Business

Tony Elumelu named Seplat chairman in major leadership

  • 9th June 2026

OpenAI files for IPO as AI firms race

  • 9th June 2026

Nigeria’s transmission grid not limiting electricity supply –

  • 9th June 2026

US judge blocks Trump’s $100,000 H-1B visa fee

  • 8th June 2026

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Nigeria’s economy stronger but poverty worsened, IMF warns

Economy

Africa loses billions to corruption, recovers little, Kenyan envoy

Economy

Tony Elumelu named Seplat chairman in major leadership shakeup

Business

Tinubu approves ₦10bn to tackle Ebola threat in Nigeria

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Blog

AMCON’s new DG will improve debt recovery, says commentator
Business

350 debtors owe AMCON N3.95tr – MD

The Asset Management firm of Nigeria announced that 350 of its top creditors owe the firm N3.95 trillion.  According to The Nation, the Managing Director, Ahmed Kuru made this statement as he claimed that the judiciary’s assistance was necessary for the debt recovery, which came in the form of cash and asset sales. He was speaking […]

NERC makes N5.63bn in 2023 Q3
Electricity

NERC gives condition for DisCos to pay consumers

The Nigerian Electricity Regulatory Commission has made a case for electricity consumers who get poor service delivery from their Distribution Companies.   It said that electricity consumers can get compensation for poor service delivery when the distribution company they are connected to fails to provide 90 per cent of electricity hours due to them in […]

Addidas cuts expected loss as Yeezy demands soar
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Addidas cuts expected loss as Yeezy demands soar

Sportswear giant, Adidas, has projected a minor dip in 2023 sales, outperforming earlier forecasts. The brand attributed this positive shift to the release of its coveted Yeezy shoes, which not only invigorated the market but also curtailed anticipated losses for the year. This upgraded outlook comes on the heels of a remarkable 40% surge in […]

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Local refining to cut petrol prices – Marketers

Oil marketers claim that once local refining is fully operational, the cost of petrol will be reduced by at least N70 a liter. The Punch reported that this was stated by the National Controller Operations for the Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi when discussing the advantages of the Federal Government’s investment in working refineries. […]

Qualcomm anticipates job cuts, revenue drop amidst tech downturn
Tech

Qualcomm anticipates job cuts, revenue drop amidst tech downturn

San Diego-based tech giant, Qualcomm, has projected a challenging fourth quarter, with sales falling below market expectations. In a candid statement, the company hinted at impending job cuts as global economic growth tapers and consumer demand for gadgets remains lackluster. A significant blow was dealt with the revelation that Qualcomm expects no further sales to […]

Local refining will cut down petrol price by N70/ltr – Marketers
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Local refining will cut petrol price by N70/ltr – Marketers

      Oil marketers, have stated that the implementation of local refining is projected to result in a reduction of at least N70 per litre in the price of fuel once it reaches full operational capacity. According to the National Controller Operations of the Independent Petroleum Marketers Association of Nigeria,Mike Osatuyi, investing in functional […]

TikTok reassigns senior executive team
News Tech

Senegal bans TikTok

The Senegalese government on Wednesday, stopped access to the social media app TikTok. This comes as the government tightened its crackdown on dissent days after dissolving the main opposition party and imprisoning its head. “The TikTok application is the social network favoured by people with bad intentions to spread hateful and subversive messages,” Senegalese government […]

Ecobank reveals progress in quest to create strategic roadmap
Banking

Ecobank reveals progress in quest to create strategic roadmap

The Ecobank Group’s chief executive, Mr. Jeremy Awori, revealed that the company was making progress in creating its strategic roadmap and attributed this to the financial results in the first half of 2023. The lender increased its pre-tax profits by 63% to N92.52 billion in the second quarter of this year, while its half-year profit […]

Business

BUA foods names Yemisi Lowo-Adesola Non-Executive Director

The Board of Directors of BUA Foods Plc in a statement issued this afternoon, announced the appointment of Mrs. Yemisi Lowo-Adesola as an independent non-executive Director of the firm. Her appointment is effective right away and is contingent on the support of the company’s shareholders at its next annual general meeting. In the release, it was […]

FSD Africa, InfraCredit invests £10m into Nigeria's climate structure
Business

FSD Africa, InfraCredit invests £10m into Nigeria’s climate structure

FSD Africa Investments and InfraCredit have committed £10 million to a risk-sharing backstop facility that will enable local currency funding for Nigeria’s long-term infrastructure development. The first-of-its-kind Risk Sharing Backstop Facility will address the issue of low credit enhancement by mobilizing local institutional investment through bonds into viable early-stage or green-field climate-aligned infrastructure projects. The facility […]

FG targets 6500 megawatts power generation in six months
Electricity

Nigerian electricity market operators to assess performance

Nigerian electricity market operators on Tuesday, announced intentions to assess the performance of the Nigerian Electricity Supply Industry in the country. According to Premium Times, at a press conference on Tuesday in Abuja, the chairman of the NESI market participants and stakeholders roundtable planning committee, Stephen Ogaji, revealed this. The Transmission Company of Nigeria, the Distribution Companies, the Generation […]

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