The Central Bank of Nigeria (CBN) has officially revoked the operating licences of 46 microfinance banks (MFBs), over their failure to meet regulatory conditions for continued operation. In a statement on Wednesday, the acting director of corporate communications Hakama Sidi-Ali…
The Independent Petroleum Marketers Association of Nigeria(IPMAN), has warned that it will shutdown their filling stations nationwide over price control pressure by the federal government. IPMAN spokesperson, Chinedu Ukadike, disclosed this during in a recent interview with DAILY POST. Recall…
A significant financial injection is heading straight toward the grassroots of Nigeria’s social sectors. Specifically, the World Bank-backed HOPE Governance Programme has officially cleared the disbursement of $27 million in performance-based grants to 20 qualified states. Also Read. World Bank…
Keeping up with global economic rankings can sometimes feel like a rollercoaster ride. For Nigeria, the latest data brings a mix of celebration and a strong reality check. According to the 2026 International Institute for Management Development (IMD) World Competitiveness…
There was a lot of chaos and unusual tension at Dawaki Police Quarters in Abuja on Friday. Several officials from Abuja Electricity Distribution Company Plc (AEDC) faced a violent attack while they were carrying out an enforcement exercise against suspected…
The federal government is preparing for a massive round of domestic borrowing to finance its upcoming fiscal obligations. Specifically, the Debt Management Office (DMO) has officially released its bond issuance calendar for the third quarter of 2026. The agency plans…
The severe financial pressure weighing on local kitchens is beginning to ease across the Federal Capital Territory. Specifically, a fresh retail market survey reveals that the cost of Liquefied Petroleum Gas, widely known as cooking gas, has taken a notable…
The Nigerian Navy has disrupted a major illegal fuel smuggling network operating along the waterways of Rivers State. Specifically, during a targeted intelligence-led operation, naval operatives successfully intercepted and seized approximately 22,870 litres of illegally refined Automotive Gas Oil, popularly…
The federal government is taking firm steps to protect its multi-billion-naira transport infrastructure from premature wear and tear. Specifically, the Federal Ministry of Works has announced a strict ban on commercial motorcycles and tricycles along the newly constructed Lagos-Calabar Coastal…
The domestic equities market just closed out a highly demanding trading week, forcing local investors to carefully recalibrate their portfolio strategies. Specifically, the Nigerian Exchange (NGX) experienced notable downward pressure during the week ended June 26, 2026, as widespread profit-taking…
The domestic automotive market is officially charting a course toward steady economic recovery. Specifically, a comprehensive industry report released by BMI Research reveals that new vehicle sales in Nigeria are projected to surge by 7.6% over the course of 2026.…
The intense global battle for artificial intelligence dominance just took an unexpected corporate turn. Specifically, the United States government has officially rolled back its sweeping export ban on Anthropic’s highly advanced AI model, Claude Mythos 5. This major administrative shift…
A rare, blistering critique from the highest levels of African corporate leadership has completely reframed the conversation around cross-border migration. Specifically, MTN Group Chairman Mcebisi Jonas has openly condemned the rising tide of anti-foreigner sentiment in South Africa, boldly labeling…
Nigeria has successfully drawn roughly $1.5 billion from the initial tranche of its massive $5 billion derivatives financing arrangement with First Abu Dhabi Bank (FAB). Bloomberg reported on Friday that the federal government secured the capital within the last two…
The ethical banking sector is embarking on an ambitious growth phase following an assertive moves by its key stakeholders. Specifically, shareholders of Jaiz Bank Plc have overwhelmingly approved a massive N150 billion additional capital raise at their 14th Annual General…
