Business

African startups raise $102m in lowest month since

  • 3rd August 2026

Otedola targets 51% controlling stake in First HoldCo

  • 3rd August 2026

Nigeria can boost global creative edge via indigenous

  • 3rd August 2026

UK state investment agency faces security review after

  • 3rd August 2026

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Visa expands cybersecurity push with $2.4bn BioCatch acquisition

Tech

NRS mandates tax ID for crypto account activation

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African startups raise $102m in lowest month since 2025

Business

Otedola targets 51% controlling stake in First HoldCo

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Business

Benin Republic offers zero taxes to attract Nigerian manufacturers

The Republic of Benin is pitching sweeping tax exemptions and fast-track company setup to Nigerian manufacturers seeking to cut costs and access regional markets. At the Benin-Nigeria Business Forum in Lagos on Wednesday, Eric Akouche, CEO of Benin’s Agency for the Promotion of Investments and Exports, said the country has deliberately stripped away most of […]

Oil and Gas

Nigeria’s Bonny Light oil price surges amid US threat on Iran

Crude oil prices surged sharply on Thursday as growing fears of a possible United States military strike on Iran raised concerns over potential supply disruptions from the Middle East. This extended gains into a third consecutive session. Nigeria’s Bonny Light crude, the country’s premium grade, traded at about $69 per barrel. This reflected the broader […]

Crude oil
Oil and Gas

Brent crude surges past $70 after Trump’s Iran threat

Brent crude oil topped $70 a barrel Thursday for the first time since September as United States President Donald Trump ramped up geopolitical tensions by threatening military strikes on Iran. In London morning deals the Brent North Sea crude contract, an international benchmark, jumped 2.4 per cent to $70.06 a barrel. The US benchmark West […]

featured News

FCTA workers defy court orders, resume indefinite strike

The workers of the Federal Capital Territory Administration under the Joint Union Action Committee on Thursday resumed the indefinite strike they began on January 19 over unresolved welfare issues. The News Agency of Nigeria reported that only a few workers were seen around the FCTA Secretariats, Departments and Agencies, compared to the massive turnout on […]

Business

Nigeria’s crude oil exports to fall 14% in March – Report

Nigeria’s crude oil exports are expected to drop by around 14 per cent in March, with planned shipments for four major grades falling to approximately 793,000 barrels per day. The estimate is drawn from preliminary crude loading schedules reported by Reuters. The data underscore persistent volatility in Nigeria’s export flows, even as the country continues […]

Air cargo demand rises by 18.4% January - IATA
Aviation

DHL unveils two Boeing 737-400 aircrafts in Lagos, boosts logistics

DHL Aviation has increased its logistics capacity in Nigeria with the unveiling of two fully branded Boeing 737-400 aircraft at Murtala Muhammed International Airport, Lagos. In a statement, the company noted that as part of its ongoing investment in SSA’s logistics infrastructure, the additional air capacity will enhance transit times, improve delivery predictability, and extend […]

Nigeria-China trade hits $23bn - Envoy
Economy

US tariff: UK PM leads race in trade ties with China

Britain’s Keir Starmer is the latest Western leader to heat up trade ties with China in a shift analysts say is driven by US tariff pressure and unease over Donald Trump’s volatile policy playbook. The prime minister’s Beijing visit this week to promote “pragmatic” co-operation comes on the heels of advances from the leaders of […]

Banking

Fitch withdraws ratings on Afreximbank over commercial reasons

Fitch Ratings has withdrawn its ratings on the African Export-Import Bank (Afreximbank) for commercial reasons, saying it will no longer provide ratings or analytical coverage on the Cairo-based multilateral lender. In a statement on Wednesday, the global credit rating agency said the withdrawal follows the termination of its rating relationship with Afreximbank, days after the […]

Scams

EFCC arraigns ex-Benue electoral chairman over alleged ₦1.1bn fraud

The Economic and Financial Crimes Commission has arraigned former chairman of the Benue State Independent Electoral Commission, Tersoo Loko, alongside 10 other defendants over the alleged diversion of N1.1 billion meant for local government elections in the state. The defendants were brought before the federal high court in Makurdi on 30 counts bordering on criminal […]

Business

FG approves two new satellites to boost digital infrastructure

The Federal Government has approved the acquisition of two new communication satellites to strengthen Nigeria’s digital infrastructure and support President Bola Tinubu’s vision of a $1 trillion economy. Minister of Communications and Digital Economy, Mr. Bosun Tijani, announced this on Wednesday in Abuja during a press briefing marking Global Privacy Day 2026, hosted by the […]

featured Oil and Gas

NUPRC opens 50 oil blocks for 2025 bidding round

The Nigerian Upstream Petroleum Regulatory Commission has launched the 2025 licensing round by opening 50 oil and gas blocks across five sedimentary basins for bidding and exploration. The commission has warned that only technically competent and financially strong firms will be permitted to advance in the process. The exercise aims to eliminate speculative participation and […]

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