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Tinubu appoints Ibrahim Ida as CAC chairman

President Bola Ahmed Tinubu has appointed Dr. Ibrahim M. Ida as Chairman of the Corporate Affairs Commission and nominated seven individuals to serve as commissioners of the National Population Commission. This was disclosed in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Monday. The statement also noted […]

Business

FG unveils report to boost MSME access to $3.5tn AfCFTA market

The Federal Government of Nigeria has unveiled a report titled “Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA”, designed to help Micro, Small, and Medium Enterprises tap into the $3.5 trillion African Continental Free Trade Area market. According to a statement by Stanley Nkwocha, Senior Special Assistant to the President on Media & […]

Business

12 tonnes of KitKat chocolates stolen in Italy 

Thieves have stolen more than 400,000 KitKat chocolate bars, weighing about 12 tonnes, from a truck in Europe. The chocolates, produced by Swiss company Nestlé, were taken while the vehicle was transporting them along a route from a factory in central Italy to Poland, according to a statement from KitKat. “The vehicle and its contents […]

Business

Mutual Benefits pays ₦4.2bn insurance claims in February 2026

Mutual Benefits Assurance Plc, a leading player in Nigeria’s insurance industry, has paid a total of N4.2 billion in claims to policyholders in February 2026, reaffirming its commitment to delivering on its promises and supporting customers in times of need. The payout reflects the company’s continued focus on claims settlement as a core pillar of […]

Transportation

Suzuki announces slash in vehicle prices nationwide

Suzuki has announced a nationwide price reduction across its vehicle lineup, reinforcing its commitment to delivering value and fuel-efficient mobility to Nigerian drivers. The limited-time offer applies to all Suzuki models, with customers able to enjoy enhanced affordability without compromising on performance, reliability and efficiency. As part of the campaign, Suzuki is also offering one […]

Oil and Gas

Nigeria’s oil, gas investment tripled in Nigeria 2025 — NBS

Nigeria’s oil and gas sector recorded a significant boost in investor interest last year as capital inflows jumped sharply. According to the latest capital importation report released by the National Bureau of Statistics, Nigeria’s oil and gas industry attracted $17.98 million in capital inflows in 2025, a sharp increase from the $5.12 million recorded in […]

featured Food

Fuel price surge hikes food costs in Lagos markets — Report

Food prices across major Lagos markets surged in March 2026 as rising petrol costs drove up transportation and logistics expenses, triggering widespread increases in staple commodities. This is according to a Nairametrics Research physical market survey tracking 68 food items across Mushin, Daleko, Mile 12, and Oyingbo markets. The data shows a sharp reversal from […]

US senators demand Meta probe over chatbot child safety concerns
Tech

Meta’s stock slides amid disappointing legal, AI concerns

Meta Platforms started the year as the standout Big Tech stock, but concerns over legal risks and heavy AI investments have surfaced, leading to last week’s 11 per cent drop. Shares of the parent company of Facebook and Instagram have fallen 19 per cent this month, on track for their worst monthly performance since October […]

Tech

UK fines Apple £390,000 over Russian streaming payments

The UK government has imposed a £390,000 fine on an Apple subsidiary for violating sanctions against Moscow through payments made to a Russian streaming service. Apple Distribution International, headquartered in the Republic of Ireland, directed a UK-based bank to process two payments to a company owned by a sanctioned Russian entity. The payments, totalling more […]

featured Oil and Gas

US-Israel-Iran war pushes oil prices to $117/barrel

Israel and Iran exchanged fresh missile strikes on Monday, driving oil prices sharply higher and fueling fears that the United States could escalate the conflict with potential ground raids on Iran’s Gulf islands. Iran retaliated with new attacks on a water desalination plant in Kuwait after domestic electrical facilities were hit over the weekend, leaving […]

featured News

Trump threatens to seize Iran’s oil fields amid tensions

United States President Donald Trump has said the US could move to seize Iran’s oil resources, including the key export terminal at Kharg Island, as tensions between the US, Iran and Israel continue to escalate. In an interview with the Financial Times on Sunday, Trump compared the possible move to Washington’s stance in Venezuela, where […]