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African Alliance files recapitalisation plan with NAICOM

  • 5th August 2026

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  • 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

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Four in 10 Nigerians remain without reliable electricity grid

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African Alliance files recapitalisation plan with NAICOM

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Shettima leads Nigeria’s delegation at 2026 world economic forum

Vice President Kashim Shettima has arrived in Davos, Switzerland. He is leading Nigeria’s delegation at the 56th Annual Meeting of the World Economic Forum. The forum brings together global political and business leaders. It will hold from January 19 to 23, 2026. Shettima arrived from Conakry, Guinea. There, he represented President Bola Tinubu at the […]

Trump Media to raise $2.5bn for bitcoin investment
Economy featured

European leaders unite against Trump’s Greenland tariff threat

European leaders on Sunday strongly criticised United States President Donald Trump’s threat to impose tariffs on several countries because of their opposition to his desire to acquire Greenland. Several European nations, including Denmark which holds sovereignty over Greenland as an autonomous territory, declared that they “stand united” against Trump’s demand. “Tariff threats undermine transatlantic relations […]

Electricity

AEDC adopts holding company structure to strengthen operations

Abuja Electricity Distribution Plc has announced its transformation into a Holding Company, a strategic move designed to boost its effectiveness in Nigeria’s evolving electricity market and the newly decentralised regulatory framework. In a statement on Sunday, the company said the restructuring follows the Electricity Act of 2023, which grants state governments the authority to establish […]

Why Nigerian insurance is one of the lowest globally - CPPE
Business

CPPE raises concerns over credibility of revised inflation data

The Centre for the Promotion of Private Enterprise has cautioned that recent adjustments to Nigeria’s Consumer Price Index methodology could have introduced credibility concerns, potentially weakening confidence in the country’s official inflation figures. The warning was contained in a policy brief signed by CPPE’s Chief Executive Officer, Dr. Muda Yusuf, on Sunday. According to the […]

Musk to resign from Trump govt amid backlash, Tesla shares crash
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Elon Musk’s wealth nears $800bn after xAI surge

Elon Musk’s wealth has climbed toward $800 billion after a fresh funding round. The deal sharply revalued his artificial intelligence and social media venture, xAI Holdings. This is according to reports by Forbes, which tracks the net worth of billionaires. Private investors recently valued the company at $250 billion. That figure is more than double […]

Business

Nigeria tops global BRI construction with $24.6bn China deal

The Ogidigben Gas Revolution Industrial Park in Delta State has emerged as the largest single recipient of construction contracts under China’s Belt and Road Initiative in 2025. This is according to a new report by Christoph Nedopil, a China energy expert at Griffith University. The project, which is one of Nigeria’s most ambitious gas-based industrial […]

Electricity

AEDC reconnects FCT water board after public outcry

The Abuja Electricity Distribution Plc has acknowledged the concerns and spirited appeals from residents of the Federal Capital Territory following the disruption to the water supply arising from the recent disconnection of electricity to the FCT Water Board over an unpaid electricity bill. AEDC wishes to clarify that the disconnection followed the accumulation of over […]

Business

NGX market valuation surges to ₦217.749tn in mid-January

The Nigerian Exchange closed mid-January 2026 with a total capital market valuation exceeding N66.851 trillion in gains, representing a 44.3 per cent increase, and settling at N217.749 trillion. This information comes from the latest data released by the Nigerian Exchange (NGX) Limited at the close of business on Friday, January 16. The NGX market capitalization, […]

Business

Ogidigben gas industrial park emerges top BRI project in 2025

The Ogidigben Gas Revolution Industrial Park in Delta State has become the largest single beneficiary of construction contracts awarded under China’s Belt and Road Initiative in 2025. This was revealed in a new report by Christoph Nedopil, a China energy expert at Griffith University. The project, one of Nigeria’s most ambitious gas-based industrial developments, has […]

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Property worth ₦900m saved as fire hits Abuja plaza

A fire incident has gutted part of Leventis Plaza in Abuja on Sunday. The blaze affected a tailoring workshop located on the first floor of the commercial complex. The Federal Fire Service said the fire was suspected to have been caused by an electrical surge. A statement on Sunday by the service spokesperson, Paul Abraham, […]

FG terminates Benin–Warri road contract over abandonment
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FG bans mining activities near bridges nationwide

The Federal Government has announced a ban on all forms of mining activities within a 10-kilometre radius of bridges across the country, as part of measures to protect critical infrastructure and enhance public safety. The Minister of Works, Senator David Umahi, disclosed this during a press briefing in Enugu at the weekend, following an inspection […]

Business

NGX market surges to ₦217.75tn in mid-January 2026

The Nigerian Exchange ended mid-January 2026 with a total capital market valuation of over ₦217.749 trillion, representing a 44.3 per cent increase. According to data released by Nigerian Exchange Limited at the close of trading on Friday, January 16, the market capitalization, covering equities, bonds, and ETFs, rose from ₦150.898 trillion as of December 31, […]

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