Briclinks Africa reported improved earnings in Q2 2026, but the internet service provider continues to carry a substantial debt burden exceeding N7.8 billion.

A new N700ST shinkansen model, based on JR Central's latest design, has been delivered to Taiwan, featuring reduced noise, vibration, and electricity consumption.

Nigerian banks collectively increased their marketing expenditure by 5.35% to N76.5 billion in the first quarter of 2026, despite tighter regulations imposed by the Central Bank of Nigeria.

Nigeria's N752bn Abuja-Kano highway project is on track for completion by November, as announced by Minister of Works David Umahi.

Nigerian labour leaders are advocating for a fresh review of the national minimum wage, arguing that the current N70,000 is insufficient given the prevailing economic realities and rising cost of living.

A Lagos High Court ordered X (formerly Twitter) to disclose a user's identity and pay N70m for defaming a law graduate, in a landmark ruling.

Xiaomi has introduced its new Skynomad N70 and N90 SUVs, featuring extended range capabilities of up to 1700 km, advanced technology, and competitive pricing compared to European rivals. The new electric SUV, the Xiaomi Sky Nomad, also boasts a freeform cabin designed to accommodate a bed and a fridge, highlighting its innovative interior features.

The Nigerian Presidency has faulted Atiku Abubakar's claim of a N7.98 trillion oil windfall. The Presidency's statement refutes Atiku's criticism regarding the alleged windfall.

The Nigerian Federal Government has handed over 20 housing units to internally displaced persons (IDPs) in Benue State. This initiative aims to provide shelter and support to those affected by displacement.

The Nigeria Labour Congress (NLC) has called on its affiliates and workers nationwide to prepare for a significant struggle for a new national minimum wage, stating that the current N70,000 wage is now a 'poverty pay'.

A Nigerian lawmaker highlighted the financial struggles faced by some legislators, revealing that a colleague could not afford his daughter's N700,000 school fees.

Femi Otedola, Chairman of First HoldCo Plc, has increased his shareholding in the company to 21.96 percent by acquiring an additional 706.13 million shares valued at N77.58 billion.

Nigerian billionaire Femi Otedola has raised his stake in First HoldCo to 21.96% through a N77.6 billion share purchase, increasing his control from 9.28 billion to 9.99 billion shares.

The Nigerian government is floating a N729 billion power bond on August 3, following strong investor interest that saw subscriptions hit ₦1.74 trillion in July. This indicates significant demand for government bonds.

Police in Adamawa have arrested two suspects and recovered a stolen vehicle valued at N7.5 million. The arrests were made in connection with a robbery incident.

The Kebbi State Government has approved N75 million to cover dowries for 300 couples participating in its third inclusive mass wedding program, aiming to promote stable homes and employment.

The Nigerian stock market experienced a significant rebound on Tuesday, with investors gaining N720 billion due to renewed buying interest.

A Lagos court has granted Ahmed Kuru, former AMCON MD, temporary release of his passport for medical treatment while he faces a N76bn fraud trial.

Honda has officially opened order books for its WN7, marking the company's entry into the large-scale electric motorcycle market with a model reportedly more affordable than Harley-Davidson's offerings.

Dangote Petroleum Refinery exported 466,000 metric tonnes of jet fuel to Europe in June, valued at N757bn, making Nigeria a key supplier and surpassing US shipments.

A six-vehicle accident occurred on national road 72 between Ploiești and Târgoviște in Prahova county, injuring two people and restricting traffic.

Nigeria's consumer credit experienced a significant drop of N780 billion in February 2026, primarily due to high borrowing costs, despite an improving economic environment.

Chapel Hill Denham NREIT has successfully expanded its portfolio to more than 120 assets following a N7bn fundraising initiative, demonstrating significant growth and financial performance.

The incident happened on the N72 at around 2.20am.

Bayelsa state reported spending a total of N26.1 billion on salary-related components for the months of April and May, while also receiving a FAAC inflow of N76.1 billion.

