Business

African Alliance files recapitalisation plan with NAICOM

  • 5th August 2026

US, Iran near deal to reopen Strait of

  • 4th August 2026

ICYMI: Amazon’s market value hits $3trn on AI

  • 4th August 2026

Electricity metering hits 59.69% as DisCos add 349,357

  • 4th August 2026

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Dangote Refinery eyes $5bn IPO to expand Lagos plant

Business

Four in 10 Nigerians remain without reliable electricity grid

Electricity

Unions move to shut down airlines over unpaid ticket

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African Alliance files recapitalisation plan with NAICOM

Business

Blog

Nigeria excluded as Trump hosts African leaders in Washington
Business

EU’s auto industry faces market shock over Trump’s Greenland tariffs

Shares of major European carmakers dropped sharply on Monday morning after United States President Donald Trump announced plans to impose tariffs on several European countries over Greenland. Europe’s Stoxx Automobiles and Parts index was down about two per cent at 8:41 a.m. London time (3:41 a.m. ET). Germany’s Volkswagen, BMW, and Mercedes-Benz Group saw early […]

Business

Mozambican President cancels WEF trip amid deadly floods

Mozambican President Daniel Chapo has canceled his planned trip to the World Economic Forum in Davos following devastating floods in the country that have killed dozens and damaged or destroyed tens of thousands of homes. The National Institute for Disaster Risk Management and Reduction said around 500,000 Mozambicans have been affected by the heavy rains […]

Conferences

Shettima to unveil Nigeria’s economic vision at world economic forum

Vice-President Kashim Shettima will present Nigeria’s 2026 economic outlook at the 56th Annual Meeting of the World Economic Forum in Davos, Switzerland. Mr Stanley Nkwocha, Senior Special Assistant on Media and Communications to the Vice-President, said this in a statement on Sunday. Nkwocha added that Shettima has arrived in Davos to lead the Nigerian delegation […]

Pound falls more than 1% after BoE move
Finance

Naira holds steady against dollar, pound

The Naira maintained a steady position against the United States Dollar in the early hours of Monday, January 19, 2026, as the market opened for the new week. This stability follows a period of consolidation in the foreign exchange market, supported by improved external reserves and recent monetary policy adjustments. At the Nigerian Foreign Exchange […]

Crude oil
Oil and Gas

Nigeria oil output falls 8.3% to 1.544m bpd

The Nigerian Upstream Petroleum Regulatory Commission, the oil and gas industry regulator, said Nigeria’s oil output, including condensate, dropped by 8.3 percent year-on-year to 1.544 million bpd in December 2025 from 1.684 million recorded in the corresponding period of 2024. The Commission did not provide reasons in its report released yesterday, but there were indications […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
News

FG denies owning gold refinery in Lagos

The Federal Ministry of Solid Minerals Development has dismissed claims by the Northern Elders Forum that the Federal Government sited a gold refinery in Lagos in violation of the federal character principle. It said the allegations contained in a statement signed by the Northern Elders Forum spokesperson, Prof. Abubakar Jiddere, were not true and misleading. […]

Finance

Budget office debunks N246bn NEDC salaries claim

The Budget Office of the Federation has dismissed claims that the North East Development Commission runs a N246.77 billion salaries budget. It described the narrative as false and misleading. The Budget Office stated that the N246.77 billion assigned to the NEDC is a consolidated statutory provision shown at an overall level under the Medium-Term Expenditure […]

featured Opinion

How Onitsha-based trader fueled US airstrikes in Nigeria — Report

The United States conducted airstrikes in Nigeria, relying on intelligence influenced by reports from Emeka Umeagbalasi, a screwdriver trader and small NGO operator based in Onitsha, Anambra State, according to a New York Times investigation. The investigation identifies Emeka Umeagbalasi as a key source whose unverified claims about Christian genocide in Nigeria were referenced by […]

EU rules out fee for tech giants under digital markets act
Business

EU considers €93 retaliatory tariffs against US over Greenland dispute

The European Union is reportedly weighing tariffs totaling 93 billion euros (approximately $107.68 billion) or measures to limit American companies’ access to its market, in retaliation to United States President Donald Trump’s tariff threats over Greenland. Officials involved in the preparations said that the EU is drafting retaliatory measures to strengthen its negotiating position ahead […]

Transportation

Deadly train crash in Southern Spain kills at least 21

At least 21 people have died and dozens more were injured in a train collision in southern Spain, with authorities warning the death toll could rise in the country’s deadliest rail accident in over a decade. A Madrid-bound train derailed and crossed onto the opposite track, colliding with an oncoming train in Adamuz, near Córdoba. […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Business

NCC pushes satellite D2D connectivity to close coverage gaps

The Nigerian Communications Commission is advocating for the adoption of Satellite Direct-to-Device connectivity to address persistent coverage gaps affecting an estimated 23.3 million Nigerians who remain underserved by mobile networks. In a consultation paper published on its website, the regulator highlighted the key reasons for embracing satellite-enabled direct mobile connectivity. The paper indicates that the […]

Business

FG, Abu Dhabi sign MoU on ports, maritime collaboration

The Federal Ministry of Marine and Blue Economy has entered into a landmark Memorandum of Understanding with Abu Dhabi Ports Group to pursue strategic cooperation in ports development, maritime logistics, and digital solutions. The Deputy Director and Head of Public Relations at the Nigerian Maritime Administration and Safety Agency, Osagie Edward disclosed this in a […]

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