Business

Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran

  • 7th August 2026

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

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Trump signs new executive order banning birth tourism

Travel

Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

Business

Dangote Refinery remains Europe’s top jet fuel supplier

Aviation

Air Canada to begin direct Lagos flights from 2027

Aviation

Blog

Agribusiness

Presco gets $100m FDI to boost Edo palm oil production

Edo State will receive a $100 million foreign direct investment as Belgian agro-industrial group SIAT NV injects fresh capital into Nigerian palm oil producer Presco Plc, part of a longer-term $1 billion commitment to expand operations in the country over the next decade. The funds, which constitute the first tranche of the wider investment program, […]

Scams

Deepfake fraud surges 967% in Africa — Report

Africa’s digital economy is entering a new and more perilous phase as fraudsters abandon low-effort schemes for advanced, AI-driven tactics, with deepfake-based attacks recording explosive growth across several countries. This signifies an emerging era of high-skill fraud powered by synthetic media and automated deception tools. According to the newly released Sumsub Identity Fraud Report 2025–2026, […]

featured Technology

AI could widen gap between rich, poor nations — UN

The United Nations has issued a strong warning that artificial intelligence could significantly widen the divide between wealthy and poorer nations “if urgent action is not taken to make the technology accessible to everyone.” This warning was delivered in a new report released on Tuesday by the United Nations Development Programme. The report suggests that […]

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

Naira gains in parallel market

The Naira experienced mixed fortunes in the foreign exchange markets on Monday. In the parallel market, the currency appreciated to N1,470 per dollar from N1,476 per dollar recorded at the close of last weekend. Conversely, the Naira registered a depreciation within the Nigerian Foreign Exchange Market (NFEM). The exchange rate in the NFEM stood at […]

Monthly petrol import drops by 990m litres - Minister
Oil and Gas

FG unveils 50 oil blocks, targets $10bn investment

The Federal Government has announced the immediate opening of bids for 50 oil and gas blocks, a move projected to attract $10 billion in new investments and increase national oil production by an estimated 400,000 barrels per day. Over the next ten years, the government also aims to secure 10 billion barrels of oil in […]

Business

DMO opens December 2025 FGN savings bond subscription

The Debt Management Office has launched its December 2025 subscription for the FGN Savings Bond, offering 2-year and 3-year tenors. The 2-year bond, maturing on December 10, 2027, comes with an annual interest rate of 12.838 per cent, while the 3-year bond, due December 10, 2028, offers 13.838 per cent per annum. This is contained […]

China denies link to cyberespionage group accused of targeting Singapore
Business

China imposes tax on condoms to tackle population decline

China will, for the first time in 30 years, impose a value-added tax on contraceptives, including condoms, in a move aimed at addressing falling birth rates that could further slow economic growth. Under the updated VAT law, consumers will face a 13 per cent tax on products that had been exempt since 1993, when China’s […]

News

FG deploys 240 e-tricycles across 12 universities

The Federal Government has rolled out 240 electric tricycles and 12 solar-powered charging stations at 12 public universities. Funded by TETFund, the project aims to offer students cleaner, more affordable, and reliable transportation, the Minister of Education, Dr. Tunji Alausa, announced on his official X page on Monday. In the post, Alausa stated that he […]

featured Oil and Gas

Why Nigeria doesn’t need to import petrol — Dangote

President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has criticised the crude supply practices of international oil companies, insisting that Nigeria has no justification for importing crude or refined petroleum products if existing laws are properly enforced. Speaking during a visit by the South South Development Commission to the Dangote Petroleum Refinery and Fertiliser Complex […]

Samsung to unveil Galaxy Z Flip 5 July 25
Tech

Samsung launches first multi-folding smartphone

Samsung Electronics on Monday unveiled its first multi-folding smartphone, stepping up its efforts to match rapid innovations from competitors. The highly anticipated Galaxy Z TriFold will launch in South Korea on Dec. 12, with subsequent releases planned for China, Taiwan, Singapore, and the United Arab Emirates, the company said in a press release. Samsung added […]

Failed banks liquidation delayed over ex-staff owed salaries, others - NDIC
Business

NDIC seeks closer ties with NIESV on banks asset valuation

The Nigeria Deposit Insurance Corporation has urged stronger collaboration with the Nigerian Institution of Estate Surveyors and Valuers to improve the accuracy of asset valuation for failed banks. In a statement on Monday, NDIC spokesperson, Hawwau Gambo, said Managing Director Thompson Sunday made the appeal during a courtesy visit by NIESV President Dr. Victor Alonge […]

Banking

FCMB named best SME focused Bank for 2025

First City Monument Bank has been named Nigeria’s Best SME Focused Bank for 2025 by the Chartered Institute of Bankers of Nigeria, after leading the industry with a 24 per cent share of the N1.8tn SME disbursements in 2024. The award, presented at the 60th Annual Bankers Dinner in Lagos, highlights FCMB’s strong commitment to […]

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