Naija247news

PDP Faction Says Adeleke’s Victory Is ‘Advance Payment’ To APC Ahead Of 2027

ABUJA, August 16 (Naija247news) — A faction of the Peoples Democratic Party (PDP) led by former Sokoto State Governor Aminu Tambuwal, popularly…

Nigeria’s FAAC Payouts Surge To ₦2.8tn As States Push For Greater Fiscal Autonomy

OWERRI, August 17 (Naija247news) — Nigeria’s monthly federal revenue distributions have surged to more than ₦2 trillion, from an average of ₦300…

Nigeria’s Infrastructure Amnesia: Why Economic Policies Die With Every Administration

Opinion | Naija247news

Tinubu Hails Babangida’s Enduring Influence As Former Military Leader Turns 85

ABUJA, Aug. 17, 2026 — President Bola Tinubu marked Ibrahim Babangida’s 85th birthday by praising the former military ruler’s lasting influence…

AfCFTA Signs $3.1bn Customs Deal With Nigeria’s Bergmans To Digitize Border Trade

ABUJA, Aug. 6 — The African Continental Free Trade Area (AfCFTA) Secretariat has entered into a 20-year, $3.1bn concession agreement with Nigeri…

NIBOR Rates Ease As Stronger Liquidity Relieves Funding Pressure

Core Focus: NIBOR Curve, OPR, Overnight Funding, System Liquidity and Short-Term Funding Conditions

Money-Market Liquidity Swells As ₦2.45tn Repayments Replenish Bank Funding

LAGOS, Aug. 7 — Naija247news Intelligence — Liquidity in Nigeria’s banking system expanded sharply during the week as primary-market repayments…

Nigeria Eurobonds Rally As Foreign Demand Drives Yields Lower

Nigeria’s sovereign Eurobonds extended their positive performance during the week as stronger investor demand and reduced selling pressure suppo…

Nigeria Bets On $8bn Ajaokuta Steel Revival With 50m Cu Ft Gas Deal

The bottom line: Ajaokuta needs modern technology and uncompromised private discipline, not just gas pipelines; without structural operational r…

EFCC's Over-Sabi And 2027 Question: Is Tinubu Being Misled By His Inner Circle?

By Yushau A. Shuaib

Sahara Upstream Adds New Tanker To Accelerate OML 18 Exports As Nigeria Pushes For Higher Oil Output

LAGOS, Aug. 3 (Naija247news) — Sahara Upstream has deployed a new 380,000-barrel crude tanker to support exports from Nigeria’s OML 18 oil block…

Stem Cell Transplant: Closing The Gap In Multiple Myeloma Care In Africa

Professor Aisha Kuliya-Gwarzo, Clinical Director of Haematology Services, African Medical Centre of Excellence (AMCE), Abuja

Nigeria’s Largest Bank Launches Sale Of 1 Billion Bridge-Held Shares

LAGOS, Aug. 3 (Naija247news) — Nigeria’s largest lender has commenced the sale of approximately 1 billion ordinary shares held by a bridge (spec…

Nigeria Approves $4.5bn NNPC Oil-backed Refinancing To Boost Reserves, Infrastructure Funding

ABUJA, Aug. 4 (Naija247news) — Nigeria’s National Economic Council (NEC) has approved the refinancing of NNPC Limited’s $3.3 billion oil-backed…

Nigeria’s Insurance Recapitalisation Nears Completion As 43 Firms Meet New Capital Rules

LAGOS, Aug. 3 (Naija247news) — Nigeria’s insurance industry has taken a significant step toward consolidation after 43 insurance and reinsurance…

Dangote Refinery Targets $5 Billion IPO In Africa’s Largest-Ever Listing

LAGOS, Aug. 4 (Naija247news) — Dangote Petroleum Refinery is seeking to raise about $5 billion through an initial public offering (IPO) expected…

NNPC Offers September Cawthorne, Bonny Light Crude Cargoes As Nigeria Expands Export Grades

LONDON, Aug. 3 (Naija247news) — The Nigerian National Petroleum Company (NNPC) has issued fresh tenders for the sale of two September-loading cr…

Trading Activity Rises As Nigerian Investors Reposition Portfolios Ahead Of Earnings

LAGOS, Aug. 4 — Naija247news Intelligence — Trading activity on the Nigerian Exchange increased as investors repositioned portfolios ahead of th…