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Why Nigerian insurance is one of the lowest globally - CPPE

High levies threaten survival of Nigerian airlines, says

  • 26th April 2026

Lagos signs power purchase deals to boost supply

  • 26th April 2026
Hackers breach North Korean spy group’s computer

Italy okays extradition of Chinese hacker wanted by

  • 26th April 2026

Dangote Refinery expansion to create 95,000 jobs

  • 26th April 2026

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Why Nigerian insurance is one of the lowest globally - CPPE

High levies threaten survival of Nigerian airlines, says CPPE

Business

Lagos signs power purchase deals to boost supply by

Business
Hackers breach North Korean spy group’s computer

Italy okays extradition of Chinese hacker wanted by US

Business

Dangote urges govt, private sector partnership to eliminate malaria

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Blog

Dangote to slash sugar import by 40%
News

Dangote Cement shareholders approve 25% dividend rise

Shareholders of Dangote Cement Plc on Tuesday approved a 25 per cent rise in dividend payment for the 2021 financial period. The shareholders approved N20 per share for the year ended December 31, 2021 from N16 paid in the preceding year during the company’s 13th Annual General Meeting in Lagos. At the meeting, the company […]

Trariff hike: Produce financial report, tribunal orders Multichoice
Appointments

MultiChoice appoints Chief Operating Officer

MultiChoice Nigeria has appointed Ayo Ajala as its chief operating officer. As the chief operating officer for MultiChoice Nigeria, he will oversee customer functions and the business operations of the Nigeria business and ensure that processes and systems are sufficiently robust to support the company’s growth. Prior to his appointment, he worked in the human […]

News

UK court rules against FG as Nigeria loses $1.7bn JP Morgan case

A United Kingdom court Tuesday ruled against Nigeria in its $1.7 billion claims against JP Morgan Chase Bank over the transfer of proceeds from the sale of OPL 245 in the controversial Malabu oil deal. Nigeria had alleged that JP Morgan was “grossly negligent” in its decision to transfer funds paid by oil giants Shell […]

Tweeps knock FG as fuel scarcity leaves commuters stranded
Energy

Abuja queues persist as NNPC supplies 1.5bn litres of fuel

Latest updates on the evacuation of Premium Motor Spirit, popularly called petrol, by the Nigerian National Petroleum Company Limited show that the oil firm evacuated 1.523 billion litres of PMS between May 16 and June 5, 2022 in a bid to keep the country wet with fuel. However, this huge supply volume has not completely […]

News

Stock market investors gain N158bn

Investors’ shares in the Nigerian stock market rose by N158bn last week as 29 firms recorded price appreciation. The All-Share Index of the Nigerian Exchange Limited and market capitalisation increased by 0.55 per cent to close the week at 53,201.38 and N28.681tn respectively. All other indices finished lower with the exception of the NGX 30, […]

Investment

Rivers, Kaduna, 30 others attract zero foreign investments in Q1

Thirty-two states in Nigeria, including Rivers and Kaduna, did not attract any foreign investments in the first quarter of 2022, AMBusiness has learnt. A report by the National Bureau of Statistics shows that only Lagos, Oyo, Katsina, Anambra states, and the Federal Capital Territory attracted investment during the period. According to the NBS’ Nigerian Capital […]

Banking

Mobile transactions hit N4.86tn Q1 2022 – NIBSS

Nigerians’ use of mobile channels for payment transactions has risen by 3,454.46 per cent from N136.85bn within the first four months of 2019 to N4.86tn in the corresponding period of 2022, according to data from the Nigeria Interbank Settlement System. This growth follows a 13.98 per cent increase in the number of telecommunication subscribers in […]

News

Inflation: What to do if your salary no longer sustains you

What do you do if your salary is no longer sustaining you? This is a question most salary earners have often asked themselves, especially in the current economic downturn. The inflation in Nigeria is constant, the economy is not stable. You can go to the market today and buy something at one price and return […]

Power generation dropped 43mw after worker's strike - FG
Energy

Blackout as national grid collapses for fifth time in 2022

There was widespread blackout across the country on Sunday following the collapse of the national power grid, making it the fifth collapse of Nigeria’s electricity grid in 2022. It was learnt that the grid collapse on Sunday occurred around 6.49pm, leading to the shutdown of the outgoing electricity feeders of some power distribution companies. The […]

News

MTN, Guinness, Unilever, 27 others commit to PLWDs’ employment

Over 30 multinational companies and institutions including MTN, Unilever, Guinness, among others, have pledged to engage qualified Persons Living With Disabilities in their various workforces, the Federal Government announced on Friday. Speaking on the side-lines of the Inclusion Works Programme organised by Sightsavers Nigeria in Abuja, which focused on empowerment and employment for PLWDs, the […]

WTO members rally behind Okonjo-Iweala for second term
News

Food security: Okonjo-Iweala optimistic as global trade ministers meet

The World Trade Organization chief voiced cautious optimism Sunday as global trade ministers gather to tackle food security threatened by Russia’s invasion of Ukraine, overfishing and equitable access to Covid vaccines. Speaking just hours before the opening of the WTO’s first ministerial meeting in nearly five years, Ngozi Okonjo-Iweala acknowledged that “the road will be […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Oil and Gas

Nigeria repays five oil firms’ $3.7bn debt, owes $972m Okechukwu Nnodim

Latest updates on Nigeria’s cash call arrears repayment showed that the country had so far repaid a total of $3.72bn to five international oil companies, leaving an outstanding balance of $971.8m. Data obtained from the country’s oil firm in Abuja on Friday indicated that the five IOCs include Shell Petroleum Development Company, Mobil Producing Nigeria, […]

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