Business

ADVAN recognised for advancing marketing practice, societal impact

  • 25th April 2026

International Breweries posts ₦40.31bn pre-tax profit in Q1

  • 25th April 2026
Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC arrests ex-Skye Bank CEO Tunde Ayeni over

  • 25th April 2026

Oil prices hit $105 as US-Iran ceasefire talks

  • 24th April 2026

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ADVAN recognised for advancing marketing practice, societal impact

Business
FG approves Air Peace for direct Nigeria-Brazil flights as strategic aviation routes

Fuel hike: Air Peace cuts Abuja-London flights to three

Aviation featured

International Breweries posts ₦40.31bn pre-tax profit in Q1

Business

United Capital approves ₦18bn total dividend payout for 2025

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Business

Oil output in Gulf states tumbles amid Iran war

Crude oil output across major Gulf Arab exporters fell sharply in March amid the Iran war. Iraq recorded the steepest decline, with production plunging 61 per cent from 4.2 million barrels per day in February to 1.6 million bpd in March, according to OPEC data released Monday. Kuwait and the United Arab Emirates also saw […]

Business

US begins naval blockade of Iran after talks fail

The United States on Monday began enforcing a naval blockade targeting Iranian maritime traffic, sharply escalating tensions in the Gulf just hours after high-level talks between Washington and Tehran in Pakistan ended without agreement. The move, announced by President Donald Trump, followed negotiations in Islamabad that failed to produce a breakthrough despite what participants described […]

Business

PETROAN backs W’Bank fuel import call to boost competition

The Petroleum Products Retail Outlets Owners Association of Nigeria has endorsed the World Bank’s recommendation that Nigeria permit the importation of petroleum products, stating that the move would boost competition and help stabilise prices in the downstream sector. In its Nigeria Development Update report released on April 7, the World Bank urged the country to […]

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Diezani denies taking bribes in UK corruption trial

Former Petroleum Minister, Diezani Alison-Madueke, accused of benefitting from proceeds of corruption in the United Kingdom in exchange for granting government contracts has denied taking bribes. Diezani, 65, told Southwark Crown Court on Monday that she had “tried to push back on corruption” in a country plagued by it since the days it was a […]

NAICOM warns insurers over 2026 recapitalisation deadline
Business

NAICOM workers stage protest over staff welfare concerns

Members of the Association of Senior Civil Servants of Nigeria at the National Insurance Commission staged a peaceful picket to protest what they described as unfair labour practices and the neglect of staff welfare by management. Addressing the demonstration on Monday, Ibrahim Mustapha, chairman of the ASCSN NAICOM unit, accused the commission’s leadership of failing […]

Banking

EFCC warns banks against loans without credible collateral

The Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral, warning that such practices often result in insider abuse and non-performing loans. Olukoyede gave the warning recently when he received the Chief Audit Executive of First Bank Plc, Mufutau Abiola, who led a […]

Niger owes Nigeria N4bn for electricity supply - NERC
Electricity

NERC sets December deadline to slash power transmission losses

The Nigerian Electricity Regulatory Commission has introduced new regulations aimed at reducing electricity transmission losses and improving transparency across the national grid. The commission issued Order No. NERC/2026/026, which establishes a strengthened framework for the reporting and monitoring of Regional Transmission Loss Factors across Nigeria’s electricity transmission network. Data from the Nigerian Independent System Operator […]

Finance

Stock market surges ₦1.36trn on FTSE Russell frontier market upgrade

The Nigerian equities market has turbocharged, adding N1.36 trillion to its market capitalisation within just 72 hours. This rally was ignited by FTSE Russell’s decision to upgrade Nigeria from “Unclassified” back to “Frontier Market” status, a move that effectively restored the nation’s standing on the global investment map within a three-day window following the announcement. […]

Business

International Breweries posts record ₦88.9bn pre-tax profit for 2025

International Breweries Plc has reported a pre-tax profit of N88.9 billion in its 2025 audited financial statements published on the Nigerian Exchange, slightly above the unaudited figure of N85.1 billion. The result marks a strong turnaround from a loss of N111.8 billion in the prior year, driven largely by stronger revenue performance and reduced foreign […]

Food

Food prices surge further in April, worsens cost-of-living crisis

Food prices across Nigeria have tightened further in April 2026, deepening pressure on households already grappling with a high cost of living. Fresh market checks and retail data suggest that the upward trend seen earlier in the year has not only persisted but intensified in key urban centres, particularly Lagos. The price of a 50kg […]

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