Business

International Breweries posts ₦40.31bn pre-tax profit in Q1

  • 25th April 2026
Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC arrests ex-Skye Bank CEO Tunde Ayeni over

  • 25th April 2026

Oil prices hit $105 as US-Iran ceasefire talks

  • 24th April 2026

NUPRC heads to appeal court over Dawes Island

  • 24th April 2026

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FG approves Air Peace for direct Nigeria-Brazil flights as strategic aviation routes

Fuel hike: Air Peace cuts Abuja-London flights to three

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International Breweries posts ₦40.31bn pre-tax profit in Q1

Business

United Capital approves ₦18bn total dividend payout for 2025

Finance
Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC nabs Cameroonian in ₦1.5bn first-generation bank fraud

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Electricity customers paid N210.17b in three months - NERC
Business

Yola Disco records highest losses amongst Discos – Report

The only electricity distribution company being controlled by the Federal Government, Yola Disco had the largest aggregate technical, commercial, and collection losses of 70% compared to the other 11 Discos.   This was from an industry report titled ‘Key Operational & Financial Data of NESI’ for 2019 to 2022″ accessed by The Punch.   According […]

Nigeria Customs Service
Business featured

Customs seize contraband worth N305m in two months

The Nigeria Customs Service’s Federal Operations Unit Zone B has revealed that between January and February 2023, it made 130 seizures of contraband worth N305 million. The Punch reported that a statement from the Zone’s public relations officer, Suleiman Isah, disclosed other items seized during the period under review included 163 jerry cans of vegetable […]

Alphabet's self driving cars Waymo
Business

Alphabet’s Waymo lays off additional 137 workers

Google’s parent company, Alphabet, has laid off 137 workers in its self-driving technology unit, Waymo, making this the second round of job cuts in 2023. The firm told Reuters this on Wednesday. The layoff has affected about eight percent of Waymo’s  workforce or 209 employees from January till date. Reuters reported that concerns have been […]

General Motors
Business

General Motors fires hundreds of employees, plans $2bn cost reduction

One of the world’s leading automakers, General Motors is cutting  hundreds of executive-level and salaried jobs as plans to reduce costs and streamline operations.   Reuters reported that this was provided by a person briefed on the company’s job cut on Tuesday.   According to this person, global reductions are in the “low hundreds.”   […]

IMF logo
Business featured

76% CBN Anchor Borrowers’ loans unpaid – IMF

The International Monetary Fund has confirmed that 76 percent of loans disbursed under the Central Bank of Nigeria’s Anchor Borrowers’ Programme, for farmers have not been returned. This is according to information provided by the International Monetary Fund in its Selected Issues paper on Nigeria. The issue paper was created by the fund’s staff team […]

Stock Market analysis
Business featured

Nigeria’s stock market hits N30trn amid elections

The total market value of Nigerian stocks hit N30 trillion on Monday, amid the uncertainty surrounding the result of Saturday’s general election. BusinessDay reported that Nigerian Exchange Limited All-Share Index and the market capitalisation of equities rised to 55,328.42 points and N30.14 trillion from preceding day’s low of 54,949.21 points and N29.93 trillion respectively. The […]

Tesla grants Elon Musk $29bn in shares
Business

Elon Musk becomes world’s richest man again

Tesla Chief Executive Officer, Elon Musk, has regained his title of the richest man in the world, after losing it for 82 days.   He had lost the title to French billionaire, Bernard Arnault, CEO, of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods company, on December 8, 2022, steming from controversies surrounding […]

First Bank's deputy MD Gbenga Shobo resigns
Banking

First Bank’s deputy MD Gbenga Shobo resigns

The First Bank of Nigeria’s deputy managing director, Mr. Gbenga Shobo,  has resigned from the company’s board of directors with immediate effect. Shobo’s departure came after CBN recently reviewed the term restrictions for bank managing directors, deputy managing directors, executive directors, and other officials, according to a tweet from Proshare. According to the latest CBN circular […]

Tesla Germany produces 4000 cars weekly beyond projection
News

Tesla Germany produces 4000 cars weekly beyond projection

Global manufacturer of automobiles, Tesla, announced on Monday that its German factory in Brandenburg, close to Berlin, is now manufacturing 4,000 cars per week, quadrupling from May when Chief Executive, Elon Musk had equated investment in Tesla’s new factories to “gigantic money furnaces.” The Berlin factory achieved its production goal three weeks earlier than the […]

Google mailing service- Gmail
Business

Gmail service now restored worldwide after hour-long outage

Google’s email service, which crashed for some minutes worldwide, has been restored. It is now back up and running after the short outage. DailyMail reported earlier in the afternoon on Monday that Down Detector, a website’s real-time information provider, showed that the down time began at 2:08 PM. This affected some of its 1.5 billion […]

An energy bill notification on phone
Business

Uk energy regulator reduces power bill price cap

UkThe Office of Gas and Electricity Markets, a UK energy regulator, on Monday reduced its price cap on energy bills for households starting April. According to Reuters, Ofgem lowered the cap to a yearly cost of 3,280 pounds ($3,925.18) from the current 4,279 pounds for a dual-fuel household, which shows a reduction in the wholesale […]

Business

NCCA hails Dana Air over safety standard

The Nigerian Civil Aviation Authority has commended Dana Air for its safety standard as it recently grounded its airplanes for proper maintenance checks. The Director General of NCAA, Captain Musa Nuhu, disclosed this to The Punch in Abuja. According to the aviation Director, the airline stopped all flying operations to carry out maintenance checks on […]

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