Legal
EFCC arraigns four for N44m contract fraud in Maiduguri
The Economic and Financial Crimes Commission (EFCC) has arraigned four individuals in Maiduguri in connection with an alleged contract fraud amounting to N44 million.
The wire
Everything AURA read
The latest 59 distinct stories from Nigeria’s business and regulatory press, each scored for risk and linked to the people and companies it names.
Today
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Government
Shut down hazardous gas pipelines, HOMEF tells FG after Rivers explosion
The House of Representatives Committee on Home Affairs (HOMEF) has called on the Federal Government to shut down hazardous gas pipelines following an explosion in Rivers State.
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Legal
How appeal court’s verdict on nullification of some CAMA's provisions strengthens human rights suits
The Court of Appeal has nullified certain provisions of the Companies and Allied Matters Act (CAMA), which is expected to facilitate and strengthen human rights litigation involving corporate entities.
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Government
FAAN begins earning MMA2 revenue as 20-year dispute with Bi-Courtney ends
The Federal Airports Authority of Nigeria (FAAN) has begun receiving revenue from the MMA2 terminal following the resolution of a 20-year legal and contractual dispute with Bi-Courtney Aviation Services Limited.
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Government
Nigerian govt sets up committee to expedite agricultural interventions, boost food security
The Nigerian government has established a committee aimed at expediting agricultural interventions to enhance national food security.
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Government
Oyedele links N30tn monetary financing to Nigeria’s inflation pressures
Analysis by Oyedele links N30 trillion in monetary financing to current inflation pressures within the Nigerian economy.
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Government
FG pays N4.25bn to 600 more former Nigeria Airways workers
The Federal Government of Nigeria has disbursed N4.25 billion to an additional 600 former employees of the defunct Nigeria Airways.
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Government
Taraba Assembly approves state police bill
The Taraba State House of Assembly has approved a bill to establish a state police force.
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Government
FG, Bi-Courtney end 18-year MMA2 dispute, to complete abandoned projects
The Federal Government of Nigeria and Bi-Courtney have reached a settlement to end an 18-year dispute regarding the MMA2 terminal. Both parties have agreed to collaborate to complete previously abandoned projects.
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Government
Customs bans imported vehicles’ chassis number alteration, others
The Nigeria Customs Service has issued a ban on the alteration of chassis numbers for imported vehicles to curb irregularities in vehicle imports.
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Government
Customs targets N11.07tr revenue, intelligence-driven border control
The Nigeria Customs Service has set a revenue target of N11.07 trillion and is shifting toward intelligence-driven border control strategies.
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Government
Ministry, NECA, SON reject regulatory overlaps, others in new NAFDAC bill
The Ministry, Nigeria Employers' Consultative Association (NECA), and Standards Organisation of Nigeria (SON) have expressed opposition to regulatory overlaps and other provisions within a proposed new NAFDAC bill.
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Government
Price surge awaits phone market as NCC enforces device policy
The Nigerian Communications Commission (NCC) is enforcing a new device policy which is expected to lead to a price surge in the local mobile phone market.
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Government
NUPRC gives 22 oil block awardees 18 months to deliver first oil
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has mandated that 22 oil block awardees achieve first oil production within an 18-month timeframe.
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Government
FG orders MDAs to publish audited accounts by Q1 2027
The Federal Government of Nigeria has directed all Ministries, Departments, and Agencies (MDAs) to publish their audited accounts by the first quarter of 2027 to enhance transparency and accountability.
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Company
CBN approval still pending as JPMorgan pursues Nigeria banking licence
JPMorgan is seeking a banking licence to operate in Nigeria, with approval currently pending from the Central Bank of Nigeria (CBN).
Yesterday
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Company
United Nigeria posts N23bn profit in 2025
United Nigeria has reported a profit of N23 billion for the year 2025.
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Government
FG pays fresh N4.25bn to 600 ex-Nigeria Airways workers
The Federal Government of Nigeria has disbursed N4.25 billion to 600 former employees of the defunct Nigeria Airways.
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Legal
Abuja bizman arrested over alleged $120m fraud
An Abuja-based businessman has been arrested in connection with an alleged fraud amounting to $120 million.
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Government
Osun plans statewide AI surveillance system, drones to tackle insecurity
The Osun State government is planning to implement a statewide AI surveillance system and deploy drones to combat insecurity within the state.
