Results for "N4"

More than three years after the Lagos State High Court ordered the Nigeria Police to pay  N400m compensation to the families of four Ladipo Market traders allegedly extra-judicially killed by…

Ekiti State Governor Biodun Oyebanji disbursed N49 million as the second tranche of the 2026 Ekiti youth subvention to 90 youth organizations.

Nigeria's NDLEA seized 1,090.5kg of 'Thai Loud' cannabis, valued at N4.4 billion, at Lagos ports, uncovering a new trafficking route for the drug.

Geregu Power Plc has successfully paid the eighth coupon and a portion of the principal on its N40.1 billion Series 1 Fixed Rate Bond, thereby resolving a recent credit default issue.

Nigeria's Federal Executive Council (FEC) has approved N438 billion for road projects and concessions, including trailer parks and highways under public-private partnership arrangements.

Google Cloud and Formula E collaborated to transform the new 815hp GEN4 car into a moving AI laboratory, showcasing an AI agent's capabilities at the Goodwood Festival of Speed.

Investors bid N4.93 trillion for the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO) bills, demonstrating strong demand for high-yield short-term instruments driven by an attractive OMO yield premium.

Chris Sembroski, a member of the Inspiration4 crew, the first all-civilian orbital spaceflight, engaged with young space enthusiasts during a visit to western Türkiye.

A woman has been arraigned in Lagos on charges of alleged N42.3 million fraud, stemming from a suspected fake fuel supply deal. The Economic and Financial Crimes Commission (EFCC) brought the charges.

The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company (KAEDC) due to N456.5 billion in debt and operational failures, appointing an interim administrator.

A lawyer has raised concerns regarding the legal transfer of Ochacho’s N400m Abuja mansion to TikTok star Peller, citing issues with the Power of Attorney and allocation.

A 33-year-old woman, Adejoke Ayomide, was arrested in Ondo State for allegedly defrauding over 90 prospective travelers of N42.3 million with fake Europe visa promises.

Pensioners in Enugu State are appealing to Governor Peter Mbah to implement a N32,000 minimum pension, decrying their current stipends which are as low as N447 per month.

The star-studded wedding of Peller and Jarvis was a lavish affair, featuring numerous celebrities and influencers. The couple received extravagant gifts, including a N400 million mansion and N10 million in cash.

A truck and a minivan collided head-on on the N48 near Balkbrug, Overijssel, resulting in one fatality and six serious injuries.

Gunmen have abducted an employee of Nigeria's Independent National Electoral Commission (INEC) in Anambra State, demanding a N40 million ransom after separate attacks along the Ebenebe axis of Awka North Local Government Area.

The Nigerian stock market experienced a significant rebound, gaining N482 billion in market capitalization due to renewed buying interest from investors.

Twenty-one members of the Ondo State House of Assembly have accused Governor Lucky Aiyedatiwa of obstructing their efforts to remove the Speaker amidst an alleged N44 million OSOPADEC scam. They demand the Speaker's resignation for peace in the Assembly.

Nigeria's National Drug Law Enforcement Agency (NDLEA) has received court approval to destroy a N480 billion meth lab in Ogun state, where officials have been exposed to hazardous chemicals for over two months.

Nigerian seaports recorded drug seizures worth N40 billion in the first half of 2026, indicating an increased use of maritime routes by traffickers.

Nigeria is reportedly losing $4 billion annually due to steel imports, prompting a N44 trillion initiative aimed at building modern steel mills and a nationwide rail network to transform the industry.

A Nigerian court has ordered the forfeiture of N8.9 billion worth of assets, including jewelry and exotic cars, linked to businesswoman Achimugu. The assets are to be seized by the Federal Government.

Nigerian music star Davido revealed that he spends between $300,000 and N400 million monthly in Nigeria. This disclosure highlights the significant financial outlay of the artist within the country.

Students from the University of Lagos (UNILAG) participated in PRADwave 5.0, pitching innovative public relations and advertising campaigns. They competed for a N450,000 prize pool, aiming to bridge the gap between academia and industry.

A truck overturned on the EN4 in Borba, Portugal, at 7:30 AM, resulting in one seriously injured 48-year-old driver who was transported to Évora hospital.

