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  • 8th May 2025

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  • 7th May 2025
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9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays

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Africa can lead AI-driven deep tech, says El Habti

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UAE commits to $25bn Nigeria-Morocco gas pipeline project

UAE commits to $25bn Nigeria-Morocco gas pipeline project

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FG hails progress in Naira-for-Crude policy, vows continued support

FG hails progress in Naira-for-Crude policy, vows continued support

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CBN unveils 11 Nigerian pre-shipment agents

The Central Bank of Nigeria has approved the appointment of 11 pre-shipment monitoring and evaluation agents for oil and gas exports in Nigeria. This was disclosed via a circular TED/FEM/PUB/FPC/OO1/014, by The CBN’s Director of the Trade and Exchange Department, Dr. Hassan Mahmud dated May 13, 2024, according to Nairametrics. The appointments include nine pre-shipment […]

Top 25 fastest growing Nigerian companies in 2024
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Nigeria’s Omniretail ranked Africa’s fastest growing company in 2024

Nigerian E-commerce company, Omniretail has emerged as the fastest-growing company in Africa in 2024 in the third edition of Africa’s Fastest Growing Companies. OmniRetail, a startup established in 2019, experienced an astonishing surge in revenue, soaring by 772.39% in 2022 to reach $139.8 million. Following closely behind, Mauritian Kyosk Digital, a B2B platform facilitating connections […]

Oil and Gas

Shell probes smoke near Bayelsa oil facility

Shell is investigating reports of smoke and explosions that occurred in the vicinity of its Gbaran Ubie oil and gas installations in Bayelsa early Tuesday morning. It is reported that the fire Incident in the early morning of Tuesday involved sounds of explosions and sightings of smoke at a site where pipeline repairs were actively […]

Energy

75% of African oil is exported, says petroleum group 

The Secretary-General of the African Petroleum Producers Organisation, Omar Farouk Ibrahim, has said that nearly 75% of oil produced in Africa is exported to other continents for energy consumption. This was disclosed by Ibrahim during the recent Mozambique Energy and Industry Summit held in the southeastern African country, according to Nairametrics. Ibrahim stated that, in […]

Wigwe University mourns founder Herbert Wigwe
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Late Access Bank CEO’s Wigwe University to start operations August

Wigwe University, founded by the late Chief Executive Officer of Access Bank, Herbert Wigwe, is set to officially commence operational activities in August 2024. Located in Isiokpo, Ikwerre Local Government Area of Rivers State, the university will offer a wide array of programs across four major colleges: Management and Social Sciences, Art, Science and Computing, […]

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Transcorp, Heirs Energies CEOs champion Africa’s energy transition

The chief executive officer of Heirs Energies, Osayande Igiehon, and Transcorp Group’s President/Group CEO Dr Owen Omogiafo will join global business leaders at the 17th German-African Energy Forum in Hamburg, Germany, this week. Heirs Holdings ensures African natural resources drive value creation in the region as well as provide a robust power supply to Africa, […]

News

US shuts embassy in Tanzania over internet outage

Alex Omenye The United States has taken the precautionary measure of temporarily shutting down its embassy in Tanzania for a period of two days due to an internet outage that has impacted various East African countries. In an official statement released on X, formerly known as Twitter, the embassy cited degraded network service across the […]

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FG to empower 5,000 NYSC members with N10m – Minister

The Federal Government has announced plans for the empowerment of 5,000 members of the National Youth Service Corps with a sum of N10 million each to fund their entrepreneurial activities after completion of the scheme. This was disclosed by the Minister of Youth Development, Dr. Jamila Ibrahim during the opening ceremony of the inaugural meeting […]

Business

Bamboo adds local stocks to trading platform

  Online brokerage firm, Bamboo has involved Nigerian stocks on its platform. This was disclosed in a statement by the company on Monday pledging to ensure that retail investors in Nigeria’s capital markets have access to the fastest trade settlement times and most seamless dividend payment systems available, according to The Punch. In his comment […]

Aviation

FG won’t ground Xejet like Dana Air -Keyamo aide

The Special Assistant on Media to the Minister of Aviation and Aerospace Development, Tunde Moshood, has said that the Federal Government will not ground XEJET the way it did to Dana Air. He pointed out that the government would await the report of the Nigeria Safety and Investigation Bureau before taking an appropriate decision following […]

Economy

Interest rates may stay high, says Cardoso

The Governor of the Central Bank of Nigeria, Dr Olayemi Cardoso, has said that the members of the Monetary Policy Committee would do whatever is necessary to tame the country’s high inflation. Cardoso told the Financial Times on Monday, indicating that interest rates would stay high for as long as necessary to tackle inflation, according […]

Business

Nigeria, China partner to bridge $18bn trade gap

Nigeria and China have partnered to boost agricultural exports from Nigeria to China amid the significant trade deficit of $18 billion between the two nations. This was disclosed by the Executive Director of the Nigerian Export Promotion Council, Nonye Ayeni on Monday during a collaborative meeting between the Council and the Department of Commerce of […]

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