Business

Tony Elumelu named Seplat chairman in major leadership

  • 9th June 2026

OpenAI files for IPO as AI firms race

  • 9th June 2026

Nigeria’s transmission grid not limiting electricity supply –

  • 9th June 2026

US judge blocks Trump’s $100,000 H-1B visa fee

  • 8th June 2026

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Nigeria’s economy stronger but poverty worsened, IMF warns

Economy

Africa loses billions to corruption, recovers little, Kenyan envoy

Economy

Tony Elumelu named Seplat chairman in major leadership shakeup

Business

Tinubu approves ₦10bn to tackle Ebola threat in Nigeria

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Blog

featured Transportation

Emergency teams deployed as Warri-Itakpe train suffers major accident

The Nigerian Railway Corporation has confirmed that a serious accident involving the Warri-Itakpe Train Service occurred on Monday, June 8, prompting an emergency response operation and renewed concerns over rail safety along one of Nigeria’s busiest standard-gauge corridors. The confirmation was contained in an official statement issued by the Managing Director and Chief Executive Officer […]

featured Oil and Gas

Petrol imports crash by 96% as Dangote Refinery boosts supply

Nigeria’s spending on the importation of Premium Motor Spirit, popularly known as petrol, plunged by over 96 per cent in the first quarter of 2026, marking a dramatic shift in the country’s fuel supply landscape and signaling the growing impact of local refining capacity. Latest foreign trade statistics released by the National Bureau of Statistics […]

featured Travel

Nigerians spent ₦50bn on US visas in two years despite fewer approvals

Nigerians spent more than N50bn on United States visa applications between 2023 and 2024, despite a sharp decline in approvals as Washington tightened immigration controls and increased scrutiny of applicants. An analysis of the Intelpoint report, using data from the US Department of State, shows that 201,200 non-immigrant visas were issued to Nigerians between 2023 […]

featured Policy and Regulations

FG gives HR officers one year to get certification

The Federal Government has given civil servants performing human resource functions across ministries, departments and agencies a one-year deadline to obtain approved professional certifications as part of efforts to professionalise human resource management in the Federal Civil Service. An exclusive circular obtained by The PUNCH from the Office of the Head of the Civil Service […]

Business

US judge blocks Trump’s $100,000 H-1B visa fee plan

A United States federal judge has blocked President Donald Trump’s attempt to impose a $100,000 fee on employers seeking to hire foreign workers for specialized positions, ruling that the measure amounted to an unauthorized tax that required approval from Congress. U.S. District Judge Richard Stearns found that the fee, introduced under a September 2025 presidential […]

Tech

UK orders Apple, Google to strengthen child safety filters

United Kingdom Prime Minister Keir Starmer has given Apple and Google until September to introduce software that blocks explicit images on children’s mobile devices or face legislation compelling them to do so. Under the proposal, technology companies would be required to enable nudity-detection systems or similar safeguards on smartphones and tablets to prevent users from […]

Policy and Regulations

FCCPC seals PWAN MAX office over unallocated land complaints

The Federal Competition and Consumer Protection Commission has sealed the Lagos office of PWAN MAX Property and Business Solutions Ltd. The commission’s action is over alleged non-compliance with regulatory directives arising from consumer complaints involving unallocated plots of land, according to the News Agency of Nigeria. The enforcement action, carried out on Monday, followed the […]

Business

Manufacturers reject new beverage tax, warn of business strain

Major business groups and manufacturers in Nigeria have voiced strong opposition to the proposed Customs and Excise Tariff (Amendment) Bill 2025, warning that the legislation could worsen the country’s already challenging business environment if eventually passed into law. The opposition comes as the bill advances through the National Assembly and seeks to replace the current […]

Banking

FCMB profit jumps 80% to ₦202bn in 2025

FCMB Group Plc reported a profit before tax of N202.100 billion for the year ended 31 December 2025, according to its audited financial statements just released. This represents an 80.61 per cent year-on-year increase from N111.895 billion recorded in 2024, driven by a sharp expansion in interest income and net interest income. Profit after tax […]

Telecommunications

Telecom sector attracts $75bn, needs infrastructure push, says WATRA

The Executive Secretary of the West Africa Telecommunications Regulators Assembly, Aliyu Yusuf Aboki, has urged Nigeria to build on the gains of its telecommunications reforms by focusing on economy-wide digital transformation as the next phase of development. Aboki made the call while speaking at the Policy Review Workshop on the National Telecommunications Policy 2000 organised […]

Oil and Gas

Nigeria’s trade surplus hits ₦7.55trn on oil export boom

Nigeria’s merchandise trade surplus surged to N7.55 trillion in the first quarter of 2026, representing a 340.88 per cent increase from the N1.71 trillion recorded in the preceding quarter, driven by stronger crude oil exports and a sharp decline in import spending. New data released by the National Bureau of Statistics showed that total merchandise […]

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