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Petrol stations risk licence revocation over under-dispensing –

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Electricity

Elektron Energy unveils 40MW power project for Lagos community

Elektron Energy, a developer and operator of embedded power infrastructure, has unveiled its Victoria Island Power project, a 40-megawatt embedded power network designed to deliver dedicated and more dependable electricity supply to businesses operating within one of Lagos’ upscale commercial districts. The company recently opened the project to customers and business leaders at its Victoria […]

Electricity

TCN declares force majeure after Kainji-Kebbi tower collapse

The Transmission Company of Nigeria has declared force majeure on the 330kV Kainji-Birnin Kebbi transmission line following the collapse of a transmission tower situated along the corridor. TCN, in a statement issued on Tuesday, disclosed that the line tripped at 10:44 p.m. on Monday, September 7, 2026. The company said a trial re-closure was attempted […]

Aviation

UK flights thrown into chaos after air traffic glitch

More than 1,000 flights were called off at airports throughout the United Kingdom after a technical breakdown struck a NATS air traffic control facility, throwing flight operations into disarray and affecting thousands of passengers. Flight tracking platform Flightradar24 disclosed that approximately 1,300 flights to and from UK airports were cancelled on Tuesday, with a further […]

Economy

Economic gains must reach ordinary Nigerians — CIBN

Nigeria’s improving macroeconomic indicators will count for little unless they translate into lower living costs, more jobs, higher incomes and better living standards for citizens, the President and Chairman of Council of the Chartered Institute of Bankers of Nigeria, Dr. Dele Alabi, has stated. Vanguard reported that Alabi made this known on Tuesday at the […]

featured Finance

Naira trades at ₦1,321/$ in official FX market

The naira is currently exchanging at approximately ₦1,321.37 to the United States dollar based on the latest available official market figures, while parallel-market quotations place the dollar between ₦1,385 and ₦1,410, depending on the source consulted and the side of the transaction involved. The Central Bank of Nigeria’s NFEM table, however, lists September 4 as […]

featured Oil and Gas

Petrol pump prices stay high despite sharp fall in depot rates

Fuel prices at filling stations across Nigeria remain stubbornly high even as depot prices have dropped considerably, stirring renewed concerns about profiteering between wholesale loading points and retail outlets. The latest mid-day depot price report for Tuesday, September 8, 2026, indicated that Premium Motor Spirit, popularly known as petrol, was selling for between N1,266 and […]

featured Investment

RMAFC woos Chinese investors to boost oil, gas revenue

The Revenue Mobilisation Allocation and Fiscal Commission has begun talks with major stakeholders as part of a broader push to draw more Chinese capital into Nigeria’s oil and gas industry and grow earnings flowing into the Federation Account. Vanguard reported that in a statement issued by the Head of the Commission’s Information and Public Relations […]

Tech

Meta launches Muse AI agent as industry faces growing skepticism

Meta on Tuesday unveiled its AI personal agent app, offering it to a select group of users under a paid model as the company and the wider artificial intelligence industry face growing scrutiny and skepticism. The app, internally known as Hatch, is powered by Meta’s Muse Spark family of foundation models, which Meta AI chief […]

Business

Nigeria lures Austrian investors with 20% dollar returns

The Federal Government has assured Austrian investors that businesses operating in Nigeria are generating returns of more than 20 per cent in dollar terms, as it steps up efforts to attract foreign capital into the country. The Minister of Budget and Economic Planning, Abubakar Bagudu, made the disclosure while wooing investors at the GPF Global […]

Business

ECOWAS moves to fast rack ECO currency launch

The Economic Community of West African States has directed its Commission to immediately convene a meeting of the President’s Task Force to accelerate efforts towards the launch of the ECO, the regional bloc’s proposed single currency. ECOWAS disclosed this in a statement posted on its official X account on Tuesday, following the 14th Session of […]

Business

FG plans Vienna stock exchange bond to fund key Nigerian sectors

The Federal Government has announced plans to issue a bond on the Vienna Stock Exchange to raise funds for investments in critical sectors of the Nigerian economy. The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, disclosed this on Tuesday in a video address to the GPF Global Vienna Meeting in Vienna, Austria. According […]

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CBN moves to prevent terrorism financing via banks

The Central Bank of Nigeria has strengthened its supervisory oversight of terrorism financing risks within the financial sector as part of efforts to prevent financial institutions from being exploited by illicit actors. The apex bank disclosed this in a press statement issued on Tuesday and signed by its Acting Director of Corporate Communications and Investor […]

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