Business

Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

NPF Microfinance Bank grows profit before tax by

  • 25th July 2026

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

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Ghana to evacuate 1,000 more workers from South Africa

Transportation

Nigerians may face rice, tomato scarcity within three months

Food

Pharmaceutical firms’ finance costs jump 46.5% amid high interest

Helth

FAAN launches probe into viral Delta airport security altercation

Ports and Airports

Blog

Economy

FG gains N19.2bn from gold, others in Q1 – NBS

The National Bureau of Statistics had shown that the Federal Government had gained N19.2bn in the first quarter of 2022 from gold deposits despite not having a robust gold extraction in deposits and production. The report, titled ‘Trade In Goods Statistics,’ said the commodity classified as ‘Gold unwrought or in semi-mfr. forms, or in powder […]

Banking

28 banks Join $500m pan-African settlement platform

One year after the African Continental Free Trade Agreement take-off, no fewer than 28 banks in Africa joined the Pan-African Payment and Settlement System, which took off with a $500m facility with an additional 24 banks on the waiting list. Daily Trust reported over 40 different currencies in the African continent. Over time, many traders […]

UBA opens to customers Saturday for old naira notes
Banking

UBA redeems five-year $500m Eurobond

The United Bank for Africa has redeemed its debut $500 million five-year Eurobond notes which matured on Wednesday. The Nation reported that the Eurobond notes issued in 2017 were offered at a coupon rate of 7.75 per cent. The bond was raised to support the bank’s business in key sectors of the economy. UBA had […]

News

Forex trader bags two years jail for N20m theft

A forex trader identified as Shola Henry was sentenced to two years imprisonment on Tuesday by the Domestic Violence and Sexual Offences Court, Ikeja, Lagos State, for N20m theft. The Economic and Financial Crimes Commission had arrested the convict after it received a petition from a businessman, Anyasi Matthew, who claimed that Henry defrauded him […]

News

E-payment: Nigerians’ spending on utility bills rises by 387%

The amount Nigerians spent on electronic bills such as power and other utilities grew by 387.19 per cent from N189.50bn in the first four months of 2019 to N923.24bn in the corresponding period of 2022, indicating an increase in the use of e-channels by Nigerians. According to the Nigeria Inter-Bank Settlement System, e-bills payment includes […]

Aviation

Nigeria Air receives operating license from NCAA

Nigeria’s proposed national carrier, Nigeria Air, has received an Air Transport License from the Nigerian Civil Aviation Authority. The interim management of the country’s national carrier, led by Captain Dapo Olumide, a former Managing Director of the defunct Virgin Nigeria Airways, received the ATL licence at the NCAA headquarters in Abuja. Punch Metro reports that […]

Buhari
Energy

FG to confirm increment of petrol freight rate

The Federal Government is expected to issue a circular confirming the increased the increase of freight rates of Premium Motor Spirit, otherwise known as petrol, by N10 per litre. The Nation reported that the circular on the increase, which took effect June 1, will be issued today, June 6, 2022. President, Nigerian Association of Road […]

Why oil theft estimates are unrealistic- Navy
Oil and Gas

Firm prepares fresh investment in oil, gas sector

Solewant Group says it is now entering the next phase of its extensive development through investments and expansions in the oil and gas sector. Report according to The Punch confirmed that the company also said it was committed to providing steel pipe, metals, and speciality coating solutions as an outstanding business partner to top oil […]

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

Blackout to worsen as 20 power plants underperform

No fewer than 20 gas power plants are currently under-performing, forcing power generation to drop below 2000MW. Nigeria has 23 power generating plants with 11 165MW capacity connected to the national grid. Out of the 23, two are hydro plants. These plants are managed by generation companies (GenCos), independent power providers, and Niger Delta Holding […]

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

92 million Nigerians lack access to electricity – Report

Nigeria has the lowest access to electricity globally, with about 92 million persons out of the country’s 200 million population lacking access to power, the Energy Progress Report 2022 released by Tracking SDG 7, has revealed. The report, produced in conjunction with the International Energy Agency, International Renewable Energy Agency, United Nations Statistics Division, the […]

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