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EFCC charges two over alleged unlawful supply of

  • 20th August 2026

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Microsoft warns Africa risks becoming AI consumer

Tech

Tony Elumelu’s Heirs Holdings stake in Seplat crosses $1bn

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EFCC charges two over alleged unlawful supply of FCMB

Business

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Aviation

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Travel

Ireland expands work permits to address labour shortages

Ireland has announced a significant expansion of its employment permit system in a move aimed at attracting more international workers and tackling persistent labour shortages across critical sectors, including construction, healthcare, transport and agri-food. The Irish government confirmed 32 changes to the country’s employment permit framework following a comprehensive review of occupation lists that commenced […]

Finance

Construction costs rise 20% as material prices soar — Report

Nigeria’s construction costs increased by 20 per cent between December 2025 and May 2026 as rising prices of building materials and energy continued to put pressure on the sector. Nairametrics reported that the increase was disclosed in a report by Fortren & Company, authored by the firm’s Chief Executive Officer, Martin Uche. According to the […]

Tech

Nvidia, Meta, Schlumberger rank among top companies adopting AI – Report

A new study has found that while artificial intelligence is now a strategic priority across nearly all major companies, actual levels of adoption and internal integration vary sharply among S&P 500 firms. The research, conducted by the AI-Driven Enterprise Institute, assessed companies based on how effectively they are adopting AI across four dimensions: literacy, advocacy, […]

Business

Lagos, Ogun, Kaduna ranked 2025 best-performing Nigerian states

Lagos, Ogun and Kaduna states have emerged as Nigeria’s top-performing states in the 2025 edition of the Phillips Consulting State Performance Index, a comprehensive assessment of governance, fiscal sustainability, public service delivery and citizen perception across the country. The report ranked Lagos first nationwide, followed by Ogun in second place and Kaduna in third, placing […]

Business

Seplat CEOs increase ownership stake after LTIP share exercise

Seplat Energy Plc has announced that its Chief Executive Officer, Roger Brown, and Chief Financial Officer, Eleanor Adaralegbe, have increased their ownership stakes in the company following the exercise of 2.67 million vested shares under Seplat’s 2014 Long-Term Incentive Plan. Nairametrics reported that the disclosure, signed by Director, Legal/Company Secretary, Edith Onwuchekwa, and filed with […]

Investment

AfDB commits $125m to boost African infrastructure investment

The African Development Bank is set to invest $125 million in the African Trade and Investment Development Insurance, a move that will make the continental lender the institution’s largest shareholder while strengthening efforts to attract greater private sector investment into infrastructure and development projects across Africa. The disclosure was made by AfDB President, Sidi Ould […]

Investment

Lekki free zone office space pipeline hits 45,100sqm

The Lekki Free Trade Zone has recorded notable growth in its office market, with completed office stock reaching 23,182 square metres and an additional 45,100 square metres currently under development. Nairametrics reported that this was revealed in a recent Estate Intel report titled The Future of Workspaces in Lekki Free Trade Zone, which highlighted the […]

Banking

CBN mops up ₦5.42tn from fresh OMO auction

The Central Bank of Nigeria absorbed N1.945 trillion from the financial system through its Open Market Operations auction conducted on May 29, 2026, as part of efforts to sterilise excess liquidity ahead of an anticipated N3.35 trillion inflow from maturing OMO and Treasury Bills securities. Nairametrics reported that results from the latest OMO auction revealed […]

Business

Dangote retains Africa’s most admired brand crown

Dangote Industries Limited has reinforced its standing as one of Africa’s most influential corporate brands after being named Africa’s Most Admired African Brand for the eighth consecutive year. The company also recorded another major achievement as its Group Chief Branding and Communications Officer, Anthony Chiejina, was listed among Africa’s 100 Most Influential Chief Marketing Officers. […]

Business

Flutterwave hits $40bn payment volume milestone

African fintech giant Flutterwave has surpassed one billion processed transactions and recorded more than $40 billion in total payment value since its launch. The milestone was revealed by Flutterwave Founder and CEO, Olugbenga Agboola, in a blog post reviewing the company’s growth and expansion over the past year. Agboola attributed the company’s strong performance to […]

Business

Many businesses yet to feel impact of FG’s economic reforms – NECA

The Nigeria Employers’ Consultative Association has said that many businesses are yet to feel the positive impact of the federal government’s economic reforms. NECA Director-General Adewale-Smatt Oyerinde told the News Agency of Nigeria on Sunday that companies are still grappling with inflation, high energy costs and foreign exchange volatility, despite some gains in key economic […]

Aviation

Russia bans aviation fuel export as Ukraine intensifies attacks on refineries

Russia has announced a ban on aviation fuel exports that will run until November 30, as authorities move to secure domestic supply amid declining refinery output and mounting strain on the country’s energy infrastructure. The government said the restriction is intended to stabilise the local fuel market, stressing that the priority is to ensure adequate […]

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