Economy

FG approves Chinese electric vehicle factories in Nigeria

The Federal Government has given approval for China to set up electric vehicle factories…

FG finalises legal frameworks for African Energy Bank, set for takeoff

The Federal Government has completed the essential legal and governance frameworks necessary for the…

FG launches online portal to speed up citizenship, business permits

The Federal Government has launched a new online platform to help Nigerians and businesses…

Inflation rises above 30% in Abuja, 10 other states

Despite a slight drop in Nigeria’s overall inflation rate, at least 10 states and…

Creative industry will contribute $100bn to economy 2030 – Tourism minister

The Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musawa, says her…

Lagos postpones 2025 public service exams to May 23

The Lagos State Government has postponed the 2025 Public Service Examinations, which were earlier…

Dangote refinery gives N10 refund on petrol to marketers

The Dangote Petroleum Refinery has quietly reduced the cost of petrol by offering a…

Dangote defends refinery, says it can meet Nigeria’s fuel needs

The Dangote Petroleum Refinery has replied to claims from oil marketers who say the…

Poultry farmers cry out over low egg sales

Egg producers in Nigeria are begging the government for help as they struggle with…

UAE to invest in $25bn Nigeria-Morocco gas pipeline project

The United Arab Emirates has joined as a major investor in a large gas…

UK to restrict visa applications for Nigerians, others

The United Kingdom is planning to tighten visa rules for people coming from countries…

Nigeria loses over N2bn yearly to poor electricity – UNDP

The United Nations Development Programme has said Nigeria loses more than N2 billion every…

Trump slams 100% tariff on foreign films, calls them threats

United States President Donald Trump has announced a 100% tariff on all foreign films,…

Nigeria not worse off than 1960, Presidency disagrees with AfDB

The Nigerian Presidency has disagreed with comments made by the outgoing President of the…

Oil prices drop over 3% as OPEC+ nations raise output

Oil prices fell sharply on Monday, May 5, 2025, after eight oil-producing countries under…