ECONOMY

About N46.6 billion has been earmarked for roads, bridges, drainage, erosion and flood-control projects across Nigeria under the 2026 budget of the Federal Cooperative College, Oji River, raising questions over the allocation of nationwide infrastructure projects to an institution focused on cooperative education.

Enugu State Governor Peter Mbah has flagged off the dualisation of the 43.7km Penoks-Abakpa Nike-Ugwogo Nike-Opi-Nsukka Road, with streetlights and an 18-month completion target, in a project expected to cut travel time and boost economic activity.

By Isaac Mission   Business activities were disrupted in Obollo-Afor, Udenu Local Government Area of Enugu State, on Wednesday as traders closed their shops and markets to protest what they…

By Isaac Mission   Enugu State Commissioner for Works and Infrastructure, Engr. Ben Osy Okoh, has led members of Hilltop Club 72, Lagos, on an inspection tour of selected infrastructure projects…

By Isaac Mission The Abia State Government has commenced moves to establish what could become the first national park in Nigeria’s South-East geopolitical zone. Governor Alex Otti has directed the…

By Isaac Mission   The Enugu State Government has given roadside traders operating along the Abakpa Nike axis seven days to remove their activities from roads and other areas obstructing…

By Isaac Mission   The Economic and Financial Crimes Commission (EFCC) has recovered more than N115 billion and $84 million in outstanding statutory levies owed to the Niger Delta Development…

By Peace Orjiani   House rent in Enugu has continued to increase because of the rising cost of building materials, population growth, demand for accommodation and the development of new…

By Isaac Mission   Nigerian airlines suffered losses estimated at more than N1 billion on Tuesday after aviation unions shut down operations, forcing the cancellation of over 80 flights and…

By Isaac Mission   The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, has described the 2026 Nigeria Diaspora Investment Economic Conference (NIDEC) as a strategic economic…

By Isaac Mission   President Bola Ahmed Tinubu, Vice President Kashim Shettima, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, and Central Bank of Nigeria (CBN)…

By Isaac Mission   Twelve companies listed on the Nigerian Exchange Limited (NGX) recorded a combined 16.9 per cent increase in cost of sales and operating expenses (OPEX) to N10.14 trillion in…

By Isaac Mission   Nigeria’s Public-Private Partnership (PPP) model for modernising the country’s customs operations is set to be replicated across Africa under a $3.1 billion AfCFTA customs…

By Isaac Mission   The Central Bank of Nigeria (CBN) has opened applications for the second cohort of its Regulatory Sandbox Programme, creating dedicated testing tracks for virtual assets and…

By Isaac Mission   Nigeria is losing billions of dollars in potential economic value because it continues to export large volumes of raw materials instead of processing, branding and marketing…

By Isaac Mission   Former Anambra State Governor, former Minister of Sports and ex-Senator representing Enugu East, Jim Ifeanyichukwu Nwobodo, has been drawn into a property dispute in Enugu…

By Faith Eze         Brent crude oil prices have climbed above $88 per barrel as investors closely watch the latest developments between the United States and Iran. The increase…

By Faith Eze         The Nigerian naira weakened slightly against the United States dollar in the official foreign exchange market, closing at N1,364.89 per dollar, compared with…

By Faith Eze         Nigeria’s plan to increase local oil refining is facing another major challenge as several modular refineries are reportedly finding it difficult to buy…

By Isaac Mission President Bola Tinubu has approved a new framework aimed at attracting up to $50 billion in fresh investment into Nigeria’s deep offshore oil and gas sector. The framework replaces…

By Faith Eze       Nigeria and Ghana are facing growing pressure from debt-service costs, with the African Development Bank (AfDB) warning that interest payments are taking up…

By Isaac Mission The Nigerian equities market started the week on a positive note as investors’ wealth increased by about ₦1.91 trillion, following a strong upward movement in the benchmark NGX…

By Isaac Mission Former Vice President and African Democratic Congress (ADC) presidential candidate, Atiku Abubakar, has called on President Bola Ahmed Tinubu to clarify reports concerning government…

By Faith Eze A 30-year-old Italy-based businessman has been arrested by operatives of the National Drug Law Enforcement Agency (NDLEA) at the Akanu Ibiam International Airport in Enugu after he…