Search

The federal government begins a six-month N70,000 monthly transport allowance for public servants, backed by the NLC but rejected by the TUC, alongside NERSI cash payments.

Gold drops as much as $66 an intraday session as the surprise US jobs report lifts the dollar and cools Fed rate-cut bets, reversing its week-long haven bid.

October US layoff announcements fell to their lowest since 2023 ahead of Friday payrolls, strengthening the Fed December rate debate.

FG plans about N3trn in Bank of Industry capital by 2026 under a new National Industrialisation Plan targeting 25% renewable energy in industry by 2030.

Nigeria Customs Service engaged six federal agencies in a coordinated framework against cross-border financial crimes and trade-based money laundering.

US employment costs rose 3.4% year on year in the third quarter, a fourth straight subdued reading that shapes Federal Reserve policy.

US stocks slipped on Thursday after Alphabet's quarterly results disappointed and the Federal Reserve kept its target range at 3.75 to 4 per cent, while the ECB held rates and Christine Lagarde announced a resignation effective in February.

Global oil benchmarks held firm on Thursday, with Brent trading near $110.80 after a week in which Middle East refinery damage kept supply risk at the centre of pricing, and the US Federal Reserve's decision to hold rates cooled demand expectations.

Agriculture and Food Security Minister Abubakar Kyari told the Nigerian Economic Summit that post-harvest losses cost the economy about $10 billion annually, with grains losing 15 to 20 per cent in traditional storage and fruit and vegetables losing 60 to 70 per cent.

President Bola Tinubu has defended a proposed $21.7 billion external borrowing plan, describing the funds as financing for infrastructure and productive assets intended to support growth and job creation rather than consumption.

Nigeria has presented a plan to expand tree crop plantations by one million hectares to European investors in Brussels, positioning cocoa and other tree crops as an investment frontier while rehearsing compliance with the EU's deforestation regulation.

The 10–2 vote leaves dollar policy rates unchanged, with dissenters favouring tighter policy as inflation remains elevated.

The carrier raised its revenue and adjusted earnings forecasts, although a retained investment loss reduced reported quarterly net income.

The naira strengthened to about N1,347 per dollar in the official market on Thursday, 29 October 2026, having traded near N1,367 earlier in the week, while a CBN survey shows businesses expect continued stability and modest appreciation.

Cocoa farmers’ associations are intensifying pressure for value-chain reforms, warning through their representatives that proposed federal commodity board legislation must not recreate the rent-seeking structures that impoverished farmers under Nigeria’s old marketing boards, BusinessDay reported on Monday, October 26.

Reactions have trailed the Federal Government’s introduction of a discounted pump price at NNPC Limited’s retail stations, New Telegraph reported on Tuesday, October 27, with consumers welcoming the relief while independents and analysts question the scheme’s structure and sustainability.

Global markets steadied on Monday, October 26, as French government bonds rallied after Moody’s affirmed France’s rating and the OAT-Bund spread narrowed to 160 basis points, while Asian equities opened cautiously as oil eased from six-month highs.

US equities snapped a two-day slide on Monday, October 26, with the S&P 500 up 0.70% to 7,676.77, the Dow higher by 0.28% and the Nasdaq up 0.82%, after reports that Anthropic had filed for a Nasdaq IPO under the ticker ANT.

The Federal Government has accused some Lagos companies of stealing as much as 150 megawatts daily by connecting factories directly to the national grid without DisCo consent, and intends to recover the charges owed.

The Federal Government on October 24, 2026 commissioned six transmission substations adding 640MW to the grid, comprising four sites in Kano State totalling 544MW and two 60MVA stations in Katsina State.

The Federal Reserve meets October 27-28 with the decision at 7 p.m. Nigerian time Wednesday, and the 10-year Treasury yield closed Friday at 4.99% after an artificial-intelligence-driven whipsaw through the week.

The federal government, FAAN and Bi-Courtney have signed agreements to end their long-running MMA2 dispute, with the operator waiving a N132 billion claim and FAAN set to collect concession fees.

Housing starts fell 5.2% to 1.221m while pending home sales dropped to record low amid high mortgage rates.

Comptroller-General Bashir Adeniyi wants 2024 import duty concessions worth N1.68 trillion reviewed, warning that poorly targeted waivers deprive government of revenue as Customs targets N11.07 trillion in 2026.