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    Friday, October 10
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      Nigerian Celebrity chef, Hilda Baci

      Hilda Baci sets record for largest serving of Nigerian jollof rice

      September 15, 2025

      Fire guts Ayefele’s Fresh FM in Ibadan

      August 15, 2025
      Emergency plane landing at Birmingham airport

      BREAKING: Birmingham airport closes temporarily after emergency landing

      August 6, 2025
      Arise Anchor

      Police rescue six kidnapped law students in Benue

      August 1, 2025
      Bawa Kaltungo represented Ola Olukoyode

      Olukoyode urges youths to channel creativity towards nation building

      19 seconds ago
      President Tinubu approves 959 national honours and police funding reforms at key council meetings.

      Tinubu approves 959 national honours, police funding reforms

      15 minutes ago
      President Tinubu grants presidential pardon to 175 individuals, including Herbert Macaulay and Mamman Vatsa.

      Council of State approves presidential pardon for 175, including Herbert Macaulay, Mamman Vatsa

      22 minutes ago
      Governor Seyi Makinde criticises Works Minister David Umahi over lack of transparency in Lagos-Calabar Coastal Highway project costs.

      Makinde criticises Minister Umahi over coastal highway cost controversy

      28 minutes ago
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      Kayode Ojo

      APC disqualifies Kayode Ojo from Ekiti guber race

      16 hours ago
      APC

      APC mocks ADC’s 2027 presidential ambitions as ‘political comedy’

      17 hours ago
      Badenoch demands Rayner’s sacking over tax admission

      Badenoch warns high immigration levels are harming UK communities

      October 7, 2025
      Uche Nnaji bows to Tinubu’s pressure, resigns over certificate forgery allegations

      Uche Nnaji bows to Tinubu’s pressure, resigns over certificate forgery allegations

      October 7, 2025
      APC

      Lagos APC defends demolition of illegal structures, cites public safety, urban order

      October 7, 2025
    • Sports
      Galatasaray manager Okan Buruk expresses concern over Victor Osimhen’s injury on international duty.

      Napoli, Lille face legal probe over €70m Osimhen transfer deal

      23 hours ago
      Ratcliffe

      Ratcliffe backs Amorim with three-year mandate to steady Man Utd

      October 9, 2025
      Nigeria’s Flying Eagles

      Argentina beat Flying Eagles, halt World Cup campaign

      October 9, 2025
      Nigeria's D'Tigress team

      D’Tigress draw tough opponents in 2026 FIBA World Cup qualifiers

      October 8, 2025
      FIFA

      Nigeria boosts global football influence with four FIFA committee seats

      October 8, 2025
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      Tesla

      Tesla warns Trump’s trade war could hurt U.S automakers

      March 14, 2025
      38 hurt as United flight from Nigeria to D.C. experiences 'unexpected aircraft movement,' officials say

      United Airlines faces scrutiny after second incident on Lagos-D.C route

      January 27, 2025

      Emirates lures Nigerian travellers with transit visa

      October 31, 2024
      Dangote Petroleum Refinery rejects marketers’ demand for ₦1.5 trillion subsidy on logistics costs.

      Dangote refinery set to determine petrol price from October 

      September 6, 2024
      Amid economic woes, mixed reactions trail lingering rent hikes

      Amid economic woes, mixed reactions trail lingering rent hikes

      February 11, 2025

      UK mortgage approvals unexpectedly drop

      January 4, 2025

      Types of houses N50m can buy in Lagos

      December 8, 2024
      Tinubu

      Northern Nigeria’s development key to national prosperity – Tinubu

      November 19, 2024
      President Tinubu warns underperforming marginal oil field licence holders to exit the sector during GEIL terminal commissioning in Rivers State.

      Tinubu warns inactive marginal oil field licence holders to exit industry

      21 hours ago
      Bulk petroleum retailers challenged NNPCL CEO Bayo Ojulari’s claims on Port Harcourt refinery losses, urging President Tinubu to revive public refineries for national growth.

      Ojulari confident Nigeria’s oil production to hit 1.8m BPD before year-end

      October 6, 2025
      Kashim Shettima represents Bola Tinubu

      Tinubu justifies N200bn MSME fund, cites Nigerians’ sacrifices for economic progress

      October 6, 2025
      Governor Biodun Oyebanji

      Oyebanji praises Ekiti budget performance, directs MDAs to form implementation teams

      October 6, 2025
    • Health
      WHO Logo

      WHO pushes for mental health integration in Africa after landmark global resolution

      18 hours ago
      The Chairman of the National Eye Health Committee of the Nigerian Medical Association (NMA), Prof Afekhide Omoti, has emphasised that prioritising vision

