Investors Pour N2.89trn into One-Year T-Bills as Demand Surges
Investors have shown overwhelming appetite for Nigerian Treasury bills, with subscriptions hitting ₦2.89 trillion at the latest auction—more than three times the ₦800 billion offered for the one-year instrument. The…
Lagos Shortlet Market Growth Slows to ₦285.5bn Amid Ban, Tax Changes
Nigeria’s shortlet market, particularly in , is entering a new phase of slower growth as regulatory crackdowns, tax reforms, and rising competition reshape the once fast-expanding sector. A new report…
Nigeria Power Crisis Deepens as GenCos Struggle with Gas Debt, Grid Instability
Nigeria’s electricity sector is facing renewed pressure as mounting debts owed by Generation Companies (GenCos) to gas suppliers disrupt fuel supply, triggering widespread grid instability and persistent blackouts. Industry players…
Nigeria, UK Seal $990m Deal to Upgrade Lagos Ports
Nigeria and the United Kingdom have signed a £746 million ($990 million) export finance agreement to modernise two of Nigeria’s major seaports, marking a significant boost to trade infrastructure. The…
Oyo Govt to Launch Loan Scheme for Youths in Agribusiness
The has unveiled plans to roll out a new loan scheme aimed at empowering young people in agriculture and boosting food production. The initiative, driven by the (OYSADA), is set…
Nigeria Economy Resilient to Global Shocks, CBN Declares
Nigeria’s economy shows stronger resilience to global shocks, according to the Central Bank of Nigeria (CBN). The apex bank says recent reforms now support stability and steady growth. CBN Governor…
Real Estate Fraud, Money Laundering Threaten Nigeria’s Property Market — Expert Warns
Nigeria’s real estate sector, a key driver of economic growth, is increasingly under threat from fraud, fake developers, and weak regulatory oversight, according to a legal expert. A senior advocate,…
APC Challenges Gwagwalada Election, Demands Fresh Poll
The (APC) has challenged the outcome of the Gwagwalada Area Council chairmanship election, seeking a fresh poll over alleged irregularities. The party’s candidate, , filed a petition before the election…
Umahi Invites EFCC, ICPC to Probe Works Ministry Projects
The Minister of Works, , has called on anti-graft agencies to investigate contracts and ongoing projects under the ministry in a move to reinforce transparency and accountability. Umahi invited the…
Ebonyi Govt Moves to Cap Rent Agent Fees at 2%
The has announced plans to regulate rent and agent charges through a proposed executive bill aimed at protecting tenants from exploitation. The Commissioner for Information, , disclosed that the bill…