Economy

Lagos revenue hits ₦2.6tn in 2025, up 16%: Commissioner

Lagos State recorded a total revenue of N2.6 trillion in 2025, marking a 16 per cent increase from the ₦2.3 trillion generated in 2024,...

Chinese firms may take 51% stake in NNPC refineries under new deal

The Nigerian National Petroleum Company Limited (NNPP) is considering an NLNG-style equity partnership that could hand Chinese investors a majority stake of about 51...

I sold Geregu stake to invest in Dangote refinery IPO: Otedola 

Femi Otedola has disclosed that he sold his stake in Geregu Power Plc to position himself for investment in the proposed initial public offering...

FG begins payment of outstanding 2025 BEA scholarship allowances

The Federal Government has begun the disbursement of outstanding 2025 allowances to beneficiaries of the Bilateral Education Agreement Scholarship Programme studying in partner countries...

CBN retains 26.5% interest rate  

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 26.5 per cent. The CBN Governor,...

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