currency continued its bullish trend against the British pound due to Nigeria's strengthening economic fundamentals. The post Naira extends Bullish streak against British Pound at N1,767/£ appeared first on Nairametrics ....
The Transmission Company of Nigeria, TCN, has announced the collapse of towers T78, T79 and T80 along the Karu-Keffi-Akwanga 132 Kilo Volt (kV) line corridor following heavy rainfall. The management of the company made this known in a statement in Abuja on Thursday. According to ...
Picture two Nigerians on the same morning in late September. One is a factory manager. He has just completed the CBN survey; 1,900 executives were surveyed between Sept. 7 and 11 and, for the fourth month in a row, can say business is expanding. The PMI is 53.0, up from 52.7. New...
Mr Bwala acknowledged that the immediate impact of the reforms was painful and that more Nigerians fell into poverty during the process. He argued, however, that the hardship was an unavoidable consequence of economic restructuring. The post Bwala admits Tinubu economic reforms i...
The Socio-Economic Rights and Accountability Project (SERAP) has urged the Court of Appeal sitting in Abuja to set aside the judgment of the Federal Capital Territory High Court awarding ₦100 million in damages against SERAP in a defamation suit brought by two officers of Nigeria...
Lagos-based Regxta Global Services Limited has disbursed more than ₦10 billion in loans to individuals and micro-business owners across Nigeria, as the lender expands a credit model designed for borrowers who may have little or no conventional credit history. The milestone comes ...
Nigeria’s business activity rose to a record 117.8 points in September 2026, surpassing the previous high of 117.2 points recorded in February, according to the Nigerian Economic Summit Group (NESG). The post NESG: Nigeria’s business activity hits record 117.8 points, but costs k...
By GOZIEM OKUBOR Something curious happened to a group of rice farmers in northern Nigeria. They found a way to produce more cheaply and became more productive. Then the economics of farming turned against them. That is worth understanding in a country where food has become painf...
Business leaders Gabriel Ogbechie and Bismarck Rewane have advised Nigerian investors to focus on real assets and character for intergenerational wealth. Read More: https://punchng.com/ogbechie-rewane-task-investors-on-real-assets/...
Mr Uwaleke, a professor and the President, Capital Market Academics of Nigeria (CMAN), made the call in an interview with the News Agency of Nigeria (NAN) in Abuja The post Economic expert seeks redesign of FG’s cash transfer programme appeared first on Premium Times Nigeria ....
Daniel Bwala, a spokesman for President Bola Tinubu, has acknowledged that more Nigerians slipped into poverty as a result of the economic reforms introduced by the administration. Bwala, however, defended the reforms, saying they were necessary to move the country forward despit...
The Ibadan Electricity Distribution Company has announced a power outage in several Ogun communities due to a technical fault on two 33kV feeders. Read More: https://punchng.com/technical-fault-disrupts-power-supply-across-ogun-communities-ibedc/...
By Gabriel Ewepu The Federal Government, Wednesday, through the Federal Ministry of Federal Ministry of Budget and Economic Planning, said the the 32nd edition of the Nigerian Economic Summit tagged NES#32 will be used to examine what is working in the economy. This was stated by...
— Says kidnapping still a booming business — Urges FG to double efforts against insecurity By Johnbosco Agbakwuru ABUJA — The Trade Union Congress of Nigeria (TUC) on Wednesday lamented that the country has been in a state of war for over a decade due to insecurity, declaring tha...
The Nigerian Economic Summit Group (NESG) has said Nigeria must ensure ongoing economic reforms translate into productive investment, jobs and improved inc Read More: https://punchng.com/nigeria-cannot-afford-to-waste-reform-momentum-nesg/...
The African Union (AU) has officially unveiled the African Credit Rating Agency (AfCRA), an initiative approved by the AU in 2017, in a bid to tell “Africa’s own economic story.” The post BREAKING: AU launches African Credit Rating Agency appeared first on Nairametrics ....
TikTok users in four northern Nigerian states have reportedly struggled to watch videos, upload content, and use the app since mid-Septembe r. A digital-rights group has sued the company over the disruption, but its case hinges on an unresolved issue: whether TikTok restricted ac...
The Abuja Electricity Distribution Company says it is targeting 100% metering for its 1.2 million customers to eliminate estimated billing and improve serv Read More: https://punchng.com/aedc-targets-100-metering-for-1-2m-customers/...
The government also said the state’s dependence on agriculture declined from about 80 per cent in 2005 to 40 per cent in 2017, reflecting gradual economic diversification. The post Ekiti @ 30: Over ₦50 billion annual IGR, pays workers’ salaries – State Govt appeared first on Prem...
