Business

Dangote rejects NNPC bid to raise 7.25% stake

  • 14th May 2026

BoA assures pensioners of plans to clear outstanding

  • 14th May 2026

Agbaje downplays fintech rivalry as HabariPay boosts GTCO

  • 14th May 2026
Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC arrests energy commission DG over alleged money

  • 14th May 2026

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Presidential air fleet gulps ₦4.24bn despite low budget —

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TCN to shut down power for six hours in

Electricity

FG spent ₦6.54trn on vehicle spare parts imports in

News

Dangote rejects NNPC bid to raise 7.25% stake in

Business

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Aviation featured

Presidential air fleet gulps ₦4.24bn despite low budget — Report

The Presidential Air Fleet received at least N4.24bn in disbursements between June and December 2025, the latest updates on GovSpend, a civic technology platform that tracks and analyses Federal Government spending, have revealed. Findings by The PUNCH also revealed that the disbursements, made into the Presidential Air Fleet naira transit account operated by the Presidential […]

Logo of the transmission company of Nigeria
Electricity

TCN to shut down power for six hours in Ogun communities

The Transmission Company of Nigeria has announced a planned six-hour power outage affecting several communities in Ogun State on Thursday, May 14, 2026. According to a statement released by TCN on its X handle on Thursday, the outage is due to scheduled maintenance on the 40MVA 132/33KV power transformer at the McPherson Transmission Substation. The […]

News

FG spent ₦6.54trn on vehicle spare parts imports in 2025

The Federal Government has disclosed that Nigerians spent about N6.54 trillion on vehicle spare parts and another N2.7 trillion on imported vehicles in 2025, emphasising the huge economic potential in the country’s automotive aftersales and component manufacturing sector. Daily Trust reported that the Director-General of the National Automotive Design and Development Council, Joseph Osanipin, revealed […]

Business

Dangote rejects NNPC bid to raise 7.25% stake in refinery

The President of the Dangote Group, Alhaji Aliko Dangote, has revealed that the company turned down a request by the Nigerian National Petroleum Company Limited to increase its 7.25 per cent equity stake in the Dangote Petroleum Refinery. Dangote made the disclosure during an interview with the Chief Executive Officer of the Norwegian Sovereign Wealth […]

Business

BoA assures pensioners of plans to clear outstanding arrears

The Managing Director of the Bank of Agriculture, Ayo Sotinrin, has assured the bank’s pensioners that efforts are underway to clear their outstanding pension arrears. He expressed optimism that payments under the bank’s Defined Pension Scheme would be settled before the end of the year. The assurance was conveyed in a statement issued on Wednesday […]

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Oil prices rise as IEA warns of heightened market volatility

Oil prices climbed on Thursday after the International Energy Agency warned of rising market volatility, even as OPEC revised its demand outlook downward for the year. International benchmark Brent crude futures for July rose 0.34 per cent to $105.99 per barrel, while U.S. West Texas Intermediate crude futures for June increased 0.43 per cent to […]

featured Policy and Regulations

NLC, TUC vow resistance against assault on workers rights

The 2026 May Day celebration was marked less by festivity and more by confrontation as the labour movement drew a hard line against what it described as a widening assault on workers’ rights. Labour leaders warned that worsening insecurity and deepening poverty have made “decent work” increasingly unattainable for millions. The two central labour organisations, […]

Business

Agbaje downplays fintech rivalry as HabariPay boosts GTCO gains

Guaranty Trust Holding Company Chief Executive Officer, Segun Agbaje, says the group is no longer worried about competition from fintech firms, pointing to the strong performance of its digital payments arm, HabariPay. Agbaje made the remarks in an interview with Nairametrics CEO, Ugo Obi-Chukwu, on the sidelines of GTCO’s Annual General Meeting in Lagos. He […]

Opinion

Inconsistent court decisions pose risk to banking sector — Chief judge

The Chief Judge of the Federal High Court, Justice John Tsoho, yesterday raised alarm over the growing danger posed by inconsistent judicial decisions in financial and banking disputes. He warned that such contradictions could trigger systemic instability in Nigeria’s financial sector. Speaking through Justice Olayinka Faji at the 2026 Sensitisation Seminar for Judges of the […]

Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m
Business

EFCC arrests energy commission DG over alleged money laundering

Operatives of the Economic and Financial Crimes Commission have reportedly arrested the Director-General of the Energy Commission of Nigeria, Mustapha Abdullahi, over allegations of money laundering. A source within the anti-graft agency, who spoke on condition of anonymity, said Abdullahi was picked up in Abuja on Wednesday and is currently being held in EFCC custody, […]

Amazon cuts 100 Jobs in devices, services unit
Tech

Amazon shuts down Rufus chatbot, unveils Alexa for shopping

Amazon is shutting down its Rufus chatbot as it shifts focus to making Alexa the core of its AI-driven shopping strategy. On Wednesday, the company introduced Alexa for Shopping, an e-commerce assistant designed to answer questions and complete tasks on users’ behalf. Amazon said the new tool combines features from Rufus and Alexa+, while drawing […]

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