The Nigerian Senate has approved the N403.1 billion Police Trust Fund budgets for 2025 and 2026. Concurrently, the Senate also backed the Customs' 2026 budget and its N11.074 trillion revenue target.

Shareholders of CAP Plc have approved a N4.00 per share dividend for 2025, representing a 67% increase, which reflects the company's strong financial performance and commitment to shareholder value.

Bauchi Police have arrested two suspects in connection with a N4 million robbery where hoodlums tied up a couple, with efforts ongoing to apprehend other fleeing suspects.

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

Kebbi State Governor Nasir Idris commissioned a 14.5-kilometre road project worth N4.53 billion in Sokoto State, highlighting regional development.

Police in Edo State have arrested Lucky Alabi and Taiye Enahoro for allegedly staging a fake kidnapping to extort N4 million from Alabi's family.

A woman gave birth to a son on Friday along the N44 highway in Wassenaar, Netherlands, after going into labor inside a car during extreme heat.

The Ogun I Area Command of the Nigeria Customs Service reported seizing N4.63 billion worth of contrabands and generating N259.8 million in revenue between April and June 2026.

The Borno State Government has admitted that a N4bn rail project entry in its 2025 budget report was an administrative error, clarifying that no such project was executed.

Skyway Aviation Handling Company (SAHCO PLC) recorded a revenue of N44.459 billion for the year ended December 31, 2025, attributed to increased passenger and cargo handling activities and improved operational efficiency.

OSOPADEC has spent over N4 billion to complete abandoned riverine projects in Ondo State's oil-producing communities. This expenditure marks a significant effort to address long-neglected infrastructure in the region.

Nigeria's Federal Account Allocation Committee (FAAC) reported an increase in allocation to N2.3 trillion in May 2026, a N43 billion rise from April, to be shared among federal, state, and local governments.

Customs authorities have intercepted multiple shipments of smuggled goods, including foreign vegetable oil valued at N403 million and 3,310 jerry cans of the same, as well as endangered tortoises at Naia.

Shareholders of AIICO Insurance Plc have approved a dividend payment of 12 kobo per share, totaling N4.4 billion, and the company also appointed three new non-executive directors at its annual general meeting in Lagos.

A collision in Estremoz, Portugal, resulted in one fatality and two serious injuries. The EN4 road was temporarily closed for an INEM helicopter to transport one of the injured to the hospital.

An official announced that a Nigerian agency disbursed N400 million to health facilities in Borno state during the first two quarters of 2024 to support healthcare services for nearly 120,000 beneficiaries.

Silja-Madli Ossip, founder of the Women4Cyber network in Estonia, explains why the tech industry should more strongly integrate the female perspective, emphasizing the need for women to be more visible in cybersecurity.

Financial experts suggest that for women eligible for the 'Women40' program in Hungary, the best decision is to retire as soon as possible and continue working alongside it, based on financial logic.

Governor Dauda Lawal’s administration in Zamfara, Nigeria, is making significant strides against banditry, investing N40bn in advanced security hardware and logistics.

Achievers University in Owo, Ondo State, Nigeria, has uncovered a N457.5 million fraud involving an ex-staff member and students. The university is investigating the financial misconduct.

Former Formula 1 driver David Coulthard expressed being "speechless" after testing Formula E's Gen4 car in Monaco, describing its acceleration as unprecedented.

The Nigeria Deposit Insurance Corporation (NDIC) has filed a lawsuit against Wema Bank concerning N125 billion worth of Banana Island properties and a N401 million disputed payment, as part of efforts to recover assets from a defunct bank.

A new report on federal government spending reveals that Nigeria’s Presidential Air Fleet operations incurred costs of N4.24 billion between June and December 2025.

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.

Nigeria's energy adviser, Olu Verheijen, announced that the President's N4 trillion bond program is crucial for resurrecting the nation's power sector, which has faced severe financial and infrastructural challenges for over a decade.

Despite a significant security budget of N41.85 billion, Benue state government spent only 0.3% of it in the first quarter of 2026, amidst a rise in killings across the state.

The Montenegrin news portal IN4S has been sold to the Serbian tabloid "Alo," with Tamara Ćalasan, a long-time deputy editor and DNP councilor, announced as the new editor-in-chief.

