Business

IMF urges stronger crypto regulation in Nigeria to

  • 10th June 2026

ALTON plans N1.86tn investment to boost network expansion

  • 10th June 2026

FG pledges stronger fiscal reporting, transparency after IMF

  • 10th June 2026

FG unveils $1bn AfCFTA credit facility to boost

  • 10th June 2026

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UK refuses to back down on tech platforms crackdown

Business

Lagos is more expensive than US, BNXN laments after

Entertainment featured

NIS deploys tech, boosts surveillance to curb illegal migration

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Oil prices rise as US strikes on Iran raise

Oil and Gas

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featured

NVIDIA expands dominance to consumer PC processors

NVIDIA, now the world’s most valuable company, has built its dominance on artificial intelligence chips for data centres and is now moving into a new frontier: processors for personal computers. The shift puts it in direct competition with long-established PC chipmakers such as Intel, AMD, Qualcomm, and Apple. At Taiwan’s Computex conference on Monday, NVIDIA […]

featured Finance

Naira holds steady across official, parallel FX markets

The naira traded within a relatively stable range against the United States dollar across the official Nigerian Foreign Exchange Market and the parallel market as traders monitored forex liquidity and market demand. Data published by the Central Bank of Nigeria showed that the official NFEM exchange rate closed at ₦1,373.25 per dollar on May 29, […]

Business

NUT orders indefinite strike in Oyo over school abductions

The Nigeria Union of Teachers has ordered public school teachers in Oyo State to commence an indefinite strike following the abduction of colleagues and students in Oriire Local Government Area. The directive was issued in a statement on Sunday, May 31, 2026, by the Oyo State Wing of the union and signed by State Secretary, […]

Aviation

FAAN, health authorities step up Ebola surveillance at Lagos airport

The Federal Airports Authority of Nigeria, alongside Lagos State health authorities and Port Health Services, has intensified efforts to prevent the entry and spread of Ebola Virus Disease through the Murtala Muhammed International Airport, Lagos, following a joint assessment of the airport’s emergency preparedness infrastructure. According to a statement by FAAN’s Director of Public Affairs […]

Business

Lagos identifies 3,700 hectares of informal spaces across 1,700 locations

The Lagos State Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, has revealed that more than 3,700 hectares of informal settlements and developments were identified across over 1,700 locations in the state as of December 2025. Olumide disclosed this on Friday during the 2026 Ministerial Press Briefing held in Lagos to mark Governor […]

Electricity

Power outages cost Nigerian firms 3% annual sales — AfDB

Power outages are costing Nigerian businesses an estimated three per cent of their annual sales, forcing firms to spend heavily on alternative power sources and exposing the economic cost of the country’s infrastructure deficit. This is according to the African Development Bank’s African Economic Outlook 2026 report, which found that unreliable electricity supply has become […]

featured Sport

Cristiano Ronaldo named world’s highest paid athlete for sixth time

Cristiano Ronaldo has extended his dominance at the summit of global sports earnings after being named the world’s highest-paid athlete for a sixth time, including four consecutive years at No. One. According to Forbes on Sunday, the 41-year-old Portuguese forward’s latest ranking places him among the most consistently dominant earners in the history of professional […]

Business

Honeywell Flour Mills reports ₦21.9bn profit before tax

Honeywell Flour Mills Plc has reported a profit before tax of N21.896 billion for the full year ended 31 March 2026, according to its recently filed financial statements on the Nigerian Exchange. This reflects a 3.29 per cent year-on-year increase from N21.199 billion in FY 2025, driven largely by lower cost of sales and net […]

featured Finance

Abuja families spend ₦300,000 monthly on basic healthy diet — Report

The cost of maintaining a healthy diet in Abuja remains significantly high despite signs of moderating food inflation year-on-year. This is according to a market survey conducted by Nairametrics across Orange Market, Nyanya Market and Karu Market in Abuja. The survey found that the average Nigerian adult now spends between N1,500 and N2,000 daily to […]

Electricity featured

Obi pledges 10,000 MW power increase in four years if elected

Peter Obi has pledged to increase Nigeria’s electricity generation and distribution capacity by at least 10,000 megawatts within four years, representing a 250 per cent increase from the country’s current output of about 4,000MW. Obi made the commitment on Saturday, May 30, 2026, while accepting his nomination as the presidential candidate of the Nigerian Democratic […]

Business

First HoldCo assures shareholders of dividend payments resumption by year-end

First HoldCo Group Managing Director and Chief Executive Officer, Wale Oyedeji, has told shareholders that dividend payments are expected to resume at the end of the current financial year. Nairametrics reported that he gave the assurance at the company’s 14th Annual General Meeting, held virtually on Friday. Oyedeji said the group’s strong first-quarter performance and […]

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