Economy

  The Nigeria Police Force, through the INTERPOL National Central Bureau Abuja, has arrested and repatriated a Chinese fugitive, Xu Qing, over his alleged involvement in a $245 million Ponzi scheme. According to a statement issued by the police, Chinese authorities had declared Xu Qing wanted for allegedly masterminding a large-scale financial fraud involving the […]

  OPay partnered with the Central Bank of Nigeria during the Global Money Week 2026 Financial Literacy Fair and Exhibition held at the CBN headquarters in Abuja to promote financial awareness and responsible money management among young Nigerians. The event, themed “Smart Money Talks,” brought together students from several secondary schools across the Federal Capital

  The Nigerian Correctional Service (NCoS) has escalated its fight against contraband in custodial centres, publicly destroying 1,167 confiscated mobile phones and other prohibited items in a nationwide enforcement drive. Controller-General Sylvester Nwakuche, who led the exercise, said the destroyed items included smartphones, iPhones, and basic feature phones recovered during coordinated operations over the past

An energy policy expert, Samuel Caulcrick, has cautioned that any move by the Federal Government to reintroduce petroleum subsidies through crude supply to local refineries could trigger a resurgence of cross-border fuel smuggling and undermine recent gains from deregulation. Speaking in Lagos, Caulcrick said such interventions, though aimed at easing domestic fuel costs, could end

  Dangote Petroleum Refinery and Petrochemicals Limited has dismissed reports of an increase in the ex-depot price of Premium Motor Spirit (PMS), stating that its pricing remains unchanged. The clarification follows circulating reports suggesting that the refinery had raised the ex-depot price of petrol to ₦1,350 per litre from ₦1,275, a move that would have

  Sundry Markets Limited has hosted its MSME fair, Retail Ready 1.0, aimed at empowering and supporting micro, small and medium enterprises (MSMEs) operating within Nigeria’s retail value chain, with business grants worth ₦10 million awarded to outstanding participants. The event brought together key stakeholders across the country’s business ecosystem, including the Bank of Industry

  The Lagos State Signage and Advertisement Agency (LASAA) has unveiled a digital directory for practitioners and billboard assets, alongside the LASAA One App, in a move aimed at streamlining advertising operations across the state. Speaking at the launch in Lagos, the agency’s Managing Director, Fatiu Akiolu, said the initiative introduces a digital framework to

Concerns are mounting over the Federal Government’s commitment to transparency following its failure to make public details of the 2026 Appropriation Act weeks after it was signed into law. President Bola Ahmed Tinubu assented to the budget on April 17, but more than 20 days later, the full breakdown of the document remains unavailable to

  Retirees under the Lagos State Pension Commission have received a total payout of ₦1.13 billion, as the Lagos State Government continues to strengthen its pension reform programme. The disbursement, which benefited 668 former public servants, was announced during the 114th Batch Retirement Bond Certificate Presentation Ceremony held in Lagos over the weekend. Director-General of