      Health ministry urges Nigerians to promote eye health in their communities

      18 hours ago
      The Lagos State Health Facility Monitoring and Accreditation Agency (HEFAMAA) has reaffirmed its determination to stamp out quackery in the health sector while assuring

      HEFAMAA steps up fight against quackery, assures Lagosians of safer healthcare delivery

      20 hours ago
      WHO Logo

      WHO urges African governments to prioritise eye health as vision crisis deepens

      October 8, 2025
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      Vision care crucial to national development, says NMA eye health chair

      October 8, 2025
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      A picture of a pocket-friendly state

      Pocket-friendly states to dirty December in Nigeria

      24 hours ago
      Picture depicting night or morning

      Night or Morning: Explaining Norway’s unique weather

      October 9, 2025
      Nigerians protesting against fuel subsidy removal

      The real cost of fuel subsidy in Nigeria

      October 9, 2025
      National Assembly

      Explainer: Role of Nigeria’s National Assembly

      October 3, 2025
      A church

      Rise of Pentecostal Churches in Nigeria

      September 26, 2025
      Rivers' First lady Valerie Fubara

      Valerie Fubara, quiet power behind Rivers State’s first family

      August 6, 2025
      Tinubu

      Power for Power’s Sake: The Pretenders Behind ADA and 2027

      June 22, 2025
      Atiku abubakar, Rotimi Amaechi, peter obi, Nasir El-Rufai

      Futility of selfish coalitions: When disgruntled politicians gang up against progress

      May 26, 2025
      If you plan to be wealthy, don’t live in Britain

      If you plan to be wealthy, don’t live in Britain

      October 8, 2025
      Agbamuche-Mbu

      Agbamuche-Mbu: Woman who broke barriers to lead INEC

      October 7, 2025
      What does the certificate forgery allegation against the Minister of Science and Technology, Uche Nnaji, say about the Tinubu administration?

      Ikorodu: From odu’s farmland to Lagos’ fast-growing city

      October 7, 2025
      Chinese in Nigeria

      Chinese footprint in Nigeria grows bigger

      September 29, 2025
    • Tourism
      Ogun State Governor, Dapo Abiodun and Chief Nike Davies-Okundaye.

      Ogun govt projects rise in Olumo Rock Tourist visits to 100,000

      May 1, 2025
      Uncovering Nigeria’s Hidden Gems: Unique Tourist Destinations

      Uncovering Nigeria’s Hidden Gems: Unique Tourist Destinations

      January 24, 2025
      Calabar carnival

      Top highlights from Calabar carnival 2024: vibrant costumes, culture

      December 30, 2024

      Arts and Vibes showcases in Lagos to promote Northern Nigeria

      November 11, 2024

      UK Govt plans tourist tax for hotels, BnBs in England

      November 3, 2024
    • World News
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      Sir Tony Blair

      Hamas rejects Trump Blair proposal to govern Gaza after ceasefire deal

      12 hours ago
      Gaza

      Aussie activists allege abuse by Israeli forces after Gaza aid mission

      August 1, 2025
      Mark Carney becomes Canada’s Prime Minister as Trade War with Trump heats up

      PM Carney: Canada to recognise Palestinian state September

      July 31, 2025
      US withdraws from Gaza ceasefire talks

      US withdraws from Gaza ceasefire talks

      July 25, 2025
      Kim Jong Un hosts China and Russia officials at 80th anniversary of North Korea’s ruling party with military parade expected.

      Kim Jong Un celebrates 80 years of workers’ party rule with Chinese, Russian support

      10 minutes ago
      Pakistan Warns India

      Chances of war are real, Pakistan warns India after 11 soldiers killed

      11 hours ago
      U.S president Donald Trump

      Can Donald Trump win Nobel Peace Prize?

      11 hours ago
      Sir Tony Blair

      Hamas rejects Trump Blair proposal to govern Gaza after ceasefire deal

      12 hours ago
    • Education
      1. Scholarship
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      NEWCASTLE UNIVERSITY

      Fully funded postgraduate scholarships at Newcastle university UK – 2025/2026

      June 14, 2025
      ETH university building

      ETH Zurich invites applications for 13 fully funded PhD scholarships

      June 14, 2025
      Raphael Bruno

      Raphael Bruno, prolific Brazilian writer, actor, launches new book

      March 30, 2025

      Top Christmas books for the holiday season

      December 2, 2024

      Childbirth: A Sacrifice Worthy of Reward, Not Just Routine

      October 3, 2024
      Chandler Moore and other crew of Sons of Sunday worshipping

      Sunday morning playlist: Worship songs to listen to before church

      March 16, 2025
      Tems becomes first Nigerian female to win two Grammys

      Tems joins Sade Adu in historic Grammy feat

      February 3, 2025

      Spotify Wrapped 2024: The most interesting an

      November 29, 2024

      Update your Christmas playlist with these 2024 Christmas songs releases

      November 27, 2024
      Palace of Olubadan of Ibadan

      FULL LIST: Names of present and past Olubadan of Ibadan

      September 26, 2025
      Minister of Education Dr Tunji Alausa addresses unutilised TETFund allocations, urging tertiary institutions to submit reports within 30 days.

