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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran

  • 7th August 2026

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

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Amazon, OnlyFans founder express interest as TikTok sale deadline nears
News Tech

TikTok denies promoting Palestine content

The short-form video app TikTok on Thursday refuted claims that the platform has promoted content in favour of Palestine stating that a hashtag showing support for Israel in its fight against Hamas had received more views than a pro-Palestine hashtag. The hashtag “standwithisrael” received 46 million views in the United States between October 7 and […]

Interswitch loses N30bn to chargeback fraud - Report
News Tech

Interswitch loses N30bn to chargeback fraud – Report

African payments giant, Interswitch, has lost as much as ₦30 billion as a result of a system bug that allowed certain merchants to submit and receive false chargebacks. The company has reported the scam to Nigeria’s anti-money laundering body, the Economic and Financial Crimes Commission, and is currently attempting to retrieve the monies through legal […]

CBN clears forex backlogs – Report
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CBN clears forex backlogs – Report

            Reports have indicated that the central bank has “cleared” forex backlogs of banks and airlines. According to Nairametrics, sources indicated that airlines are also seeing their backlogs being cleared. “Yesterday, the apex bank began clearing the backlog of outstanding Retail SMIS obligations. The total amount cleared is yet to […]

FG plans to raise $50m impact investment fund
Business

FG plans to raise $50m impact investment fund

The minister of budget and economic planning, Abubakar Bagudu, has declared that the federal government is prepared to make its $100 million Wholesale Impact Investment Fund promise to Nigeria available. According to The PUNCH, This was said by Bagudu at the sixth annual Convening on Impact Investing, which was held in Lagos on Tuesday and had […]

Firm provides training support to SMEs
Business

SMEDAN seeks 25% govt contracts for SMEs

The Director General of the Nigerian Small and Medium Enterprises Development Agency, Charles Odii, has urged the Federal Government to give small and medium-sized businesses a quarter of all contracts. He explained that this is so because SMEs employ over 60 million people and make up roughly 50% of the country’s GDP. Speaking to reporters in […]

Boeing probes cyber attack
News Tech

Boeing probes cyber attack

One of the biggest defence and space contractors in the world, Boeing, announced on Wednesday that it was looking into a cyber incident that affected some of its components and distribution business and that it was assisting with a law enforcement investigation into it. Days after the Lockbit cybercrime group announced on Friday that it […]

Nestle, others cost equity market 51bn loss
Business

Equity market ASI hits all-time high

The Nigerian Exchange Limited’s All-Share Index reached a historic high of 70,000 basis points at the close of trade on Wednesday, following many days of strong performance. The PUNCH reported that given that the market concluded in October with a gain of over N1.7 trillion, this signaled a successful start to trading operations in November. […]

Rainoil boss links rising fuel prices to FX crisis
Oil and Gas

Rainoil boss links rising fuel prices to FX crisis

The Managing Director of Rainoil Logistics,  Dr. Jude Nwaulune, has stated the current foreign exchange crisis is a major factor that contributes to the product’s anticipated landing cost for the Calabar region currently being around N580 per liter. According to The PUNCH, operators have stated that challenges in the local distribution channel and the ongoing foreign exchange […]

Chevron, Tethys partner to produce local lubricants
Business

Chevron, Tethys partner to produce local lubricants

Chevron Brands International LLC and Tethys Ltd have signed a Branded Business Development Agreement to enable the local manufacturing, distribution, and marketing of Texaco®-branded lubricants in Nigeria. The PUNCH reported that the companies said that through their partnership, Nigerian drivers would have access to a large selection of superior-performance automotive and industrial lubricants marketed under the Texaco, […]

Oil companies get 26 divested licenses in 10 years
Oil and Gas

FG, refinery operators plan to meet domestic refining obligations

The Federal Government met with operators of domestic refineries on Wednesday to address concerns regarding crude oil availability for indigenous refiners like Dangote Refinery. The PUNCH reported that the Federal Government it clear that failing to satisfy the domestic crude commitments would result in national humiliation and therefore emphasized the need to provide crude to the Dangote refinery, which has […]

Lagos-Ibadan rail e-ticketing begins, experts seek improved security
News

Lagos-Ibadan rail e-ticketing begins, experts seek improved security

Experts have called for improved security as e-ticketing for the Lagos-Ibadan and Itakpe-Warri train routes was launched by the Nigeria Railway Corporation on Wednesday. The PUNCH reported that the goal of the e-ticketing system, which was introduced in Abuja by the Minister of Transportation, Sai’du Alkali, is to use technology to transform the effectiveness of transportation. The […]

Westa unveils 990kwp solar installation
Business

Westa unveils 990kwp solar installation

Westa Solar has revealed a 990kWp solar system at Aspira Nigeria Limited to help businesses overcome the difficulty of an inconsistent electricity supply. The PUNCH reported that the business said in a statement on Monday that with the launch, electricity supply—which had been a major impediment to industrialization and international investment—would progressively disappear. Westa claimed that its […]

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