Thousands Trapped as Abuja–Lokoja Expressway Suffers Fresh Gridlock
Commuters were stranded for hours on Monday following a severe traffic gridlock along the Abuja–Lokoja Expressway, disrupting movement toward Abuja and neighbouring communities. The congestion affected both lanes of the…
FG Probes Temu Over Alleged Breach of Nigeria’s Data Protection Law
The Federal Government has initiated a formal investigation into e-commerce platform Temu over concerns that its data handling practices may violate provisions of Nigeria’s Data Protection Act (NDPA). The…
Naira Gap Narrows to N65 as BDCs Await Fresh Dollar Supply
The spread between Nigeria’s official foreign exchange market and the parallel market narrowed further to N65 on Friday as Bureau De Change (BDC) operators prepared to access fresh dollar supply…
African Development Bank Approves $200m Loan for Climate-Smart Agriculture in Nigeria
The African Development Bank (AfDB) has approved a $200 million loan to support climate-smart and technology-driven agriculture in Nigeria, reinforcing efforts to enhance food security, raise productivity, and strengthen agricultural…
Planners Seek Presidential Intervention Over Land Governance Reforms
Professional town planners operating under the Nathaniel Atebije Foundation for Planning Advocacy (NAFPA) have urged President Bola Tinubu to safeguard Nigeria’s statutory planning framework amid concerns over recent administrative actions…
Lagos to Spend N55bn on Legislative Housing Despite 3.4m Deficit
The Lagos State House of Assembly has approved about ₦55.47 billion for the construction of residential quarters for lawmakers in its 2026 budget, despite the state’s estimated housing deficit of…
Tax Reform Committee Denies 25% Levy on Building Materials
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed reports that the Nigeria Tax Act 2025 imposes a 25 per cent tax on building materials, construction funds, and related…
Lagos Begins Statewide Valuation of Public Assets Under IPSAS Reform
The Lagos State Government has appointed seven consultancy firms to carry out a comprehensive valuation of all government-owned infrastructure across the state. The exercise, being coordinated by the Lagos State…
UPDC Secures 24-Month Extension to Meet NGX Free Float Requirement
The Board of Directors of UPDC Plc has announced that NGX Regulation Limited (NGX RegCo) has granted the company a 24-month extension to comply with the Nigerian Exchange’s (NGX) free…
Festac Town Faces Environmental Disaster as Developers Encroach on Buffer Zones
Festac Town, once hailed as one of Africa’s largest and most organized estates when it opened in 1977, is facing a serious environmental threat. Original buffer zones designed to mitigate…