      No payment of any fee at federal technical colleges, says Minister 

      September 24, 2025
      JAMB logo

      Ekiti parents ask FG to reverse JAMB age limit rule

      September 21, 2025
      Governor Babajide Sanwo-Olu addressing APC stakeholders ahead of Lagos Local Government Elections.

      Lagos govt begins comprehensive survey of private schools

      September 18, 2025
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    Home - Economy

    Economy

    President Tinubu warns underperforming marginal oil field licence holders to exit the sector during GEIL terminal commissioning in Rivers State.

    Tinubu warns inactive marginal oil field licence holders to exit industry

    Economy 21 hours ago2 Mins Read
    Bulk petroleum retailers challenged NNPCL CEO Bayo Ojulari’s claims on Port Harcourt refinery losses, urging President Tinubu to revive public refineries for national growth.

    Ojulari confident Nigeria’s oil production to hit 1.8m BPD before year-end

    Economy October 6, 20252 Mins Read
    Kashim Shettima represents Bola Tinubu

    Tinubu justifies N200bn MSME fund, cites Nigerians’ sacrifices for economic progress

    Economy October 6, 20254 Mins Read
    Governor Biodun Oyebanji

    Oyebanji praises Ekiti budget performance, directs MDAs to form implementation teams

    Economy October 6, 20253 Mins Read

    Alake urges Africa to end resource dependence, become global mining hub

    October 6, 2025
    Nigeria may soon see a major shift in how money moves across the country, as the Nigeria Interbank Settlement System (NIBSS) prepares

    NIBSS to scrap instant payment fees as Nigeria eyes smart economy

    October 3, 2025
    Chart showing Nigeria’s monthly external debt service payments from January to August 2025, highlighting fluctuations and overall decline from 2024.

    Nigeria spends $2.86bn on external debt servicing in first eight months of 2025

    October 2, 2025
    APC’s Ayo Oyalowo says Tinubu still has strong support in northern Nigeria.

    “We’ll continue to fix economy” – Tinubu assures citizens 

    October 1, 2025
    Lagos State Attorney General Lawal Pedro addressing a press briefing on the recovery of N1.5bn in outstanding taxes and justice reforms.

    Lagos recovers N1.5bn tax from bank, boosts justice reforms — AG Pedro

    October 1, 2025
    Governor Lucky Aiyedatiwa and FAO representative

    Ondo govt, FAO partner on food security, land reforms

    Economy September 30, 20253 Mins Read

    Governor Lucky Aiyedatiwa of Ondo State has committed his administration to sustaining collaboration with the Food and Agriculture Organisation (FAO) of the United Nations to bolster food security, youth empowerment, and land reforms in the state. The governor gave the assurance while hosting a team led by the FAO Representative in Nigeria and to ECOWAS, Hussein Gadain, on a courtesy visit in Akure. Aiyedatiwa expressed satisfaction with the progress of…

    PENGASSAN suspends strike against Dangote Refinery after FG talks, warns of quick return if terms are broken.

    Dangote refinery row: Nationwide blackout looms as PENGASSAN begins strike today

    Economy September 29, 20255 Mins Read

    Nigeria may be plunged into darkness from Monday as power generation companies warn of an imminent shutdown of thermal plants, following directives from the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). Joy Ogaji, Executive Secretary of the Association of Power Generating Companies, sounded the alarm in a WhatsApp message on Sunday, disclosing that gas suppliers had already notified power firms to halt deliveries in compliance with the…

    PenCom raises capital requirements for pension fund administrators and custodians, setting a N20 billion minimum with a 2026 compliance deadline.

    PenCom raises capital requirements for pension fund operators

    Economy September 28, 20251 Min Read

    The National Pension Commission (PenCom) has announced new capital requirements for pension fund administrators (PFAs) and pension fund custodians (PFCs) as part of its ongoing Pension Revolution 2.0 initiative. PenCom increased the minimum capital threshold from N2 billion to N20 billion for PFAs managing assets of N500 billion and above, and for PFCs with custody of less than N500 billion in assets. Special Purpose PFAs, such as the Nigerian Police…

    AfDB

    Nigeria secures AfDB funding for SAPZ expansion, strengthens Africa-Caribbean ties

    Economy September 28, 20252 Mins Read

    Dr Tah affirmed the AfDB’s commitment to mobilising global capital for Africa’s transformation, focusing on job creation and industrialisation.

