Business News

Asaba, Nigeria— The Delta State Civil Service Commission has directed the immediate retirement of over 200 civil servants found to have falsified their ages to prolong their tenure in public service. This decisive action was announced by Chief Roseline Amioku, Chairman of the Delta State Civil Service Commission and head of the ongoing state screening […]

Abuja, Nigeria — The House of Representatives Committee on Maritime Safety, Education, and Administration has sanctioned a ₦774.77 billion budget for the Nigerian Maritime Administration and Safety Agency (NIMASA) for the 2025 fiscal year. This decision emerged during a budget defence session in Abuja, where Committee Chairperson, Hon. Khadija Abba-Ibrahim, confirmed the figures following an […]

Abuja, Nigeria — The Corporate Affairs Commission (CAC) has launched an Artificial Intelligence (AI)-powered registration portal as part of its bold drive to revolutionize business registration processes in Nigeria. The announcement was made by the Registrar-General and Chief Executive Officer of CAC, Mr. Hussaini Ishaq Magaji, during the Commission’s 2025 stakeholders’ forum. According to Magaji, […]

Washington, D.C., USA — The International Monetary Fund (IMF) has called on the Federal Government of Nigeria to revise its 2025 budget of N54.99 trillion in response to lower-than-expected global oil prices. This recommendation was detailed in the IMF’s Article IV Consultation Report on Nigeria, released yesterday in Washington, D.C. The IMF projects Nigeria’s economy […]

Lagos, Nigeria— Guaranty Trust Bank Ltd. has announced a temporary adjustment to its branch operating hours nationwide to facilitate its mid-year audit process. The notification was issued to customers on Saturday, June 28, via email, detailing the bank’s plan to close all branches earlier than usual on Monday, June 30, 2025. In its official communication, […]

Abuja, Nigeria—The Peoples Democratic Party (PDP) has called on President Bola Tinubu to urgently review and reverse economic policies burdening Nigerians, particularly high fuel prices, electricity tariffs, and charges on essential services. In a statement issued Friday by its National Publicity Secretary, Debo Ologunagba, the PDP urged the government to use the Eid-el-Kabir season to […]

Lagos, Nigeria — Africa’s largest oil refinery, the Dangote Refinery, is now fully capable of meeting the fuel needs of Nigeria and the wider West African region, according to its founder and industrialist, Aliko Dangote. He made the declaration during a high-level visit by ECOWAS Commission President, Dr. Omar Alieu Touray, to the world-class facility […]

Abuja, Nigeria — Former Nigerian President Muhammadu Buhari has commended Dr. Akinwumi Adesina for what he described as an exceptional and historic tenure at the African Development Bank (AfDB), marking the end of Adesina’s two-term leadership of the continental financial institution. In a message of goodwill, Buhari expressed satisfaction with Adesina’s achievements, praising his transformative […]

Abuja, Nigeria— The World Bank has raised concerns over the Nigerian National Petroleum Company Limited’s (NNPCL) partial remittance of revenue gains following the removal of the Premium Motor Spirit (PMS) subsidy. This observation was detailed in the World Bank’s latest Nigeria Development Update (NDU), released in May 2025. The report indicates that despite the official […]