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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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How food prices rose in September – NBS

  By Wilson Adekumola The National Bureau of Statistics has revealed how prices of beef, rice, beans, onion, yam and other food items increased in September 2023. The NBS disclosed this in its Selected Food Prices Watch report for September 2023 released in Abuja on Monday, according to News Agency of Nigeria. The report indicated […]

Vehicle scarcity looms as sellers lament import difficulties
Business

Africa leads in Toyota, Lexus sales as firm produces 5.6 million vehicles

Africa is the standout region for Toyota and Lexus sales as the company posted global sales growth of 8.3% from April to September compared to the previous year. Toyota sold a record-breaking 5,596,183 automobiles, according to Bloomberg. The standout region in this success was Africa, where Toyota and Lexus sales increased by an astonishing 22%, […]

X halts monetization for fact-checked posts
News Tech

X halts monetization for fact-checked posts

X, formerly known as Twitter has stated that posts that are corrected by Community Notes, the crowd-sourced fact-checking system, will become “ineligible for revenue share.” “The idea is to maximize the incentive for accuracy over sensationalism,” Elon Musk posted on X, Musk also noted that any attempts to “weaponize Community Notes to demonetize people will […]

Firm unveils unnamed vehicles, drone assembly in Nigeria
Business

Firm unveils unnamed vehicles, drone assembly in Nigeria

Elites Group of Companies, an indigenous Nigerian firm, has announced the start of an assembly and production line for unmanned vehicles, drones, and other security equipment in Nigeria to address security concerns and encourage economic growth. According to The Punch, this strategic initiative was launched in response to a key agreement reached with overseas Original […]

Noor Takaful settles N3.14bn claims
Business

Noor Takaful settles N3.14bn claims

Noor Takaful Limited has stated that its total claims increased from N1.97 billion in 2021 to N3.14 billion in 2022. This was contained in its annual report at the company’s sixth annual general meeting in Lagos, according to The PUNCH. A statement claimed that a sizable amount of the total claim costs were covered by payouts […]

GNI expands gross premium by 19.9% - Report
Business

GNI expands gross premium by 19.9% – Report

Great Nigeria Insurance Plc reports that its gross premium written increased by 19.9% to N10.2 billion in 2022, up from N8.3 billion in 2021. According to The Punch, Bade Aluko, the company’s Chairman, made the announcement at the company’s 52nd annual general meeting in Lagos. He added in a statement that GNI has remained profitable […]

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

AFREXIM, Fidelity Bank, JohnVents sign $40m cocoa export deal

Fidelity Bank, African Export-Import Bank, and JohnVents Industries struck a $40 million cocoa export transaction at the Fidelity Bank International Trade and Creative Connect in Houston, Texas. The Punch reported that according to a bank statement issued on Sunday, the $40 million pre-export finance facility was signed at the trade show. AFREXIM Bank would provide […]

Nigeria's refining capacity'll increase with Edo refineries - Wabote
Oil and Gas

Nigeria’s refining capacity’ll increase with Edo refineries – Wabote

The Executive Secretary of the Nigerian Content Development and Monitoring Board, Simbi Wabote, has stated that Edo State’s two refineries, the Edo Refinery and the Duport Midstream Refinery, which are currently refining petrochemical products, are well positioned to contribute to Nigeria’s 1.5 million barrels per day refining capacity by 2025. According to The Punch, Wabote made the […]

FG may increase employee pensions in 2024 - Wages Commission
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Pensioners urge PTAD to tackle payment issues, others

The Association of Retired Federal Senior Public Officers of Nigeria has urged the Pension Transitional Arrangement Directorate to reinstate the use of the Salaries and Wages Commission’s legally approved monthly benefit payment structure in the distribution of its members’ monthly pension payments. According to The Punch, ARFESPON requested PTAD in a statement to abandon its […]

How Nigerians spent $340.84m forex on education in six months - CBN
News

How Nigerians spent $340.84m forex on education in six months – CBN

Nigerians seeking admission to institutions abroad spent $340.84 million to fund their applications between January and June 2023. The Punch reported that the amount spent on educational services under sectoral utilization for transactions eligible for foreign exchange is based on statistics from the Central Bank of Nigeria. According to the CBN, a total of $40.54m was spent […]

Manufacturing sector to benefit most from 5G - GSMA
Business

Manufacturing sector to benefit most from 5G – GSMA

The GSM Association, the worldwide umbrella body of mobile network operators, has stated that the manufacturing sector will profit the most from telecom operators’ deployment of 5G technology. The Times reported that this was noted in the organization’s most recent ‘Mobile Economy Sub-Saharan Africa’ study. According to the GSMA, while 5G is likely to help […]

Bill for tax crimes commission passes second reading
featured Oil and Gas

Oil, manufacturing sectors got highest tax exemption in 2022 – Report

The Federal Government gave the greatest tax exemption to operators in the country’s oil and manufacturing sectors in 2022, totaling N1.42 trillion. According to The Punch, this is based on a sectoral tax exemption breakdown acquired from the Medium Term Expenditure Framework and Fiscal Strategy Paper 2024-2026. According to the report, income forfeiture to 21 […]

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