Blog

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Business

CBN confirms 33 banks meet new capital requirements

The Central Bank of Nigeria has announced that 33 banks have successfully met the new minimum capital thresholds set under its recently completed recapitalisation programme, a significant step toward strengthening Nigeria’s financial system. According to the apex bank, the 24-month exercise mobilised a total of N4.65 trillion, lifting capital adequacy ratios across the industry above […]

Aviation

Nigeria resolves 98% of trapped airline funds – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced that Nigeria has successfully resolved 98 per cent of previously trapped airline funds, describing the development as a critical step toward rebuilding investor trust and attracting new capital into the aviation industry. He made the disclosure on Wednesday during the inaugural Nigeria Aircraft Acquisition […]

Aviation

United Nigeria airlines suspends staff over alleged passenger maltreatment

United Nigeria Airlines has suspended a staff member following allegations of maltreatment involving a passenger with reduced mobility, Ms. Doris Akonanya, at Nnamdi Azikiwe International Airport, Abuja. In a statement on Wednesday, the airline’s Public Relations Officer, Chibuike Uloka, said the staff member would remain suspended pending the outcome of a full investigation. The airline […]

World

US-Israel-Iran war: UK to meet 35 nations for Hormuz Strait reopening

Britain will this week hold a meeting of about 35 countries to discuss how to reopen the strategic Strait of Hormuz which has been crippled by the Middle East war, Prime Minister Keir Starmer announced Wednesday. United Kingdom Foreign Secretary Yvette Cooper will host the discussions, Starmer told reporters during a Downing Street press conference, […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote cargo reaches UK as Europe looks beyond Middle East

Nigeria is increasingly serving as an alternative supplier of aviation fuel to Europe, as tensions from the US-Iran conflict disrupt Middle East supplies. A recent cargo from the Dangote Petroleum Refinery has already arrived in the United Kingdom. Several European countries are now sourcing aviation fuel from the facility, particularly amid the supply tightness triggered […]

Army discovers stolen 1m litres crude oil in Rivers
News

101 illegal refineries dismantled, 219 arrested in Q1 2026 – DHQ

The Defence Headquarters announced that Operation DELTA SAFE troops dismantled 101 illegal refining sites and apprehended 219 individuals involved in crude oil theft and related crimes during the first quarter of 2026. The Director of Defence Media Operations, Maj.-Gen. Michael Onoja, revealed this at a quarterly media briefing on Tuesday in Abuja, noting that military […]

Salesforce announces over 1,000 job cuts amid AI expansion
Tech

Salesforce reinvents Slack with advanced AI capabilities

Salesforce, the cloud software powerhouse, is reshaping its business around AI. At a small event in San Francisco, United States on Tuesday, CEO Marc Benioff and his team showcased the latest outcomes of that push: an upgraded version of Slack packed with new AI capabilities. The standout feature is a major overhaul of its AI […]

Business

PenCom lifts age limit on personal pension plan for students, newborns

The National Pension Commission has removed the age restriction on its Personal Pension Plan, enabling students and even newborns to start saving for retirement. Director-General Omolola Oloworaran announced the change following the second Pension Industry Leadership Council meeting in Lagos on Tuesday. With this update, Nigerians of all ages can now participate in the personal […]

Electricity

NERC urges faster meter installations to close Nigeria’s metering gap

The Nigerian Electricity Regulatory Commission has called on electricity distribution companies and meter asset providers to speed up meter installations to help close the country’s metering gap. In a statement released online on Tuesday, the commission said the announcement followed a recent NESI Metering Stakeholders’ Meeting, which aimed to enhance coordination among key industry players, […]