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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Blog

Business

Tinubu appoints Shu’aibu Aliyu as PTDF executive secretary

President Bola Ahmed Tinubu has approved the appointment of Professor Shu’aibu Shehu Aliyu as the new Executive Secretary of the Petroleum Technology Development Fund. The President also renewed the tenure of Engineer Sule Ahmed Abdulaziz as the Managing Director and Chief Executive Officer of the Transmission Company of Nigeria. The appointments take immediate effect, according […]

Banking featured

Flutterwave secures banking licence, set to rival traditional lenders

Nigerian fintech giant Flutterwave has secured a microfinance bank licence from the Central Bank of Nigeria, a move that authorises it to function as a fully-fledged financial institution and places it in direct competition with conventional banks. The development was announced on Thursday by the company’s Chief Executive Officer and Co-Founder, Olugbenga Agboola, who described […]

World

Nigeria targets 10% global palm oil share in six years

Nigeria has unveiled an ambitious plan to reposition the oil palm industry as a major economic driver, targeting a 10 per cent share of the global market and lifting about two million citizens out of poverty within six years. Aliyu Sabi Abdullahi, minister of state, Federal Ministry of Agriculture and Food Security, stated this in […]

Cocoa hits largest weekly gain in 24 years at $6,470 as Nigeria's supply drops
Business

High fuel costs disallow cocoa processors amid price slump

Nigeria’s cocoa processors are struggling to benefit from the recent cocoa price collapse, with the industry failing to capitalise on cheaper raw materials after prices plunged 83 per cent from 2024 peaks. The price drop, which has seen cocoa trade around N2.5 million per metric ton from a 2024 peak of N15 million, ought to […]

Employers slam FRC over levies on private firms
Finance

Naira strengthens as remittance reforms boost FX liquidity

The naira began April 2026 on a stronger footing, appreciating across foreign exchange market segments as improved liquidity, supported by recent remittance reforms, helped lift the local currency despite declining external reserves. Data from the Central Bank of Nigeria showed the naira gained N8.02, or 0.58 percent, to close at N1,378.70 per dollar on Wednesday, […]

Maritime

Deliver results or face sanctions, Oyetola warns maritime agencies

The Federal Government through the Minister of Marine and Blue Economy, Adegboyega Oyetola, has issued a strong warning to heads of agencies under the ministry, demanding strict accountability and measurable results. Oyetola issued the warning during the signing of performance bonds with heads of maritime agencies at the Ministerial Management Retreat, held alongside the 2026 […]

News

Tinubu hosts Chadian president for security, trade talks

President Bola Tinubu on Thursday hosted President Idriss Déby of Chad at the Presidential Villa, Abuja. The brief high-level meeting underscores ongoing efforts by both countries to strengthen bilateral relations and deepen cooperation on regional security, trade, and economic development. President Bola Tinubu and President Mahamat Idris Deby Itno of the Republic of Chad, Credit: […]

Banking

Kenya banks smash MSME lending target in 2025

Kenya’s banking sector more than doubled its MSME lending target in 2025, disbursing KES326.5 billion ($2.53 billion) in new loans to small and medium-sized businesses, far exceeding the annual target of KES150 billion ($1.16 billion). The performance signals a growing shift by lenders to position the MSME segment as a core growth frontier. Data published […]

featured Housing

Lagos rents hit fourth highest across African cities

Nigeria, Africa’s largest economy, Lagos State, has been ranked among the most expensive rental markets on the continent, as house rents in the country’s major cities rise almost monthly. According to BusinessDay, a new report, which looked at ‘Average Rent of 2-bedroom Apartment Across Africa’s Most Important Cities’, places Lagos, Nigeria’s most expensive housing market, […]

Aviation

African airlines record strongest global air cargo surge in February

The International Air Transport Association released data for February 2026 global air cargo markets showing African airlines saw a 21.0 per cent year-on-year increase in demand for air cargo in February, the strongest rise of all regions. Capacity increased by 17.3 per cent year-on-year. Globally, total demand, measured in cargo tonne-kilometres, rose by 11.2 per […]

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