News
Banks lend N15. 66 trillion to government in one year " CBN
3+ hour, 9+ min ago (450+ words) Banks in Nigeria increased their lending to the federal government significantly over the past year, according to data from the Central Bank of Nigeria. The figures show that credit given to the government rose from N23. 93 trillion in April 2025 to N39. 60 trillion…...
Transport costs, inflation threaten fresh palm oil price surge
2+ week, 3+ hour ago (232+ words) Palm oil consumers and traders across Benin City have described recent price reductions as "a fragile relief, warning unstable supplies, transportation expenses, and persistent inflationary pressures could trigger another increase. A News Agency of Nigeria (NAN) survey at Oba, New…...
Experts attribute rising cooking gas prices to Middle East tensions, forex volatility
2+ week, 10+ hour ago (913+ words) Experts say rising global energy prices, exchange rate volatility, and supply distribution challenges are driving up the cost of Liquefied Petroleum Gas (LPG), popularly known as cooking gas in Nigeria. The experts said this in an interview with the News…...
Lagos Food Hubs Record "3. 8bn Transactions
2+ week, 1+ day ago (398+ words) BREAKING: Man arraigned over alleged N2. 8m stolen money The Lagos State Government has disclosed that its food hub initiative recorded transactions worth over "3. 8 billion as the state moves to expand structured agro-produce markets across strategic locations. Commissioner for Agriculture and Food…...
Breaking: Nigeria's Inflation balloons to 15. 69% in April
2+ week, 2+ day ago (360+ words) BREAKING: Man arraigned over alleged N2. 8m stolen money Nigeria's headline inflation rate rose to 15. 69 per cent in April 2026, up from 15. 38 per cent recorded in March, according to the latest Consumer Price Index report released by the National Bureau of Statistics (NBS)…...
Lagos targets N16. 14tn Food Economy with Mega Infrastructure push
2+ week, 2+ day ago (553+ words) BREAKING: Man arraigned over alleged N2. 8m stolen money The Lagos State Government has intensified efforts to transform agriculture into a multi-trillion-naira economic sector, unveiling major infrastructure and market reforms aimed at strengthening the state's N16. 14 trillion food economy. Speaking during the 2026 Ministerial…...
EDITORIAL: The Cost of Living Crisis is Becoming a National Emergency
3+ week, 3+ day ago (554+ words) BREAKING: Breaking: Obidient Movement sacks Peter Obi, Yunusa, rebrands ahead of 2027 Across Nigeria today, millions of citizens are carrying a burden that grows heavier with each passing week. Nigerians are not merely complaining anymore; many are now exhausted. In homes,…...
Jigawa govt empowers tipper operators with excavators, load-bed machines
3+ week, 3+ day ago (358+ words) BREAKING: Breaking: Obidient Movement sacks Peter Obi, Yunusa, rebrands ahead of 2027 Jigawa State Government has reiterated its commitment to empowering key stakeholders in the state's economy through targeted support that enhances capacity, boosts productivity, and promotes sustainable growth across critical…...
Lagos unveils bold industrial policy to drive GDP growth, unlock investment
1+ mon, 4+ day ago (429+ words) BREAKING: Iranians "don't know' who their leader is " Trump claims The Lagos State Government has launched an ambitious Industrial Policy (2025"2030) designed to reposition the state as Africa's leading industrial hub, with a strong focus on boosting productivity, attracting investment and…...
Sanusi hits FG over borrowing spree despite ending costly subsidy regime
1+ mon, 1+ week ago (413+ words) BREAKING: Iranians "don't know' who their leader is " Trump claims The Emir of Kano, Muhammadu Sanusi II, has raised fresh concerns over Nigeria's fiscal direction, questioning the Federal Government's continued reliance on borrowing despite the removal of petrol subsidy. Speaking…...