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

Blog

Alibaba partners with Apple on AI for iPhones in China
Tech

Alibaba unveils smart glasses challenging Meta in China

Alibaba Group has launched its first consumer hardware product: the Quark S1 smart glasses. Powered by its proprietary Qwen AI, the glasses feature translucent displays that overlay digital information onto the user’s surroundings, positioning them as a direct competitor to Meta’s Ray-Ban smart glasses in the Chinese market. This launch extends Alibaba’s ambitious reorganization into […]

Netflix to roll out games for TVs, laptops
Tech

Netflix temporarily crashes during ‘Stranger Things’ final season unveiling

Netflix encountered a brief service interruption Wednesday evening coinciding with the launch of the fifth and final season of”Stranger Things.” The outage was confirmed by a spike in user reports on DownDetector.com just after 9 p.m. Eastern and by social media complaints from subscribers. The first wave of issues appeared on DownDetector around 7:40 p.m.Eastern, […]

Business

Private sector credit surged by N1.8tr in October

Private sector credit surged by N1.88 trillion in October 2025, a sharp 2.60 per cent monthly increase that marks the strongest growth of the year, according to Central Bank data. The N1.88 trillion increase marks a 2.60 per cent month-on-month surge, the strongest growth recorded in 2025. This surge followed the Monetary Policy Committee’s decision […]

featured Travel

UK faces ‘japa’ as 257,000 Britons emigrate

New official data has provided a clearer picture of the United Kingdom’s shifting population dynamics, revealing a sharp increase in the number of Britons choosing to move overseas. This development raises fresh questions regarding the country’s capacity to retain its skilled workers and ambitious young people. According to reporting by City AM, new estimates from […]

featured Finance

AfDB approves $500m loan for Nigeria energy transition support

The African Development Bank Group announced on Wednesday that it has approved a $500 million loan facility for Nigeria. This substantial funding is specifically designated to support the second phase of the country’s economic governance and energy transition support programme. This facility is designed to bolster Nigeria’s comprehensive efforts to modernize its electricity infrastructure, significantly […]

Finance

Pension allocation to infrastructure declines amid $100bn gap

The infrastructure sector in Nigeria faces a substantial funding shortfall, estimated at $100 billion. Against this challenging backdrop, the portion of pension funds allocated to the sector experienced a slight decline, falling by 0.92 per cent to N218.9 billion in October of this year. However, according to Vanguard, findings from the latest pension funds industry […]

Economy featured

VAT collection hits N4.12tr

Revenue generated through Value Added Tax saw a substantial rise in the first half of 2025, reaching N4.12 trillion. This represents a significant 37.7 per cent year-on-year increase from the N2.99 trillion recorded in H1’24, according to figures released by the National Bureau of Statistics. The details were contained in the Q2’25 VAT report, which […]

Business

FG stops five major road contracts in Kogi over delay

The Federal Government has canceled five major road contracts in Kogi State due to “unacceptable delays, non-performance, and excessive time overruns.” Following a review meeting, Works Minister David Umahi stated the government will no longer tolerate contractors who accept payment but fail to deliver, citing projects with less than 5 per cent completion after exceeding […]

Business

High lending costs strangling manufacturers — MAN

The Manufacturers Association of Nigeria is calling on the Central Bank of Nigeria to cut interest rates, arguing that the current high cost of borrowing is crippling the manufacturing sector. While MAN acknowledged the CBN’s recent decision to hold the benchmark Monetary Policy Rate at 27 per cent, it described the lending environment as “punitive,” […]

Aviation

Bayelsa unveils own airline, completes first flight from Abuja

Bayelsa State’s new airline, operated by Pioneer Airlines, successfully completed its inaugural flight from Abuja on Wednesday. Governor Douye Diri, alongside a delegation of prominent indigenes, was greeted by a large crowd upon landing at the Bayelsa International Airport. The flight carried high-profile passengers, including the Minister of State for Petroleum Resources and the rest […]

Scams

Sylva writes EFCC, denies avoiding $14.8m fraud probe

Former Minister of State for Petroleum, Chief Timipre Sylva, has written a letter to the Economic and Financial Crimes Commission, formally requesting that a date be fixed for him to appear before the agency over an alleged $14.8 million fraud. In the letter, dated November 24 and acknowledged by the EFCC on November 26, Sylva […]

Oil and Gas

Reps demand details on EFCC crude oil seizures

The House of Representatives’ Ad-hoc Committee on the Implementation and Oversight of the Naira-for-Crude-Oil Policy has demanded that the Economic and Financial Crimes Commission provide comprehensive details on crude oil seizures, sales, and disposal conducted under its supervision. The directive was issued by the Chairman of the committee, Rep. Emerengwa Sunday, during the resumption of […]

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