Articles

The University of Lagos (UNILAG) has moved to expand students’ housing capacity by handing over the site for over 161-bedspace for the medical students’ hostel to Colton Construction Limited. The development aligned with the Renewal Hope Agenda of President Bola Tinubu’s efforts to strengthen infrastructure in Nigeria’s tertiary education sector. Folasade Ogunsola, the vice-chancellor at […]

The Nigerian Railway Corporation (NRC) has announced an expansion of its train services nationwide as part of special arrangements to ease passenger movement during the Easter holiday period. In a statement signed by its Chief Public Relations Officer, Callistus Unyimadu, the corporation said additional trips have been introduced on key routes to accommodate the anticipated

read more BusinessDay 02 Apr 2026

Currently, the numbers from the Nigerian economy suggest recovery, yet the lived reality of millions of citizens tells a different story. On paper, the economy is expanding at its fastest pace in three years. In reality, households continue to sink deeper into hardship, squeezed by a cost-of-living crisis. According to the National Bureau of Statistics,

The Federal Road Safety Corps (FRSC) has announced the redeployment of 162 senior officers across its formations nationwide in a move aimed at strengthening operational efficiency and enhancing road safety outcomes. The redeployment, approved by Shehu Mohammed, the Corps Marshal, is described as a strategic shake-up designed to reinforce discipline, improve performance, and drive innovation

European energy officials are scrambling for alternative suppliers after strikes on QatarEnergy’s Ras Laffan facility forced the company to declare force majeure on liquefied natural gas contracts with Belgium, Italy, and Poland. Nigeria consistently tops their shortlists. With Africa’s largest proven gas reserves and Atlantic shipping routes completely insulated from the chaos enveloping the Strait

The one-month war in Iran cost Arab countries up to $194bn The United Nations Development Programme has warned that the US-Israel war on Iran is inflicting severe economic damage across Arab economies, with losses estimated between $120bn and $194bn after just one month of conflict. According to the report, regional GDP could shrink by up

Nearly two decades after the 2004 recapitalisation that reshaped Nigeria’s banking sector and cut the number of banks from 89 to 25, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, signalled another round in November 2023. By March 2024, the policy was formalised, with a 24-month compliance window from April 1, 2024 to March 31,

The first quarter (Q1) of 2026 has officially rewritten the record books for the Nigerian Exchange Limited (NGX), delivering a staggering N29.83trillion gain for equity investors. This circa N30trillion, biggest first quarter gain in Nigeria’s stock history, was driven by corporate earnings and reform optimism – like the just ended banking sector recapitalisation. The record

As the 2026 election season heats up, three ministers have resigned from President Bola Tinubu’s administration in anticipation of a strict presidential directive requiring politically ambitious appointees seeking governorship ambition to step down. Adelabu Adelabu, Minister of Power, was the latest candidate to tender his resignation on Tuesday evening to pursue his 2027 governorship ambitions