‘I’m a City Boy’ — Obi Cubana declares as Seyi Tinubu presents appointment letter
The Anambra-born entrepreneur said the meeting also afforded both men the opportunity to discuss issues of national interest.
‘Volatility, slow settlements limit crypto use in Africa’
Cryptocurrency payment platform built for African and emerging-market businesses, KuvarPay, has said that despite the growing global adoption of digital assets, many African merchants are still unable to benefit due to volatility concerns, slow settlement times and fragmented payment infrastructure. The firm said this while announcing its official market launch, noting that the platform enables […]
Nigeria’s 2026 outlook brightens, but oil, FX and policy shocks still pose risks —PwC
By Peter Egwuatu Nigeria’s economic outlook for 2026 shows encouraging signs of stability and renewed business confidence, but experts at PricewaterhouseCooper, PwC, warned that the gains remain fragile and highly exposed to oil market volatility, foreign exchange pressures and policy-induced shocks. This was the consensus at the PwC and Businessday Executive Roundtable, on Nigeria’s 2026 Budget […]
Payment downtime spikes during ‘Detty December’, CBN reveals
By Babajide Komolafe The Central Bank of Nigeria, CBN, has disclosed that payment system downtime and service interruptions increased significantly during the December festive season, popularly known in Lagos as “Detty December,” exposing coordination gaps across Nigeria’s digital payments ecosystem. According to the CBN Fintech Report, insights drawn from surveys of fintech executives, stakeholder workshops and […]
Wike, Labour reach midnight truce as strike is suspended
The Federal Capital Territory (FCT) Minister, Nyesom Wike, and organised labour unions have reached a midnight agreement that led to the suspension of the ongoing strike and the immediate resumption of work by affected employees.
Nigerian content policy not targeted at foreign oil companies — FG
By Obas Esiedesa, Abuja The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has clarified that the Nigeria’s local content policy was not designed to restrict scope of operation of foreign oil companies in the country’s oil and gas sector. Lokpobiri spoke at the pre-conference opening of the 2026 Nigeria International Energy Summit (NIES) in […]
PDP fixes national convention for March 28 in Abuja
The Abdulrahman Mohammed-led National Caretaker Committee (NCC) of the Peoples Democratic Party (PDP) has fixed March 28 and March 29 for the party’s national convention in Abuja.
FG signs MoU with six professional bodies to train 10 million Nigerians
The Federal Government on Monday flagged off a free nationwide training programme aimed at equipping 10 million Nigerians with financial inclusion, literacy and digital skills, as it signed a Memorandum of Understanding (MoU) with six professional bodies.
Nigerian newspapers review: State govts now to share payment of electricity subsidy — FG
Another headline states that growing internal rifts within opposition political parties are stoking fears that President Bola Tinubu and the ruling All Progressives Congress (APC) may coast to a second term long before voters cast their ballots.
New tax law: NTPIC emphasises need for clear communication, public trust
By Cynthia Alo The National Tax Policy Implementation Committee (NTPIC) has continued its stakeholder engagement programme, convening a high-level consultative session with leading tax advisory firms, professional bodies and institutional representatives to support the effective implementation of Nigeria’s newly enacted tax laws. The institutions were represented by their national presidents, while the advisory firms were represented […]
Ten kidnap victims rescued after gun battle between security forces, bandits in Niger
A joint security team has rescued 10 suspected kidnap victims following a gun duel with bandits in Niger State, the police have confirmed.
Nigeria’s fintechs raise $520m, lead Africa amidst interest rate pressure — CBN
•Urges domestic funding to sustain fintech growth •Says over 60% of fintechs eye regional expansion By Babajide Komolafe, Economy Editor Nigeria’s fintech ecosystem remained Africa’s leading innovation hub in 2024, raising over $520 million in equity funding despite rising global interest rates and tightening financial conditions, the Central Bank of Nigeria (CBN) has disclosed. According to […]
Petrol, cooking gas prices fall year-on-year in December — NBS
By Progress Godfrey Abuja — Petrol and cooking gas prices declined year-on-year in December 2025, signalling a broader easing of household energy costs, according to separate reports released by the National Bureau of Statistics (NBS). Data from the bureau showed that both Liquefied Petroleum Gas (LPG), commonly used for cooking, and Premium Motor Spirit (PMS), […]
Nigeria loses $77.7bn to illicit financial flows in 10 years — Report
By Yinka Kolawole A new report by Global Financial Integrity (GFI), a United States-based think tank, has revealed that Nigeria lost a total of $77.7 billion to trade-related illicit financial flows (IFFs) over a period of 10 years, between 2013 and 2022. IFFs refer to cross-border movements of money or value that are illegally earned, transferred, or […]
Dollar to Naira exchange rate today, February 3, 2026
The Nigerian Naira maintained a stable trajectory against the United States Dollar during the Tuesday morning trading session, February 3, 2026.
Shisha epidemic sweeps Cross River: Young girls hooked on dangerous trend
By Emma Unah A disturbing trend has taken hold in Calabar, Cross River State, where young girls between 15 and 30 are increasingly getting hooked on shisha, a flavoured tobacco mixed with molasses and inhaled using a water pipe. These young women are easily recognizable with their king-size nose rings, multiple earrings, and ankle chains and […]