The Economic and Financial Crimes Commission (EFCC) is investigating Prophet Sunday Koboko for allegedly defrauding church members of N70.3 million through false spiritual interventions and investments.

The Nigerian equities market experienced a significant decline, shedding N782 billion due to widespread profit-taking across various sectors including insurance, banking, consumer goods, industrial, and technology stocks.

The Lagos State Government has disbursed N799.84 million in insurance benefits to 148 dependants of deceased workers, reaffirming its commitment to public servants’ welfare.

Nigeria's Finance Ministry and local contractors are in a renewed dispute over outstanding debts, with the ministry stating N700bn was processed for 1,240 contractors, while contractors claim they have not received any payments.

Nigerian power generation companies (GenCos) report that the federal government has yet to pay N3.3 trillion in power debt, despite clearing over N700 billion in contractors' debts.

Crowds gathered at Gumel LGA in Jigawa, Nigeria, following a rumor about a fake N75,000 COVID-19 grant, which officials have debunked.

Ondo State Police have arrested six suspects in connection with a N71 million fraud case involving the illegal sale of three heavy-duty vehicles.

The Importers Association of Nigeria (IMAN) has criticized the escalating costs of cargo clearance at Nigerian ports. They highlighted that clearing a container in Cotonou costs N7 million, while the same cargo costs N15 million in Apapa.

Ram sellers in Kano, Nigeria, are reporting low patronage despite high supply, with prices for rams reaching up to N700,000 less than a week before the Eid-el-Kabir celebration.

Police in Bauchi, Nigeria, have arrested a foreign national and recovered 18 stolen rams valued at N7 million. Efforts are ongoing to apprehend other suspects involved in the theft.

An EFCC witness testified in the N76bn AMCON fraud probe that no illicit funds were traced to the personal accounts of former Managing Director Ahmed Kuru.

Nigeria’s federation oil earnings fell by N78.7 billion despite rising crude prices, attributed to factors like declining PSC proceeds and revenue shortfalls.

Sterling Financial Holdings reported a significant increase in its annual profit, reaching N76.3 billion after tax, a 75% rise from the previous year's N43.7 billion.

Femi Otedola, through his special purpose acquisition company Calvados Global Services Limited, acquired 549.5 million shares in First HoldCo for N43.4 billion, with each unit priced at N79.

The Police Special Fraud Unit (PSFU) in Nigeria successfully uncovered a bank fraud syndicate involving N713.9 million and arrested two suspects following a complaint from a financial institution.

Gunmen have abducted Yahaya Sulaiman, a Fulani herdsman, in Ijebu Jesa, Osun State, and are demanding a N70 million ransom for his release.

Two distinct incidents involved trucks catching fire on Romania's national roads DN6 and DN7. Firefighters extinguished both blazes, one involving a truck carrying empty gas cylinders and the other a truck loaded with paper.

Five federal lawmakers from Osun State have praised President Bola Tinubu for approving N700 billion in federal road projects for the state. They also issued a warning regarding an unspecified issue.

Dangote Refinery has raised its petrol price by N75 to N1,275 per litre, sparking concerns about a potential nationwide fuel price hike and disrupting product sales.

The inaugural MasterChef Nigeria reality cooking show has premiered, introducing 10 contestants who will compete for a N73m grand prize.

Nigeria's All Progressives Congress (APC) and All Progressives Grand Alliance (APGA) have set dates for their 2027 primary elections. Both parties also announced significant fees for presidential and governorship aspirants, with APGA additionally banning cash and item sharing during primaries.

Nigeria's Net Domestic Assets (NDA) increased by 21.2 percent year-on-year to N94.742 trillion in February 2026, up from N78.177 trillion in the same period of 2025.

The National Drug Law Enforcement Agency (NDLEA) announced a significant cannabis seizure in Edo State, intercepting 483 bags valued at N724.5 million and arresting five suspects in the major drug bust.

