High and multiple taxation, insecurity, and elevated interest rates remained the biggest challenges facing Nigerian businesses, according to the Central Bank of Nigeria (CBN). It revealed this in its latest Business Expectations Survey (BES) for June 2026, conducted by the CBN's Statistics Department with responses from 1,900 businesses with a 96.5 percent response rate. The …
Dangote Petroleum Refinery has ended naira-denominated sales of its refined petroleum products, shifting to a new dollar-based pricing system for petrol, diesel, and aviation fuel. The move marks a significant change from the naira-for-crude arrangement that began in October 2024, shortly after the refinery commenced commercial operations. In a notice sent to marketers, the refinery …
Two Nigerian nationals are set to face trial in Ghana over the alleged murder of a fellow Nigerian in what investigators believe was a dispute over proceeds from suspected internet fraud activities. The suspects, identified as Daniel Victor Eze and David Oko Ewa, were arrested by the Northern Regional Police Command after the body of …
The House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant-General of the Federation (OAGF) to submit a detailed report on outstanding operating surplus and other revenues allegedly owed to the Federal Government by the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL) and other government agencies. …
Team qualifies through national and African championships, marking Nigeria's debut at the global competition in China. Four Nigerian students are set to make history as the country's first-ever representatives at the 2026 Spelling Bee World Cup in Shanghai, China. The team comprises Oluwadamilola Adeolu, Abdurrahman Yusuf, Chinedu Okediachi, and Maryam Yusuf, who secured Nigeria's …
The Conservative leader urges Labour to retain the proposed 10-year route to permanent residency, saying work visas should not guarantee settlement. Leader of the UK Conservative Party, Kemi Badenoch, has urged the Labour government to retain its proposed 10-year qualifying period for indefinite leave to remain (ILR), insisting that temporary work visas should not …
The Presidency has criticised Oyo State Governor Seyi Makinde over his call for a United Nations-led investigation into the abduction of pupils and teachers in the state, describing the request as unnecessary and politically motivated. Makinde made the call on Monday while formally taking over the welfare, rehabilitation and education of the 45 rescued victims, …
Nigerian government says private capital is critical to ending poverty as UN highlights gains in health, education and humanitarian interventions. The Federal Government and the United Nations (UN) have reaffirmed their commitment to accelerating the implementation of the Sustainable Development Goals (SDGs), with a renewed focus on innovative financing, poverty reduction, social protection and …
The Federal Government has unveiled a new operational framework aimed at strengthening the reintegration of former terrorists and other individuals involved in armed violence, as part of efforts to promote lasting peace and improve security across the country. The initiative was unveiled on Monday in Abuja by the National Counter Terrorism Centre (NCTC) under the …
Defence Headquarters says electronic materials cited by a US official were recovered by Nigerian troops during earlier operations and handed over under bilateral counter-terrorism cooperation. The Defence Headquarters (DHQ) has dismissed claims by a senior United States official that American forces seized a large cache of electronic intelligence materials from terrorists during an operation …
