Business

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

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Dangote Refinery remains Europe’s top jet fuel supplier

Aviation

Air Canada to begin direct Lagos flights from 2027

Aviation

Atiku raises alarm over unexplained deposit into his private

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Manufacturers’ confidence rebounded in Q2 despite operating challenges —

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Blog

CAC to delete inactive companies in 90 days
Business

CAC issues alert on 15 companies operating without registration

The Corporate Affairs Commission has alerted the public to 15 unregistered company names and registration numbers currently being used in business transactions across Nigeria. In a notice posted on X, the CAC urged Nigerians to exercise utmost caution when engaging with individuals or organisations operating under any of the listed names. The Commission said it […]

Business

India withdraws order mandating pre-installed cybersecurity app for smartphones

The Indian government has withdrawn its directive requiring smartphone makers to pre-install a state-run cybersecurity app on all devices following widespread backlash. Authorities had quietly instructed manufacturers and importers on November 28 to add the Sanchar Saathi (“Communication Partner”) app to all new phones within 90 days and deliver it to older devices via software […]

Business featured

CBN announces new ATM withdrawal

The Central Bank of Nigeria has updated its cash withdrawal regulations, ending the special authorisation that allowed individuals to withdraw N5 million and corporates N10 million once per month, starting January 2026. In a circular issued Tuesday, December 2, 2025, and signed by the Director of the Financial Policy & Regulation Department, Dr. Rita I. […]

Business

Inefficient automation systems cost manufacturers’ millions – Report

Manufacturers around the world are losing up to 7.5 per cent of their annual revenue due to inefficiencies caused by closed, hardware-dependent industrial automation systems, according to a new report by Schneider Electric. Released on Tuesday in collaboration with research firm Omdia, the study found that mid-sized manufacturers, those with revenues between $500 million and […]

Boeing probes cyber attack
Aviation

FG partners Boeing, Cranfield University for aviation upgrade

President Bola Tinubu has unveiled a historic collaboration between the Federal Government, Boeing, and UK-based Cranfield University to set up a state-of-the-art Maintenance, Repair, and Overhaul facility in Nigeria. The initiative is projected to save airlines more than $200 million annually, currently spent on overseas maintenance. Tinubu, represented by Secretary to the Government of the […]

Business

Local contractors block finance ministry over N500bn unpaid debts

Local contractors from the All Indigenous Contractors Association of Nigeria staged a protest at the Federal Ministry of Finance on Tuesday, blocking both entrances to demand payment of what they called long-overdue debts for completed government projects. Leading the protest, the association’s National Secretary, Babatunde Seun-Oyeniyi, accused the Federal Government of repeatedly changing its stance […]

Business

FG, BoI sign MoU to manage $100m equity fund

The Federal Government, through the Nigerian Content Development and Monitoring Board, on Tuesday signed an MoU with the Bank of Industry to manage the $100 million allocated to the newly created equity investment scheme. At the ongoing Practical Nigerian Content Forum themed “Securing Investments, Strengthening Local Content and Scaling Energy Production,” the Executive Secretary of […]

Maritime

NSC interventions save shippers N175.8bn, $30,000

The Nigerian Shippers’ Council reported that it saved shippers more than N175.8 billion and $30,000 in Q2 2025 through its interventions in maritime industry complaints. The Council’s Q3 2025 Progress Report noted that its Complaints Unit received 46 complaints from stakeholders across the maritime supply chain during the period, successfully resolving 26 of them. This […]

News

Gov Mbah presents N1.62tr budget to Enugu Assembly

Governor of Enugu State, Dr. Peter Mbah, on Tuesday, presented a record N1.62 trillion 2026 budget estimates to the Enugu State House of Assembly, saying the administration was moving from laying foundation to scaling transformation across every sector. The figure represents a 66.5 per cent increase over the N971 billion revised 2025 budget. Dubbed Budget […]

Oil and Gas

FG orders oil firms to fast-track projects, increase production

The Federal Government has called on oil companies operating in Nigeria to fast-track project sanctions and ramp up field development, insisting that the country must significantly increase crude oil production to boost the economy and remain competitive in the global energy market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the appeal […]

Policy and Regulations

CBN mandates 48-hour reimbursement for e-fraud victims

The Central Bank of Nigeria has ordered banks and other financial institutions to reimburse victims of Authorised Push Payment fraud within 48 hours, marking one of the strongest regulatory moves yet to protect customers from rising electronic fraud in the country. APP fraud occurs when customers are manipulated, persuaded or misled into voluntarily sending money […]

MultiChoice denies DStv, GOtv subscription prices claims
Business

DStv subscribers may lose CNN, discovery channels from January 2026

DStv subscribers could lose 12 major Warner Bros. Discovery channels, including CNN, Discovery Channel and Cartoon Network, from January 1, 2026, if MultiChoice and WBD fail to reach a new distribution agreement. MultiChoice, now owned by Canal+, alerted customers in an email on Monday, stating that its current carriage deal with WBD expires on December […]

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