A vehicle caught fire on the N7 in Lorentzweiler late Wednesday afternoon, leading to the closure of the road. Motorists are advised to avoid the area.

The historic RN7 road in France, leading to the Côte d’Azur, is experiencing a resurgence in popularity among slow travelers seeking gastronomic and offbeat holiday experiences.

Nigeria's Federal Government has paid only N76.95 billion (4%) of the N1.9 trillion owed in electricity subsidies, worsening the liquidity crisis for power generation companies.

Nigeria's power sector reforms have drawn $2 billion in investments, with revenue growing by 70 percent in 2024 and government liabilities reduced by N700 billion, indicating improved efficiency and cost recovery.

Nigerian civil servants, under the Joint National Public Service Negotiating Council, have issued a strike notice to the Federal Government, demanding payment of a withheld N70,000 wage allowance by March 31.

The Council of Ministers of Bosnia and Herzegovina has made a decision to reduce excise duties on oil derivatives, a move that critics warn could lead to a chain of price increases for citizens.

Nigeria’s food and beverage imports surged by N1.07 trillion to N7.65 trillion in one year, according to the National Bureau of Statistics (NBS), highlighting persistent challenges in local production.

The Nigerian Exchange saw a major NGX market decline, shedding N725bn as investors engaged in profit-taking. Learn about the impact on blue-chip stocks. Read More: https://punchng.com/profit-taking-drags-ngx-lower-market-cap-sheds-n725bn/

By virtue of its two wins last week, the Louisville men’s basketball team has climbed back into this week’s Associated Press Top 25 poll at No. 24. The Cards will enter the postseason having been ranked in every week but one this season. Here’s the full poll: 1. Duke2. Arizona3. Michigan4. Florida5. Houston6. UConn7. Iowa State8. Michigan […]

Deirdre Gowran (49) had to leave her home in Rathangan hours before work in Crumlin Children’s Hospital

The project, which was initially awarded to Julius Berger Nigeria PLC, was terminated owing to a cost and completion date dispute and re-awarded to Infouest under a fresh contract involving the use of reinforced concrete pavement instead of asphalt. The post N777bn Abuja-Kano Road: FG, contractors reiterate commitment to April completion date appeared first on Vanguard News.

The Federal Capital Territory Administration (FCTA) has approved over N8 billion in funding, allocating N1 billion for security gadgets and N7.3 billion for waste management services in Abuja districts.

A court has admitted fresh evidence in the N76bn and $31.5m fraud trial involving a former AMCON boss and others, who face charges of conspiracy, stealing, and abuse of office related to the alleged conversion of Arik Air funds.

Universal Insurance Plc has successfully secured a N7.1 billion equity investment from FPNG Co-Nvest Limited, enabling it to meet its recapitalisation requirements.

This article points to an archive section on The Guardian Nigeria News website related to 'N7.13 trillion', suggesting a collection of past articles discussing financial figures or budgets of this magnitude.

Osun State's domestic debt has decreased by nearly half under Governor Ademola Adeleke, falling from N148.37 billion in December 2022 to N79.19 billion in March 2026, despite ongoing debt servicing.

Lagos State Deputy Governor, Dr. Obafemi Hamzat, announced that the state has spent over N700 billion on road rehabilitation in the past 15 years and is seeking a larger budget to address infrastructure gaps.

PalmPay has denied unlawfully debiting N750m from Kudiwave, stating that the transfer was made in compliance with a Federal High Court order.

Xiaomi has unveiled its new SkyNomad N70 and N90 luxury crossover electric vehicles, featuring a robust design, distinctive LED lights, and an impressive 1,700 km range. These models mark a significant visual departure from previous Xiaomi automobiles.

On Wednesday evening, the police arrived in Diekirch with a large contingent. Much is still unclear.

