Blog

Business email hack rises by 1,760% in 2023 – Report
News

Alleged cyberattack forces US education platform Canvas shutdown

An alleged cyberattack involving “unauthorized activity” on Canvas — an education platform widely used by universities and schools across the United States — caused the site to temporarily shut down on Thursday, officials said. The company said it confirmed that an unauthorized actor carried out the activity by “exploiting an issue related to our Free-For-Teacher […]

featured Opinion

Atiku faults NNPCL, China deal on Port Harcourt refineries

Former Vice President Atiku Abubakar has urged the Federal Government to halt the Nigerian National Petroleum Company Limited’s refinery partnership arrangement with two Chinese firms, describing the deal as lacking transparency and raising concerns over the technical capacity of the companies involved. In a statement released on Friday through his Senior Special Assistant on Public […]

Electricity

Lagos issues 14 operators licences to boost electricity market reform

The Lagos State Government, through the Lagos State Electricity Regulatory Commission, has reaffirmed its commitment to deepening smart regulation and strengthening the Lagos electricity market. This came as the commission issued licences to 14 operators in the state electricity value chain. The PUNCH reported that speaking on Thursday at LASERC’s maiden Stakeholders’ Engagement Forum in […]

Dangote cement hits historic N10trn market capitalization
Business

Dangote Cement plans 10% share sale in London listing

Africa’s richest man, Aliko Dangote, is planning to list Dangote Cement Plc on the London Stock Exchange this year in a move aimed at securing a dual listing for the company valued at nearly $13 billion. Dangote disclosed the plan in an interview with the Financial Times, stating that the cement giant intends to sell […]

Finance

PenCom to deploy tools for states pension compliance enforcement

The Director-General of the National Pension Commission, Omolola Oloworaran, has disclosed that the agency plans to deploy “tools” to enforce pension compliance at the state level. Nairametrics reported that she made this known during a press interview on Thursday on the sidelines of the maiden edition of the bi-annual consultative session for Heads of Service […]

Food

Ghana plans $1bn domestic bond to fund cocoa purchases

Ghana is planning to raise $1 billion through domestic bonds to fund cocoa purchases from farmers ahead of the 2026/2027 crop season, as the country seeks to overhaul how it finances and delivers cocoa to global buyers. This is according to Bloomberg, which cited anonymous sources familiar with the discussions. Ghana, the world’s second-largest cocoa […]

Business

C&I Leasing posts ₦532.84m pre-tax profit in Q1 2026

C&I Leasing Plc reported a pretax profit of N532.84 million in its Q1 2026 unaudited financial statements filed on the Nigerian Exchange. The result represents a 9.2 per cent year-on-year increase from N487.9 million recorded in the corresponding period of 2025. The improved earnings performance was supported by strong growth in lease income, which is […]

Business

Eterna Q1 profit doubles as revenue hits ₦70.5bn

Eterna Plc has recorded a stronger Q1 2026 performance, with pretax profit rising to N1.6 billion from N1.4 billion in the corresponding period of the previous year. This growth was anchored on a revenue base of N70.5 billion, down from N73.2 billion in the prior year, with fuel sales contributing 92.8 per cent, lubricants 7 […]

Finance

NRS extends office hours to ease June tax filing

The Nigeria Revenue Service has announced the extension of its operations to Saturdays as part of efforts to support taxpayers using its newly launched tax administration platform, Rev360. The development becomes important as the service prepares for the June peak period for tax filing. The disclosure was contained in a statement signed by the Executive […]

Ports and Airports

Customs agents accuse marine police of port cargo extortion

A group of concerned licensed customs agents and maritime stakeholders under the aegis of the Association of Nigeria Licensed Customs Agents has petitioned the Inspector-General of Police over alleged interference of the Marine Police in port operations. Specifically, they accused the Police unit of blocking and extorting importers of duly cleared cargoes from Lagos ports. […]

Electricity

Tegbe denies fixing power grid crisis in three months

The Minister-designate for Power, Joseph Olasunkanmi Tegbe, has denied reports claiming he promised to fix Nigeria’s power grid within three months, describing the reports as a misrepresentation of his remarks during his Senate screening. In a statement posted on X on Thursday by his spokesperson, Adeola Adelabu, Tegbe clarified that he never gave a three-month […]