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BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
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Disney beats Q2 expectations with strong Disney+ subscriber

  • 7th May 2025
Trump signs executive order establishing US Bitcoin reserve

Investors flee to Europe, Japan amid trade war

  • 7th May 2025

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Soviet-era spacecraft ‘likely’ re-entered Earth’s atmosphere – Report 

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Nvidia unveils new AI, gaming chips, desktop computer at CES 2025

GPUs are the ‘currency’ for AI researchers – Nvidia

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Speculative FX demands cause of weak naira - CBN

NIMC releases revised price list for NIN services

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FAAN diverts two Kano-bound aircraft to Lagos over runway light outage

FAAN unveils modern domestic cargo facility in Lagos 

Aviation

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News

Pension funds hit N19.79tn in April

Nigeria’s pension fund value increased to N19.79 trillion in April after declining by 0.47 percent in March. The National Pension Commission data shows that it increased by 0.60 per cent, according to The Punch. The value of the pension funds as of February stood at N19.76tn. In a similar vein, the number of members in […]

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7.3 million Nigerians yet to get electricity meters – FG

The latest update on metering by the Federal Government has shown that 609,585 electricity consumers were metered in 2023, while the number of unmetered registered power users nationwide stood at 7,319,846. The Federal Government’s most recent data on metering shows that 6,09,585 were metered electricity users in the country in 2023, compared to 7,319,846 unmetered […]

Aviation

British Airways launch refurbished lounge at Lagos airport

British Airways has unveiled its newly refurbished lounge at Lagos airport, following a six-month renovation. According to the Punch, this was disclosed in a statement sent by British Airways on Friday. The airline stated that the area has been creatively designed to offer passengers additional room to enjoy an improved food and beverage experience. Customers […]

News

Over 500,000 applicants yet to get FG’s trade grant as deadline approaches

The federal government through the federal Ministry of Industry, Trade and Investment is yet to credit the N50,000 trade grant to more than half of the qualified applicants that applied for the scheme. According to the federal government’s official website, the initiative has benefited a total of 414,751 individuals from all 774 local government areas […]

News

Nigerian businesses lost over N1trn between 2022-2023 – NECA DG

The Director-General of the Employers’ Consultative Association of Nigeria, has said that organized businesses lost more than one trillion naira in total between 2022 and 2023. According to Oyerinde, a lot of businesses wound up, and a lot of others moved to other places, which made the issue of job security a necessity, according to […]

News

International oil firms get CBN’s permission to sell 50% of proceeds

The Central Bank of Nigeria has said that international oil companies can sell their retained 50 per cent earnings of repatriated export proceeds in the Nigerian Foreign Exchange Market. This decision was made in response to the CBN’s February 14 restriction on IOCs’ ability to transfer crude export earnings to offshore parent company accounts, according […]

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

Dangote Refinery starts exportation of jet fuel to Europe – Report

Dangote Refinery has embarked on the export of its first jet fuel cargo to Europe. This is another significant milestone represented by the $20 billion refinery, which has expanded its production since it began operations in April 2023, according to Business Insider. S&P Global Commodities reported that two sources have confirmed that the Doric Breeze […]

Customers oppose Discos' plan to recover prepaid meters
Electricity

Ibadan electricity board sack Achife as MD, appoints successor

The Board of Directors of the Ibadan Electricity Distribution Company has terminated the appointment of the Managing Director of the Ibadan Electricity Distribution Company, Mr. Kingsley Achife, effectively ending his tenure. This was disclosed via an internal memo dated May 31, according to The Punch. The board declined to renew Achife’s contract, naming Francis Agoha […]

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IMF’s recommendations misconstrued in Nigeria – Christian Ebeke

The International Monetary Fund resident representative for Nigeria, Christian Ebeke raised concerns over the misapplication of the organization’s policy recommendations in Nigeria. He emphasised the necessity of first providing for the poor and vulnerable before the removal of the expensive subsidies in a chat with the Head of Research, Africa and Middle East, Razia Khan […]

News

FG’s unfavorable policy leads to 52,000 construction jobs lost – Operators

The Construction and Civil Engineering Senior Staff Association and the National Union of Civil Engineering Construction Furniture and Wood Workers have said that over 52,000 construction and furniture workers have lost their jobs in the past year. The two unions represent the senior and junior staff in the construction and furniture industry. This was disclosed […]

Business

Geregu Power, Siemens energy partner to expand power plant capacity

Nigeria’s foremost power generation solutions provider, Geregu Power Plc and Siemens Energy have partnered to expand the capacity of the Geregu 1 power plant in the country. This was disclosed in a notice, the company filed with the Nigerian Exchange Limited on Friday. The collaboration formalized through a Memorandum of Understanding (MoU) signed in Berlin […]

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