Business

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

EFCC charges two over alleged unlawful supply of

  • 20th August 2026

FG urges banks, fintechs to bridge $14.8bn gender

  • 20th August 2026

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NNPC raises alarm over Nigeria’s growing energy skills shortage

Business

CBN calls for wider adoption of digital payment channels

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Microsoft warns Africa risks becoming AI consumer

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Business

Nigeria, Türkiye sign MoU to boost solid minerals cooperation

Nigeria and the Republic of Türkiye have signed a Memorandum of Understanding to enhance bilateral cooperation in the solid minerals sector, in a bid to deepen economic ties between both countries. The agreement was concluded on the sidelines of the Istanbul Natural Resources Summit in Türkiye, according to a statement released by the Federal Government […]

Banking

Fidelity Bank names veteran banker Ososuakpor as non-executive director

Fidelity Bank Plc has appointed seasoned banking professional Jonathan Oniovosa Ososuakpor as a Non-Executive Director on its board. The appointment was announced in a statement signed by the bank’s Company Secretary, Ezinwa Unuigboje. According to the statement, the appointment became effective on May 22, 2026, after receiving approval from the Central Bank of Nigeria. Fidelity […]

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UK excludes Nigeria from stricter Russian fuel sanctions

The United Kingdom has excluded Nigeria from tougher compliance measures introduced under its latest sanctions regime targeting fuels refined from Russian crude in third countries, according to new guidance issued by British authorities and reviewed by S&P Global. The restrictions, which took effect on May 20, are designed to close a longstanding “refining loophole” that […]

Business

Pope Leo warns AI must face strict ethical controls

Pope Leo has criticised the “culture of power” behind the rapid expansion of artificial intelligence, warning that the technology must be held to “the most rigorous” ethical standards as it spreads across fields from employment to warfare. In his encyclical, the first major document of his papacy focused on safeguarding humanity, he also issued an […]

Business

Oil prices mixed after US strikes against Iran clouds peace prospects

Oil prices traded unevenly on Tuesday as United States military operations in southern Iran and President Donald Trump’s conflicting signals on talks between Tehran and Washington unsettled market sentiment. Brent crude for July delivery rose 1.6 per cent to $97.72 per barrel during Asian trading, while U.S. West Texas Intermediate futures for June fell 5.4 […]

Business

FG cancels $717.7m W’Bank power sector loan

The Federal Government has cancelled $717.7 million in undisbursed World Bank funding for Nigeria’s struggling power sector, effectively winding down the remaining tranche of a $1.52 billion electricity recovery programme. The decision comes amid growing tariff shortfalls, deepening financial strain, and ongoing implementation challenges in the industry. Documents from the World Bank website on Monday […]

featured Finance

Why Tinubu continues borrowing — Umahi

The Minister of Works, Engr David Umahi, has said President Bola Tinubu is borrowing to fix Nigeria’s roads because infrastructure is the foundation for security, commerce and economic growth. Umahi spoke in Abuja during a visit by the Inspector General of Police, IGP Olatunji Disu, to the Ministry of Works. “When people say, ‘Why is […]

Economy featured

Sallah: Economic hardship, fuel cost push sheep prices to ₦1.2m — Report

Economic crunch, rising petrol prices triggered by the Middle East war and insurgency have driven costs of sheep up in Nigeria ahead of Eid-al-Adha. AFP reported that traders lamented sluggish sales as thousands of sheep stood in pouring rain on Friday at Kara Market, a sprawling livestock hub along the Lagos-Ogun border in southwest Nigeria. […]

Economy featured

Nigeria’s GDP growth slows to 3.89% in Q1 2026

The National Bureau of Statistics said Nigeria’s Gross Domestic Product growth rate slowed to 3.89 per cent year-on-year in real terms in the first quarter of 2026. The bureau announced the development in its latest GDP report for Q1 2026 on Monday. This represents a moderation from the 4.07 per cent growth recorded in the […]

Opinion

Why Nigeria loses billions at Seme border — Ex-Customs officer

A retired Customs officer, Seyi Adeyemo, has raised concerns over the loss of billions in revenue allegedly caused by the Nigerian government’s trade restrictions at the Seme Border, despite the multi-billion-naira infrastructure upgrades supported by the World Bank. Adeyemo also stated that the border post remains far below its economic potential, as ongoing trade restrictions […]

Business

Tantalizers expands into blue economy with major fisheries deal

Tantalizers Plc has signed a preliminary agreement to acquire one of Nigeria’s biggest indigenous fisheries operators. This marks a significant step in the company’s expansion into the nation’s blue economy sector. The company’s board recently concluded a Memorandum of Understanding with Karflex Fisheries Limited and Karflex Investment Limited. The MoU is for the acquisition of […]

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