Business

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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OpenAI cuts prices for GPT-5.6 Terra, Luna weeks after

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Blog

Fraud losses decline in Nigerian banks in Q1 2024 - Report
Business

Africa’s central bank reserves rise to $530bn

Africa’s central bank reserves climbed to $530 billion in 2025, largely supported by higher gold prices and increased accumulation of the precious metal. This was revealed in the Africa Finance Corporation’s latest “State of Africa’s Infrastructure Report,” which notes a broader shift in reserve management across the continent amid ongoing global economic uncertainty. According to […]

Tech

Netflix approves $25bn share buyback

Netflix’s board on 22 April 2026 approved a new $25 billion share repurchase programme with no set expiration date, according to a regulatory filing submitted the next day. The latest authorisation adds to a December 2024 buyback plan, which still had $6.8 billion available for repurchases as of 31 March. The move followed a disappointing […]

Business

Pi-CNG secures credit guarantee backing for auto conversion drive

The Presidential Initiative on Compressed Natural Gas and Electric Vehicles has entered into a memorandum of understanding with the Nigerian Consumer Credit Corporation, the National Credit Guarantee Company Limited, and Moniepoint Microfinance Bank to boost financing for the conversion of vehicles to compressed natural gas. The agreement, signed in Abuja on Wednesday, will provide structured […]

CBN fines banks ₦150m for selling mint Naira notes
Aviation

CBN reforms boosts UK aviation, trade ties — Tinubu

President Bola Ahmed Tinubu has said the resolution of outstanding financial liabilities by the Central Bank of Nigeria marks a major turning point in strengthening Nigeria’s economic and aviation ties with the United Kingdom and its flagship carrier, British Airways. This was disclosed in a statement issued by presidential spokesperson Bayo Onanuga following a meeting […]

Finance

Tinubu unveils ₦25trn pension assets to secure workers’ future

President Bola Tinubu has officially unveiled a N25 trillion pension asset pool. This initiative is part of a broad social protection drive intended to ensure that Nigerian workers no longer experience financial hardship following their retirement. During the opening of the ISSA 2026 West Africa Seminar in Abuja, the President reaffirmed his administration’s dedication to […]

Nigeria's treasury bills rate hit 13.9%
Finance

CBN allots ₦894bn treasury bills, demand hits ₦2.36tn

The Central Bank of Nigeria allotted a total of N894.17 billion at its Treasury Bills Primary Market Auction held on Wednesday, April 22, 2026, amid strong investor demand and stable stop rates across all maturities. The auction results seen by Nairametrics on Wednesday show that total subscriptions surged to N2.36 trillion, significantly exceeding the N750 […]

Food

FG to cut post-harvest losses by 10%, tackle hunger

The Federal Government has said that if the country can reduce post-harvest loss of farm produce by just 10 per cent, it will drive food availability. The government highlighted the alarming rate of agricultural produce wastage in Nigeria, with farmers losing up to 70 per cent of their harvest due to inadequate storage and poor […]

Business

Unilever Nigeria Q1 revenue rises 26% to ₦59.2bn

Unilever Nigeria Plc has announced its unaudited financial results for the first quarter ended 31 March 2026, delivering a 26 per cent increase in revenue to ₦59.2 billion, compared to ₦46.9 billion in the same period last year. Operating profit rose by 39 per cent to ₦11.5 billion, up from ₦8.3 billion in the prior […]

Transportation

Sanwo-Olu reveals Red Line rail extension into Ogun

Lagos State Governor Babajide Sanwo-Olu has revealed that talks are in progress to extend the Red Line rail into Ogun State as part of efforts to ease congestion through an integrated transport system. Nairametrics reported that the disclosure was made in a statement issued on Wednesday by Gboyega Akosile, Special Adviser on Media and Publicity […]

Helth

NAFDAC busts fake alcohol factories in Lagos, seizes ₦350m products

The National Agency for Food and Drug Administration and Control has uncovered and dismantled two illegal production outlets involved in the counterfeiting and adulteration of alcoholic beverages in Lagos State. This was disclosed in a statement shared by the agency on Wednesday following enforcement operations across key commercial hubs in the state. The raid led […]

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