A group has petitioned Nigeria's Economic and Financial Crimes Commission (EFCC), calling for an investigation into the Speaker and Deputy Speaker of the Ondo State House of Assembly over alleged N70 billion budget fraud related to OSOPADEC.

A Federal High Court in Lagos has nullified a directive from the House of Representatives Committee that ordered Seplat Energy to pay N72.624 billion in compensation to communities over alleged oil spills, ruling that the committee usurped judicial powers.

Atiku Abubakar has criticized the Nigerian federal government regarding the killings in Kaduna and faulted President Tinubu's borrowing spree. He highlighted these issues despite a reported N7.98 trillion oil windfall.

The Nigerian National Petroleum Company Limited (NNPCL) is facing renewed scrutiny over its N7.13 trillion energy-security expense recorded in 2024, raising questions about the national oil company's financial accountability.

Femi Otedola has purchased N77.6 billion worth of First HoldCo shares, bringing his stake close to 22% and nearly matching the largest shareholder, RC Investment.

The Nigerian Federal Government has announced payments of approximately N333 billion to eight electricity generation companies (GenCos) as part of its power sector debt settlement program, and has launched a second N729 billion bond issuance to investors.

Traffic remains severely disrupted on Romania's DN7 Olt Valley road, with kilometer-long queues, following a fatal accident where a rock detached and fell onto a car.

TikTok personality Peller announced that the 'aso ebi' for his upcoming wedding to Jarvis will cost N700,000, with approximately 400 guests expected to attend the ceremony.

Wildfire flare-ups in Killarney, Ireland, have led to the closure of part of the N71 main road. Kerry County Council implemented the closure due to ongoing fire prevention operations.

Persistent inflation in Nigeria is diminishing the benefits of the N70,000 minimum wage, failing to improve workers' welfare.

Stakeholders in Nigeria are warning that a N720bn funding gap jeopardizes the country’s maternal and newborn health goals, urging increased investment to reduce high mortality rates.

Dangote Cement shareholders have approved a N45 dividend, totaling N753.8bn, as the company sets an ambitious target to reach 80 million tonnes production capacity by 2030.

Dangote Cement rewarded its shareholders with a N753.8 billion dividend, paying N45 per share, while FCMB shareholders approved a N23.1 billion dividend.

Jigawa State Pilgrims Welfare Board in Nigeria has announced the opening of registration for the 2027 Hajj pilgrimage, setting an initial deposit of N7.5 million.

The Nigerian Economic Summit Group (NESG) has warned that export rerouting through neighboring countries is eroding Nigeria's trade competitiveness. This practice is depriving the economy of significant domestic value, despite the country recording a N7.55 trillion trade surplus.

Lasaco Assurance and the Lagos State government have disbursed N799.8 million in insurance claims to 148 families of deceased public servants, providing crucial financial assistance.

Civil servants in Nigeria, under the Joint National Public Service Negotiating Council, are calling on federal and state governments to approve and implement a 400% increase in their current N70,000 minimum wage.

A tanker carrying 31 tons of gasoline overturned on DN7 in Cotmeana, Argeș county, Romania, completely blocking traffic in both directions as fuel spilled onto the road. The driver was hospitalized.

Nigeria's EFCC is investigating a self-proclaimed prophet accused of defrauding church members of N70 million by luring them into buying 'products' for prosperity through fake miracles.

Dangote Refinery has announced a reduction in petrol gantry prices by N75/litre, bringing the cost to N1,175, offering some relief amidst easing Middle East tensions.

TETFund has approved N7.5 billion in research grants for 174 projects. This funding aims to support various research initiatives.

Nigeria's trade surplus experienced a significant increase, jumping by 341% to N7.55 trillion in the first quarter of 2026. This substantial rise was reported by the National Bureau of Statistics (NBS).

Contractors under the All Indigenous Contractors Association of Nigeria (AICAN) rejected the Federal Government’s claim of disbursing N700 billion and resumed protests at the Finance Ministry over unsettled payments.

