Ima Gas Project Gets $800m Investment Boost
President Bola Tinubu has welcomed the $800 million Final Investment Decision for the Ima Gas Project. He said the development will help unlock a gas resource that has remained undeveloped for than 50 years. The project is being developed by AMNI International, an independent energy company in partnership with TotalEnergies. It is expected to produce […]
Redeemer’s Health Village, Nisa Premier Hospital Perform West Africa’s First Tele-Robotic Surgery
Redeemer’s Health Village Hospital, in collaboration with Nisa Premier Hospital, has completed West Africa’s first tele-robotic surgery, a right radical nephrectomy, marking a significant milestone in the region’s surgical care landscape. The procedure represents a major step forward in expanding access to complex surgical care and highlights the growing role of technology-driven healthcare in Nigeria. […]
Industrial Financing, Digital Inclusion and Business Growth Dominates Nigeria
FG, Manufacturers Seek Cheaper Industrial Financing The Federal Government and industry stakeholders have launched the Lagos Industrial Finance Compact to address the high cost of capital facing Nigerian manufacturers. The initiative aims to provide affordable, long-term financing and make local production more competitive than imports. Minister of State for Industry, John Enoh, said borrowing costs of around 27–30 per cent were discouraging investment in […]
GITEX Unveils MINT AFRICA, Targets $1.5tr Digital Payments Market
GITEX NIGERIA has launched MINT AFRICA by GITEX, a new platform designed to bring regulators, financial institutions, investors, and technology companies together to shape the future of Africa’s rapidly evolving financial sector. The platform was unveiled in Lagos during the recently concluded GITEX NIGERIA event and is scheduled to make its debut during GITEX NIGERIA week […]
FG Denies Nigeria, ECOWAS Backed Failed Coup in Niger
The Federal Government has dismissed reports alleging that Nigeria and the Economic Community of West African States (ECOWAS) supported the recent failed coup attempt in Niger Republic. The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, described the claims circulating on social media as baseless and irresponsible, accusing those behind them of deliberately misleading […]
Nigeria’s Economy Grows 4.4% in Q2 2026 – NBS Reports
Nigeria’s economy grew by 4.4 per cent year-on-year in the second quarter of 2026, representing a modest improvement from the 4.2 per cent growth recorded in the corresponding period of 2025. The National Bureau of Statistics (NBS), which released the latest Gross Domestic Product (GDP) figures on Monday, attributed the growth to improved performances in […]
Petrol Price Rises to N1,310, Fuelling Fears of N1,500 Per Litre
Fresh concerns have emerged over the rising cost of petrol in Nigeria after the pump price of Premium Motor Spirit (PMS) increased from N1,205 to N1,310 per litre, raising fears that the price could soon reach N1,500. The latest increase comes despite a decline in global crude oil prices, highlighting the growing influence of domestic […]
US Visa Pause Raises Fresh Concerns for Nigerians Seeking Immigration
Nigerians planning to relocate to the United States may face further uncertainty following the suspension of immigrant visa processing at US embassies and consulates worldwide under the Donald Trump administration. The US State Department confirmed that the adjustment began in early August, with some applicants whose interviews had already been scheduled reportedly receiving cancellation notices […]
MTN Eyes Banking Licences, AI Data Centres in Nigeria, South Africa
MTN Group is exploring the possibility of obtaining banking licences in selected markets as it seeks to expand its lending business and strengthen its fintech operations. The group’s Chief Executive Officer, Ralph Mupita, disclosed this on Tuesday while speaking with journalists, saying the licences could allow MTN to accept deposits and eventually lend directly to […]
South Side Boys: The Untold Story Behind Nigeria’s Wreckage
Four South Side boys. Early ’80s Chicago. Small enough geographic footprint that their paths almost had to cross in the same gritty neighborhoods, campuses, and parishes. Today those same four have left Nigeria a smoking wreck. Barack Obama.David Axelrod.Bola Tinubu (or whatever his real name is).And the brand-new American Pope, Leo XIV. They weren’t just […]
Deep Offshore Incentives Could Attract $50bn, Add 1m bpd – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has projected that the 2026 Deep Offshore Oil and Gas Project Incentives (Tax Remission) Executive Order could attract up to $50 billion in fresh investment and increase Nigeria’s crude oil and condensate production by about one million barrels per day. President Bola Tinubu approved the executive order on […]
Subsidy Reform: FG Spends N30.6tn to Cushion Economic Impact
The Federal Government says it spent N30.64 trillion between June 2023 and December 2025 to cushion the impact of economic reforms introduced by President Bola Tinubu, including the removal of petrol subsidy. According to the government, the reforms generated N15.8 trillion in additional resources for the Federation during the period. The figures were disclosed by […]