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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

Electricity

Power crisis deepens as FG pays only 4% of ₦1.928trn subsidy

The Federal Government’s inability to meet its financial obligations to power generation companies has deepened the crisis in the already struggling electricity sector, with fresh data showing it paid only N76.95 billion (about four per cent) of the N1.928 trillion subsidy required in 2025. Although the government budgeted N958 billion for electricity subsidies in 2025, […]

FG targets 6500 megawatts power generation in six months
Electricity

FG issues ₦501bn bond to tackle power sector liquidity crisis

The Federal Government’s N501.02 billion bond issuance has been described as a major milestone in Nigeria’s power sector reform agenda aimed at addressing longstanding liquidity challenges. Mr Bolaji Tunji, Special Adviser on Strategic Communications and Media Relations to the Minister of Power, Mr Adebayo Adelabu, said this in a statement on Monday in Abuja. Tunji […]

World

Nigeria gets approval from UK, US, France for new ambassadors

The Federal Government has confirmed that several countries, including the United Kingdom, France and the United States, have granted ‘agrément’ to Nigeria’s ambassadorial nominees, signalling progress in efforts to fill long-vacant diplomatic positions. The spokesperson for the Ministry of Foreign Affairs, Kimiebi Ebienfa, disclosed this in a statement issued on Monday, noting that Nigeria has […]

Aviation

Airbnb launches airport car pickup in 125 global cities

Airbnb announced Tuesday it is expanding its services feature with a new category for car pick-ups across 125 cities around the world. The company is partnering with transportation company Welcome Pickups to let users book a private car service in cities including Paris, Bali, and Mexico City. The travel company said that it has been […]

Telecommunications

Nigeria to launch NIGCOMSAT-2A, 2B satellites by 2029

The Federal Government has moved Nigeria’s next-generation satellite programme into the execution phase, with NIGCOMSAT-2A and 2B scheduled for launch in 2028 and 2029 to boost connectivity, security and digital economy growth. Managing Director of NIGCOMSAT Limited, Mrs Jane Nkechi Egerton-Idehen, disclosed this at the opening of the 2026 Satellite Week in Abuja. She said […]

Opinion

IMF warns Middle East war threatens Nigeria’s energy, food security

The International Monetary Fund has warned that the ongoing war in the Middle East is casting a shadow over the global economy, threatening recovery and triggering widespread disruptions. In a blog post by top officials, the IMF said the conflict, beyond its human toll, is “upending lives and livelihoods” while weakening growth prospects for economies […]

Economy

Why Nigeria targets 7% annual GDP growth — Edun

The Minister of Finance and Coordinating Minister of the Economy, Mr Olawale Edun, has said the nation is targeting an annual seven per cent growth in its Gross Domestic Product, GDP, so as to take as many Nigerians as possible out of poverty. He noted that since the economy of the country has stabilised after […]

LIRS sets January 31st deadline for filing tax returns
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LIRS extends individual tax filing deadline to April 14

The Lagos State Internal Revenue Service has extended the deadline for filing individual annual income tax returns for the 2025 year of assessment by two weeks. Taxpayers now have until April 14, 2026, to submit their returns instead of the original statutory deadline of March 31, 2026. LIRS Executive Chairman, Dr Ayodele Subair, announced the […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira holds steady against dollar as Q1 ends amid reserve pressures

The Naira maintained a steady performance against the United States Dollar in the official market as the first quarter of 2026 drew to a close, despite emerging pressures on the country’s external reserves. At the Nigerian Foreign Exchange Market, the Naira opened the trading session on Tuesday, March 31, 2026, at ₦1,385.60 per Dollar. Real-time […]

News

Tinubu appoints Ibrahim Ida as CAC chairman

President Bola Ahmed Tinubu has appointed Dr. Ibrahim M. Ida as Chairman of the Corporate Affairs Commission and nominated seven individuals to serve as commissioners of the National Population Commission. This was disclosed in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Monday. The statement also noted […]

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