China Donates $1m to Support Nigeria’s Flood Relief The Federal Government’s flood relief efforts were boosted on Wednesday as the Chinese government donated $1m to support victims in the northern states. The Minister of Budget and Economic Planning, Abubakar Bagudu, signed the exchange notes on the financial support with the Chinese Ambassador to Nigeria, Yu

FG Upholds Revocation of Over 50 Oil Licences, Cites Capacity Gaps The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has refused to approve the extension of over 50 expired oil licences currently on his table. Lokpobiri stated that over 60 licences were awarded in a marginal bid round that took place a few years ago.

A major corruption scandal has rocked Equatorial Guinea after a senior government official, Baltasar Ebang Engonga, was sentenced to eight years in prison for embezzlement, just months after his name was linked to a sensational leaked video scandal that drew global attention. The ruling, handed down by the Bioko provincial tribunal, found Engonga guilty of

Global tech giant, Google, has officially thrown open applications for its 2026 internship programmes, giving young Nigerians a golden chance to earn as much as ₦4.8 million every month while building their careers with one of the world’s leading technology companies. The internship, which typically runs for three to six months, is designed for both

Nigeria has banned the export of raw shea nuts for 6 months to encourage more local processing and keep more value in the country. Vice-President Kashim Shettima said Nigeria produces nearly 40% of the world’s shea nuts, about 350,000 tonnes a year,but earns only 1% of the $6.5bn global shea market. He called the situation

Africa’s largest economies have experienced an outflow of wealthy residents over the past decade. More than 8,000 millionaires left top markets, with Nigeria recording the largest drop, according to recent private-wealth estimates. The figures come from private-wealth research (including Henley & Partners and New World Wealth). The numbers at a glance Nigeria: down 3,384 from

The Central Bank of Nigeria (CBN) has rolled out fresh directives that will significantly change how Point of Sale (PoS) terminals operate across the country.  The new rules, targeted at banks, fintech firms, and licensed payment service providers such as OPay, Moniepoint, PalmPay, and Kuda, are aimed at strengthening security around electronic transactions and curbing

Review: A Trilogy of PRNigeria Books on Economic Renewal By Dr. Sule Yau Sule When the Editor-in-Chief of PRNigeria and Economic Confidential, Mallam Yushau Shuaib, invited me to write the forewords for three distinct books addressing Nigeria’s monetary policy, healthcare reform, diplomacy, and digital innovation, I was deeply honored. As an avid reader of the

Osun Takes FG to Supreme Court over LG Funds Seizure The Government of Osun State has filed a suit at the Supreme Court of Nigeria against the Attorney General of the Federation (AGF) over the alleged unlawful withholding of statutory allocations meant for its 30 local government councils since March 2025. In the originating summons

Investors Gain N203bn as Stocks Extend Rally The Nigerian Exchange extended its bullish momentum on Tuesday as investors gained N203bn, pushing the market capitalisation to N89.7tn at the close of trading. The benchmark All-Share Index rose by 321.59 points, or 0.23 per cent, to settle at 141,761.36 compared with 141,439.77 recorded on Monday. This brought

FG Issues N136bn in Medium-term Bonds The Federal Government of Nigeria has successfully allotted a total of N136bn in its recently concluded five- and seven-year bond auctions, with marginal rates of 17.945 per cent and 18 per cent, respectively. According to the offer document on its website on Tuesday, the new five-year FGN August 2030

CBN Orders Banks to Complete Payment System Upgrade by Oct. 31 The Central Bank of Nigeria has issued a fresh directive mandating all participants in the country’s payment ecosystem to complete migration to the ISO 20022 messaging standard and implement mandatory geo-tagging of payment terminals by October 31, 2025. In a circular published on its