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UK expands work visa sponsors for Nigerians

UK unveils major visa overhaul to cut legal

  • 11th May 2025

BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
Disney, Warner Bros to launch joint streaming bundle

Disney beats Q2 expectations with strong Disney+ subscriber

  • 7th May 2025

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Apple expands emergency satellite features to iPhone 13 update

Apple expands emergency satellite features to iPhone 13 update

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Spotify adds voice commands to AI DJ feature

Spotify adds voice commands to AI DJ feature

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Kenya to ban cashless-only payments for small transactions

Kenya to ban cashless-only payments for small transactions

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Nigerian telecom users may pay higher charges in new tax law

Nigerian telecom users may pay higher charges in new

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Nigeria needs budget reforms to sustain economic momentum — Musa

Senator Mohammed Sani Musa, Chairman of Nigeria’s Senate Committee on Finance, has urged swift budgetary reforms to tackle Nigeria’s pressing social and economic challenges. Speaking on the sidelines of the Investors’ Forum during the World Bank and IMF Spring Meetings, Musa emphasized the need for a fiscal overhaul to address the nation’s evolving needs. Representing […]

OmniRetail secures $20m Series A funding to accelerate African expansion
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OmniRetail secures $20m Series A funding to accelerate African expansion

African B2B e-commerce platform OmniRetail has raised $20 million in Series A equity funding, a major step in its plan to scale operations across Nigeria, Ghana, and Ivory Coast, and deepen its focus on embedded financial products for informal retailers. The round was co-led by Norwegian development finance institution Norfund and Lagos-based Timon Capital, with […]

News

Nigeria begins activation of $1.1b green imperative project

The Presidential Food Systems Coordination Unit announced that implementation structures for the $1.1 billion Green Imperative Project are now being activated across Nigeria. This development follows the Unit’s 5th Steering Committee (STEERCO) meeting held recently in Abuja. six regional offices are being finalized to help onboard 774 mid-sized commercial farms and to set up six […]

Banking

UBA plans ambitious expansion to over 100 countries

United Bank for Africa Plc announced a bold strategic vision to expand its operations to more than 100 countries and grow its customer base to over one billion within the next 75 years. This announcement was made during the bank’s 75th anniversary gala dinner in Abuja on Saturday, attended by Vice President Kashim Shettima, senior […]

Business

PenCom targets power firms in crackdown on pension non-compliance

The National Pension Commission is escalating its efforts to recover billions of naira in unpaid pension contributions from electricity generation and distribution companies, signaling a crackdown on non-compliance in the power sector. In a statement on Sunday, PenCom Director-General, Omolola Oloworaran recently led a delegation to the Nigerian Electricity Regulatory Commission, urging the regulator to […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote refinery denies reports of petrol processing unit shutdown

Dangote Petroleum Refinery, located in Lekki, Lagos State, has dismissed reports suggesting a shutdown of its petrol processing unit for maintenance. The clarification follows a Bloomberg story claiming that the refinery’s gasoline-making unit was undergoing repairs, necessitating a temporary halt in operations. A senior spokesperson for the company, categorically denied the claims, stating, “Loading of […]

Toyota suffers sixth straight monthly production decline
Business

Toyota explores $42b investment for potential buyout of parts supplier

Toyota Motor Corp announced on Saturday that it is evaluating various options, including a partial investment, for a potential buyout of Toyota Industries Corp, a major parts supplier. This follows reports of a $42 billion deal that could significantly reshape the company’s corporate structure. In a filing with the Tokyo Stock Exchange, Toyota confirmed it […]

NNPCL reports N2.69trn in tax expenses for 2023
Business

NNPC Gas to acquire 5.2 million SCFD CNG facility

NNPC Gas Marketing Limited, a subsidiary of the Nigerian National Petroleum Company Limited is making a strategic move to expand Nigeria’s Compressed Natural Gas infrastructure by acquiring a 5.2 million standard cubic feet per day CNG compression and refueling facility from Gas Network Services Limited. A recent merger and acquisition notice from the Federal Competition […]

News

NACCIMA urges FG to take action urgent against rising poverty

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has called on the Federal Government to take urgent and decisive action to combat the escalating poverty crisis in Nigeria. This appeal follows the World Bank’s April 2025 Africa’s Pulse report, which revealed that Nigeria accounts for 19% of the extremely poor population in […]

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