Business

Electric car demand rises in Europe amid Middle

  • 20th April 2026
Dangote Sugar exceeds N1tn market cap level 

Dangote Sugar plans ₦500bn rights issue for growth

  • 20th April 2026
EU rules out fee for tech giants under digital markets act

EU antitrust chief rejects push to relax merger

  • 20th April 2026

Brent nears $95 over fears of US-Iran ceasefire

  • 20th April 2026

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Tech

Dispatch rider killed by speeding NIPCO tanker in Lagos

Transportation

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Oil and Gas

Electric car demand rises in Europe amid Middle East

Business

Blog

Oil and Gas

Oil sector reforms have attracted $24bn investments — NNPCL

The Nigerian National Petroleum Company Limited has said recent reforms in the oil and gas sector have unlocked over $24bn in fresh investments, with an additional $10bn currently in the pipeline, as the country intensifies efforts to achieve its three million barrels per day production target. The Group Chief Executive Officer of NNPC Ltd, Bayo […]

Policy and Regulations

Stamp duty compliance no longer optional for businesses — Consultant

Nigerian businesses can no longer treat stamp duty as a simple formality. Under the new Nigeria Tax Act, any commercial contract that is not properly stamped may not be accepted in court or during arbitration. This puts many important business deals worth billions of naira at risk. According to BusinessDay, tax consultant Olamide Sulaiman described […]

Finance

Intra-African trade to hit $230bn by 2026 — Afreximbank

Intra-African trade is on track to reach $230 billion by 2026, driven by the accelerated implementation of the African Continental Free Trade Area, with overall continental trade projected to grow 10 per cent this year, according to a new report by the Afreximbank. The report, titled ‘African Trade and Economic Outlook 2026,’ explained that despite […]

Banking

Afreximbank net income hit $1.2bn in 2025

Afreximbank reported a strong financial performance for the year ended December 31, 2025, with net income rising 19 per cent to $1.2 billion, driven by expanded trade finance activities and continued support for industrialisation across Africa and the Caribbean. The lender’s results underscore sustained financial resilience and growing market confidence, as it scaled up disbursements […]

Opinion

Speaker Abbas decries persistent crude oil theft despite security gains

Speaker of the House of Representatives, Abbas Tajudeen, has said crude oil theft in Nigeria remains at “concerning levels”, despite recent improvements in pipeline security. The speaker called for reforms to strengthen transparency, accountability and surveillance systems in the oil sector. Abbas raised the concern on Wednesday at a Parliamentary Roundtable on pipeline surveillance contracts, […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Telecommunications

NCC data reveals massive theft of telecom generators, batteries

Telecommunications operators in Nigeria are grappling with a growing wave of infrastructure theft, as newly released data from the Nigerian Communications Commission shows that 656 critical power assets were stolen from telecom sites across the country in 2025. According to the NCC data, a total of 152 generators and 504 batteries were stolen within the […]

Finance

Venezuela interim leader announces minimum wage raise for workers

Venezuela’s interim president, Delcy Rodriguez, on Wednesday promised a hike in wages, which have been eroded by years of inflation and economic collapse. The minimum hourly wage in Venezuela is currently equivalent to 27 US cents, with annual inflation exceeding 600 percent. For ordinary Venezuelans, monthly wages can reach $150 with state-provided bonuses, but that’s […]

Travel

Insecurity: US orders non-essential staff evacuation from Abuja embassy

The United States Department of State has directed non-essential staff and family members to depart the U.S. Embassy in Abuja, citing worsening security conditions across Nigeria. In a travel advisory issued Wednesday, the department urged Americans to reconsider travel to Nigeria beginning April 8, 2026, due to crime, terrorism, kidnapping, civil unrest, and limited healthcare […]

Transportation

FG launches new leasing scheme for motorcycle, tricycle operators

The Federal Government has unveiled a new leasing model aimed at replacing what it described as exploitative hire purchase arrangements for motorcycle and tricycle operators across the country. The initiative, introduced through the Equipment Leasing Registration Authority in partnership with Century Information Systems Ltd. and the National Commercial Tricycle and Motorcycle Owners and Riders Association […]

featured News

Iran accuses US of breaching ceasefire deal

Iran has accused the United States of violating a fragile ceasefire agreement, even as Donald Trump maintains that the truce remains intact amid rising tensions across the Middle East. Fresh explosions were reported across key Gulf states, while conflicting claims emerged over the status of the strategically vital Strait of Hormuz, with Tehran declaring it […]

featured Finance

Naira stabilises at ₦1,379.50/$ in early Thursday trade

The Naira maintained a relatively stable but cautious position against the United States Dollar during early morning trade on Thursday, April 9, 2026. As market participants navigate the final trading days of the week, the exchange rate across both the official and informal sectors continues to reflect the ongoing balance between foreign exchange liquidity and […]

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