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

  • 7th August 2026

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

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Exporters condemn extra charges at export processing terminals
Business

Exporters condemn extra charges at export processing terminals

Exporters have bemoaned that the terminals have added additional costs to what they already had, months after the administration of the Nigerian Ports Authority approved export processing facilities to promote agricultural exports. The Punch reported that to increase the country’s agro-export, the NPA approved five export-processing terminals in 2022. At the public presentation of export […]

Wema Bank, NYSC collaborate on youth empowerment
Banking

Wema partners Wakanow to revolutionize digital banking, travel booking

Wema Bank and the first digital bank, ALAT, have teamed with Africa’s leading travel technology business, Wakanow, to integrate digital banking and smooth airline bookings through the ALAT platform, The Punch reported that part of the statement read, “This ground-breaking partnership aims to revolutionize banking and financial services in Nigeria by providing Nigerians with a simple […]

NEPC predicts 8bn loss from fungal infestation on ginger plantations
Business

NEPC predicts 8bn loss from fungal infestation on ginger plantations

The fungal infestation on ginger plantations in Kaduna state, according to the Nigerian Export Promotion Council, will likely cause the country to lose more than N8 billion in foreign revenues. The executive director of the council, Ezra Yakusak, warned of the imminent fall in non-oil export revenue on Wednesday while speaking at the second National Conference […]

Rak Unity Petroleum completes liquidation process
Oil and Gas

Rak Unity Petroleum completes liquidation process

Oil company Rak Unity Petroleum, which has been in business for 40 years, has finished its liquidation procedure. The Punch reported that this information was sent in a notification to the Nigerian Exchange Limited that was signed by the liquidator, Chinwe Chiwete. The voluntary winding up of RAK Unity Petroleum Company Plc, according to the […]

FITC, Nexford collaborate on skills development
Business

FITC, Nexford collaborate on skills development

An online university known as Nextford University, as well as the Financial Institutions Training Centre have collaborated to address developing skill gaps in Nigeria’s banking sector. According to The Punch, this was made public on Tuesday during the collaboration’s official launch at the FITC headquarters in Lagos. The collaboration with FITC, according to the chief executive […]

Bank workers got 52% raise after fuel subsidy - Report
Banking

Bank workers got 52% raise after fuel subsidy – Report

Bank employees have seen salary increases ranging from 9 to 52 percent as a result of the Federal Government’s elimination of fuel subsidies, according to a KPMG Nigeria research. The Punch reported that in September, a report titled “2023 Survey on Employers’ Response to Fuel Subsidy Removal in Nigeria” was released. The analysis found that […]

FG plans to raise $50m impact investment fund
Economy

Nigeria loses $18.6bn in foreign investment over four years – Report

Foreign investment into the biggest economy in Africa fell by $18.6 billion over the course of four years (2019–2022). According to The Punch, eight of the federation’s states failed to draw any foreign investment during the reporting period. Taraba, Yobe, Zamfara, Bayelsa, Ebonyi, Gombe, Jigawa, and Kebbi are the impacted states. When money enters an […]

FG targets 6500 megawatts power generation in six months
Electricity

Electricity users critique minimal 9.42% rise in average power generation

Electricity users on Wednesday, condemned the 9.42 percent increase in average power generation over a seven-year period as “abysmally low.” According to the Punch, information from the Nigerian Electricity Regulatory Commission’s recently published 2022 Market Competition Report, the country’s average power generation decreased by 335 megawatts-hour/hour between 2015 and 2022. “While the commission continues to provide direction […]

Eight AI-powered features of new Google Pixel smartphone
Mobile phones

Eight AI-powered features of new Google Pixel smartphone

    Google has unveiled its latest smartphone, the “Google Pixel,” featuring powerful AI capabilities that are designed to enhance our daily lives. Here are eight amazing AI-driven features you should know: 1. AI Call Assistant – Call Screen The phone can silently answer calls from unknown numbers using a more natural-sounding voice. It intelligently […]

FG loses N843bn to gas flaring in 20 months - Report
featured

FG loses N843bn to gas flaring in 20 months – Report

    Data from the National Oil Spill Detection and Response Agency reveals that the Federal Government lost approximately N843 billion due to gas flaring from January 2022 to August 2023. In its latest gas flare report, NOSDRA disclosed that oil and gas companies operating in Nigeria flared 147.1 billion standard cubic feet of gas […]

Stears pivots to B2B market - Report
News Tech

Stears pivots to B2B market – Report

Nigerian data and intelligence company, Stears is changing its focus from consumer-oriented data solutions to an intelligence company with new offers that are focused on organisations. The director of Stears, Yvette Dimiri, claims that user input was the driving force behind this modification. “From the insights and data solutions being requested by our professional users, […]

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