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Naira stabilises as reserves hit 13-year high

The Naira maintained stability against the United States Dollar on Thursday, February 26, 2026, following the Central Bank of Nigeria’s shift into a “stabilization phase.” This development came after the Monetary Policy Committee meeting earlier in the week. The currency traded within a consolidated range, bolstered by foreign reserves reaching a 13-year high. In the […]

Mali, Burkina Faso, Niger impose 0.5% levy on ECOWAS imports
News

ECOWAS, AfDB induct board for Abidjan-Lagos highway

The Economic Community of West African States and the African Development Bank Group hosted a two-day orientation and information session in Abidjan to onboard the 10-member Board of Directors of the Abidjan-Lagos Corridor Management Authority. Held on 19–20 February 2026, the session is part of the Authority’s operational rollout following the board’s official swearing-in in […]

Aviation

FG resolves Enugu airport industrial dispute

The looming industrial crisis over the concession of Akanu Ibiam International Airport in Enugu was averted on Wednesday after aviation unions and the concessionaire reached an agreement that guarantees workers’ job security. The breakthrough came after the intervention of the Minister of Aviation and Aerospace Development, Festus Keyamo, during a meeting held at his office […]

Aviation

NAMA forced to use backup systems after Lagos airport fire

The Managing Director of the Nigerian Airspace Management Agency, Farouk Umar, disclosed that a fire at Terminal 1 of Murtala Muhammed International Airport, Lagos, on Monday destroyed key air-to-ground communication equipment, forcing air traffic controllers to operate solely on emergency backup systems to maintain flight operations. Umar made the disclosure while evaluating the incident’s impact, […]

Business

KPMG names Tola Adeyemi CEO for Africa, strengthens governance council

KPMG has appointed Tola Adeyemi as Chief Executive Officer for KPMG in Africa, with Professor Olayinka David-West and George Njenga joining as independent members of the Africa Governance Council. Effective March 2026, these appointments bolster the firm’s leadership capabilities, reinforce its long-term commitment to the continent, and signal confidence in Africa’s growth prospects. In a […]

North Korean hackers breaks into US crypto firm
Tech

Google halts global Chinese-linked cyber espionage operation

Google said on Wednesday that it disrupted a Chinese-linked hacking group responsible for breaching at least 53 organisations in 42 countries. The group, identified as UNC2814 and Gallium, has spent nearly a decade targeting government bodies and telecommunications firms, the company told Reuters. The chief analyst of Google Threat Intelligence Group, John Hultquist, said, “This […]

LIRS sets January 31st deadline for filing tax returns
Business

LIRS sets March 31 deadline for 2026 annual tax returns

The Lagos State Internal Revenue Service has urged individual taxpayers in Lagos to submit their annual tax returns for the 2026 year of assessment on or before March 31, 2026. In a statement issued Wednesday, Monsurat Amasa-Oyelude, LIRS head of corporate communications, said the requirement covers all taxable persons, including self-employed individuals, business owners, professionals, […]

Aviation

NAMA loses major equipment to Lagos airport fire incident

The Nigerian Airspace Management Agency disclosed on Wednesday that the fire which engulfed the Old Terminal of the Murtala Muhammed International Airport on Monday completely destroyed its equipment used for air-to-ground communications. Managing Director of NAMA, Umar Farouk, however, said backup systems had been deployed to the airport to sustain operations in Lagos. Addressing newsmen […]

News

Cross River groups demand forestry law review to curb deforestation

Civil Society Organisations and relevant stakeholders in the forestry sector have called for the review of Cross River Forestry Commission Laws to address crimes, deforestation and promote reforestation. Addressing newsmen on Wednesday in Calabar, the Cross River State capital, the Executive Director of “We The People,” Ken Henshaw, while highlighting the importance of upgrading the […]

Naira closes week stronger at N1,534.72/$ 
Finance

Naira strengthens to ₦1,390/$ in parallel market after rate cut

The naira regained strength in the parallel market on Wednesday following the Central Bank of Nigeria’s decision to reduce its benchmark Monetary Policy Rate by 50 basis points. Data from foreign exchange street traders indicated that the naira appreciated by N10, with the United States dollar quoted at N1,390 on Wednesday morning. This marked a […]

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