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Legal High
Sule Lamido’s son denies, money laundering, bribery charges against him, his father, others
The son of former Governor Sule Lamido has denied charges of money laundering and bribery involving himself, his father, and other unnamed individuals.
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Government
APC Campaign Council creates new directorates, names Betta Edu, youth, women's affairs, ministers as directors.
The APC Campaign Council has established new directorates and appointed several individuals, including Betta Edu and various ministers for youth and women's affairs, as directors.
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Government
Enugu LG councils to begin payment of 25-year gratuities arrears
Local Government councils in Enugu State are set to commence the payment of gratuity arrears spanning a 25-year period.
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Legal High
EFCC, Emefiele differ over evidence in alleged fraudulent $6.23m CBN withdrawal, contract fraud trial
The EFCC and former CBN Governor Godwin Emefiele are in dispute regarding evidence in a trial involving an alleged fraudulent $6.23 million withdrawal from the Central Bank of Nigeria and associated contract fraud.
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Government
NCDMB, stakeholders chart path for domestic manufacturing of critical oil and gas equipment
The Nigerian Content Development and Monitoring Board (NCDMB) and industry stakeholders are collaborating to develop strategies for the domestic manufacturing of critical oil and gas equipment to enhance local content.
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Government
NITDA dashboard tracks 2.76m digital literacy records, targets 70% by 2027
The National Information Technology Development Agency (NITDA) has launched a dashboard tracking 2.76 million digital literacy records, with a target of reaching 70% coverage by 2027.
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Government
NCDMB, Dangote, push for sustainable Nigerian content
The Nigerian Content Development and Monitoring Board (NCDMB) and Dangote are collaborating to promote and ensure the sustainability of Nigerian content within the industry.
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Government
N100bn Loan: Alli warns Makinde against reckless spending
Warning issued to Governor Seyi Makinde regarding the management and spending of a N100 billion loan.
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Government
We'll pursue ₦11.07tn revenue target through compliance, not harassment, says Customs CG
The Comptroller General of the Nigeria Customs Service has announced a revenue target of ₦11.07 trillion, emphasizing a strategy focused on compliance rather than harassment.
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Government
NTI centre managers suspend strike, reach agreement with management
Centre managers at the National Teachers Institute (NTI) have suspended their strike following an agreement reached with the management.
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Legal
EFCC arrests Abuja businessman for defrauding Ukrainian investor of $120m
The Economic and Financial Crimes Commission (EFCC) has arrested a businessman based in Abuja for allegedly defrauding a Ukrainian investor of $120 million.
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Government
Reps move to regulate nutrition practice, protect Nigerians from harmful dietary advice
The House of Representatives is moving to regulate nutrition practice in Nigeria to protect citizens from harmful dietary advice.
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Government
Reps demand higher budgetary allocation to tackle erosion in Bayelsa community
Members of the House of Representatives are calling for increased budgetary allocations to address coastal erosion issues within communities in Bayelsa State.
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Government
Plateau revitalises 105 PHCs, upgrades two to cottage hospitals
The Plateau State government has revitalized 105 Primary Health Care centers (PHCs) and upgraded two of them to cottage hospitals to improve healthcare delivery.
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Government
NECA, SON, Health Ministry oppose proposed NAFDAC bill over regulatory overlaps
The Nigeria Employers' Association (NECA), Standards Organisation of Nigeria (SON), and the Federal Ministry of Health have expressed opposition to a proposed NAFDAC bill, citing concerns over regulatory overlaps.
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Government
Keyamo approves design for Lagos airport monorail
The Minister of Aviation, Festus Keyamo, has approved the design for a monorail system at the Lagos airport.
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Government
FG considers weighbridges on Lagos-Ibadan Expressway
The Federal Government is considering the installation of weighbridges on the Lagos-Ibadan Expressway to manage vehicle loads and road maintenance.
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Government
Lagos water corporation revises 1.03% coverage figure, says it serves 1.65 million people
The Lagos Water Corporation has revised its previous coverage figures, stating that it currently serves 1.65 million people.
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Legal
Court fines former banker N1m over bank fraud in Lagos
A court in Lagos has fined a former banker N1 million following a conviction for bank fraud.
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Company
EIB Global, FCMB join forces to support private sector, sustainable agriculture with €85 million funding
EIB Global and First City Monument Bank (FCMB) have partnered to provide €85 million in funding to support the private sector and sustainable agriculture in Nigeria.