Antonio Zanardi Landi, a former diplomat with experience from 'Fiat' to the Holy See, has emerged as a candidate for the position of High Representative, reportedly with US support. Discussions are ongoing regarding the timing and likelihood of his appointment.

The Transfăgărăşan road (DN7C), specifically the section between Piscu Negru and Bâlea Cascadă, is expected to reopen to traffic in the second half of June.

Ondo State Police Command has arrested six suspects in Ibadan for their alleged involvement in a N71 million fraud, which included the illegal sale of three heavy-duty vehicles.

Six individuals, including a neighbor, are set to stand trial for the abduction of an 8-year-old Katsina schoolboy and the N17 million ransom payment. Police have recovered N7.5 million related to the case.

Police in Bauchi, Nigeria, have arrested a Nigerien national and recovered 18 stolen rams valued at N7 million. Investigations into a ram theft syndicate are ongoing.

The national road will be redesigned in the spirit of soft mobility. Traffic, buses, and residents must expect restrictions during the work.

A Nigerian court sustained an arrest warrant against former minister Sadiya Farouq in a fraud case, while also ordering the final forfeiture of a jet linked to an NNPC power project fraud investigation.

A routine investigation into N701 billion has escalated into a significant source of quiet tensions among governors of Nigeria's ruling All Progressives Congress (APC), with implications for the 2027 elections.

NEM Insurance Plc has proposed a dividend of N1.50 per share for 2025, amounting to N7.52 billion, despite facing macroeconomic challenges.

A Lagos High Court has awarded N7 million in damages against the Lagos State Government, ruling that a motorist was unlawfully arrested, had their vehicle detained, and was subjected to wrongful prosecution.

Nigerian police have successfully extradited a Chinese fugitive wanted in connection with a $245 million fraud case. The suspect was handed over to authorities to face charges related to the significant financial crime.

Nigerian Exchange Group Plc announced a 103% increase in its Q1 revenue, reaching N7.22 billion, primarily driven by heightened trading activity and stronger investment income.

Access Holdings announced a record N743 billion annual profit, with Access Bank Nigeria and The Access Bank UK being the primary contributors to the bottom line.

The Orunsii Welcare Foundation has pledged N70 million to fund pediatric surgeries for underprivileged children in selected Lagos hospitals, an initiative supported by Ibijoke Sanwo-Olu, the First Lady of Lagos State, to improve access to life-saving care.

To enhance pedestrian safety in Wemperhardt, Luxembourg, a crosswalk and a central island on the N7 road are proposed, as the area currently lacks a secure street crossing.

The Nigerian Federal Government aims to raise N700bn from its FGN April bonds, continuing a trend of reduced offers amidst high borrowing costs. Read More:…

The All Progressives Grand Alliance (APGA) has released its provisional timetable for the 2026 primary elections, detailing the costs for presidential, governorship, and other nomination forms, with presidential forms priced at N75 million.

The Nigerian government is set to spend N74.96bn on arms between 2023 and 2025, with a peak in 2024, to address worsening insecurity across the country.

Guinea Insurance forecasts a N1.85bn profit for Q2 2026, backed by a N7.5bn capital injection, outlining its strategic growth and financial strengthening.

A Federal High Court in Abuja has convicted several individuals for supplying goats, food, and Indian hemp to Boko Haram insurgents in Borno State, Nigeria, with one individual sentenced to 20 years in prison.

The Nigeria Labour Congress (NLC) has announced plans for workers in states not implementing the N70,000 minimum wage to protest on May Day 2026.

The Nigeria Union of Teachers (NUT) has issued a warning to states that have not yet implemented the newly approved N70,000 minimum wage, urging them to act without further delay.

Revenue generated from rail passengers in Nigeria in 2025 surpassed the Federal Government's N7.01 billion target by 11 percent, following a target set in February 2025.

