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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

Business

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Aluminium firm appoints two non-executive directors
Business

Aluminium firm appoints two non-executive directors

Aluminium Extrusion Industries Plc has announced the appointment of Chief Dr Jinesh Chandra Dugad and Mr Rakesh Shah to the company’s board of directors as non-executive directors. The Times reported that it was able to secure a copy of the company’s statement of Changes to the Board of Directors to the Nigerian Exchange Limited. According to […]

Nigeria Breweries director Yedikardesler resigns
Business

Nigeria Breweries director Yedikardesler resigns

The Non-Executive Director of Nigeria Breweries Plc, Mrs. Yeliz Yedikardesler, has resigned from the company. The Times reported that this information was obtained from a formal declaration that was sent to Nigerian Exchange Limited. The statement goes as follows, Nigerian Breweries Plc (“The Company”) thus notifies the Nigerian Exchange Limited and the investing public that Mrs. Yeliz Yedikardesler has left […]

Hackers leak Spanish airline customers' credit cards info
News Tech

Hackers leak Spanish airline customers’ credit cards info

Spanish Airline Air Europa on Tuesday reported that a cyberattack on its online payment system had exposed some of its customers’ credit card information. According to a statement from the airline, it sent emails to clients whose credit card information was at risk and alerted the necessary financial institutions. The airline did not quantify the […]

IMF predicts slow economic growth in Nigeria
News

IMF predicts slow economic growth in Nigeria

      The International Monetary Fund has revised Nigeria’s economic growth projection for 2023 downwards by 0.3 percentage points to 2.9%, citing weaker oil and gas production. This was contained in a report by the IMF’s World Economic Outlook titled ‘Navigating Global Divergences’ in October. In July, the IMF had initially forecasted Nigeria’s 2023 […]

Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission
Telecommunications

NCC approves N50/min as group call tarrif

The Nigerian Communications Commission has set the call tariff for closed user group service at N50 per minute and restricted carriers from bundling data on the telecoms plan as of November 1. According to The Nation, through the payment of monthly access fees, service providers including MTN, Glo, Airtel, and 9mobile offer CUG services that […]

Four consortia to repair deteriorated pipelines - NNPCL
Oil and Gas

Four consortia to repair deteriorated pipelines – NNPCL

The Nigerian National Petroleum Company Limited announced on Monday that four consortiums would fund the renovation of pipelines around the country using build, operate, and transfer arrangements. According to The Punch, marketers frequently voiced their displeasure at the inactivity of about 20 NNPCL depots, explaining that this was caused by the nationwide pipelines that supply […]

Business

Portfolio investment fell by 83.54% in Q2 – NBS

Portfolio investment into Nigeria fell by 83.54 percent in the second quarter of this year, to $106.85 million from $ 649.28 million in the first quarter, although remaining the second largest source of capital importation. The Punch reported that this was disclosed in the National Bureau of Statistics’ most recent report, “Nigeria Capital Importation (Q2 […]

Investors profit N355bn as equities market opens positive
Business

Investors profit N355bn as equities market opens positive

Equity market investors made a profit of N355bn as the local stock exchange started trading well on Monday. According to The Punch, market capitalization as well as the All-Share Index, which tracks market activity, both increased by 0.97 percent to N36.865 trillion and 67,101,33 basis points, respectively. The Nigerian Exchange Limited has benefited from listings during […]

OPEC+ weighs 2027 production baselines, potential hike
Oil and Gas

Global oil price may keep rising before 2045 – OPEC

The global oil demand is anticipated to continue increasing in the upcoming years before gradually declining starting in 2045. The Times reported that this is supported by the World Oil Outlook 2045, which the Organisation of Petroleum Exporting Countries released on Monday, October 9 in Riyadh, Saudi Arabia. The Outlook predicts that by 2025, the world’s […]

Coal industry may fire one million workers - Report
Business

Coal industry may fire one million workers – Report

A report from the Worldwide Energy Monitor study shows that the worldwide coal industry may have to shed roughly 1 million jobs by 2050, even if no additional pledges to phase out fossil fuels are made, with China and India bearing the brunt of the losses. According to The Punch, as they near the end of their […]

Why diesel prices may not reduce in Nigeria - Experts
Oil and Gas

Why diesel prices may not reduce in Nigeria – Experts

Diesel prices in Nigeria are unlikely to fall after Russia announced a lifting of the export embargo on Friday, October 6. According to The Times, an oil and gas analyst, Etulan Adu, stated that despite Russia’s lifting of its export embargo, which is meant to relieve pressure on the world market, other factors would still cause […]

Elon Musk’s xAI in talks to raise $10bn at $75bn valuation
News Tech

X introduces new reply features for premium users

A new restriction has been added by X, formerly known as Twitter, that only allows verified accounts to reply. However, the power is not only available to premium accounts. Non-X Premium subscribers have the option of disabling non-verified people from leaving comments on their posts. Within hours of the feature’s release, Elon Musk stated that […]

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