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Tony Elumelu named Seplat chairman in major leadership

  • 9th June 2026

OpenAI files for IPO as AI firms race

  • 9th June 2026

Nigeria’s transmission grid not limiting electricity supply –

  • 9th June 2026

US judge blocks Trump’s $100,000 H-1B visa fee

  • 8th June 2026

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Nigeria’s economy stronger but poverty worsened, IMF warns

Economy

Africa loses billions to corruption, recovers little, Kenyan envoy

Economy

Tony Elumelu named Seplat chairman in major leadership shakeup

Business

Tinubu approves ₦10bn to tackle Ebola threat in Nigeria

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Nigeria leads Africa in domestic aviation growth — Report

Nigeria’s aviation sector recorded Africa’s fastest domestic seat capacity growth in June 2026, with airlines increasing domestic capacity by 21.7 per cent year-on-year. The figures are contained in data released by OAG on the African aviation market for June 2026, based on scheduled flight capacity across carriers operating within the region during the month. Among […]

Business

FG delays Nigerians’ evacuation from S’Africa over logistical challenges

The Federal Government has postponed the evacuation of the first group of Nigerians seeking to return from South Africa amid renewed xenophobic attacks against foreign nationals. The Ministry of Foreign Affairs disclosed the development on Monday, citing logistical constraints as the reason for the delay. According to the ministry’s spokesperson, Kimiebi Ebienfa, the evacuation flight, […]

featured Finance

Dollar trades near ₦1,400 in parallel FX market

The naira maintained relative stability against the United States dollar in both the official and parallel foreign exchange markets as traders continued to monitor supply and demand conditions in Nigeria’s forex market. Data from the Nigerian Foreign Exchange Market showed that the naira traded at approximately ₦1,357.26 to the dollar at the official market, sustaining […]

Business

Reps recovers ₦521.77m VAT from CBN in Remita revenue probe

The House of Representatives Public Accounts Committee has recovered N521.77 million in unremitted Value Added Tax from the Central Bank of Nigeria, in what lawmakers described as a major milestone in an ongoing probe into revenue leakages associated with government collections processed through the Remita platform. The recovered funds relate to VAT deductions on fees […]

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LASERC flags MTN, others over unlicensed electricity operations in Lagos

The Lagos State Electricity Regulatory Commission has identified 38 companies operating in Lagos State that have failed to obtain the required licences or complete regulatory compliance processes despite repeated directives. The affected firms—including MTN, Flour Mills, Golden Penny, First Global Commerce Solutions Limited, African Steel Mills Nigeria Limited, and Lekki Port LFTZ Enterprise Limited, collectively […]

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FG eyes €59m ocean programme to protect marine resources

Nigeria has said it is ready to tap into the €59m West Africa Sustainable Ocean Programme to strengthen efforts against illegal, unreported and unregulated fishing while improving the sustainable management of its marine resources. This was disclosed in a statement by the Special Adviser to the Minister of Marine and Blue Economy, Dr. Bolaji Akinola, […]

Business

Nigerian engineers demand stronger response to rising insecurity

The President of the Nigerian Society of Engineers, Ali Rabiu, has called on the Federal Government to urgently and decisively tackle Nigeria’s worsening security situation and deepening economic hardship. In a statement issued on Sunday and signed by the Acting Executive Secretary of the NSE, Abdulkadir Aliyu, the president made the appeal while speaking on […]

Business

Oil prices rise as Middle East tensions escalate

Oil prices climbed on Monday as tensions escalated in the Middle East, with Iran and Israel exchanging strikes and raising fears that a fragile ceasefire could collapse into a wider conflict. Brent crude futures for July delivery rose 3.18 per cent to $96.05 per barrel, while U.S. West Texas Intermediate futures for August gained 3.46 […]

Business

Prada targets space frontier with new astronaut inner-layer garment

Italian fashion house Prada on Sunday unveiled the inner-layer garment that NASA astronauts will wear during upcoming space missions, highlighting the brand’s ambition to become the first major luxury label to establish a presence in the space industry. The form-fitting suit was developed in partnership with Houston-based space infrastructure company Axiom Space and includes integrated […]

Business

CPPE flags risks in proposed sugar-sweetened beverage tax

The Centre for the Promotion of Private Enterprise has urged the House of Representatives to reject the Sugar-Sweetened Beverage Tax Bill recently approved by the Senate, warning that the proposed legislation could further strain Nigeria’s already challenging business environment. The group stated its position in a statement issued on Sunday, June 7, 2026, and signed […]

Aviation featured

Nigerian airlines record fastest domestic capacity expansion in Africa

Nigeria’s airlines recorded the fastest growth in domestic seat capacity across Africa in June 2026, with available seats increasing by 21.7 per cent compared to the same period last year. The figures are contained in OAG’s June 2026 African aviation market report, which tracks scheduled flight capacity among airlines operating across the continent. Among Africa’s […]

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