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Business

FG unveils new incentives to attract global mining investors

The Minister of Solid Minerals Development, Dele Alake, has unveiled a set of incentives aimed at attracting international mining investors, including duty exemptions on imported equipment and streamlined profit repatriation. He announced the package while leading the Nigerian delegation at the ‘Resourcing Tomorrow’ annual exhibition and conference in London. The minister stated that Nigeria has […]

featured Oil and Gas

NNPCL subsidiary hits 355,000 bpd, highest output since 1989

NNPC Limited on Tuesday disclosed that oil production by its upstream subsidiary, NNPC E&P Limited, has reached 355,000 barrels per day. The company, in a statement by Chief Corporate Communications Officer, Andy Odeh, said the milestone was achieved on December 1, 2025, representing its highest daily output since 1989. Odeh noted that the output marked […]

Maritime

Nigeria must prioritise cybersecurity for maritime sector — NPCC

The Nigerian Ports Consultative Council has declared cybersecurity an urgent and non-negotiable priority for the nation’s maritime sector, warning that Nigeria cannot afford vulnerabilities as artificial intelligence and advanced digital systems increasingly define global port operations. Speaking at the Council’s quarterly meeting in Lagos, NPCC Chairman, Mr. Bolaji Sunmola, said technology now sits at the […]

Aviation

Aircraft supply chain won’t stabilise until 2034 – IATA

The International Air Transport Association says the global aircraft supply chain is unlikely to fully stabilize before 2031–2034, citing years of delivery shortfalls and a record order backlog that continues to strain airlines. In its latest global outlook, IATA noted that aircraft deliveries started recovering in late 2025 and production is expected to ramp up […]

Business

FG begins repayment of N4tn GenCos debt with N590bn bond

The Federal Government has commenced repayment of the N4tn owed to Power Generation Companies with the launch of a N590bn first-tranche bond issuance. This initial tranche forms part of the broader N4tn NBET Finance Company Plc Bond Programme and is backed by a Federal Government guarantee. It includes N300bn in cash bonds to be floated […]

Business

CBN strengthens agricultural financing with inauguration of ACGSF board

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has inaugurated a board for the Agricultural Credit Guarantee Scheme Fund in Abuja. Speaking at the event, Cardoso described the move as a “new dawn” for agricultural financing, highlighting the ACGSF as one of Nigeria’s oldest development finance programs and a vital tool for transforming […]

Indonesia to set minimum age for for children's social media use
Business

Australia bans social media for under-16s

Australia has officially enacted a new law prohibiting children and teenagers under 16 from accessing major social media platforms. Starting December 10, platforms including Instagram, TikTok, Snapchat, Facebook, YouTube, X, Reddit, and others are required to block users under 16 or deactivate any existing accounts. The regulation, under the Online Safety Amendment (Social Media Minimum […]

featured News

EFCC probes 46 bank accounts linked to ex-AGF Malami

A former attorney-general of the federation and minister of justice, Abubakar Malami, spent Monday night at the headquarters of the Economic and Financial Crimes Commission as interrogations over an ongoing investigation intensified. An associate of the former minister told TheCable that Malami was invited for questioning on Monday but arrived late in the evening, which […]

News

Niger Republic restricts Nigerian goods over security concerns

The Republic of Niger has announced new restrictions on goods originating from Nigeria, citing heightened security concerns, authorities said. The directive, issued by Colonel Mohamed Yacouba Siddo, Customs Formalities Corporation Officer, required that all goods—especially those described as “miscellaneous goods”—be offloaded and thoroughly inspected at entry points before being allowed to transit further into Niger. […]