Business

Tony Elumelu named Seplat chairman in major leadership

  • 9th June 2026

OpenAI files for IPO as AI firms race

  • 9th June 2026

Nigeria’s transmission grid not limiting electricity supply –

  • 9th June 2026

US judge blocks Trump’s $100,000 H-1B visa fee

  • 8th June 2026

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Nigeria’s economy stronger but poverty worsened, IMF warns

Economy

Africa loses billions to corruption, recovers little, Kenyan envoy

Economy

Tony Elumelu named Seplat chairman in major leadership shakeup

Business

Tinubu approves ₦10bn to tackle Ebola threat in Nigeria

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Economy

Nigeria’s economy stronger but poverty worsened, IMF warns

The International Monetary Fund said Tuesday that reforms implemented by the Nigerian government had strengthened the country’s economy, but warned that more than 60 per cent of Nigerians now live in poverty. Since taking office just over three years ago, President Bola Tinubu has removed a costly fuel subsidy that had kept petrol prices artificially […]

Economy

Africa loses billions to corruption, recovers little, Kenyan envoy warns

African countries are losing billions of dollars annually to corruption while recovering only a small fraction of stolen assets, Kenyan High Commissioner to Nigeria, Ambassador Isaac Keen Parashina, has said, calling for stronger continental cooperation in tracking and recovering illicit funds. According to Vanguard he made the remark on Tuesday in Abuja during the maiden […]

Business

Tony Elumelu named Seplat chairman in major leadership shakeup

Seplat Energy Plc has announced major leadership changes, with billionaire investor and philanthropist Tony O. Elumelu set to become Chairman of the Board in 2027, in a transition that underscores the company’s next phase of expansion and governance continuity. The announcement also confirms the planned retirement of Chief Executive Officer Roger Brown on July 31, […]

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Tinubu approves ₦10bn to tackle Ebola threat in Nigeria

President Bola Tinubu has approved the establishment of a Presidential Task Force on Ebola Virus Disease Preparedness and Emerging Public Health Threats and ordered the immediate release of N10 billion as emergency intervention funding. The fund will strengthen the operational preparedness of the National Centre for Disease Control and Prevention and support critical national public […]

Finance

Tax Ombud vows to end multiple taxation across Nigeria

The Tax Ombud, Dr. John Nwabueze, has pledged to eliminate arbitrariness in Nigeria’s tax system and tackle the challenge of multiple taxation affecting individuals and businesses across the country. Vanguard reported that he made the commitment on Tuesday during a media parley with finance correspondents in Abuja. According to him, the Office of the Tax […]

Business

OpenAI files for IPO as AI firms race to market

OpenAI, the company behind ChatGPT, has filed confidentially for an initial public offering, signaling a potential move toward the public markets as competition among artificial intelligence firms intensifies. The company disclosed this on Monday, June 8, through a statement published on the ChatGPT blog, saying it had submitted a confidential S-1 registration statement to the […]

Transportation

Lagos Blue line extends hours, increases trips from June 15

The Lagos Rail Mass Transit Blue Line will begin operations at 6:00 a.m. and increase daily train trips from June 15, 2026, as part of a timetable adjustment aimed at improving commuter convenience and expanding capacity along the Marina–Mile 2 corridor. Nairametrics reported that the announcement was contained in a statement issued on Monday by […]

Policy and Regulations

US blacklists Alibaba, Baidu over alleged military links to China

The United States issued an updated list on Monday of Chinese companies that it believes are aiding the country’s military — including e-commerce giant Alibaba, search engine provider Baidu and electric vehicle maker BYD. The United States Defense Department unveiled the designations just weeks after President Donald Trump met Chinese leader Xi Jinping in Beijing, […]

Policy and Regulations

PEBEC urges Borno to deepen business-friendly reforms for investment

The Presidential Enabling Business Environment Council has urged the Borno State Government to intensify business-friendly reforms to address challenges facing entrepreneurs and attract more investments to the state. The PUNCH reported that the Director-General of PEBEC, Zahrah Audu, made the call on Monday, during a town hall meeting with private sector operators and business-enabling ministries, […]

Oil and Gas

Nigeria’s crude oil exports hit ₦11.2trn in Q1

Nigeria’s crude oil exports rose to N11.20 trillion in the first quarter of 2026, reinforcing the commodity’s position as the country’s largest foreign exchange earner and a key driver of the strong performance in external trade. This is according to latest data from the National Bureau of Statistics. The improved export earnings helped lift Nigeria’s […]

Finance

DMO raises Q2 Treasury Bills issuance by ₦850bn

The Debt Management Office has increased its Nigerian Treasury Bills issuance programme for the second quarter of 2026 by approximately N850 billion, raising the total planned offer amount from N3.95 trillion to N4.8 trillion. Nairametrics reported that this is according to an analysis of the original and updated Q2 2026 NTB issuance calendars published by […]

Transportation

FG plans rail link to connect Lagos airport terminals

The Federal Government is planning rail connectivity that will link the Murtala Muhammed International Airport, the General Aviation Terminal, and the Murtala Muhammed Airport Terminal Two in Lagos to improve passenger movement and airport accessibility. Nairametrics reported that the disclosure was made by the Minister of Aviation and Aerospace Development, Festus Keyamo, during his keynote […]

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