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Business

GenCos face grid disconnect as NERC orders governor control activation

The Nigerian Electricity Regulatory Commission has directed all electricity generation companies connected to the national grid to implement Free Governor Control across their generating units, warning that non-compliance could lead to steep penalties, including disconnection. The directive, referenced NERC/2025/094, was signed on August 26, 2025, by Vice-Chairman Musiliu Oseni and Commissioner for Legal, Licensing & […]

Aviation

FAAN’s makeshift terminal plan delays N712bn airport renovation

The N712bn refurbishment of Murtala Muhammed Airport Terminal 1 may be delayed by up to three months as the Federal Airport Authority of Nigeria plans to build a temporary terminal. FAAN told the Airline Operators of Nigeria that the interim facility will serve airline staff, airport workers, and passengers while the old terminal is renovated, […]

Transportation

Petrol tanker overturns, bursts into flames in Lagos

A petrol-laden tanker burst into flames on Sunday around Iyana-Isolo, inward Oshodi, in Lagos State after the driver lost control and the vehicle overturned. According to the spokesperson of the Lagos State Traffic Management Authority, Adebayo Taofiq, the explosion spread to at least four trucks parked nearby. He said no casualties were recorded in the […]

Dangote Plc becomes most valuable company in Nigeria
Business

Dangote Group mourns Phyna’s sister Ruth Otabor

The Dangote Group has mourned the passing of Ruth Otabor, who died from injuries sustained in a recent accident involving one of its trucks in Auchi, Edo State. In a statement posted on its X account and signed by management on Sunday, the company confirmed that Ruth, sister of reality TV star Phyna, had been […]

How FG can boost Nigeria's digital growth - Analyst
Business

Nigeria’s broadband penetration falls again in July

Nigeria’s broadband penetration declined for the second straight month in July, raising further doubts about the country’s ability to meet its 70 per cent penetration target by the end of 2025. Latest data from the Nigerian Communications Commission show that penetration fell to 48.01 per cent in July, down from 48.7 per cent in June […]

Travel

US mission announces holiday closure of Abuja, Lagos offices

The United States Mission in Nigeria has said its Embassy in Abuja and Consulate General in Lagos will be closed on Monday, September 1, 2025, to mark the U.S. Labour Day holiday. The announcement, posted Sunday on the Mission’s official X account, noted that the closure is in line with the American holiday established in […]

Business

Nigerian entertainment industry to hit $13.6bn by 2028 — Report

The Nigerian entertainment industry is projected to hit $13.6 billion by 2028, according to a new report by the Rome Business School Nigeria. The study, titled “The Entertainment Business in Nigeria: A Model for Export,” highlights how Nigerian musicians, filmmakers, digital creators, fashion designers, and comedians are reshaping global culture. Valued at $9 billion in […]

Business

Nigeria’s box office crosses N10bn mark in August

Nigeria’s box office has hit a new milestone, raking in over N10 billion in ticket sales by the end of August 2025. This marks a 58% jump from the N6.4 billion recorded in the same period last year, underscoring Nollywood’s growing influence and the resilience of the country’s cinema culture. Cinema admissions climbed to 1.84 […]

Business

Thousands rally across Australia in anti-immigration protests

Thousands of Australians took part in anti-immigration rallies on Sunday, which the centre-left government condemned as hate-driven events with links to neo-Nazi groups. The “March for Australia” demonstrations were staged in Sydney, as well as in other state capitals and regional centres, according to the organisers’ website. “Mass migration has torn at the bonds that […]

Business

Gas flaring drops despite production surge, says NUPRC

Nigeria has recorded a major energy milestone as gas flaring dropped to 7.16 per cent in July 2025, despite an increase in daily gas production to 7.59 billion standard cubic feet per day. The Nigerian Upstream Petroleum Regulatory Commission made this disclosure in a statement on Saturday. “The simultaneous growth in output and decline in […]