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Nigeria Faces Investment Slowdown Ahead of 2027 Elections

27.01.2026
The Association of Corporate Treasurers of Nigeria and renowned economic analyst Bismarck Rewane have warned that investment activity may remain subdued as monetary authorities adopt a cautious policy stance ahead of the general elections. Speaking at the ACTN Economic Outlook 2026 held recently in Lagos, themed ‘Positioning Corporate Treasuries for Growth: Leveraging Stability in FX...
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Foundation Distributes Food to 1,000 Nigerian Households

27.01.2026
The Margaret Modinat Foundation has distributed food items to over 1,000 beneficiaries across communities in Ogun and Lagos states as part of its humanitarian outreach aimed at supporting vulnerable households. The founder of the foundation, Princess Olanrewaju Osibote, disclosed this during the outreach exercise held recently in separate locations across the two states. She noted...
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FG Plots Coordinates to Resolve Oil Well Disputes

27.01.2026
The Revenue Mobilisation Allocation and Fiscal Commission, an agency of the Federal Government, has urged oil-producing states to fully cooperate in the ongoing exercise to resolve disputes over oil and gas wells by plotting verified coordinates. Chairman of the commission, Dr Mohammed Shehu, made the call on Monday in Abuja at the flag-off of the...
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Panel advises freeze on N1tn Nigeria rice imports

27.01.2026
A Federal Government–backed agribusiness policy committee has recommended the formal closure of current rice import windows, citing falling food inflation and evidence that Nigeria’s rice surplus is being driven largely by high import volumes rather than domestic production capacity. The recommendation comes as Nigerians spend over N1tn importing about 2.4 million metric tonnes of rice...
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NNPC, Chevron oil discovery to boost production to 146,000bp

27.01.2026
The Nigerian National Petroleum Company Limited and Chevron Nigeria Limited are planning to increase oil production at their joint venture to 146,000 barrels per day, aiming to boost government revenue. This was as the NNPC congratulated Chevron, operator of the NNPC Ltd/CNL Joint Venture, on the successful completion of the Awodi-07 appraisal and exploration well...
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Aviation Unions Reject Nigeria’s Airport Concession Plan

27.01.2026
A crisis is currently brewing within the aviation industry over the Federal Government’s airport concession plans through the Ministry of Aviation and Aerospace Development. For more effective management, the government had agreed to concession at least four airports controlled by the Federal Airports Authority of Nigeria to private investors. The moves did not receive the...
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Nigeria Customs Revenue Surges to N7.28tn Amid New Reforms

27.01.2026
The Nigeria Customs Service recorded one of its strongest performances in recent history in 2025, generating N7.281tn in revenue, surpassing its annual target and intensifying enforcement against illicit trade, even as the agency warned that Nigeria loses about N3tn annually to port inefficiencies and prolonged cargo dwell times. The Comptroller-General of Customs, Bashir Adewale Adeniyi,...
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Metal Tops $5,000 on Global Unrest

27.01.2026
The price of gold hit fresh records Monday after reaching $5,000 an ounce for the first time on rising global uncertainty and turmoil set off by US President Donald Trump’s policies. Gold reached $5,111.07 an ounce, having topped the key landmark in Asian trading hours. “It vaulted over the psychologically important 5,000 mark on a...
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Nigeria Customs Revenue Hits Record ₦7.28tn in 2025

27.01.2026
The Nigeria Customs Service has recorded a major revenue milestone in 2025, generating a total of N7.281tn, marking one of its strongest financial performances in recent years. The Comptroller-General of Customs, Bashir Adeniyi, disclosed this on Monday in Abuja while delivering an address at the 2026 World Customs Day celebration, where he highlighted the impact...
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N17.3bn Value as Investors Gain N3bn

27.01.2026
Stock market investors traded 601.65 million shares worth N17.3 billion in 58,429 transactions on the Nigerian Exchange Limited on Monday. This compares with 731.7 million shares valued at N19.05 billion exchanged in 44,005 deals in the previous trading session. The figures represent an 18 per cent decline in trading volume and a nine per cent...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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