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Reps move to reform aviation laws, propose new revenue-sharing

Business

Flight cancelled in Canada after child refuses to fasten

Aviation

NCC grants Enugu 15-year lease to operate digital industrial

Business

Italian divers discover 2,000-year-old Roman shipwreck

Business

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featured Finance

FG to release 2024 budget performance September ending

The Federal Government has said it will release the long-awaited Budget Performance Report for 2024 by the end of September 2025, alongside outstanding reports for the first and second quarters of 2025, in a move aimed at restoring compliance with fiscal reporting requirements. In a statement released on Friday, the Budget Office of the Federation […]

Business

Crackdown on illegal mining protects resources, boosts revenue – NSCDC

The Nigeria Security and Civil Defence Corps says its crackdown on illegal mining has helped protect the country’s mineral resources and boost government revenue. Commandant General Ahmed Abubakar Audi, represented by the assistant commandant and head of the Mining Marshals, Attah John Onoja made this disclosure on Thursday at a national stakeholders and civil society […]

C'River's 20km Road to boost economic growth - Lafarge
Business

Holcim sells 83.8% stake in Lafarge Africa to Huaxin Cement

Holcim, the Swiss building materials giant, has finalized the sale of its 83.81 percent stake in Lafarge Africa Plc to China’s Huaxin Cement. In a statement on Friday, the company said the deal was valued at $1 billion on a 100 percent equity basis, subject to dividend adjustments. The transaction comes eight months after Holcim […]

Policy and Regulations

Group seeks clear transition plan on Shea nut export ban

The Alliance for Economic Research and Ethics has urged the Federal Government to provide clear transition plans and sector-wide consultations before enforcing its ban on raw shea nut exports. The Chairman of the trade group, Dele Oye, warned in a statement that immediate policy reversal without adequate transition measures would undermine ongoing commitments, investment plans, […]

Telecommunications

T2 partners Huawei to rebuild ailing core network

T2, the Nigerian telecom operator formerly known as 9mobile, has turned to Chinese infrastructure giant Huawei to rebuild its core network in what it describes as the start of a long-awaited turnaround. The multi-dollar deal marks the company’s first major move since rebranding earlier this month. Backed by new investment and a fresh identity, T2 […]

Electricity

TCN denies explosion caused Anambra, Enugu river power outage

The Transmission Company of Nigeria has dismissed claims by the Enugu Electricity Distribution Company Plc that an explosion at its Onitsha Sub-Region station was responsible for the recent power outage in parts of Anambra State and Oji River in Enugu State. According to a statement signed by the company’s spokesperson, Ndidi Mbah, on Thursday, the […]

Opinion

Build economic growth on productivity not inflation, NESG tells FG

The Nigeria Economic Summit Group has called on the Federal Government to anchor its economic growth objectives on productivity and not inflation. Making this call in a report on the outcome of the Gross Domestic Product rebasing exercise recently concluded by the National Bureau of Statistics, NESG said: “The rebasing of Nigeria’s GDP is more […]

Bitcoin demand hits two-year high Argentina amid local currency crash
Crypto featured

Trump’s son urges Hong Kong to buy bitcoin, predicts $1m price

Eric Trump, son of the United States president Donald Trump, urged a crowd in Hong Kong on Friday to buy bitcoin during a trip to Asia where his crypto company is reportedly seeking acquisitions. US cryptocurrency investors were major supporters of Donald Trump’s presidential campaign, contributing millions of dollars toward his victory in hopes of […]

YouTube to tighten gambling content policies
Tech

YouTube, Fox strike deal to keep channels on platform

YouTube and Fox on Friday announced a new distribution agreement that will keep Fox News, Fox Sports, and other Fox channels available on YouTube TV. The deal follows a short-term extension both companies had earlier reached to avoid service disruptions for subscribers. ” We’re pleased to have reached a deal that preserves the value of […]

Aviation auditors begin security audits of Lagos, Abuja airports
Business

FG secures 200 hectares Lekki land for building materials hub

The Federal Government has secured 200 hectares of land in the Lekki Free Trade Zone, Lagos, to establish a building materials hub aimed at reducing housing construction costs nationwide. Housing and Urban Development Minister, Ahmed Dangiwa, revealed this during a tour of the Lekki and Lagos Free Zones, according to NAN. He said the hub […]

Naira and Dollar displayed
featured Finance

Naira records highest single-day gain at official FX market

The Naira on Thursday recorded the highest single-day gain against the dollar at the official foreign exchange market this week amid a continued rise in the country’s external reserves, hitting $41.24 billion. The Central Bank of Nigeria’s data showed that the Naira appreciated to N1,535.47 per dollar on Thursday, up from N1,537.07 on Wednesday. This […]

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