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African startups raise $102m in lowest month since

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Otedola targets 51% controlling stake in First HoldCo

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Nigeria can boost global creative edge via indigenous

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UK state investment agency faces security review after

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African startups raise $102m in lowest month since 2025

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Otedola targets 51% controlling stake in First HoldCo

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Fake agency DG fingers other MDAs in agency creation

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Nigeria can boost global creative edge via indigenous storytelling

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featured News

Fire guts parts of Ibadan OPay office

Parts of an OPay office located along the bustling Akala Expressway in Ibadan, Oyo State, were gutted by fire on Tuesday. The incident destroyed property estimated at millions of naira. It sparked widespread panic among residents, motorists, and operators of nearby businesses. The blaze erupted in the afternoon. Thick smoke and flames billowed from sections […]

featured News

NAHCON chairman professor Abdullahi Usman resigns amid petition

The Chairman of the National Hajj Commission of Nigeria, Professor Abdullahi Usman, has resigned from his position. His Technical Assistant on Media, Ahmad Mu’azu, confirmed the development to The PUNCH on Tuesday but said the exact circumstances were still unclear. “Yes, he has resigned, but I am still waiting for him to communicate his reasons, […]

featured World

Nigeria ranked 36th most corrupt country globally

Transparency International has ranked Nigeria as the 36th most corrupt country in the world in its 2025 Corruption Perceptions Index, maintaining the same position it held in 2024. The country, however, slid in overall ranking—from 140th out of 182 countries in 2024 to 142nd in 2025, where 1 represents the cleanest country and 182 the […]

News

Fire guts 10 shops at Ogunpa market in Ibadan

No fewer than 10 shops were destroyed by fire at the Iya Maryam Adebara Complex in the Ogunpa Market area of Ibadan, Oyo State, on Monday night. The Chairman of the Oyo State Fire Services Agency, Moroof Akinwande, confirmed the incident in a statement issued on Tuesday. He said the agency received an emergency call […]

CAC registers 330,000 small enterprises
Business

CAC offers free registration to 3,500 small businesses nationwide

The Corporate Affairs Commission has announced free business name registration for 3,500 small businesses across Nigeria’s 36 states and the Federal Capital Territory. The Registrar-General of the Commission, Hussaini Magaji, disclosed this in a post on the commission’s X handle on Monday. He said the initiative aims to reduce the cost of business formalization for […]

Maritime

NIMASA announces cabotage vessel funding disbursement in Q2 2026

The Nigerian Maritime Administration and Safety Agency has said the long-awaited Cabotage Vessel Financing Fund will be disbursed in the coming months, with rollout expected in the second quarter of 2026. Director General of NIMASA, Dr. Dayo Mobereola, represented by Mrs. Nneka Obianyor, Director of Reforms Coordination and Blue Economy, disclosed this during a panel […]

Eko DisCo to begin on mass metering
Electricity

Kaduna DisCo, NDPHC seal deal for better electricity supply

The Chairman of Kaduna Electricity Distribution Company, Mr. Aminu Suleiman, and the Managing Director of Niger Delta Power Holding Company, Engr. Jennifer Adighije, have agreed to a sustainable collaboration that would translate into tangible improvements in electricity generation and distribution efficiency in KAEDECO areas of operation. The collaboration was agreed upon when Suleiman along with […]

Business

UAC Nigeria revenue surges 74% to ₦343bn in 2025

2025UAC of Nigeria Plc has announced its unaudited financial results for the fourth quarter and year ended 31 December 2025, recording a 74 per cent increase in revenue to N343.4 billion from N196.9 billion in the corresponding period 2024 following the successful completion of its transformational acquisition of C.H.I. Limited alongside continued contributions from the […]

Banking

NDIC reimburses defunct bank depositors within 72 hours

The Nigeria Deposit Insurance Corporation said it has settled or reimbursed depositors of defunct banks within 72 hours of their closure. The affected banks include Heritage Bank Limited, Union Homes Plc and Aso Savings and Loans Plc. Speaking during a one day stakeholders meeting held in Kano, the NDIC Executive Director, Corporate Services, Emily Osuji, […]

Electricity

NMDPRA boss links electricity woes to poor gas-to-power deals

The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Engr. Saidu Mohammed, has attributed Nigeria’s persistent electricity supply problems to weak commercial arrangements in the gas-to-power segment. According to Vanguard, he stated that the issue is not due to a shortage of gas resources or insufficient generation capacity. Mohammed pointed out that […]

How open drug market threatens pharma sector – Expert
Helth

ICYMI: NAFDAC seizes over 10m fake drugs in Lagos warehouses

The National Agency for Food and Drug Administration and Control on Monday uncovered what it described as one of the worst counterfeit medicine operations in recent years. The agency seized over 10 million doses of fake and banned drugs concealed inside warehouses in Lagos State. According to Vanguard, NAFDAC’s Director of Investigation and Enforcement and […]

How FG can boost Nigeria's digital growth - Analyst
Telecommunications

CBN, NCC propose 30-minute refund for failed transactions

The Central Bank of Nigeria and the Nigerian Communications Commission have jointly proposed a strict 30-minute timeline for refunding subscribers in cases of failed airtime and data purchase transactions. This proposal forms part of the “Exposure Draft of the Joint CBN–NCC Framework for Resolution of Failed Airtime and Data Purchase Transactions” released on Monday. The […]

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