Discover how Akwa Ibom’s IGR soared from N2bn to N7bn monthly in just three months following the successful implementation of the Treasury Single Account ( Read More:…

A N7.4 billion renewable energy project is underway in Ebonyi, a collaboration between the Rural Electrification Agency (REA) and Lotus Bank, aiming to deliver 7MW of power to over 30,000 homes.

The Akwa Ibom State House of Assembly has called on the state government to sanction multinational companies that have failed to implement the N70,000 minimum wage.

‘Mining sector rakes in N73.9 billion revenue in four years’  The Guardian Nigeria News

Families of two Niger State government officials, abducted five months ago, are appealing for urgent intervention after bandits demanded an additional N150 million for their release, despite already receiving N70 million.

SG Holdings Limited has announced the launch of its N75 billion Series 3 & 4 Commercial Paper issuance, offering yields up to 23% to qualified institutional investors.

The Economic and Financial Crimes Commission (EFCC) has tendered key Central Bank of Nigeria (CBN) meeting minutes as evidence in the N76bn fraud trial against former AMCON MD Ahmed Kuru, concerning the controversial Arik Air takeover.

An activist has criticized Plateau State for sponsoring pilgrims with N7.48 billion, raising concerns about the allocation of public funds.

Taiwan has received its inaugural Japan-built N700ST Shinkansen trainset, marking a significant development in its railway infrastructure.

The National Hajj Commission of Nigeria (NAHCON) has announced that intending pilgrims for the 2027 Hajj will be required to pay N7.88 million. The commission also set a deadline for payments.

Treasury bill yields in Nigeria are easing as investors increase their demand for short-term government securities, anticipating the Central Bank of Nigeria's upcoming N700 billion auction.

The Central Bank of Nigeria (CBN) has cancelled a N700bn T-bills auction, citing a severe liquidity squeeze after it had previously mopped up N4.69tn from the banking system.

The last concrete beam for the bridges and passages of the 102-kilometer Bucharest Highway (A0) has been installed, marking a significant step towards its completion.

The Kaduna State Police Command has foiled criminal networks, arrested 25 suspects, and recovered N78 million worth of stolen solar equipment in recent raids.

Hitachi and Toshiba have marked the shipment of a new N700ST high-speed train to Taiwan. The train, featuring orange and black lines on a white body, was displayed at a ceremony in Yamaguchi Prefecture, Japan.

Atiku Abubakar has questioned the Nigerian federal government's increased borrowing despite a substantial N7.98 trillion oil windfall, asking why the nation is borrowing at nearly twice the previous year's pace and where the funds are going.

Fish farmers in Ogun State, Nigeria, are appealing to President Tinubu and Governor Abiodun for intervention after suffering an estimated N700 million in losses due to recent floods. The floods have severely impacted their livelihoods and operations.

Senator Orji Uzor Kalu has denied reports that his office allocated N1 billion for church instruments, stating that the actual amount allocated for church outreach was N780 million. Kalu clarified the figures amidst public scrutiny regarding the allocation.

The Nigerian Federal Government has settled N333 billion in debts owed to Generation Companies (GenCos) and issued N729 billion in bonds to investors. This move aims to address outstanding financial obligations in the power sector.

The African Democratic Congress (ADC) has challenged the Nigerian Federal Government and the Nigerian National Petroleum Company Limited (NNPC Ltd.) to account for the N7.13 trillion recorded as energy security expenditure.

The Nigeria Customs Service has disbursed N7.61 billion in pension benefits to 4,237 retirees, reaffirming its commitment to improving the welfare of its retired personnel.

A severe traffic accident, involving a truck overturning on the DN7 after entering oncoming traffic, has blocked roads in both Southeast Jutland and the Olt Valley.

The Central Bank of Nigeria will auction N750 billion in Treasury Bills to mop up liquidity, curb inflation, and stabilize the naira.

