Business

NAICOM revokes Nigeria Reinsurance licence over capital requirement

  • 6th August 2026

MEMAN backs cassava ethanol blending to cut petrol

  • 6th August 2026

Fake agency DG opposes closed-door house questioning, seeks

  • 6th August 2026

Osun to sue EFFC over frozen account

  • 5th August 2026

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Ex-finance minister Kemi Adeosun loses husband at 62

featured News

Naira stable at ₦1,362/$ in official FX market

Finance

NAICOM revokes Nigeria Reinsurance licence over capital requirement breach

Business

REA hits 60.82MW milestone with new Yobe solar projects

Electricity featured

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Business

Italian fashion legend Valentino Garavani dies at 93

Italian fashion icon Valentino Garavani, celebrated for his timeless evening gowns worn by some of the world’s most glamorous women, has died at the age of 93, his foundation announced. “He peacefully passed away today at his residence in Rome, surrounded by the love of his family,” a statement posted to Instagram said. Born in […]

Electricity

Geregu Power posts 1.7% rise in pre-tax profit

Geregu Power Plc, a major player in Nigeria’s electricity generation sector, recorded a modest increase in pre-tax profit to N41.98 billion for the year ended December 31, 2025, representing a 1.74 per cent rise from N41.26 billion in 2024. Pre-tax profit for the fourth quarter of 2025 stood at N9.56 billion, down from N11.78 billion […]

Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC
Oil and Gas

Nigeria’s non-oil exports hit record $6.1bn in 2025

Nigeria’s non-oil exports climbed to an unprecedented $6.1bn in 2025, representing the strongest performance recorded in the sector since the establishment of the Nigerian Export Promotion Council nearly five decades ago. The 2025 figure reflects an 11.5 per cent year-on-year increase compared to the $5.4bn recorded in 2024, highlighting sustained momentum in Nigeria’s drive to […]

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity

Kano DisCo achieves 22-hour daily supply for major manufacturers

Kano Electricity Distribution Company has achieved a 50 percent surge in industrial power consumption during 2025, bucking a national trend that has seen manufacturers across Nigeria increasingly turn away from grid electricity in favour of costly self-generation. According to BusinessDay, the northern distributor recorded industrial offtake rising from 43.33 gigawatt-hours in January to 62.14 GWh […]

featured Oil and Gas

Dangote Refinery to become world’s largest with new expansion

Nigeria’s Dangote Group has awarded a $350 million contract to Engineers India Limited to expand its massive Lekki refinery to 1.4 million barrels per day, more than doubling current capacity in a bid to transform Africa’s largest economy into a regional petroleum hub. The deal, signed with the Indian state-owned engineering consultancy, will see the […]

Business

IMF raises Nigeria’s 2026 growth forecast to 4.4%

The International Monetary Fund has revised upward Nigeria’s economic growth projection for 2026 to 4.4 per cent, from an earlier estimate of 4.2 per cent. The updated forecast was contained in the IMF’s January 2026 World Economic Outlook update, released on Monday. According to the Fund, the improved outlook reflects rising confidence in Nigeria’s medium-term […]

FCTA approves N7bn for teachers' salary arrears
News

FCTA workers shut secretariat over unpaid promotion arrears

Activities at the Federal Capital Territory Administration secretariat were grounded on Monday morning as workers under the FCTA shut down the main secretariat to protest unresolved labour and welfare issues. The action followed a directive by the Joint Union Action Congress JUAC which ordered workers across all cadres of the administration to withdraw their services […]

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

Finland to revoke non-EU students’ permits over social assistance

Finland is planning stricter immigration rules that could see the residence permits of non-European Union students cancelled if they receive basic social assistance from the state. The Ministry of Economic Affairs and Employment opened a public consultation on the draft law on January 16. This proposes a system that would allow authorities to automatically monitor […]

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 […]

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