    Aliko Dangote addresses investment challenges and defends Dangote Refinery’s fuel distribution amid monopoly and labour dispute claims.

    Dangote refinery resumes naira fuel sales after FG intervention

    Economy September 27, 20252 Mins Read

    The Dangote Petroleum Refinery has backtracked on its earlier decision to halt petrol sales in naira, confirming on Saturday that transactions in the local currency have resumed following federal intervention. In a memo to fuel marketers, the refinery cited the role of the Naira-for-Crude Technical Committee in resolving the impasse. “Following the intervention of the Naira for Crude Technical Committee Chairman, we are pleased to inform you of the resumption…

    PENGASSAN suspends strike against Dangote Refinery after FG talks, warns of quick return if terms are broken.

    Dangote refinery suspends naira petrol sales over crude shortfall

    Economy September 27, 20252 Mins Read

    The Dangote Petroleum Refinery has announced it will no longer sell petrol in naira, a move that has unsettled fuel marketers and reignited concerns over possible hikes in pump prices and forex pressures. In an email to customers sent at 6:42 p.m. on Friday, the refinery said the suspension takes effect from Sunday, September 28, 2025, blaming the decision on the exhaustion of its crude-for-naira quota. The notice, signed by…

    NNPC remits N8.86 trillion to Federation and marks historic return to Ogoniland focused on justice, reconciliation, and community development.

    NNPC revenue hits N4.655trn as production dips amid maintenance

    Economy September 26, 20252 Mins Read

    The Nigerian National Petroleum Company Limited (NNPC) reported cumulative revenue of N4.655 trillion as of August 2025, up from N4.406 trillion in July, despite a decline in crude oil and natural gas production due to scheduled maintenance. According to monthly reports obtained by PUNCH Online on Friday, the company’s profit after tax surged to N539 billion in August, a significant increase from N185 billion recorded in July. Statutory payments to…

    Bola Tinubu and Oba Rashidi Adewolu Ladoja

    Tinubu hails economic recovery at Olubadan’s coronation

    Economy September 26, 20252 Mins Read

    By Ismaeel Aleem  President Bola Tinubu on Friday declared that Nigeria’s economy has “turned the corner” during his address at the coronation of the 44th Olubadan of Ibadanland, Rashidi Ladoja, in Ibadan, Oyo State. Tinubu attributed the success of his administration’s economic reforms, initiated over two years ago, to the resilience and support of Nigerians. He assured citizens they would soon reap the benefits of these reforms, stating, “There is now…

    Representatives of Lagos Government and Export Promotion Committee

    Lagos govt challenges export committee to make state Africa’s non-oil export hub

    Economy September 26, 20252 Mins Read

    The Lagos State Government has tasked its Export Promotion Committee with intensifying efforts to establish the state as the premier hub for non-oil exports in Nigeria and across Africa. The directive was issued by the Permanent Secretary of the Ministry of Commerce, Cooperatives, Trade and Investment (MCCTI), Olugbemiga Aina, at a recent committee meeting. Aina stressed the urgency of diversifying the state’s economy by leveraging its strengths in products like…

    CBN officials launch a nationwide campaign in Abuja to promote proper handling of naira banknotes and reduce currency replacement costs.

    CBN warns against poor handling of Naira notes amid rising costs

    Economy September 25, 20253 Mins Read

    The Central Bank of Nigeria (CBN) has raised concerns over the increasing costs of printing and replacing naira banknotes due to widespread abuse and poor handling. The warning was issued during the launch of a nationwide sensitisation campaign themed “Naira Our Pride: Handle with Care” in Abuja on Wednesday. Deputy Governor, Operations Directorate, Dr Bala Bello, speaking through Dr Adedeji Adetona, Director of Currency Operations and Branch Management, stressed that…

    Oil pipelines in Nigeria symbolising crude theft and losses.

    Nigeria loses N8.41tn to oil theft, metering errors in four years

    Economy September 24, 20253 Mins Read

    Nigeria has lost crude oil valued at an estimated N8.41 trillion to theft and metering deficiencies between 2021 and July 2025, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The regulator noted that daily crude losses have fallen to their lowest level in nearly 16 years, but experts warn that the cumulative economic impact remains severe and reflects systemic governance failures in the oil sector. NUPRC data…

    FIRS Chairman Zacch Adedeji addresses government borrowing and budget policy during a press briefing in Abuja.

    Borrowing not a sign of weakness, says FIRS chair Adedeji

    Economy September 24, 20253 Mins Read

    ABUJA — The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has asserted that borrowing should not be viewed as a flaw in Nigeria’s financial system, but rather as a routine and necessary element of public finance. Speaking during a press briefing in Abuja, Adedeji clarified that the administration of President Bola Tinubu has already taken decisive steps to end the controversial “Ways and Means” financing mechanism,…

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