A Federal Capital Territory High Court has dismissed a suit filed by FHT Mega Express Limited, a logistics firm, against Parallex Bank Limited concerning a N4.5 billion debt claim.

The all-electric Formula E championship is set to debut its fourth-generation car next season, which will be its most powerful machine yet, with details emerging on how it will maintain its key race assets.

Transcorp Power announced a N41.25 billion dividend for 2025, following a period of strong earnings and a commitment to enhancing shareholder value.

Formula E's Gen4 car is set to debut in 2026/27, promising a major leap in electric racing with features like 805 hp in Attack Mode, permanent all-wheel drive, and faster lap times.

Pensioners in Kaduna have expressed gratitude to Governor Sani for releasing N4.289 billion for the payment of gratuities, death benefits, and accrued rights.

Italy and Tunisia have joined forces to launch Biogen4Med, a new initiative aimed at fighting cancer through precision medicine.

Ogun State Governor announced that Olumo Rock's revenue dramatically increased from N3 million annually to N40 million monthly following its refurbishment.

Governor Sani of Kaduna State has approved N4.289 billion for state and local government pensioners, covering payments for 1,637 beneficiaries under contributory and defined benefit schemes.

The Nigerian Navy has intercepted two vessels and arrested 26 crew members, confiscating over 939 metric tonnes of stolen crude oil valued at more than N4 billion.

The Nigerian government has included N487 billion for new rail and highway projects in its 2026 budget, aiming to expand national transport and infrastructure networks.

A recent recapitalization exercise led by the Central Bank of Nigeria has seen 33 deposit money banks raise N44.65 trillion, significantly strengthening their financial positions and affirming the importance of robust banking institutions.

Katsina State’s Zakat and Waqf Board has distributed N4.7 billion in Zakat funds to over 250,000 vulnerable residents, aiming to alleviate poverty and provide support.

CBN begins regulation of virtual asset custodians as banks mobilise N4.65 trillion fresh capital  The Guardian Nigeria News

The Federal Capital Territory Police Command has arrested several officers accused of extorting a businessman, marking a disciplinary action against internal corruption within the force.

A 41-year-old mother of three in Nigeria is battling kidney failure and urgently needs N40m (approximately $27,000 USD) for a life-saving transplant, appealing for public assistance.

Nigeria's National Drug Law Enforcement Agency (NDLEA) is opposing bail for 10 defendants arrested in connection with an alleged N480 billion methamphetamine lab in Ogun State.

Former Ekiti State Governor Ayodele Fayose has accused the Accord Party of spending at least N40 billion in the Osun governorship election. This accusation comes in response to comments made by musician Davido regarding the election.

Nigeria's FMDQ financial market recorded a turnover of N426.5 trillion over seven months, primarily fueled by robust foreign exchange transactions and high demand for OMO bills.

GTCO reported a 506% surge in interest income, reaching N467 billion in Q1 2026, while its subsidiary GTBank doubled its international spending limit to $40,000.

Sligo County Council has been allocated €20.56 million under the local and regional road grants programme, as local representatives continue to advocate for increased investment in the N4, N15, and N17 national routes.

Governor Eno of Akwa Ibom has declined to disclose the cost of an 18-storey commercial development project in Lagos, despite its N41.05 billion budget, raising questions among Akwa Ibom residents.

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 Jigawa State Government has approved a N53,853 refund for each 2026 Hajj pilgrim, following the remittance of N44.9 million in excess funds.

A businessman recounts losing N400 million to Adeniyi Adeyemi, who allegedly posed as the Director-General of the PFIPC and promised a renovation contract.

During a PFIPC probe, a businessman testified to Nigerian Representatives that he paid N400 million to Adeyemi for a contract, detailing their initial meeting in Ogbomoso.

VFD Group announced a twofold jump in its half-year profit, driven primarily by a 102.8 percent increase in investment income, with revenue rising to N53.7 billion from N41.2 billion a year ago.

One person has died and six others were seriously injured in a collision between a van and a truck on the N48 near Balkbrug in Overijssel, Netherlands.

Nigeria’s Federal Government has exceeded its 2024 borrowing limit by N4.79tn, with new debt now totaling N12.62tn due to significant revenue shortfalls.