The Nigeria Customs Service (NCS) announced it exceeded its 2025 revenue target by 10.24%, generating N7.277 trillion against a target of N6.584 trillion.

Road traffic was stopped on DN76 between Şoimuş and Bejan in Hunedoara County, Romania, after a truck transporting an excavator hit a height limiter at an underpass with the excavator's arm.

The Federal Government of Nigeria has reopened discussions on the minimum wage, acknowledging that no wage is fair if continually outrun by inflation and rising costs of survival. The N70,000 minimum wage agreed in 2024 is under review.

The Chairman of the Economic and Financial Crimes Commission (EFCC) has disclosed that 'Yahoo boys' successfully stole N7.2 million from a judge's bank account.

Jigawa State has approved an initial deposit of N7.5 million for the 2027 Hajj exercise, aiming for a smooth pilgrimage.

The Nigerian Economic Summit Group (NESG) has warned that the rerouting of exports through neighboring countries is eroding Nigeria's trade competitiveness. This practice is depriving the economy of significant domestic value, despite the country's N7.55 trillion trade surplus.

The Nigerian Federal Government has announced plans to review the national minimum wage, stating that the current N70,000 benchmark no longer reflects prevailing economic realities.

Aradel Holdings Plc announced a record-breaking N728 billion Q1 revenue for 2026, marking a 264.5% surge.

The Economic and Financial Crimes Commission (EFCC) is investigating Godwin Sunday Ajuluchukwucheya, a self-proclaimed prophet, for allegedly defrauding church members of N70.39 million through various schemes.

The Dangote Refinery has reduced its petrol price by N75 per liter following a 5% drop in crude oil prices. This adjustment reflects the impact of global oil market fluctuations on local fuel costs.

A Nigerian Federal Government panel has uncovered a widespread prison feeding scam and inmate malnutrition, recommending an immediate increase in the daily allowance from N750 to N3,000.

Nigeria reported a significant 91 percent year-on-year increase in its trade surplus, reaching N7.55 trillion in the first quarter of 2026, primarily driven by a sharp decline in imports.

The Federal Government of Nigeria has cleared over N700 billion in verified debts owed to local contractors, including N436.6 billion in May, aiming to provide liquidity and boost the economy.

A viral social media message about a N75,000 COVID grant caused a stir in Jigawa, Nigeria, leading residents to flock to the Gumel secretariat before officials confirmed it was a rumor.

Nigerian federal workers have rejected a proposed N100,000 national minimum wage, stating that the previous N70,000 implementation failed to meet expectations and improve purchasing power.

Nigeria’s gross oil revenue in the third quarter of 2025 fell sharply to N4.87 trillion, representing a shortfall of N7.88 trillion below budget expectations.

Police in Katsina, Nigeria, successfully busted a seven-man kidnap syndicate, arresting six individuals involved in abductions. Authorities also recovered N7.5 million in ransom money during the operation.

A Nigerian court has sentenced two former bankers to jail for N7.8 million fraud involving unauthorized withdrawals from 305 customer accounts linked to a federal government palliative scheme. The Economic and Financial Crimes Commission (EFCC) uncovered the scheme during a wider investigation.

An EFCC witness in the N76bn AMCON fraud probe has reiterated that no illicit funds were directly traced to the personal accounts of former Managing Director Ahmed Kuru during the Arik Air trial.

Benue State in Nigeria has significantly increased its monthly Internally Generated Revenue (IGR) from N700 million to over N3 billion under Governor Hyacinth Alia's administration, with a target of N80 billion.

The Sokoto State Executive Council has approved over N7.5 billion for various projects, including N1.46 billion for the governor's bulletproof vehicles, road rehabilitation, and other infrastructure across the state.

The Nigeria Customs Service in Ogun state intercepted 10,126 parcels of Cannabis Sativa, valued at over N743 million, preventing a potential drug crisis in the region.

