Economy
FG Approves Purchase of Two Communication Satellites to Boost Nigeria’s Digital Economy
The Federal Government of Nigeria has approved the purchase of two new communication satellites to strengthen the country’s digital infrastructure...
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PenCom Approves 1,173% Pension Increase for 2,116 NSITF Retirees
The National Pension Commission (PenCom) has approved a massive upward review of pensions for 2,116 retirees under the Nigeria Social...
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SMEDAN Gets Presidential Approval to Register 250,000 Businesses Free of Charge
The Small and Medium Enterprise Development Agency (SMEDAN) has secured presidential approval to register 250,000 businesses for free in collaboration...
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NCX Workers Urge Tinubu to Intervene as Exchange Faces Imminent Collapse
Workers of the Nigeria Commodity Exchange (NCX) have appealed to President Bola Ahmed Tinubu to urgently intervene and rescue the...
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Nigeria’s Currency in Circulation Hits Record ₦5.7 Trillion in December 2025 — CBN
The Central Bank of Nigeria (CBN) has disclosed that the country’s currency in circulation rose to ₦5.7 trillion as of...
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LCCI Raises Alarm Over Second National Grid Collapse in Five Days, Calls for Urgent Reforms
The Lagos Chamber of Commerce and Industry (LCCI) has expressed serious concern over the second national grid collapse in just...
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CBN Grants Temporary Approval for Use of Expired NAFDAC Licences in Import Documentation
The Central Bank of Nigeria (CBN) has approved a temporary window allowing importers to use expired National Agency for Food...
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World Bank Ranks Nigerian Firms Fifth Globally in Development Contracts
The World Bank has revealed that Nigerian companies are among the biggest beneficiaries of development procurement globally, ranking fifth worldwide...
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FG Sets Aside N145m for Fish Feed Mills, Allocates N149bn to Marine and Blue Economy in 2026 Budget
The Federal Government has earmarked N145 million in the 2026 Appropriation Bill for the construction of 10-tonne capacity local fish...
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FG Policy Committee Recommends Closure of Rice Import Windows as Nigeria Spends Over N1tn on Imports
A Federal Government–backed agribusiness policy committee has recommended the formal closure of existing rice import windows, citing easing food inflation...
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