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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Firms, households expect inflation pressures to ease further —

Economy

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

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featured Opinion

Tinubu govt squandered ₦17.5tr on pipeline security, Atiku alleges

Former Vice President Atiku Abubakar has leveled an accusation against the Tinubu’s administration, claiming it has squandered ₦17.5 trillion on questionable pipeline security in just 12 months. Atiku made this known on his X handle on Sunday, noting that this homogeneous pipeline security expenditure is “more than 12 years of fuel subsidy.” The 2023 presidential […]

featured News

NDLEA busts WhatsApp drug ring selling ‘loud’ as cookies

The National Drug Law Enforcement Agency has uncovered a WhatsApp-based drug distribution ring operating in Lekki, Lagos, where traffickers disguised the illicit substance Canadian Loud as imported Christmas cookies and snacks before distributing it across the city. According to the NDLEA, the sophisticated operation was run by two suspects identified as Deji Adesanya and Olubiyi […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Business

FBN HoldCo completes sale of FBNQuest merchant bank stake

First HoldCo Plc has officially notified the Nigerian Exchange Limited that it has completed the sale of its 100 per cent equity stake in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP. This action marks the end of a multi-year restructuring process within the Group’s investment banking and asset management businesses. In a regulatory filing […]

Seven banks paid N392.53bn in taxes in first half of 2024
Opinion

Nigeria’s new tax act could cripple investment, experts warn

A new assessment by the Alliance for Economic Research and Ethics LTD/GTE has raised red flags over the potential economic fallout of the Nigeria Tax Act, 2025. The report warns that several provisions could erode business profitability, deter investors, and weaken Nigeria’s competitiveness within Africa. The Act, which was signed into law in June 2025 […]

Aviation

African airlines lead global air cargo growth in October

African airlines recorded the strongest growth in air cargo demand globally in October 2025, with volumes rising 16.6 per cent year-on-year. Capacity on the continent also expanded by 20% compared to October 2024, which reflects a significant operational expansion designed to meet the rising demand. This data was sourced from the International Air Transport Association […]

Private sector laments loan repayment as interest rate hits 26.26%
Finance

Nigeria records 428% surge in foreign capital inflows

Nigeria recorded a significant surge in foreign capital inflows in 2025, receiving $20.98 billion in the first ten months of the year, according to Central Bank Governor Olayemi Cardoso. These inflows represent a 70% increase compared to the total received throughout 2024, and a substantial 428% jump from the $3.9 billion recorded in 2023. Cardoso […]

Helth

Doctors fear HIV surge after 55% condom distribution dropped

Senior physicians in Nigeria have voiced concerns that the country may experience a surge in new Human Immunodeficiency Virus and other sexually transmitted infections, following a 55 per cent decline in condom distribution across the nation. The medical professionals emphasized that condoms remain one of the most accessible and effective preventive tools, especially for young […]

featured

AI chatbots drive shoppers to record $11.8bn Black Friday deals

Artificial Intelligence shopping assistants fueled a Black Friday online spending surge as United States shoppers, wary of crowds and tariffs, turned to chatbots for the best deals. U.S. consumers shattered online spending records on Friday, with Adobe Analytics, which tracks e-commerce reporting $11.8 billion in sales, a 9.1 per cent year-over-year jump that even slightly […]

NASENI's solar-powered bikes, others commendable - Senate
Business

Firm, NASENI partner to boost Nigeria’s ICT infrastructure

Galaxy Backbone Limited and the National Agency for Science and Engineering Infrastructure are forging a stronger partnership to bolster ICT services across the Nigerian government. The alliance was solidified during a courtesy visit by GBB’s Managing Director, Prof. Ibrahim Adeyanju, to NASENI’s Executive Vice Chairman, Mr. Khalil Suleiman Halilu, in Abuja. According to a Friday […]

100 Airbus employees fall sick after company's Christmas party
Aviation

American Airlines confirm Airbus software updates complete

American Airlines said Saturday that aircraft grounded by an Airbus recall have been updated with new software and can resume flights. “As of 12 p.m. CT, no aircraft were left to be updated of the 209 impacted,” the company said. “American expects no further operational impact related to the Emergency Airworthiness Directive and looks forward […]

Nigeria remains World Bank's third-largest debtor with $18.2bn IDA loans
Finance

Naira gains as foreign capital inflows hit record $21bn

The naira concluded the week with a gain of N7.10 in the official foreign exchange market, coinciding with a surge in foreign capital inflows to almost $21 billion in the first 10 months of 2025. This inflow marks one of the strongest investment rebounds Nigeria has recorded in years. The currency’s performance over the five […]

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