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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Fitch Ratings has withdrawn its ratings on the African Export-Import Bank (Afreximbank) for commercial reasons, saying it will no longer provide ratings or analytical coverage on the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 […]

featured Scams

How Alison-Madueke spent £2m NNPCL contract bribe in UK luxury store

British prosecutors on Wednesday told a London court that former Nigerian Minister of Petroleum Resources, Diezani Alison-Madueke, lavished more than £2m (N4bn) at Harrods, allegedly using funds provided by oil executives who benefited from lucrative contracts with the Nigerian National Petroleum Company Limited. According to The PUNCH, the prosecution said founders of energy companies awarded […]

Business

PenCom approves 1,173% pension increase for NSITF retirees

The National Pension Commission has approved a 1,173 per cent increase in pensions for retirees under the Nigeria Social Insurance Trust Fund, ending a 21-year freeze that eroded beneficiaries’ incomes due to inflation. PenCom’s Director-General, Omolola Oloworaran, disclosed the approval in a statement on Wednesday. The adjustment affects 2,116 retirees, raising total monthly pension payments […]

featured Oil and Gas

Nigeria earned ₦55.5tn from crude oil sales in 2025 — NUPRC

Nigeria earned an average of N55.5tn from crude oil sales in 2025, according to an analysis of official production figures from the Nigerian Upstream Petroleum Regulatory Commission and crude price data from the Central Bank of Nigeria. This 2025 figure represents an increase compared to the N50.88tn earned in 2024. NUPRC data show that Nigeria […]

Business

Only qualified bidders will advance in 2025 licensing round – NUPRC

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Oritsemeyiwa Eyesan, has said that only bidders with strong technical and financial capacity, proven professionalism, and credible development plans will qualify in the 2025 petroleum licensing round. Eyesan made this disclosure on Wednesday at the 2025 licensing round pre-bid webinar. “So as we move […]

Aviation

British Airways plane loses wheel after take-off in US

A British Airways flight bound for London lost a wheel shortly after taking off from United States on Monday evening. The aircraft, operating as Flight BA274 from Harry Reid International Airport, Las Vegas, to Heathrow, appeared to shed a rear landing gear wheel moments after departure. Footage captured on a Flightradar livestream shows an object […]

News

Lagos business mogul Otunba Adekunle Ojora dies at 93

The Ojora family of Lagos has announced the passing of their patriarch, Otunba Adekunle Ojora, the Olori Omo Oba of Lagos, who died early Wednesday morning at the age of 93. The family stated that he will be buried in Lagos according to Islamic rites. They called on members of the public to pray for […]

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