BUSINESS
NLC Shuts Down Jos DisCo Over Tariff Increase
The Nigerian Labour Congress (NLC) has shut down the headquarters of Jos Electricity Distribution Company (JEDC) in Plateau State over electricity tariff hike. Our correspondent...
Tears And Turmoil In Makoko: Residents Decry Lagos Demolition, Allege Land Sale As Government Insists Action Was for Public Safety
LAGOS — Grief, anger, and confusion have gripped Makoko waterfront, one of Lagos’s most iconic informal settlements, as residents continue to lament the recent...
WTO: Okonjo-Iweala To Seek Second Term DG
Ngozi Okonjo-Iweala, the first woman and first African to head the World Trade Organization, will seek a second four-year term when her mandate expires...
Banks Struggle As Bad Loans Hit ₦21.2 Trillion: FX Shocks, Soaring Interest Rates, And End Of COVID Forbearance Fuel Defaults
Nigeria’s banking sector is grappling with a surge in bad loans as rising interest rates, foreign exchange volatility, and the withdrawal of COVID-era loan...
Hold Bank CEOs For New Naira Notes Scarcity, Buhari Tells Nigerians
President Muhammadu Buhari has indicted some banks’ Chief Executive Officers, and CEOs on the scarcity of the naira notes in circulation, accusing them of...
Nine Local Banks Generate ₦14tn In Loan Interest Amid Interest Rate Hikes
In 2024, nine Nigerian banks earned a total of N14.26 trillion in interest revenue, according to an examination of the financial institutions' audited financial...
Billionaire Daughter, Hauwa Indimi, Laments High Cost Of Tomato
Hauwa Indimi-Yar'adua, the daughter of billionaire oil entrepreneur Mohammed Indimi, has expressed concern about growing food prices in the country. Taking to her verified Instagram...
Nigeria Makes World Bank’s List Of Top Debtors
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal Year 2021 audited financial statements, known as the IDA financial statement, showed that Nigeria was rated fif...
N200/SCM Vs N1,000/Litre Petrol: Tinubu Introduces CNG As Cheaper Alternative To Petrol
President Bola Tinubu says Nigerian motorists now have the option of buying fuel at N1,000 per litre or gas equivalent at N200 per Standard...
Naira Extends Rally, Strengthens To ₦1,371/$ As Market Liquidity Improves
The Nigerian Naira continued its upward momentum against the U.S. Dollar on Thursday, February 5, 2026, extending its winning streak in both the official...
