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Ogun cargo airport to employ 25000 youths on completion - Dapo Abiodun

Mamuda Beverages invests $50m in new industrial facility

  • 14th May 2025

Nigeria ships first Obodo crude blend, says NUPRC

  • 14th May 2025
UK expands work visa sponsors for Nigerians

UK unveils major visa overhaul to cut legal

  • 11th May 2025

BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

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The Economic and Financial Crimes Commission has removed Elie Bitar, a foreign national, from its wanted list following new developments in the ongoing investigation into the Crypto Bridge Exchange fraud case.

CBEX: EFCC removes foreign national Elie Bitar from wanted

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Boeing strikes record $96b deal with Qatar Airways

Business

NIMC cuts extortion, corruption by 40% – DG

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Airtel Africa begins $100m share buy-back

Airtel Africa begins second round of $100m share buy-back

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9mobile appoints Obafemi Banigbe as CEO

The Emerging Markets Telecommunication Services Limited also known as 9mobile, has named Obafemi Banigbe, a telecoms specialist and technology industry leader, as CEO. This was disclosed in a statement by 9mobile on Thursday, according to Nairametrics. According to the statement, the move is consistent with 9mobile’s heritage of business continuity, which will help the company […]

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NLC rejects new tariff hike for Band A customers

The Nigeria Labour Congress has expressed concern about the recent increase in the tariff payable by Band A users from N206.80 to N209.5 per kilowatt-hour. While demanding a reversal of the new tariff, the NLC accused the Federal Government of insensitivity and insincerity. This disclosure was made in a statement by the President of NLC, […]

Aviation featured

NCAA suspends 10 private jet operators over recertification delay

The Nigeria Civil Aviation Authority has announced the suspension of ten private jet operators over noncompliance with the recertification timeline. This was disclosed in a statement signed by the Director of Public Affairs and Consumer Protection, NCAA Michael Achimugu via its official X handle on Thursday. According to the statement, the private jet operators were […]

News Oil and Gas

CNG will be 40% cheaper than petrol, say NNPCL

The Nigerian National Petroleum Company Limited has revealed on Thursday that the use of Compressed Natural Gas in automobiles is 40 per cent cheaper than using Premium Motor Spirit, also known as petrol. The NNPC also stated that 100 CNG stations would be operational across the country in 12 months, as it opened 11 new […]

US SEC approves ETFs to track Bitcoin
Crypto

Bitcoin drops below $57,000 as US Fed delays rate cuts

Bitcoin fell to a two-month low of $57,000 on Thursday, following the release of minutes from the US Federal Reserve’s June meeting, showing that the central bank is not yet ready to decrease interest rates, according to CNBC. Bitcoin lost 5% in 24 hours to $56,837, going below the $57,000 level for the first time […]

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Tolaram announce Ladoja as MD/CEO of Lagos Free Zone

The board of directors of Tolaram has chosen Adesuwa Ladoja as the Managing Director/Chief Executive Officer of the Lagos Free Zone Company, one of its subsidiaries. This was disclosed in a statement by the board to its stakeholders, stating the appointment takes effect from July 1, according to Businessday. Ladoja succeeds Dinesh Rathi, who has […]

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Japan bans use of floppy disks in govt operations

Alex Omenye Japan’s Digital Agency announced on Wednesday the complete elimination of floppy disks from its government computer systems, marking the end of an era of outdated technology usage within the country. According to Reuters, Japan’s Digital Agency confirmed that the only remaining system reliant on floppy disks is an environmental monitoring system used for […]

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Agbara Industrial Hub now on national grid to boost manufacturing — FG

The Federal Government has announced that the Agbara Industrial Hub has been connected to the national grid, representing a substantial advance in the country’s electricity infrastructure for manufacturers and company owners. This disclosure was made by the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, during the 2024 Manufacturing Association of Nigeria (MAN) summit on […]

Tech

Web host Cloudflare moves to combat bots scraping websites

Alex Omenye Cloudflare, the prominent cloud service provider, has launched a new tool aimed at preventing AI companies’ bots from scraping content from their clients’ websites to train large language models. This tool will be available free of charge to all Cloudflare customers, including those on free plans, and will continuously update to detect and […]

The Nigerian Exchange continued its downward trajectory on Tuesday, losing N265 billion as weak investor sentiment persisted.
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NGX ranked best performing stock market in Africa H1 2024

The Nigerian Exchange was Africa’s best-performing stock market in the first half of 2024, with a 33.81% increase in its All-Share Index. The first half of 2024 was a bullish moment for capital markets worldwide, with an overall rising trend. African stock markets were not left behind, with every stock exchange in Africa experiencing growth […]

News

Afrexim bank warns $30bn GDP drop if Nigeria divests fossil fuels

The African Export-Import Bank has cautioned that divesting from fossil fuels could lower Nigeria’s overall GDP by much to $30 billion. According to the report, lowering fossil fuels could reduce emissions from the continent; nevertheless, most African countries rely on fossil fuels to meet their immediate energy demands, as well as a major source of […]

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