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FAAN ejects firm accused of illegal vehicle clamping

Aviation

CPPE warns reversing economic reforms could harm Nigeria’s economy

Business

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Tech

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Business

Crude supply to local refineries hits 58.8m barrels

Oil producers in Nigeria supplied approximately 58.8 million barrels of crude oil to domestic refineries in the second quarter of 2026, surpassing the 55.1 million barrels earmarked under the Domestic Crude Supply Obligation framework. The move reflects a stronger commitment by upstream operators to meet local refining needs, as domestic capacity expands with the ramp-up […]

Business

17 Americans, others evacuated from cruise ship after Hantavirus outbreak

Seventeen Americans are among 150 passengers being evacuated from the M/V Hondius cruise ship following an outbreak of a strain of Hantavirus, as the head of the World Health Organization stresses that the virus “is not another COVID-19.” The vessel is expected to anchor off Spain’s Canary Islands on Sunday, after which WHO Director-General Dr. […]

FG targets 6500 megawatts power generation in six months
Business

Lagos grants 14 licences to boost power supply

The Lagos State Government has granted 14 electricity licences and permits spanning off-grid and embedded generation, independent distribution, metering services, and interconnected mini-grid operations. The approvals were issued by the Lagos State Electricity Regulatory Commission during its inaugural stakeholder engagement held earlier this week at The Cordis Hotel. The development represents a significant regulatory milestone […]

Business

AfDB approves $61m facility to support women-led MSMEs in Nigeria

The African Development Bank Group has approved a $61 million financing package for the Development Bank of Nigeria to boost access to affordable loans for women-owned and women-led micro, small and medium enterprises across Nigeria. The disclosure was contained in a statement published on the bank’s website on Friday. According to AfDB, the funding is […]

Banking

FCMB appoints ex-Lafarge CEO Adepeju Adebajo to board

FCMB Group Plc has appointed former Lafarge Africa Chief Executive Officer, Mrs. Adepeju Adebajo, as an Independent Non-Executive Director on its Board. The company disclosed the appointment in a filing to the Nigerian Exchange Limited dated May 8, 2026. FCMB said the move is intended to further strengthen its Board and advance the Group’s transformation […]

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British Airways to raise fares as €2bn fuel costs bite

British Airways will increase ticket prices to offset most of a €2bn (£1.7bn) surge in fuel costs this year, its parent company has announced, warning that the Iran conflict will weigh on profits. The International Airlines Group said its annual fuel expenses are now projected to reach about €9bn, up from an earlier estimate of […]

Toyota suffers sixth straight monthly production decline
Business

Toyota warns of £3bn loss as Iran war pushes up costs

Toyota has disclosed a £3bn blow linked to the war in Iran, as rising parts and raw material prices combined with falling sales to squeeze earnings. The world’s largest carmaker said profit declined in the financial year to March, warning it was “unlikely to fully absorb the additional impact from the Middle East” — one […]

Aviation

Rano Air trims flight schedule amid soaring jet fuel prices

Rano Air has temporarily suspended some of its flight operations following a sharp surge in aviation fuel prices, a situation operators describe as exerting intense pressure on the industry. In a public notice issued on Friday, the local carrier said the escalating cost of aviation fuel has made it increasingly challenging to maintain services on […]

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 […]

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