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

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Dangote Refinery remains Europe’s top jet fuel supplier

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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 […]

Oil and Gas

Nigeria still dependent on imports despite Dangote Refinery — NMDPRA

Fuel security slowed in October as the Dangote Petroleum Refinery supplied only an average of 17.1 million litres per day of the nation’s petrol needs. This forced the country to rely heavily on imports, despite earlier hopes of achieving self-sufficiency. The Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority, revealed this information. […]

2023 budget: ASUU threatens strike over unreleased N170bn
News

FG proposes 40% salary increase for ASUU lecturers

The Federal Government has reportedly proposed a 40 per cent salary increase for lecturers under the Academic Staff Union of Universities, sources familiar with the development told our correspondent in Abuja. The proposal comes as the ASUU leadership prepares to return to the negotiation table with the Federal Government delegation headed by Yayale Ahmed. The […]

EU rules out fee for tech giants under digital markets act
Business

AI adoption may expose EU banks to new threats – Expert

The Netherlands’ chief financial regulator, has warned that Artificial Intelligence adoption will heighten systemic risks for European banks due to their dependence on foreign technology giants. The Chair of Supervision at the Dutch National Bank, Steven Maijoor, made this disclosure on Monday calling for urgent steps to curb those vulnerabilities, according to Bloomberg. “There is […]

Equity investors lose N1.5tn as bond yield rises
Business

Nigeria’s private sector growth extends to 13th month

Nigeria’s private sector recorded another month of growth in November, supported by rising customer demand, new product launches, and easing inflationary pressures, according to the latest Stanbic IBTC Purchasing Managers’ Index report. The headline PMI for November stood at 53.6, which is above the 50.0 no-change threshold, signaling an improvement in business conditions for the […]

Gold hits record high amid escalating US-China trade tensions
News

Iran discovers major gold deposit amid crippling US sanctions

Iran has announced the discovery of a major gold deposit at one of the country’s biggest mines for the precious metal, local media reported Monday. The new vein structure was found at the privately owned Shadan gold mine in the eastern province of South Khorasan, which Fars news agency described as “among the country’s most […]

TotalEnergies to invest $6bn in Nigeria's Deepwater
Business

UK withdraws loan for TotalEnergies’ Mozambique power plant

The British government announced Monday it would no longer provide TotalEnergies with a loan intended for a gas project in Mozambique. According to France24, the French group had previously halted the project due to a jihadist attack in the area. This decision means the UK will withhold up to $1.15 billion in funding for the […]

Oil and Gas

TotalEnergies sells 40% stake in offshore licenses to Chevron

TotalEnergies EP Nigeria has agreed to sell a 40 per cent stake in two exploration licenses located offshore Nigeria to Chevron Corp. This transaction marks the second major collaboration between the two energy giants in six months as they work to unlock hydrocarbon resources in frontier basins. The French oil major signed a farmout agreement […]

Why Nigerian insurance is one of the lowest globally - CPPE
Business

CPPE urges Senate to drop excise hike on soft drinks

The Centre for the Promotion of Private Enterprise has called on the Senate Committee on Finance to abandon its plan to amend the Customs and Excise Act to raise excise duties on non-alcoholic beverages, describing the move as poorly timed and potentially damaging to Nigeria’s fragile economy. In a statement on Monday, CEO of CPPE, […]

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Africa unveils groundbreaking HIV prevention shot with 99.9% efficacy

South Africa, Eswatini, and Zambia were scheduled to commence on Monday the administration of a groundbreaking new HIV-prevention injection. This marks the drug’s first public rollouts in Africa, the continent with the world’s highest HIV burden. The drug, named Lenacapavir, is administered only twice a year. It has been scientifically shown to reduce the risk […]

Business

S’African bank embraces Yuan, ease dollar dependence for African importers

Standard Bank of South Africa has become the first financial institution on the continent to achieve direct integration with China’s Cross-Border Interbank Payment System. This landmark integration marks a decisive shift away from traditional dollar-dominated settlement channels and positions Africa to capture greater efficiency and autonomy in its booming trade with the world’s second-largest economy. […]

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