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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

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Firms, households expect inflation pressures to ease further —

Economy

Trump signs new executive order banning birth tourism

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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

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Finance

Nigerian exchange extends losses, investors wipe out N2.8trn

The Nigerian Exchange concluded trading last week on a weaker note, extending the bearish trend as investors engaged in continued profit-taking and cautious repositioning across major sectors. This negative performance, according to analysts, reflected renewed sell pressures specifically observed across the banking, consumer goods, and industrial goods sectors. These actions came as investors reacted to […]

Nigeria's inflation will fall to 21% in 2024 - Cardoso
Economy featured

High interest rates trigger 17% fall in consumer credit

Consumer credit in Nigeria recorded a significant decline, dropping by 17 per cent month-on-month to N3.54 trillion in July 2025, down from N4.27 trillion recorded in June 2025. This sharp fall was primarily triggered by a decline in retail demand. The breakdown, detailed in the Central Bank of Nigeria’s July 2025 Economic Report, showed that […]

Business

High costs, FX threaten Nigeria’s industrial stability — Chemical product workers

The Chemical and Non-Metallic Products Employers Federation has issued a stern warning that escalating production costs, the burden of multiple taxation, and intense foreign exchange volatility continue to pose a significant threat to Nigeria’s industrial stability. This caution comes despite the observed resilience and innovation demonstrated by manufacturers in adapting to the nation’s harsh economic […]

Ban on styrofoam, satchet alcohol to worsen employment - NECA
Business

NECA hails FG’s 15% import tariff to boost local refinery

The Nigeria Employers’ Consultative Association has praised the federal government’s recent decision to impose a 15 per cent import tariff on certain petroleum products, describing it as a timely and necessary step to support and stimulate local refining. In a statement released on Sunday in Abuja, NECA’s Director-General, Mr. Adewale-Smatt Oyerinde, stated that “it is […]

Banking

New NDIC law to prosecute bank failure suspects

The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation, Mr. Thompson Oludare Sunday, has announced that a new era of accountability has officially begun in Nigeria’s banking sector. This follows the recent enactment of stronger laws that empower the Corporation to effectively prosecute those responsible for bank failures. Sunday made this declaration when he […]

Aviation

FAAN unveils reforms to tackle touting, improve passenger experience at Airports

Following Senator Osita Izunaso’s recent criticism of touting and begging at Nigerian airports, which he described as a “national embarrassment,” the Federal Airports Authority of Nigeria has unveiled a comprehensive plan to reform airport operations and enhance passenger experience nationwide. The plan, detailed in a document titled “Position Document on Measures to Address Corrupt Practices […]

Electricity

Nigeria joins unified West African electricity grid

The Nigerian Independent System Operator, in partnership with the West African Power Pool Information and Coordination Centre, has successfully synchronised Nigeria’s national electricity grid with the wider West African power network. The landmark test — conducted between 5:04 a.m. and 9:04 a.m. on Saturday, November 8, 2025 — linked Nigeria, Niger Republic, and parts of […]

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

Naira loses N14.85 at official exchange market

The Nigerian currency continued to face pressure at the official foreign exchange market, losing N14.85 against the United States dollar within one week. Fresh data released by the Central Bank of Nigeria showed that the Naira closed at N1,436.58/$1 on Friday, November 7, 2025, compared to N1,421.73/$1 recorded the previous week on October 31. This […]

Tech

Google unveils self-learning AI model capable of continuous improvement

Google has announced the development of a new machine learning model designed to continually learn and improve itself. The model, called ‘HOPE’, features a self-modifying architecture and is reportedly more efficient in long-context memory management than current state-of-the-art AI systems, according to a Google blog post published on Saturday, November 8. Google said the project […]

Meta offered $100m bonuses to lure OpenAI staff, Altman alleges
Tech

‘Superintelligent AI could pose serious dangers’

OpenAI has warned that although superintelligent systems promise significant benefits, they also pose “potentially catastrophic” risks. To reduce these dangers, the ChatGPT maker proposed extensive empirical research on AI safety and alignment, including exploring whether the entire industry should “slow development to study these systems more carefully.” The company further cautioned that the field is […]

Travel

UK warns citizens against six Nigerian states over insecurity

The United Kingdom’s Foreign, Commonwealth, and Development Office has released a new travel warning for Nigeria, citing escalating insecurity, violent crime, terrorism, and kidnappings across multiple regions of the country. In its latest Foreign Travel Advice, the FCDO stated, “Insecurity is increasing across Nigeria. Kidnapping, violent crime, and intercommunal violence occur throughout all regions of […]

Oil and Gas

Rivers assembly probes firm over oil spillage damaging community farmlands

The Rivers State House of Assembly has initiated a probe into serious allegations that Renaissance Africa Energy Company Limited failed to address an oil spill that severely ravaged the B-Dere community in the Gokana Local Government Area. This legislative action follows a petition submitted by the community through its Estate Surveyors and Valuers, Hamilton Odom […]

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