The former head of the National Social Investment Programme Agency (NSIPA) has insisted that no N44 billion was diverted under her leadership. She firmly denied allegations of cash diversion.

The Federal Government of Nigeria has approved a significant increase in hazard allowance for non-academic staff in federal universities, with some workers now receiving N486,000.

A Federal High Court in Nigeria is set to rule on the National Drug Law Enforcement Agency's (NDLEA) application to destroy a clandestine meth lab valued at ₦480 billion in Ogun State.

A judge has inspected and conducted a trial at a vast methamphetamine laboratory site in Ogun, Nigeria, where 2,419.48 kilograms of methamphetamine valued at over N480 billion were allegedly produced. The court has adjourned further hearing in the matter until July 24.

A Nigerian family is appealing for N45.1 million (approximately $30,000 USD) to fund a life-saving kidney transplant for 55-year-old Mrs. Opeoluwa Dorcas.

Nigeria's crude oil and condensate production yielded an estimated N41.74 trillion in the first half of 2026, indicating a modest recovery despite ongoing challenges.

The 'fake' DG of PFIPC, Adeyemi, has denied hiding and stated that he borrowed N400 million to secure his appointment, expressing fears for his life.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has launched an investigation into a 'fake agency' scandal, while the alleged Director-General claims his life is in danger. The DG also stated he borrowed N400 million for his appointment to the purported agency.

Nigeria's Defence Minister announced that soldiers' monthly salaries have increased from N49,000 to N100,000. He also addressed a controversy, stating that a food video by 'Justice Crack' was staged.

Two suspects have been arrested in connection with a midnight home invasion and armed robbery in Gadau, Bauchi, where N4m was stolen. Police are investigating the incident.

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.

Consumer goods company PZ Cussons reported a nearly fourfold increase in net profit to N49.1 billion, primarily driven by a N38.7 billion profit from the disposal of fixed assets. This significant boost in earnings marks a substantial acceleration compared to the previous year.

Chemical and Allied Products Plc (CAP PLC) has approved a final dividend of N4.00 per 50 kobo ordinary share for the financial year ended December 31, 2025, marking a 67 percent increase from the previous year.

UBA has distributed over N400 million in anniversary bonuses to thousands of loyal customers through its UBA Bumper Account, aiming to promote a strong savings culture.

Police in Edo State, Nigeria, have arrested two men accused of faking a kidnapping to extort N4 million from their family.

A Nigerian court has convicted a top officer of the Nigeria Security and Civil Defence Corps (NSCDC) for job racketeering, after he was accused by the ICPC of accepting over N4 million as inducement for recruitment.

Lagos secured over N4 trillion in investment commitments at the Invest Lagos 3.0 event, reinforcing its position as a key business and investment hub in Africa.

By Ndahi Marama, Maiduguri The Borno State Government under the leadership of Governor Babagana Zulum has clarified the allegations purportedly circulating in some media platforms (Not Vanguard),…

Golden Penny Foods Limited celebrated its dealers and introduced a new pasta product, reaffirming its commitment to strengthening its nationwide distribution network with a planned N45bn investment.

The long-awaited upgrade of the N4 road between Mullingar and Longford has received a boost as design teams have initiated discussions with landowners.

Students from Obafemi Awolowo University (OAU) achieved a historic double victory, winning both the MTN University Duel and Smart Challenge STEM contests and earning N4m in prize money.

A Nigerian Senate panel has questioned the Socio-Economic Development Commission (SEDC) regarding its inability to provide a detailed account for over N4 billion in expenditures, demanding comprehensive documentation.

The Kano Fire Service rescued 34 lives and saved property worth over N437 million in May 2026, though 13 fatalities were recorded from various incidents.

The arraignment of a bank and four other defendants in an alleged N4.29 billion forex fraud case was stalled in Lagos after the defendants failed to appear in court. They are accused of conspiring to sell foreign exchange above Central Bank of Nigeria stipulated rates.

NNPC Ltd recorded a significant profit of N481 billion in April, driven by a substantial surge in revenue. The company's total earnings for the month reached N4.97 trillion.

Sokoto State Governor Ahmed Aliyu has gifted N450,000 (1,000 Saudi Riyals) each to 2,410 Sokoto pilgrims for their 2026 Hajj expenses and return journey.

