Business

The Federal Government has launched moves to abolish the option of fines for convicted drug traffickers, proposing mandatory prison sentences of between 15 and 25 years in a bid to strengthen Nigeria’s fight against illicit drug trafficking. The National Drug Law Enforcement Agency said the proposed amendment to the NDLEA law is being passed through the office of the Attorney …

By Ayo Kehinde The average cost of maintaining a healthy diet in Nigeria rose to N1,589 per adult per day in April 2026, reflecting continued increases in food prices across most food groups, according to the latest Cost of a Healthy Diet (CoHD) report released by the National Bureau of Statistics (NBS). The report showed that the daily cost increased …

Total power generation on the national grid increased by 6.55% to 9,831.58 GWh compared to 9,227.57 GWh in the previous quarter, the Nigerian Electricity Regulatory Commission (NERC) said. According to its Q4 2025 report, the regulatory body attributed this positive trajectory to robust energy consumption and a substantial increase in energy offtakes by grid-connected primary distribution networks. Analysts say the …

Brazil have secured their place in the round of 16 of the 2026 FIFA World Cup after beating a courageous Japan 2-1 in a thrilling round of 32 match.Japan stunned the five-time world champions by drawing first blood through K. Sano in the 29th minute before Brazil hit back after the break with Casemiro equalizing the score in the 56th …

The Nigeria Deposit Insurance Corporation has remitted a total of ₦950 billion to the federal government’s Consolidated Revenue Fund, with the agency expressing optimism that the figure will increase as its operations and financial performance strengthens. NDIC CEO/CEO Dr Thompson Sunday revealed this during a press conference on the company’s contribution to the Federal Government’s Renewed Hope agenda. It said …

By Victor Osula, Abuja The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled a $500 million interest-free revolving fund aimed at expanding access to affordable financing for micro, small and medium enterprises (MSMEs). The agency’s director general, Charles Odii, announced the initiative, known as the Grow Fund for Small Businesses in Nigeria, during a meeting with traders, …

A coalition of stakeholders and members of the All Progressives Congress (APC) in Ondo State have risen to the defense of the National Working Committee (NWC) over its decision to review the results of the party’s senatorial and House of Representatives primaries, describing the move as a necessary remedial measure to uphold the party’s constitution and integrity. The group, which …

Post views: 29 By Osondu Ohaeri In Nigeria’s road transport ecosystem, tanker and trailer operations remain one of the most critical yet high-risk segments. From devastating fuel explosions to multi-vehicle collisions, the consequences of articulated vehicle accidents have historically been severe, causing fatalities, destroying property and disrupting economic activity. Between 2020 and early 2025 alone, tanker-related accidents caused at …

A known terrorist commander, Kachalla Maha, has claimed that members of the Nigerian security forces deployed to hunt him are secretly working for his network and disseminating classified operational information ahead of military offensives. The allegation was contained in a viral audio recording in which the wanted kingpin allegedly had a conversation in Hausa with a government-linked intermediary identified only …

Upon successful completion of all necessary regulatory, shareholder and judicial processes, between Providus Bank and Unity Bank, a new single entity, ProvidusUnity Bank will begin operating as a commercial bank. According to its promoters, ProvidusUnity Bank brings together the complementary strengths of Providus Bank’s innovation, customer-centric service culture and digital capabilities, as well as Unity Bank’s extensive geographic reach and …