Nigerian police have recently conducted multiple operations, apprehending suspects involved in large-scale fraud and robbery syndicates, as well as individuals linked to cultism and illegal possession of firearms. These arrests, made across various states, led to the recovery of significant funds and weapons.

The Kebbi State Government has showcased N7 billion worth of urban renewal projects, including street lighting, road expansion, and infrastructure development, aimed at improving the state's infrastructure.

Nissan is set to bring back the Primera model after nearly two decades, reimagining it as a large electric sedan based on the Chinese Dongfeng Nissan N7 model, with its return revealed through a filing in the Philippines.

Lagos First Lady Dr. Ibijoke Sanwo-Olu institutes a N70m endowment fund via the Orunsii Welfare Foundation to support child surgical care for the needy.

FAAN has arrested 14 suspected vandals targeting the N712bn Terminal 1 renovation project at Lagos airport, aiming to safeguard aviation infrastructure.

During a large-scale police traffic control operation on the A7 and N7 highways from Friday to Saturday, 15 drivers had their licenses revoked, with authorities noting this was only the tip of the iceberg.

Nigeria's maritime sector has seen its revenue leap to N1.83 trillion in two years, attributed to reforms that have ended piracy, cleared port gridlocks, and boosted confidence.

The Lagos Development Update (LEDU) 2026 report projects a substantial expansion in Lagos state's economy, with nominal Gross Domestic Product (GDP) expected to rise to N73.15 trillion by 2026.

Australia has raised the minimum salary requirement for foreign workers seeking employer-sponsored visas to AUD 76,515, impacting skilled migration categories.

Nigeria's electricity sector crisis is worsening as the Federal Government paid only N76.95 billion—about four percent—of the N1.928 trillion subsidy required in 2025, according to new industry data.

The Nigerian government, through the Debt Management Office (DMO), has opened subscriptions for N750bn in FGN March bonds to finance budget deficits and manage fiscal pressures.

Nigeria's food importation bill has soared to N7.65 trillion, yet the nation's hunger crisis continues to worsen due to low income, high costs, and logistical challenges.

Traffic for heavy vehicles over 7.5 tons will be restricted on DN7, Valea Oltului, between Râmnicu Vâlcea and Boița (Sibiu) for three months starting Tuesday, though passenger cars are unaffected.

Alumni of the Federal University of Technology Minna (FUT Minna) are alleging that the Niger State government is attempting to take over assets on the university's Bosso campus, which they claim are worth over N7 trillion and include research centers, staff quarters, and laboratories.

CBT centre owners protest the N700 registration fee set by JAMB, calling it grossly inadequate amid rising operational costs, despite a N1.57bn remittance. Read More: https://punchng.com/cbt-operators-slam-n700-registration-fee-as-jamb-remits-n1-57bn/

The Nigerian NEC Secretariat has been allocated N7.9 billion for its 2025 operations, sparking controversy as other government agencies report inadequate funding.

The Anambra State Government has approved ₦604 million for key road and infrastructural projects and is finalizing preparations for Governor Chukwuma Soludo’s swearing-in ceremony.

The Dangote petrol price has increased from N774 to N875/litre. Discover the reasons behind the hike, linked to global crude oil price volatility. Read More: https://punchng.com/breaking-dangote-refinery-raises-petrol-price-to-n875/

Trading on the Nigerian Exchange Limited closed on a mildly negative note on Wednesday, as profit-taking in bellwether banking and insurance stocks offset pockets of bargain hunting across consumer and select Oil & Gas counters. The All-Share Index declined 0.06 per cent to 194,370.20 points from 194,484.61 points, reflecting a modest contraction in equities valuation. Read More: https://punchng.com/ngx-extends-bearish-trading-as-market-cap-sheds-n73-43bn/

EFCC charged the couple with seven counts of obtaining money by false pretence, conversion of funds, and money laundering brought against them by the prosecution. The post EFCC arraigns couple on N740 million investment fraud charges appeared first on Premium Times Nigeria.