Afentra has been granted the operational rights for the KON4 oil block located in Angola's Kwanza basin, marking a new development in the region's energy sector.

Fidelity Bank reported a 38% increase in its first-quarter revenue, reaching N434.9 billion, primarily due to a significant rise in interest earned from loans, treasury bills, and other investment securities.

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.

The Lagos State government has disbursed N1.9 billion to Micro, Small, and Medium Enterprises (MSMEs) to support small businesses. Additionally, Lagos is preparing to host "Invest in Lagos 3.0," an event aimed at attracting N4 trillion in investment inflows.

Guinness Nigeria Plc reported a N41 billion profit, emphasizing its commitment to sustainable growth, operational efficiency, and corporate transparency.

The Esther Matthew Tonlagha Foundation has empowered 41 graduates in Delta through its skill acquisition program, providing N1 million grants and essential tools to foster self-reliance.

Enugu State in Nigeria has allocated N439 million for child nutrition and health interventions in 2025, with N160 million specifically for the Child Nutrition Fund to procure essential commodities.

A faction of the PDP party, backed by Makinde, has released its election timetable and set the cost for presidential nomination and expression of interest forms at a total of N40 million.

An international study led by the University of Barcelona and the University of Oxford has identified the crucial role of the Ten4 protein in neuronal migration, shedding light on a key molecular mechanism.

Governor Peter Ndubuisi Mbah is highlighted for his intentional leadership, which has reportedly led to a substantial increase in Enugu's Internally Generated Revenue (IGR) from N26bn to N407bn.

Afriland Properties Plc announced an 8% rise in revenue to N4.07bn for 2025, alongside a 33% growth in total assets and a N329.7m dividend payout.

The Universal Basic Education Commission (UBEC) in Nigeria has unveiled its 2025 cycle of the School-Based Management Committee–School Improvement Programme, introduced a new Learners’ Retention Programme, and released N434.5m in funding.

The N68.32 trillion budget for 2026 earmarks N4.799 trillion for statutory transfers and N15.8 trillion for debt service. The post Tinubu signs N68 trillion 2026 budget into law appeared first on…

The Nigerian Federal Government incurred a subsidy obligation of N418.79 billion in the fourth quarter of 2025, according to data from the Nigerian Electricity Regulatory Commission. This highlights significant government spending in the power sector.

The Kano State government has paid N32 billion in gratuity and death benefits over three years, addressing an inherited N48 billion backlog. This marks the sixth tranche of payments.

Pastor Tunde Bakare announced that his church has fully repaid the N4bn Wema Bank loan, which was used for the construction of its Citadel edifice in Lagos.

The Nigeria Sovereign Investment Authority (NSIA) has reported a growth in its net assets to N4.88 trillion in 2025, driven by a disciplined investment strategy and portfolio management, despite experiencing foreign exchange losses.

The FCT Police Command has arrested several officers accused of extorting N40,000 from a resident, with the state commissioner vowing strict disciplinary measures against police misconduct.

Nigerian governors are under pressure to account for N47 trillion in FAAC payouts received since the removal of fuel subsidies, with questions arising about the impact of this revenue surge on public services.

Nigerian states have received a special allocation of N435 billion for security and infrastructure development. This funding aims to address critical needs across the country.

NDLEA operatives found a fentanyl precursor chemical in an Ogun State meth lab, leading to 10 arrests and a N480bn drug seizure.

Shelly has launched its new Flood S Gen4 water sensor, priced at $27.99, which features Matter and Zigbee compatibility, a two-year battery life, and high-sensitivity contact pads for early leak detection.

Nigeria's EFCC has recovered N4.4 billion worth of diesel that was allegedly converted by a Lagos-based oil firm, Prudent Energy, after it reported growing shortfalls in its stock.

Police in Bauchi State, Nigeria, arrested two suspects in Alkaleri Local Government Area for alleged possession of rustled cattle and attempting to bribe officers with N400,000 to compromise the investigation.

China has committed to providing 200 million RMB (approximately N40 billion) in grant assistance to Nigeria for development projects. This aid aims to support various initiatives within the country.

The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Company (KAEDC) due to significant financial, operational, and regulatory failures, appointing an administrator to oversee the utility.

