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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

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
Disney, Warner Bros to launch joint streaming bundle

Disney beats Q2 expectations with strong Disney+ subscriber

  • 7th May 2025

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Jumia launches third-party logistics to boost profitability

Jumia launches third-party logistics to boost profitability

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Apple expands emergency satellite features to iPhone 13 update

Apple expands emergency satellite features to iPhone 13 update

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Spotify adds voice commands to AI DJ feature

Spotify adds voice commands to AI DJ feature

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Kenya to ban cashless-only payments for small transactions

Kenya to ban cashless-only payments for small transactions

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Banking News

Stockbrokers propose tech adoption for bank recapitalisation

The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to use innovative technologies throughout the bank recapitalisation process to ensure efficiency and effectiveness. This was disclosed in a statement by the CIS President, Oluropo Dada on Sunda, according to The Punch. Dada noted that this measure is critical for engaging younger generations […]

News

Caverton Offshore loss rises to N12bn

Caverton Offshore Support Group Plc’s after-tax loss increased by 146.79 percent to N12.75 billion at the end of December 2023, up from N5.17 billion in the same period. This was disclosed in its annual report recently filed with the Nigerian Exchange Limited. This is the third straight year that the corporation has reported after-tax losses, […]

News

Electricity users hit 1.78% to 12m in Q1 2024 – NBS

The overall number of billing consumers was 12.33 million in Q1’24, up 1.78 per cent from 12.12 million in the fourth quarter of 2023 (Q1’23). The National Bureau of Statistics disclosed this in its Nigeria Electricity Report: Energy Billed, Revenue Generated, and Customers by DISCOS for the first quarter of 2024, according to Vanguard. This […]

Dangote Refinery loses N32.5bn after petrol price cut
News Oil and Gas

Dangote accuse IOCs of oil price manipulation, sabotage

The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin has accused International Oil Companies in Nigeria of actively trying to sabotage the Dangote Oil Refinery and Petrochemicals. This was disclosed by Edwin to a group of Energy Editors at a one-day training programme organised by the Dangote Group, according to Nairametrics. […]

News Oil and Gas

NNPCL ready to launch OB3 gas pipeline project

The Obiafu-Obrikom-Oben Gas Pipeline project is scheduled to be completed by the Nigerian National Petroleum Company Limited as a significant step in increasing the countrywide gas supply to promote industrialization and economic growth. This was confirmed on Saturday by the Group Chief Executive Officer of NNPCL, Mr. Mele Kyari, in a post on the official […]

featured News

Nigeria loses N636bn in oil revenue as production declines

Nigeria’s monthly oil outputs have been consistently low since January 2024, resulting in a revenue loss of almost N636.3 billion. According to data from a Federal Government agency, Nigeria produced 1.43 million barrels of crude oil (excluding condensates) in January of this year, however, this figure dropped to 1.25 million barrels per day in May. […]

News

AKK Pipeline Project to be ready in 2025 Q1 – Kyari

The Nigerian National Petroleum Company Limited said on Friday that the 614-kilometre Ajaokuta-Kaduna-Kano Gas Pipeline Project would be completed in the first quarter of 2025. This was disclosed in a state signed by the ChiefChief Corporate Communications Officer of NNPCL, Olufemi Soneye. In the statement, NNPCL said that the 614- AKK Gas Pipeline Project would […]

Electricity News

FG allocates N21bn for provision of free meters

The Federal Government has allocated N21 billion for the Presidential Metering Initiative, which aims to eliminate the country’s metering gap by giving free meters to unmetered electricity users. The Nigerian Electricity Regulatory Commission issued an order on Friday titled “Order on the Operationalisation of ‘Tranche A’ of the Meter Acquisition Fund” (NERC/2024/072), according to The […]

New SEC regulation to enhance transparency in bank recapitalization
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N500bn recapitalisation: SEC outlines guidelines for banks

The Securities and Exchange Commission has released a framework to facilitate the Central Bank of Nigeria’s bank recapitalization initiative. This framework, which was posted on the SEC’s website on Friday, intends to ensure a seamless, transparent, and efficient capital-raising process for banks and holding companies participating in the programme. The framework defines the norms and […]

Maritime News

Customs modernisation to promote faster cargo clearance – Master Mariner

The Nigerian Association of Master Mariners has stated that the Federal Government’s Trade Modernisation Project will promote faster cargo clearance at the country’s ports. This was disclosed in a statement by the President of NAMM, Captain Tajudeen Alao on Friday, according to The Punch. Alao stated that the project would raise locally generated money and […]

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