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Government
NASS Deploys AI training for 3,841 staff
The National Assembly (NASS) has implemented an Artificial Intelligence training program for 3,841 of its staff members to enhance operational capacity.
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Legal High
EFCC witness answers questions on work histories of ex-minister Sirika’s daughter, son-in-law
The Economic and Financial Crimes Commission (EFCC) is investigating the work histories of the daughter and son-in-law of former Minister Sirika as part of a broader legal proceeding.
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Government
INEC, others seek safeguards against AI threats to 2027 elections
The Independent National Electoral Commission (INEC) and other stakeholders are seeking safeguards to mitigate the threats posed by Artificial Intelligence (AI) to the 2027 general elections.
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Government
Enugu Assembly approves creation of state police
The Enugu State House of Assembly has approved the creation of a state police force to enhance local security.
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Government
Lagos can’t fund Fourth Mainland Bridge alone, says Hamzat
The Lagos State government, represented by Hamzat, has indicated that the state cannot solely fund the construction of the Fourth Mainland Bridge, implying a need for external funding or Public-Private Partnerships (PPP).
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Government
Keyamo approves design for Lagos Airport monorail project
The Minister of Aviation, Festus Keyamo, has approved the design for a monorail project at the Lagos Airport.
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Company
JP Morgan to secure Nigerian banking licence after N50 billion deposit with CBN – Report
JP Morgan is reportedly seeking to secure a Nigerian banking licence following a N50 billion deposit with the Central Bank of Nigeria (CBN).
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Government
FRSC orders probe into Otedola bridge tanker inferno
The Federal Road Safety Corps (FRSC) has ordered an investigation into a tanker inferno that occurred on the Otedola bridge.
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Government
Uba Sani breaks ground for NASENI Skill Development Centre in Kaduna
Governor Uba Sani has performed the groundbreaking ceremony for the NASENI Skill Development Centre located in Kaduna State.
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Legal High
US court jails Nigerian eight years, orders $10.8m forfeiture
A US court has sentenced a Nigerian national to eight years in prison and ordered the forfeiture of $10.8 million. The case involves significant financial crime and asset seizure.
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Government
FG targets N750trn stock market with NNPC, NLNG listing
The Federal Government of Nigeria is targeting a stock market valuation of N750 trillion through the planned listing of the Nigerian National Petroleum Company (NNPC) and Nigeria LNG (NLNG). This move represents a significant corporate restructuring of the nation's primary energy assets.
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Government
FG showcases $125m housing PPP model to African nations
The Federal Government of Nigeria is showcasing a $125 million Public-Private Partnership (PPP) housing delivery model to other African nations. The model focuses on leveraging private investment, concessional loans, and guaranteed buyers to increase housing stock.
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Government
Tinubu extends tenures of heads of Correctional and Immigration Services
President Tinubu has extended the tenures of the heads of the Nigerian Correctional Service and the Nigeria Immigration Service.
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Government
Reps to probe NNPCL downstream operations, review PIA
The House of Representatives is set to probe the downstream operations of the Nigerian National Petroleum Company Limited (NNPCL) and review the Petroleum Industry Act (PIA).
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Government
NIMASA dismisses banks’ cargo guarantee requirement demand for $700m CVFF
NIMASA has rejected demands from banks regarding cargo guarantee requirements associated with the $700 million Cabotage Vessel Financing Fund (CVFF).
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Government
NASENI opens Kaduna UAV centre, eyes tech independence
The National Agency for Science and Engineering Infrastructure (NASENI) has opened a Unmanned Aerial Vehicle (UAV) centre in Kaduna to advance technological independence.
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Government
Telehealth conference to address funding, infrastructure gaps
The Nigerian Telehealth Conference 2026 is set to address critical gaps in funding, regulation, and digital infrastructure to expand telehealth services nationwide.
Monday 19 October
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Government
FG targets 20 million investors, 250 listed companies by 2036
The Federal Government of Nigeria has set a strategic goal to increase retail investors to 20 million and expand the number of listed companies to 250 by 2036. This policy aim is designed to deepen the Nigerian capital market and enhance corporate transparency through increased listings.
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Company
RMB Nigeria Wins Merchant Bank of the Year for Eighth Time, Earns Deal Advisory Excellence Honour
RMB Nigeria has been recognized at the 2026 BusinessDay Bank and Other Financial Institutions (BAFI) Awards. The firm won the Merchant Bank of the Year award for the eighth time and received the Deal Advisory Excellence honour.
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