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Business

GSMA urges governments to open upper 6GHz for mobile services

Mobile network operators are urging governments and regulators to open up the upper 6GHz spectrum for mobile services as growing data consumption puts increasing pressure on network capacity and the industry prepares for next-generation connectivity. The upper 6GHz band, which spans 6.425GHz to 7.125GHz, is now supported for mobile use by countries representing more than […]

Business

Dangote acquires 4,000 equipment for refinery expansion

Dangote Industries Limited has acquired an additional 4,000 pieces of construction equipment as part of plans to expand its Lekki refinery to a capacity of 1.4 million barrels per day. The latest acquisition brings the company’s construction equipment fleet to 6,500 machines. The Group Vice President, Oil and Gas and Fertiliser, Devakumar Edwin, disclosed this […]

News

NDLEA seizes drugs worth ₦3.4bn in multi-state operations

Operatives of the National Drug Law Enforcement Agency have intercepted more than 1.3 million pills and capsules of tramadol and other opioids, along with 6,000kg of cannabis, in a series of operations spanning eight states and the Federal Capital Territory. The agency disclosed that the combined seizures carry a street value of more than N3.4 […]

News

Edible oil tanker drivers threaten strike over union interference

Edible oil tanker drivers in Nigeria have threatened to embark on industrial action from September 22, citing alleged interference in their operations by the Petroleum Tanker Drivers branch of the Nigeria Union of Petroleum and Natural Gas Workers. This was disclosed by the General Secretary of the National Union of Edible Oil Tanker Drivers of […]

Life Style

Binance founder’s wealth jumps 12% to $91.2bn in 24 hours — Forbes

Binance founder Changpeng Zhao added $9.76 billion to his personal fortune within a single 24-hour window, pushing his net worth to $91.2 billion, Forbes’ real-time billionaire tracker has shown, with his Binance stake remaining the primary driver of his wealth. The jump, logged on September 20, 2026, translates to a one-day gain of roughly 12 […]

Policy and Regulations

RMAFC inaugurates committee to verify disputed oil wells

The Federal Government has taken steps to ensure a fairer distribution of the 13 per cent derivation fund among oil-producing states through the re-verification of disputed and newly drilled oil and gas wells. This followed the inauguration of the reconstituted Inter-Agency Technical Committee by the Revenue Mobilisation Allocation and Fiscal Commission, according to a press […]

Oil and Gas

Explain funding for fuel subsidy return, APC-PCC tells Atiku

The Presidential Campaign Council of the All Progressives Congress has asked Atiku Abubakar, presidential candidate of the African Democratic Congress, to clarify the legal and financial foundation of his proposed production subsidy for petrol refined within Nigeria. The APC-PCC said Atiku needs to explain how such a scheme would work under the provisions of the […]

featured Helth

NESG pushes for national PPP framework in healthcare sector

The Nigerian Economic Summit Group has called for the establishment of a national framework for public-private partnerships in primary healthcare to attract more private investment and improve access to quality healthcare services across the country. The group also proposed the creation of a dedicated primary healthcare investment and risk-sharing facility to give investors clearer information […]

featured Insurance

Insurance penetration still below 1% of GDP — AXA Mansard

Insurance penetration in Nigeria remains below one per cent of the country’s Gross Domestic Product, despite the nation’s population of more than 220 million people. According to The Nation, the Chief Executive Officer of AXA Mansard Insurance, Kunle Ahmed, disclosed this at the launch of the company’s “Culture of Care” campaign, saying the challenge confronting […]

featured Life Style

Otedola’s net worth hits $2bn for first time

Nigerian billionaire Femi Otedola’s net worth has climbed to $2 billion, marking the first time his fortune has reached that threshold, according to Forbes’ latest Real-Time Billionaires data. The new valuation represents a $200 million increase from the $1.8 billion figure Forbes recorded for him in August 2026. It also reflects a jump of roughly […]

Business

Trump announces Greenland security deal with Denmark

President Donald Trump on Friday said the United States had reached an agreement with Denmark and Greenland granting Washington what he described as “permanent control” over the island’s security and other needs. “We will immediately begin the process of developing a large Military presence in the appropriate part of Greenland, of which there are many,” […]

Banking featured

Access Holdings appoints ex-AfDB risk officer as executive director

Access Holdings Plc has announced the appointment of Mr. Ifedayo Olaniyi Orimoloye as Executive Director, Risk Management, of its flagship subsidiary, Access Bank Plc. The appointment follows regulatory approval from the Central Bank of Nigeria, CBN. According to Nairametrics, the appointment takes effect from September 21, 2026, and was disclosed in a statement signed by […]