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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Canada visa wait-time rises for Nigerian applicants — IRCC

Travel

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

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Business

DisCo debts, unclear regulations hinder Nigeria’s grid power projects

Lenders and industry experts have expressed concern that the high-risk legacy debts of Distribution Companies and ambiguous regulatory frameworks pose major obstacles to financing and developing new grid-connected power projects in Nigeria. At the Lagos Chamber of Commerce and Industry Power Conference, Senior Vice President of Stanbic IBTC Infrastructure Fund, Jumoke Ayo-Famisa, highlighted the cautious […]

Aviation

NCAA urges Air Tanzania to support, refund stranded passengers

The Nigerian Civil Aviation Authority has called on Air Tanzania to meet its legal obligations to passengers stranded in Dar es Salaam and Lagos after the airline failed to operate its scheduled flights. In a statement on Saturday, the NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu, reminded the airline that passengers facing […]

Business

Lilly becomes first drugmaker to hit $1tn valuation

Eli Lilly became the first health-care company to reach a $1 trillion market capitalisation on Friday, joining an elite group largely made up of tech giants. The stock briefly touched the $1 trillion level during morning trading before pulling back, and was last quoted at approximately $1,048 per share. Eli Lilly is now the second […]

Business

Global coffee prices drop after US slashes 40% Brazil tariffs

Global coffee prices tumbled on Friday after United States President, Donald Trump, lifted 40 per cent tariffs on Brazilian agricultural imports. US retail coffee prices had surged 40 per cent year-on-year in September, partly due to the tariffs. Rising food costs have contributed to Trump’s approval ratings hitting their lowest point since his return to […]

Tech

Nokia to invest $4bn in US for AI-driven devt

Finland’s Nokia on Friday announced plans to invest $4 billion in the United States, focusing on research, development, and production to advance AI-driven network technologies. The telecom equipment maker said $3.5 billion will go toward R&D, while $500 million is earmarked for manufacturing and capital projects in states including Texas, New Jersey, and Pennsylvania. “Our […]

The West African Examination Council announced that some examination malpractices are the fault of questionable supervisors who leak exam questions to criminals.
News

WAEC shifts CBT WASSCE unveiling to 2027

The West African Examinations Council has postponed the commencement of its computer-based testing version of the WASSCE to 2027, following a directive issued by the National House of Representatives to shift the conduct. Recall, WAEC had announced it would commence the comprehensive adoption of the CBT examination system from the 2026 WASSCE. However, the council […]

Business

FBNQuest appeals ruling unfreezing Nestoil’s alleged $1bn assets

FBNQuest Merchant Bank Limited and First Trustees Limited have asked the Court of Appeal, Lagos, to restrain Nestoil Limited, Neconde Energy Limited and two others from taking any steps to enforce the reversal of a Mareva injunction (freezing order) on their properties, citing alleged $1.01 billion asset dissipation plans by the respondents. This is contained […]

Finance

DMO targets N500bn bond sale, expands domestic borrowing

Nigeria’s Debt Management Office is scheduled to seek to raise between N400 billion and N500 billion on Monday, November 24, 2025. This will be achieved through the reopening of two benchmark Federal Government of Nigeria bonds, an action that represents a significant expansion from the initial issuance plan outlined earlier in the quarter. The revised […]

Opinion

S&P rejects bias in African sovereign credit ratings

S&P Global Ratings has rejected renewed allegations that it applies unfair or biased standards to African sovereign credit ratings. The firm insists that all countries are assessed using the same transparent and long-established criteria. S&P’s global head of sovereign ratings, Roberto Sifon-Arevalo, made this assertion in an interview on Thursday, as quoted by Bloomberg. He […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Business

Nigeria’s economy still faces hurdles, says CBN

The Central Bank of Nigeria says that although recent reforms have contributed to restoring macroeconomic stability, significant work remains in improving living conditions and tackling deep-rooted structural challenges in the economy. CBN Deputy Governor for Corporate Services, Emem Usoro, made this known in a keynote address delivered on her behalf by the Director of Corporate […]

Lagos plans CNG-powered buses by end of 2024
Real Estate

Sanwo-Olu unveils 233 new housing units in Lagos

Governor Babajide Sanwo-Olu of Lagos State on Friday inaugurated 34 blocks comprising 233 housing units at the Abraham Adesanya Housing Estate in Ajah. This delivery marks another milestone in the state’s efforts to expand access to affordable and decent homes for its residents. The estate was developed through a Public-Private Partnership between the Lagos State […]

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