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Economy

Oshiomhole Calls for Stronger Regulation for OPAY, Moniepoint, Fintech Platforms After Hacking Experience

ABUJA, Nigeria — Adams Oshiomhole, the senator representing Edo North, has called for stronger regulatory oversight of financial institutions operating outside Nigeria’s traditional banking framework, warning...

Tragedy Averted as Enugu Air Flight Suffers Nose-Gear Failure on Landing

ENUGU, Nigeria — Passengers aboard an Enugu Air flight experienced a frightening moment on Thursday, November 20, 2025, when the aircraft suffered a nose-landing gear...

National Assembly Approves Tinubu’s Request to Borrow ₦1.15 Trillion for 2025 Budget Gap

ABUJA, Nigeria — Nigeria’s National Assembly has approved President Bola Tinubu’s request to borrow N1.15 trillion to help close the deficit in the 2025 federal...

Senate Rejects NNPCL’s Defence, Orders Refund of ₦210 Trillion to Federation Account

ABUJA, Nigeria — The Senate has rejected  the explanations provided by the Nigerian National Petroleum Company Limited (NNPCL) regarding an alleged N210 trillion unaccounted...

EFCC Declares Timipre Sylva Wanted Over Alleged $14.8 Million Fraud

ABUJA, Nigeria — The Economic and Financial Crimes Commission (EFCC) has declared Timipre Sylva, former governor of Bayelsa State and ex-minister of state for petroleum...

Fuel Queues Return in Lagos Despite Suspension of PENGASSAN Strike

LAGOS, Nigeria — Long queues resurfaced at filling stations in Lagos on Wednesday, October 1, 2025, only days after the resolution of a labour...

PENGASSAN Suspends Strike After Dangote Refinery Agreement

ABUJA, Nigeria — The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has suspended its nationwide strike following a resolution brokered by...

Nigeria to Tax Income of Commercial Sex Workers Under New Fiscal Reforms

ABUJA, Nigeria — Commercial sex workers in Nigeria will be required to pay taxes on their earnings under new fiscal reforms set to take...

Dangote Denounces PENGASSAN Strike as ‘Bullying Tactics’

LAGOS, Nigeria — The management of the Dangote Petroleum Refinery has launched a blistering attack on the Petroleum and Natural Gas Senior Staff Association of...

PENGASSAN Strike Threatens Nigeria With Fuel Shortages and Blackouts

LAGOS, Nigeria — Nigeria is bracing for severe economic disruption after the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) began a...

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