Business

Geregu Power confirms payment of N40bn bond coupon,

  • 21st August 2026

Femi Otedola’s net worth nears $2bn

  • 21st August 2026

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

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Geregu Power confirms payment of N40bn bond coupon, principal

Business

Femi Otedola’s net worth nears $2bn

Business

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featured Opinion

‘Stop giving Tinubu’s govt loans’, Nigerians on X warn World Bank

Economists and Nigerians have raised concerns about Nigeria’s debt level, describing it as a high-risk fiscal state, warning that improvement is necessary despite stability in some critical debt measures. Nigerians have taken to social media, urging the World Bank to reject the recent proposed $1.2 billion loan request. The Nigerian Economic Summit Group has cautioned […]

Oil and Gas

Why we rejected NNPCL’s bid to increase stake in refinery — Dangote

President of the Dangote Group, Aliko Dangote, has disclosed that the company turned down efforts by the Nigerian National Petroleum Company Limited to raise its 7.25 per cent equity holding in the Dangote Petroleum Refinery. The PUNCH reported that Dangote made the revelation during an interview with Nicolai Tangen, the chief executive officer of the […]

Investment

Nigeria seals €365m deal with Germany for devt, export credit deal

Nigeria and Germany have sealed a €65 million development cooperation deal and a €300 million export credit facility aimed at unlocking private investment and easing financing for key sectors. Vanguard reported that the agreement was reached in Abuja on Wednesday at the opening of a two-day bilateral negotiations on development cooperation between Germany’s Federal Ministry […]

Aviation

Air Peace Lagos-London flight disrupted over airspace issues

West Africa’s largest airline, Air Peace, has disclosed that its scheduled Lagos–London Gatwick service of May 13 experienced an operational disruption. The airline said the development followed enroute access issues involving the airspace authorities of an African country. A statement by its management, however, said the aircraft safely returned to Lagos in accordance with established […]

Aviation featured

Presidential air fleet gulps ₦4.24bn despite low budget — Report

The Presidential Air Fleet received at least N4.24bn in disbursements between June and December 2025, the latest updates on GovSpend, a civic technology platform that tracks and analyses Federal Government spending, have revealed. Findings by The PUNCH also revealed that the disbursements, made into the Presidential Air Fleet naira transit account operated by the Presidential […]

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Electricity

TCN to shut down power for six hours in Ogun communities

The Transmission Company of Nigeria has announced a planned six-hour power outage affecting several communities in Ogun State on Thursday, May 14, 2026. According to a statement released by TCN on its X handle on Thursday, the outage is due to scheduled maintenance on the 40MVA 132/33KV power transformer at the McPherson Transmission Substation. The […]

News

FG spent ₦6.54trn on vehicle spare parts imports in 2025

The Federal Government has disclosed that Nigerians spent about N6.54 trillion on vehicle spare parts and another N2.7 trillion on imported vehicles in 2025, emphasising the huge economic potential in the country’s automotive aftersales and component manufacturing sector. Daily Trust reported that the Director-General of the National Automotive Design and Development Council, Joseph Osanipin, revealed […]

Business

Dangote rejects NNPC bid to raise 7.25% stake in refinery

The President of the Dangote Group, Alhaji Aliko Dangote, has revealed that the company turned down a request by the Nigerian National Petroleum Company Limited to increase its 7.25 per cent equity stake in the Dangote Petroleum Refinery. Dangote made the disclosure during an interview with the Chief Executive Officer of the Norwegian Sovereign Wealth […]

Business

BoA assures pensioners of plans to clear outstanding arrears

The Managing Director of the Bank of Agriculture, Ayo Sotinrin, has assured the bank’s pensioners that efforts are underway to clear their outstanding pension arrears. He expressed optimism that payments under the bank’s Defined Pension Scheme would be settled before the end of the year. The assurance was conveyed in a statement issued on Wednesday […]

featured

Oil prices rise as IEA warns of heightened market volatility

Oil prices climbed on Thursday after the International Energy Agency warned of rising market volatility, even as OPEC revised its demand outlook downward for the year. International benchmark Brent crude futures for July rose 0.34 per cent to $105.99 per barrel, while U.S. West Texas Intermediate crude futures for June increased 0.43 per cent to […]

featured Policy and Regulations

NLC, TUC vow resistance against assault on workers rights

The 2026 May Day celebration was marked less by festivity and more by confrontation as the labour movement drew a hard line against what it described as a widening assault on workers’ rights. Labour leaders warned that worsening insecurity and deepening poverty have made “decent work” increasingly unattainable for millions. The two central labour organisations, […]

Business

Agbaje downplays fintech rivalry as HabariPay boosts GTCO gains

Guaranty Trust Holding Company Chief Executive Officer, Segun Agbaje, says the group is no longer worried about competition from fintech firms, pointing to the strong performance of its digital payments arm, HabariPay. Agbaje made the remarks in an interview with Nairametrics CEO, Ugo Obi-Chukwu, on the sidelines of GTCO’s Annual General Meeting in Lagos. He […]

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