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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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Banking

UBA’s gross earnings hit ₦3tr

United Bank for Africa Plc has released its audited group financial results for the year ended December 31, 2025, posting gross earnings of N3 trillion. The top-line growth reinforces its position as one of Africa’s most systemically important banks. Despite a challenging operating environment, the bank recorded a profit after tax of N404.6 billion, supported […]

UBA begins $6bn project to support African SMEs
Banking

UBA’s 2025 profit slumps 47% on ₦331bn loan losses

United Bank for Africa PLC has released its audited group financial results for the full year ended December 31, 2025, reporting a 47 per cent decline in pre-tax profit to N423 billion compared to the N804 billion in 2024. The decline in profit was driven by material loan provision of N331 billion and N278 billion […]

Business

ADVAN recognised for advancing marketing practice, societal impact

The Advertisers Association of Nigeria has been honoured with the ‘President’s Award’ by the World Federation of Advertisers at its Global Marketer Week held in Stockholm, Sweden. According to the statement, the award celebrates national industry associations whose initiatives strengthen marketing practice while delivering meaningful societal impact. Reacting to the recognition, ADVAN said it emerged […]

Business

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

International Breweries Plc reported a pre-tax profit of N40.31 billion in its Q1 2026 results, representing a 15 per cent increase from N35.07 billion recorded in the corresponding period of 2025, driven largely by improved cost efficiency and stronger gross margins. This is according to its Q1 2026 financial results filed with the Nigerian Exchange […]

Finance

United Capital approves ₦18bn total dividend payout for 2025

United Capital Group, a pan-African investment bank and financial services group, has approved a total dividend payout of N18 billion as shareholder returns for the 2025 financial year. The Group CEO, Peter Ashade, disclosed this in his statement at the company’s Annual General Meeting on Friday, attended by Nairametrics. The board’s proposal of a total […]

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

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

Operatives of the Economic and Financial Crimes Commission have arrested Bekono Marc Eric, a Cameroonian national, over his alleged involvement in a N1.5 billion bank fraud in Lagos. The anti-graft agency disclosed this on April 24 in a statement shared on its official X account, noting that the arrest was carried out by its Lagos […]

Business

Porsche sells stake in Bugatti in strategic cost-cutting move

Porsche has executed a strategic reversal on one of its recent high-profile investments, announcing that it has reached an agreement to sell its stake in Bugatti Rimac to an international consortium. The German sports car manufacturer said the decision forms part of a broader effort to streamline operations and reduce costs amid ongoing financial uncertainty […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira hits three-week low at ₦1,361.5/$

The Naira extended its losing streak on Friday, closing at N1,361.5 per dollar, its weakest level in three weeks, amid persistent pressure in the foreign exchange market. Data from the Central Bank of Nigeria showed the currency has depreciated for the most part of the week. The latest decline reflects sustained demand pressures, constrained FX […]

Insurance industry grew by 16.99% in Q3 - NBS
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AIICO, AXA account for 61% of ₦288bn insurance claims in 2025

Top insurance companies listed on the Nigerian Exchange paid a combined N288.85 billion in claims in 2025, reflecting a significant 38.17 per cent year-on-year increase compared to the N209.05 billion recorded in 2024. AIICO Insurance and AXA Mansard together accounted for over 61 per cent of total claims paid. The data, compiled by the Nairametrics […]

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EU explores alternative gulf energy routes amid US-Iran war

The ongoing Iran conflict and resulting disruption to global energy flows have pushed the European Union to explore alternative energy transport routes in the Middle East, as soaring oil and gas prices strain member states and expose vulnerabilities linked to the Strait of Hormuz. European Commission President Ursula von der Leyen said the bloc is […]

Musk's DOGE team allegedly spying on US govt workers
featured Tech

Musk drops fraud claims against OpenAI founders ahead of trial

Elon Musk has withdrawn his fraud allegations against OpenAI and its co-founders, Sam Altman and Greg Brockman, significantly narrowing his lawsuit against the company ahead of trial. On Friday, United States District Judge Yvonne Gonzalez Rogers granted Musk’s request to streamline the case, allowing only two of the 26 claims in his November 2024 complaint […]

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