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NMDPRA urges Africa to adopt regional fuel pricing

  • 30th July 2026

Seplat sells 10% JV stake to NNPCL for

  • 30th July 2026

BREAKING: Femi Otedola acquires ₦222.20bn First HoldCo shares

  • 30th July 2026

World Bank warns Nigeria risks missing AI revolution

  • 30th July 2026

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Spain rejects emergency declaration despite migrant surge from Morocco 

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NMDPRA urges Africa to adopt regional fuel pricing benchmark

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Seplat sells 10% JV stake to NNPCL for $281.6m

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Resident doctors declare indefinite nationwide strike from August 10

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Vitafoam posts N8.09bn Q2 pre-tax profit

Vitafoam Nigeria Plc has published its unaudited results for the second quarter ended March 31, 2026, posting a pre-tax profit of N8.089 billion, up from N5.62 billion recorded in the corresponding period of 2025. The performance lifted the company’s half-year pre-tax profit to N14.73 billion, representing a 49 per cent increase over H1 2025. Profit […]

EU rules out fee for tech giants under digital markets act
Business

Europe scrambles for jet fuel as Middle East supply disruptions intensify

Europe is urgently seeking alternative sources of jet fuel as imports from the Middle East remain disrupted, forcing the continent to “fight for every cargo” in what analysts describe as a “global stress test” for the aviation sector. According to Société Générale analysts, the loss of Middle Eastern supplies following the Iran conflict is rapidly […]

Bubari re-appoints Dabiri-Erewa as NIDCOM chairman
Business

FG demands action as violence against Nigerians escalates in S’Africa

The Nigerian government has expressed concern over renewed attacks on Nigerians in South Africa, setting out key demands to address the situation. The Chairman/CEO of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, disclosed this in a statement released on April 29, 2026. She noted that for several weeks, there has been an increase in xenophobic […]

GTCO hits N433bn profit in Q3 2023
Business

Shareholders applaud GTCO’s historic ₦12.76/share dividend

Shareholders of Guaranty Trust Holding Company Plc have commended the management for declaring a record dividend of N12.76 per share for the 2025 financial year, the highest in Nigeria’s banking sector. Vanguard reported that at the company’s 5th Annual General Meeting, investors praised the Group’s strong performance and compliance with the Central Bank of Nigeria’s […]

Trump returns to X, uploads mugshot
Travel

Trump’s photo to appear in US limited edition passports

An image of Donald Trump will soon appear in some United States passports, officials said Tuesday, shattering another norm as the president aggressively puts his personal stamp on government institutions. There are few precedents anywhere in the world, let alone in a democracy, of displaying sitting leaders’ pictures in passports, and Trump would be the […]

Oil and Gas

Oil prices climb as Iran war talks stall again

Oil prices rose Monday as talks to end the Iran war appeared to be at a standstill and the crucial Strait of Hormuz no nearer being reopened. While the White House has said Donald Trump and his team were considering Tehran’s latest proposal to restore traffic through the waterway, CNN and the Wall Street Journal […]

UBA begins $6bn project to support African SMEs
Banking

UBA releases unaudited Q1 2026 financial results

United Bank for Africa Plc has published its unaudited group financial results for the first quarter ended March 31, 2026. The results show a pre-tax profit of N160.655 billion, down from N204.264 billion recorded in Q1 2025, representing a 21.35 per cent year-on-year decline. Despite the drop in profit, gross earnings rose by 4.86 per […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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World Bank commits $8.2bn to tackle Africa’s electricity access gap

The World Bank Group has pledged $8.2 billion to boost electricity access across Sub-Saharan Africa, intensifying efforts to address one of the region’s most enduring development gaps, with nearly 600 million people still without power. The funding underpins “Mission 300,” a joint initiative with the African Development Bank Group to connect 300 million people to […]

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Airlines pay ₦2,230/l for aviation fuel despite NMDPRA price advisory

Despite a pricing advisory by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, oil marketers have continued to sell aviation fuel, also known as Jet A1, to airlines at N2,230 per litre and above, deepening concerns across Nigeria’s aviation sector. The NMDPRA had earlier indicated that aviation fuel should sell within a band of […]

Tech

Google signs Pentagon AI deal despite staff backlash

Google has reportedly entered into an agreement with the United States Department of Defense permitting its AI models to be used for classified operations, despite objections from some company employees urging Google to reconsider, The agreement allows the DoD to deploy Google’s AI for “any lawful government purpose,” according to The Information, citing a person […]

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Zero PoS fee strategy here to stay for SMEs – GTCO CEO

The Group Chief Executive Officer of Guaranty Trust Holding Company, Segun Agbaje, has stated that the bank’s zero Point of Sale charge policy is a permanent feature of its strategy aimed at supporting small and medium-sized enterprises in Nigeria. Speaking on Tuesday during the company’s Annual General Meeting, held virtually, Agbaje reaffirmed that the zero […]

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