Petrol Price Hike Fears Rise as Crude Hits $114 Per Barrel
Petrol price hike fears are growing in Nigeria after crude oil surged to $114 per barrel. The sharp increase has raised concerns about further fuel price adjustments across the country.…
Supreme Court Rules Estate Agent Cannot Claim Commission for Mere Introduction of Buyer
Philip Kayode Olusegun Ojo, trading as P.K. Ojo & Co., had claimed commission from SDV Nigeria Limited for allegedly introducing the company to a property at Awodiora Industrial Estate, Kirikiri,…
Power Minister Confirms Federal Government Addressing Gas Shortages Affecting GenCos
The federal government has said it is actively taking measures to address persistent gas supply shortages affecting Nigeria’s Generation Companies (GenCos), which have constrained electricity production nationwide. The assurance was…
Lagos Launches E-System to Speed Up Building Permit Approvals
The Lagos State Government has introduced a new electronic platform aimed at simplifying and accelerating the process of obtaining building permits across the state. The initiative was disclosed by the…
42% of Nigerians Say Bank Loan Interest Rates Are High – CBN Survey February 2026
A recent Central Bank of Nigeria (CBN) survey shows that 42.7 percent of Nigerians perceive bank loan interest rates as high over the past three months. The findings are part…
N24bn Public Projects Abandoned Across Nigerian States — Report
BudgIT’s Tracka platform has revealed that public projects worth over ₦24 billion across several Nigerian states were abandoned, unexecuted, or fraudulently delivered. The findings expose serious gaps in governance, accountability,…
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…