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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Nigerian telecom users may pay higher charges in new tax law
Telecommunications

Telecoms sector cuts 383 jobs amid soaring operating costs — Report

The telecommunications sector shed 383 jobs in one year as operating costs surged, according to new data from the Nigerian Communications Commission. NCC’s 2023 and 2024 Year-End Performance Reports show that total staff strength across licensed operators dropped from 17,882 in 2023 to 17,499 in 2024. This decline came amid a steep rise in operating […]

Tech

Google proposes ad service changes despite EU antitrust scrutiny

Google has proposed adjustments to its advertising services to tackle EU antitrust concerns, coming roughly two months after Brussels imposed a substantial fine. However, the company resists any divestment or breakup of core assets such as Google Ad Manager. “Our plan includes immediate product changes to end the specific practices the Commission challenges. For example, […]

Transcorp reports 132% surge in pre-tax profit for 2024
Energy

BPE to monitor Transcorp’s compliance in Afam Power deal

The National Council on Privatisation has approved the Bureau of Public Enterprise’s request to monitor Transcorp Power Consortium’s compliance with the performance agreements for the acquisition of Afam Power Plc and Afam Three Fast Power Limited. Performance agreements typically define the responsibilities and expectations of both parties in a business arrangement. The decision to supervise […]

featured Tech

Paystack suspends co-founder amid sexual misconduct allegations

Nigerian fintech Paystack has suspended its co-founder and Chief Technology Officer, Ezra Olubi, following allegations of sexual misconduct linked to old tweets that resurfaced on Thursday and rapidly circulated on X. The company confirmed it has opened a formal investigation, reflecting increased attention to workplace conduct in Africa’s technology sector. “Paystack is aware of the […]

Oil and Gas

PENGASSAN hails FG’s suspension of 15% petroleum import duty

The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, Festus Osifo, has praised the federal government’s suspension of the proposed 15 per cent import duty on petroleum products, calling it a strategic move that safeguards consumers and encourages domestic production. In an interview with ARISE NEWS on Thursday, Osifo noted that […]

Business

PENCOM gives PFAs, PFCs extension to meet capital rules

The National Pension Commission has extended the compliance deadline for its revised minimum capital requirements for Licensed Pension Fund Administrators and Pension Fund Custodians. Existing operators now have an additional six months to meet the updated standards. In an addendum to its earlier circular dated 26 September 2025 (Ref: PenCom/INSP/Surv/2025/1255), the Commission stated that the […]

New SEC regulation to enhance transparency in bank recapitalization
Business featured

Nigeria moves to T+2 equities settlement cycle, says SEC

The Securities and Exchange Commission has confirmed that the Nigerian capital market will shift to a T+2 settlement cycle for equities transactions starting Friday, November 28, 2025. The move aims to align the market with global best practices and improve overall efficiency. In a statement on Thursday, the Commission explained that after months of preparation […]

Business

Paystack co-founder under fire as past tweets spark uproar

There has been widespread uproar on X (formerly Twitter) after Paystack co-founder Ezra Olubi was called out over a series of troubling old tweets that recently resurfaced. The controversy began when financial professional Max Obae (@makispoke) made indirect allegations on X that many users linked to Ezra. Though she did not name him, she claimed […]

Business

NCDMB unveils Nigerian content equity fund

The Federal Government, through the Nigerian Content Development and Monitoring Board, has announced plans to launch the Nigerian Content Equity Fund. According to the board, the fund will provide long-term risk capital to Nigerian oil and gas companies operating in high-value, high-impact segments of the industry. This was disclosed on Thursday at the NCDMB Towers […]

Aviation

Airlines oppose new $11.50 immigration charge

The Airline Operators of Nigeria says the controversial $11.50 charge scheduled to begin on December 1 was initiated by the Nigeria Immigration Service but announced and set for enforcement by the Nigeria Civil Aviation Authority. The group described the levy as an added strain on an already troubled aviation sector and an extra burden on […]

Senate approves Yuguda, Cardoso, others as MPC members
Business

Senate probes stamp duty funds nationwide

The Senate has launched an investigation into the collection and use of stamp duty revenues nationwide, a move lawmakers say is aimed at enhancing fiscal transparency and curbing revenue leakages. Speaking at a media briefing, Chairman of the Senate Public Accounts Committee, Senator Aliyu Wadada, said the probe seeks to uncover how stamp duty revenues […]

FG reopens Lagos airport runway after 11-month repairs
Aviation

Abuja airport runway closed after jet tyre burst

The runway at the Nnamdi Azikiwe International Airport, Abuja, was temporarily shut down on Thursday afternoon. This disruption was caused by a private jet that experienced a tyre burst upon landing at the airport. The incident reportedly took place around 2:00 p.m. on Thursday, which led to the subsequent temporary shutdown of the runway as […]

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