Investors in Geregu Power Plc are concerned after the company defaulted on its N40.09 billion Series 1 Senior Unsecured Bond, missing a semi-annual coupon payment, amidst an 88% plunge in its earnings.

An Ondo woman has been arrested for allegedly defrauding 93 visa seekers of N42.3 million in a widespread visa scam.

Nigeria's House of Representatives committee is investigating the purported Presidential Foreign Investment Promotion Council (PFIPC) and its Director-General. A businessman testified to paying N400 million for a contract with the agency.

The Nigerian Exchange (NGX) experienced a 32% surge in turnover, reaching N404.7 billion in late July 2026, largely propelled by robust activity in banking stocks.

Nyesom Wike, the Minister of the Federal Capital Territory (FCT), announced that between ₦300 billion and ₦400 billion would be required to complete the long-stalled Millennium Tower project in Abuja, deeming the cost excessively high.

Nigerian government agencies have earmarked N400 billion in the 2026 budget for the construction and maintenance of mosques, palaces, and other public halls. This allocation has drawn attention as part of the national budget.

Festus Keyamo inaugurated the newly remodeled domestic terminal at Kano Airport and revealed a N46 billion investment for runway reconstruction, aiming to modernize the airport.

Lawmakers in Ondo State have indefinitely suspended legislative duties, demanding the resignation of Speaker Olamide Oladiji amidst allegations surrounding a N44 million diversion.

Dimension Data has secured N4.05bn from its N20bn bond programme to fund the expansion of its fibre network, a move expected to boost Nigeria’s digital connectivity and economy.

Twenty-one lawmakers in Nigeria's Ondo State Assembly are demanding the resignation of Speaker Olamide Oladiji, accusing him of collecting N44 million from a development commission on their behalf without distributing it.

The Nigerian Exchange (NGX) gained N307 billion, increasing market capitalization to N159 trillion. Concurrently, the Naira strengthened by N4.80 against the dollar in the official market.

The Yobe State Government has approved N460.8 million to empower female small business owners, including akara sellers, by providing them with beans, stoves, and utensils.

A court has ordered the final forfeiture of N4.6 billion in jewelry, N4.3 billion in exotic cars, and cash recovered from Aisha Achimugu.

Adeyemi has denied hiding and stated that he borrowed N400 million to secure his appointment to the PFIPC, speaking hours after calling for an independent panel to investigate the controversy.

A Nigerian governor has pledged N1 million to South Africa returnees, with additional support of N41 million for Edo state citizens affected by xenophobia.

Three Mexican nationals and seven other individuals have been remanded in prison over a N480 billion meth lab discovered in Ogun State, Nigeria. The NDLEA has vowed to dismantle drug cartels.

Traders at the Bridge Head Drug Market in Onitsha, Nigeria, have handed over substandard, falsified, and expired drugs valued at N435 million to the National Agency for Food and Drug Administration and Control (NAFDAC) for destruction.

The Okpeyo Temile Foundation has allocated over 450 million naira to support small and medium-sized enterprises (SMEs) and provide assistance to the elderly through its 2026 business support grant, with total investments reaching N4 billion.

The leadership of the Ogbo Ogwu Medicine Market in Onitsha, Anambra State, has handed over fake, expired, and unwholesome drugs valued at over N430 million to the National Agency for Food and Drug Administration (NAFDAC).

Nigeria's National Biosafety Management Agency (NBMA) has destroyed 950kg of unauthorized transgenic cotton seeds valued at N40 million. This action was taken due to the seeds lacking proper approval for use in the country.

The LFTZ Customs Command reported a revenue of N408.8 billion from January to June 2026, marking a 28.85% increase due to strategic compliance and stakeholder engagement.

Nigeria requires N4.55 billion to recruit 122,696 primary healthcare workers to fill vacancies across 26 states, addressing a critical shortage in its healthcare system. The federal government highlighted the significant gap in staffing.

Nigeria's ICPC has stated it has not received any petition to investigate Borno State's controversial N4bn rail project, despite public outcry and calls for a probe.

Formula E is evolving with a 600kW Gen4 car, expanding beyond its original street circuit premise and increasingly resembling Formula 1 in its calendar and performance, though a diverse landscape rather than direct competition is expected.

