Blog

Finance

Court grants CBN sole ownership of eNaira platform

The Federal High Court sitting in Abuja, on Friday, granted the Central Bank of Nigeria sole ownership rights to the eNaira digital currency platform. The court, in a judgment delivered by Justice James Omotosho, issued an order of perpetual injunction to restrain a private firm, eNaira Payment Solutions Limited, from further parading itself as the […]

Apple TV+ passes subscriber target thanks to Messi - CEO
Sport

Messi joins Ronaldo as football’s second billionaire

Lionel Messi has officially joined long-time rival Cristiano Ronaldo in football’s exclusive billionaire ranks. This follows a surge in earnings tied to his move to Inter Miami CF and a growing portfolio of sponsorship and investment deals. According to a Bloomberg analysis, the Argentine superstar’s net worth has now crossed the $1 billion mark. He […]

News

Abuja court orders EFCC to unfreeze ex-AGF’s ₦220m assets

The Federal High Court in Abuja on Friday ordered the Economic and Financial Crimes Commission to lift its control or restrictions on N220 million and properties linked to former Acting Accountant General of the Federation, Chukwunyere Anamekwe Nwabuoku, following its non-conviction final forfeiture case. Justice Umar Mohammed delivered the ruling in a “non-conviction” originating motion […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
Finance

Naira holds firm at ₦1,370/$ in both FX markets

The Naira maintained its steady momentum against the United States Dollar in the early hours of Friday, May 22, 2026, demonstrating continued stability across both the official window and the informal parallel market segments. In the Nigerian Foreign Exchange Market, which serves as the official platform for formal trade, the Naira opened the morning session […]

Business

BUA boss blames fuel, energy cost for cement price hike

The Chairman of BUA Cement Plc, Abdul Samad Rabiu, has blamed the skyrocketing prices of cement in Nigeria on energy and transport costs. He spoke at the 10th Annual General Meeting of BUA Cement in Abuja yesterday. As of April 2023, a month before the current administration came into power, a 50 Kg bag of […]

Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Food

LASCOPA raises alarm over adulterated palm oil in Lagos markets

The Lagos State Consumer Protection Agency has raised concerns over the circulation of adulterated palm oil in Lagos markets following reports of contaminated products being sold to consumers. The agency, in a statement posted on Lagos State Government’s official X handle, said market surveillance and consumer complaints uncovered the sale of artificially enhanced palm oil […]

News

FG urges stronger ECOWAS ties to fight border crimes, terrorism

The federal government has intensified calls for stronger cross-border cooperation among ECOWAS member states to combat transnational crime, terrorism and other border-related challenges threatening regional stability. The Director-General of the National Boundary Commission, Adamu Adaji, made the call during the annual stakeholders’ meeting on ECOWAS Cross-Border Cooperation held in Abuja. The regional meeting, hosted by […]

Maritime

Africa cannot achieve economic growth with outdated ports – Abubakar Dantsoho

Port Management Association of West and Central Africa President Abubakar Dantsoho has said African countries cannot achieve meaningful economic growth while relying on outdated port infrastructure. Dantsoho, who also serves as Managing Director of the Nigerian Ports Authority, made the remarks at the closing ceremony of PMAWCA meetings in Lagos, according to a statement issued […]

Business

ECOWAS pushes deeper regional integration via enhanced border ties

The Economic Community of West African States has stepped up efforts to deepen cross-border cooperation among member states as part of initiatives aimed at enhancing regional trade, strengthening security collaboration, and advancing economic integration across West Africa. The Director-General of the National Boundary Commission, Adamu Adaji, represented by the Head of Cross Border Cooperation, Dr. […]

Electricity

Over five million Nigerians still lack prepaid metres in 2026 — NERC

About 5.1 million consumers, representing about 41 per cent of Nigeria’s 12.31 million active electricity customers were without prepaid meters as of February 2026, according to data released by the Nigerian Electricity Regulatory Commission. The Commission, in its January and February 2026 metering factsheet, disclosed that only 7.21 million customers had been metered by February […]

SpaceX’s starship spirals out of control in test flight
Tech

SpaceX halts inaugural Starship V3 launch at Starbase

SpaceX has called off the inaugural launch of its third-generation Starship rocket system from its Starbase facility in Texas. The company is now expected to try again on Friday. The mission is a key milestone for SpaceX, marking the first flight test of its upgraded Starship V3 hardware. It also comes at a sensitive time […]