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Iran sets conditions for reopening Strait of Hormuz

News

SERAP urges Tinubu, Atiku, Obi, others to publish assets

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Taraba owes ₦85.51bn not ₦1.2tn, commissioner cites official DMO

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NDLEA warns parents over cannabis-laced cookies, gummies smuggled into

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Blog

Appointments

Tinubu appoints five new permanent secretaries

The Office of the Head of the Civil Service of the Federation has initiated the process of appointing five new Permanent Secretaries, following President Bola Tinubu’s approval. The positions include two vacancies created by recent retirements from Imo State and the Federal Capital Territory, as well as three zonal vacancies for North-Central, North-East, and South-East […]

Economy

Nigeria targets 25% industry share of GDP by 2035

The Federal Government has launched a new industrial roadmap aimed at more than doubling the sector’s share of national output over the next decade, projecting a rise from the current 10 per cent contribution to 25 per cent of GDP by 2035. Minister of State for Industry, Senator John Owan, disclosed the plan at the […]

Two Chinese charged for shipping US AI chips to China
Tech

US chipmaker Nvidia may have violated anti-monopoly laws – China

China’s market regulator has found that United States chipmaker Nvidia may have breached the country’s anti-monopoly laws, according to a preliminary probe, and said the investigation will continue. Following the announcement, Nvidia’s shares dropped about 2% in premarket trading. The probe, initiated late last year by China’s State Administration for Market Regulation, focuses on Nvidia’s […]

Dangote names Lekki refinery road after Wigwe
Business

Dangote calls for urgent focus on food security across Africa

The President and CEO of Dangote Industries Limited, Aliko Dangote, has urged African nations to urgently prioritise food security and self-sufficiency, emphasizing that agriculture is central to the continent’s sustainable development. During a courtesy visit by the AfricaRice Centre—a pan-African Centre of Excellence for rice research in Lagos, Dangote highlighted that Africa’s abundant arable land […]

Access Bank nears final stages of National Bank of Kenya acquisition
Business

Youth , diaspora-led growth key to Africa’s future, says Access Bank

Access Bank has reiterated its dedication to enhancing Africa–Caribbean economic ties, emphasizing youth and diaspora-driven growth, at the recently concluded Intra-African Trade Fair 2025. Addressing a high-level session on “The Global Africa We Want: Business Collaboration Without Borders,” CEO of Access Bank Caribbean Expansion, Sunmbo Olatunji, highlighted the need for Africa to harness its demographic […]

Banking

Afreximbank launches $1bn ATDC to boost African trade

The African Export-Import Bank has launched the African Trade and Distribution Company to boost large-scale trade in raw materials, minerals, and value-added products across Africa. ATDC was established through Afreximbank’s Fund for Export Development in Africa in partnership with Arise Integrated Industrial Platforms, Equitane DMCC, and the African Continental Free Trade Area Secretariat. Afreximbank has […]

China 'firmly opposes coercion' as Mexico mulls car tariffs
Business

US-China trade talks resume in Spain

China and the United States have resumed trade talks in Madrid, Spain, in an effort to narrow their differences on trade and technology issues that have strained relations between the two largest economies. The talks, which started at Spain’s foreign ministry, are expected to continue through Wednesday. US Treasury Secretary Scott Bessent and Chinese Vice […]

Banking

UBA backs Kenya’s roads levy securitisation with $150m investment

United Bank for Africa Plc has pledged $150 million (KES 20.5 billion) to support the Government of Kenya’s $1.35 billion Roads Levy Securitisation Programme, underscoring the pan-African lender’s commitment to financing key infrastructure and promoting inclusive growth across the continent. The commitment was announced during a working visit to Nairobi by UBA Group Managing Director/Chief […]

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US companies fire employees for celebrating Charlie Kirk’s assassination

Charlie Kirk was one of the right’s most prominent and polarizing voices who built his following by amplifying the false claim that the 2020 election was stolen and by railing against what he called “woke” culture. His comments on race, feminism, LGBTQ rights and immigration often drew sharp criticism, sparking campus protests when he visited […]

Banking

Zenith Bank to raise $500m via Eurobond, rights issue

Zenith Bank Plc says it plans to raise up to $500 million in fresh capital through a Eurobond issuance and a rights issue, as part of efforts to strengthen its balance sheet and comply with the Central Bank of Nigeria’s new minimum capital requirements. In a notice to the Nigerian Exchange Limited on Sunday, the […]

Business

4% FOB levy’ll add ₦4trn to freight costs, Importers warn

The Importers Association of Nigeria has declared that the four per cent free on-board, FOB levy is estimated to add N4 trillion annually to freight costs, a burden that would be transferred directly to consumers. Speaking at its National Executive Committee meeting, National President/Board of Trustee Chairman, Chief Gilbert Obi, warned that the levy would […]

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