Nigeria's manufacturing sector contributed N404 billion in VAT and CIT in the first quarter of 2026, reinforcing its position as a major contributor to government revenue outside of oil.

The Economic and Financial Crimes Commission (EFCC) has arrested a Nigerian-American suspect in connection with an alleged $320,000 (N434 million) vehicle import fraud. The suspect was apprehended over a vehicle import scam.

FirstHoldCo has successfully closed a ₦45 billion private placement at ₦44.06 per share, significantly strengthening FirstBank's capital base and enhancing its financial stability.

The Federal Airports Authority of Nigeria (FAAN) has launched an investigation into alleged gold smuggling by its staff at Kano Airport, following the arrest of an employee attempting to smuggle N4.4bn worth of gold.

Nigeria's EFCC has arrested an aviation security officer and two others at Kano airport for allegedly attempting to smuggle N4.4 billion worth of gold.

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.

Nigeria's equities market experienced a significant decline, with market capitalization falling and investors losing N478 billion as the downward trend continued.

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.

NEM Insurance Plc announced that it paid N41.46 billion in gross claims across various segments in 2025, demonstrating its strong claims-paying capacity.

Achievers University in Ondo State, Nigeria, was defrauded of N457 million in a large-scale tuition fraud scheme involving an ex-female worker and several students.

Sterling Financial Holdings has announced a significant milestone in Q1 2026, with its total assets surpassing N4 trillion, alongside robust profit growth and a strengthened capital position.

Kidnappers of Kwara ECWA members are now demanding N300 million, despite already receiving N20 million, five bags of rice, 120 liters of petrol, red oil, seasoning, and N40,000 worth of hard drugs.

The Debt Management Office (DMO) announced the listing of its 18.95 percent N47.36 billion Series III Sovereign Green Bond, due June 2030, on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited.

Nigeria's green bond borrowing has increased by N47 billion, indicating a strategic shift towards climate-linked financing for sustainable projects.

Access ARM Pensions has reported significant growth in its first full year post-merger, achieving N42.4 billion in revenue and declaring a N2 million dividend, with assets under management exceeding N4 trillion.

A Bauchi commissioner facing a N4.6 billion fraud charge has received court permission to travel to Saudi Arabia for the Hajj pilgrimage and medical surgery.

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.

Access Holdings has announced a record N1 trillion Profit Before Tax (PBT) for 2025, highlighting strong financial results, a robust balance sheet, and a new strategic focus on value over scale.

The financial services group GTCO announced an increase in its interest income to N458 billion, though much of this growth was offset by a significant rise in income tax spending.

Telecommunication companies in Nigeria are calling for urgent regulatory intervention to safeguard N400 billion in market value.

Nigerian Breweries Plc announced a profit of N55.95 billion for the first quarter of 2026, alongside an 8% increase in revenue, which rose to N413.02 billion from N383.64 billion in Q1 2025.

Nigerian electricity distribution companies (DisCos) have installed over 130,000 new meters for customers, prioritizing Band A users, through the N49 billion Meter Acquisition Fund. This initiative aims to improve metering infrastructure and reduce estimated billing.

Nigeria's Central Bank is implementing stricter financial policies to combat inflation, leading to an interbank deficit of N4.1 trillion and impacting local banks.

A Chinese quarry company has paid N4.3 million in compensation to the family of a boy who was killed during its operations, with N4 million going to the parents and N300,000 to the local kingdom.

The Universal Basic Education Commission (UBEC) has released N44.24 billion in matching grants to 11 states, including Kaduna and Ondo, to support basic education infrastructure projects.

Delta State police in Nigeria have arrested a man for allegedly purchasing a prohibited Beretta pistol for N450,000 via Snapchat, claiming it was for self-protection.

Automaker Kia has announced a substantial capital expenditure plan of 49 trillion Korean Won by 2030, focusing on expanding its electric vehicle production, software development, and robotics initiatives.

Nigeria's oil royalties increased by 87.6% to N471.27bn in February, a surge attributed to a new executive order that centralizes revenue collection.

The Central Bank of Nigeria (CBN) has announced the conclusion of its banking sector recapitalization program, with 33 deposit money banks raising N4.65 trillion to expand lending and support economic growth.