Business

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

Tinubu gets ICPC report on alleged fake agency

  • 6th August 2026

NIA credits NAICOM’s oversight for successful insurance recapitalisation

  • 6th August 2026

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FUTA workers protest alleged non-payment of allowances

News

Five countries that recently changed, redenominated their currencies

featured Finance

SEC launches campaign to help Nigerians recover unclaimed dividends

Investment

FG optimistic Nigeria NOW! Expo will boost mining investments

Investment

Blog

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
Finance

Naira trades at N1,453/$ in official FX market

The Naira trades at N1,453 per United States dollar and continues to experience significant activity across the various segments of the foreign exchange market today, Wednesday, December 17, 2025. Data from the Nigerian Foreign Exchange Market and the unofficial parallel market indicate a narrow but persistent gap between official and black-market rates as the year […]

Business

PenCom begins disbursement of N758bn FG bond

The Director-General of the National Pension Commission, Ms Omolola Oloworaran, has announced that the commission has begun disbursing the N758 billion bond approved by the Federal Government. Speaking at the Pension Revolution Summit in Abuja, Oloworaran said the bond, approved by President Bola Tinubu in February, has already been redeemed. She explained that the funds […]

Warner Bros loses nearly 2m subscribers after rebrand
Tech

Warner Bros Board urges shareholders to reject Paramount bid

The Warner Bros. Discovery board on Wednesday unanimously recommended that shareholders reject Paramount Skydance’s takeover offer and instead support what it called a “superior” proposal from Netflix. Last week, Paramount made a hostile bid for WBD, offering $30 per share in an all-cash deal directly to shareholders. Paramount Skydance CEO David Ellison contends that the […]

Business

UBA backs Lagos’ Lagride with $100m funding

Lagride, the Lagos State Government-supported e-hailing platform, has secured a $100 million financing facility from United Bank for Africa to scale its Drive-To-Own initiative. The company stated that the funding will enable approximately 3,500 drivers to move from daily rental arrangements to long-term vehicle ownership, fostering small business opportunities within Lagos’ transportation sector. The funding […]

Business

NMDPRA boss disowns reply to Dangote allegations

The CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, has clarified that a statement circulating under his name, addressing recent allegations by Aliko Dangote, president and CEO of Dangote Industries Limited, was not issued by him. In a disclaimer on Wednesday, Mr. Ahmed said that while he is aware of the […]

featured Maritime

NPA record surge in export volume for Q3 2025

The Nigerian Ports Authority, building on strong performance throughout the third quarter of 2025, posted an impressive operational record during the period. According to The Nation, statistical data provided by the NPA regarding ship calls across various locations on Wednesday shows that Tin Can Port led the chart at 22.7 per cent, closely followed by […]

FG targets 6500 megawatts power generation in six months
Electricity

National grid power dropped over gas supply disruption – NISO

The Nigerian Independent System Operator has reported a drop in electricity generation on the national grid, attributing the decline to gas supply disruptions caused by the alleged vandalism of a pipeline in the upstream network. In a statement released on Tuesday, NISO said the incident affected gas delivery to multiple power plants. “The Nigerian Independent […]

Business

Lekki deep seaport hits 50% capacity

The Lekki Deep Seaport has reached nearly half of its designed operational capacity, reporting consistent month-on-month growth in container throughput since September. Mr. Wang Qiang, Managing Director and CEO of Lekki Port LFTZ Enterprise Limited, revealed this on Tuesday while speaking to journalists at the port’s end-of-year media briefing. During the briefing, Wang emphasized that […]

Uncategorized

Global airline profits expected to rise to $41bn in 2026 – Report

Airlines are expected to collectively earn a net profit of $41 billion in 2026, up from $39.5 billion in 2025, according to forecasts by the International Air Transport Association. Despite these record earnings, the global airline industry’s net profit margin is projected to hold steady at 3.9 per cent, while net profit per passenger is forecast at $7.90—below the […]

Amazon cuts jobs in books division amid broader efficiency push
Tech

OpenAI eyes collaboration with Amazon on AI chips

OpenAI is reportedly in talks with Amazon regarding a potential investment and a deal to utilize Amazon’s artificial intelligence chips. While the discussions are ongoing and details may change, a source familiar with the matter, indicated that the investment could surpass $10 billion, according to CNBC. The Information was the first to report on the […]

News

Tinubu meets NLC leaders in bid to avert planned nationwide protest

President Bola Tinubu on Tuesday night met with leaders of the Nigeria Labour Congress in a last-minute effort to avert the union’s planned nationwide protest over rising insecurity in the country. The meeting took place at the State House, Abuja, beginning around 11:27 p.m., and was attended by NLC President Joe Ajaero, Imo State Governor […]

Trump signs executive order establishing US Bitcoin reserve
Business

US adds Nigeria, others to travel restriction list 

The United States has placed Nigeria on a new list of countries subject to travel restrictions, following a presidential proclamation signed by President Donald Trump aimed at strengthening U.S. border security and national vetting procedures. According to the White House, the proclamation—based on “data-driven assessments of security, vetting, and immigration compliance risks”—imposes partial travel restrictions […]

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