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NMDPRA urges Africa to adopt regional fuel pricing

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Seplat sells 10% JV stake to NNPCL for

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BREAKING: Femi Otedola acquires ₦222.20bn First HoldCo shares

  • 30th July 2026

World Bank warns Nigeria risks missing AI revolution

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NMDPRA urges Africa to adopt regional fuel pricing benchmark

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MTN shareholders approve ₦167.9m remuneration for chairman Ndukwe

Shareholders of MTN Nigeria have approved a new remuneration package for the company’s non-executive directors, with Chairman Ernest Ndukwe set to earn N167.9 million for the 2025 financial year. Nairametrics reported that the company disclosed this on Thursday in a corporate disclosure published by the NGX. The resolution was passed during the company’s Annual General […]

News

Fani-Kayode redeployed to South Africa amid xenophobia concerns

Former Aviation Minister, Femi Fani-Kayode, has confirmed his redeployment as Nigeria’s Ambassador-Designate to South Africa. Fani-Kayode disclosed this through a statement posted on his official X account, where he explained that President Bola Ahmed Tinubu approved his redeployment from Germany to South Africa following a personal request. His reassignment comes amid recent xenophobic attacks in […]

Banking

Optimus Bank profit rose 69.94% in 2025

Optimus Bank Limited, a national bank and one of Nigeria’s emerging digital-driven banking frontrunners, has released its audited financial results for the year ended December 31, 2025, reporting a 69.94 per cent year-on-year increase in profit before tax to N24.14 billion. Nairametrics reported that according to its published financial statements, the bank’s gross earnings rose […]

Business

Neimeth pharmaceuticals shareholders approve ₦1.99bn capital restructuring scheme transfer

Shareholders of Neimeth International Pharmaceuticals Plc have approved a major capital restructuring scheme that will reduce the company’s share premium account from N2.38 billion to N390.02 million and transfer N1.99 billion to its retained earnings reserve. Nairametrics reported that the approval was granted at a Court-Ordered Meeting held virtually, where shareholders backed up the Scheme […]

Finance

Reps sets up panel to recover outstanding FG debts

The House of Representatives on Thursday constituted an ad-hoc committee to investigate debts owed to the Federal Government by state actors, private entities and Ministries, Departments and Agencies, appointing the member representing Obokun/Oriade Federal Constituency of Osun State, Oluwole Oke, as chairman of the panel. The committee was inaugurated following the adoption of a motion […]

Tech

Google Translate rival DeepL slashes 25% of workforce

DeepL, a Germany-based artificial intelligence company known for its translation tools and seen as a rival to Google Translate, has announced plans to reduce its workforce by about 25 per cent. Chief Executive Officer Jarek Kutylowski said the move reflects a “massive structural shift” driven by advances in AI. In a post on LinkedIn, Kutylowski […]

Electricity

MainPower restores Enugu power after rainstorm cuts 12 communities

MainPower Electricity Distribution Limited says it has begun the repair of feeders affected by a heavy rainstorm in the Enugu metropolis. The company said no fewer than 12 communities in the metropolis were plunged into darkness following a heavy rainstorm and strong winds that damaged key electricity infrastructure on Sunday afternoon. The outage, which disrupted […]

Oil and Gas

Dangote Refinery exports 57m barrels jet fuel since April 2024

Dangote Petroleum Refinery exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, with shipments fluctuating sharply month-to-month but rising to a peak of about 160,000 barrels per day in the latest data. The PUNCH reported that an analysis of export volumes from energy intelligence platform Kpler shows that the […]

Banking

Banks post mixed 2025 results amid profit decline

Nigeria’s largest banks delivered a mixed but ultimately reassuring set of financial results in 2025, with balance sheet expansion and revenue growth offset by a sharp, policy-driven hit to profitability. The PUNCH reported that according to the 2025 audited financial statement for the period ended 31 December, tier-one lenders’ gross earnings rose broadly, with the […]

Oil and Gas

Refiners fail to lift $3.13bn worth of crude in Q1 — NUPRC

Domestic refiners in Nigeria left an estimated $3.13bn worth of crude oil unlifted in the first quarter of 2026, highlighting deepening inefficiencies in the country’s crude supply framework. Analysis of data released by the Nigerian Upstream Petroleum Regulatory Commission on Wednesday showed that while crude producers made significant volumes available under the Domestic Crude Supply […]

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