World Bank Flags Growing Gap Between Rich, Poor Economies
ABUJA, Nigeria – The global economy is showing unexpected resilience despite trade tensions and policy uncertainty, but this stability is concealing widening inequality between…
Business and Economy
FG Orders Emergency Repairs on Failing Lagos–Ota–Abeokuta Road
LAGOS, Nigeria – The Federal Government orders immediate emergency repairs on the Lagos–Ota–Abeokuta Road, responding to worsening failures and daily traffic gridlock along the…
NBS Explains Planned Adjustment of December Inflation After CPI Rebasing
ABUJA, Nigeria – Nigeria’s National Bureau of Statistics (NBS) announces plans to adjust December 2025 inflation figures to correct distortions caused by technical base…
Nigeria Commits ₦1.1tn to Power Sector in 2026 Budget
ABUJA, Nigeria – Nigeria earmarks ₦1.096 trillion for electricity infrastructure in its 2026 federal budget, signalling renewed efforts to tackle chronic power shortages that…
NDIC Recovers N24.3bn to Pay Heritage Bank Depositors
ABUJA, Nigeria – The Nigeria Deposit Insurance Corporation (NDIC) secures an additional ₦24.3 billion from the assets of the defunct Heritage Bank Limited to…
FG Unveils SOPs to Standardise Public Asset Maintenance
Abuja, Nigeria – The Federal Government rolls out new Standard Operating Procedures (SOPs) to strengthen and standardise the maintenance of public assets across Ministries,…
Update: Osun Government Rejects Ghost Worker Claims, Threatens Legal Action
OSUN, Nigeria – The Osun State Government has dismissed allegations that it padded its payroll with thousands of ghost workers, describing claims by Sally…
Lagos-Calabar Coastal Highway Will Be Tolled Upon Completion – Umahi
LAGOS, Nigeria – The Lagos-Calabar Coastal Highway will be tolled immediately when it is completed and officially inaugurated, Nigeria’s Minister of Works, David Umahi,…
FG Defends Tax Reforms, Says KPMG Misread New Laws
ABUJA, Nigeria – The Federal Government is pushing back against criticism of Nigeria’s newly enacted tax reforms, insisting that KPMG Nigeria has misinterpreted the…
Audit Alleges N13.7bn Annual Loss to Osun Ghost Workers
OSUN, Nigeria – A forensic audit firm accuses the Osun State Government of inserting 8,452 alleged ghost workers into its payroll, costing the state…