Business

International Breweries posts ₦40.31bn pre-tax profit in Q1

  • 25th April 2026
Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC arrests ex-Skye Bank CEO Tunde Ayeni over

  • 25th April 2026

Oil prices hit $105 as US-Iran ceasefire talks

  • 24th April 2026

NUPRC heads to appeal court over Dawes Island

  • 24th April 2026

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FG approves Air Peace for direct Nigeria-Brazil flights as strategic aviation routes

Fuel hike: Air Peace cuts Abuja-London flights to three

Aviation featured

International Breweries posts ₦40.31bn pre-tax profit in Q1

Business

United Capital approves ₦18bn total dividend payout for 2025

Finance
Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC nabs Cameroonian in ₦1.5bn first-generation bank fraud

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Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Crypto

Bitcoin falls to $68,150 as geopolitical risk fuels crypto selloff

Bitcoin and other cryptocurrencies slid again as escalating geopolitical tensions between the United States, Israel, and Iran triggered renewed risk-off sentiment across global markets. Bitcoin fell as much as 3.3 per cent on Sunday, dropping to around $68,150, its weakest level since early March. The selloff was even sharper across altcoins, with Ether losing nearly […]

Finance

Taraba pays ₦5bn to pensioners, adopts NSITF compensation scheme

Taraba State has paid out N5 billion to pensioners while committing to fully adopt the Employees’ Compensation Scheme of the Nigeria Social Insurance Trust Fund. Officials described the development as a significant step toward enhancing workers’ welfare and social protection in the state. The move followed a high-level visit to Jalingo by the Managing Director […]

Business

Japan urges calm as toilet paper panic buying resurface

The government of Japan has urged citizens not to engage in panic buying of toilet paper amid social media claims that people are beginning to stockpile essential goods over fears linked to the Middle East conflict. Stockpiling toilet paper previously became widespread in Japan during the 1973 oil shock, which led to the country’s first […]

Labour advocates annual minimum wage adjustment to reflect inflation
featured

Ajaero blasts N6tn GenCo bailout, says Nigerians pay for darkness

The Nigeria Labour Congress has rejected the Federal Government’s proposed N6 trillion bailout for power generation companies, describing it as a short-term fix that does not address Nigeria’s deep-rooted energy crisis. NLC President Joe Ajaero said the power sector remains a heavy burden on Nigerians, accusing elites of profiteering through subsidy claims and high tariffs […]

MTN Nigeria to build infrastructure for network platform
featured

MTN rebounds with N1.1tn profit in 2025 financial year

MTN Nigeria has reported a profit of N1.1 trillion for the 2025 financial year, marking a sharp turnaround from the challenges faced in 2024 and reflecting a strong rebound in Nigeria’s digital economy. Speaking on Channels Television, the Chief Financial Officer of MTN Nigeria, Modupe Kadri, outlined the company’s performance, noting a 22.9 per cent […]

NAICOM warns insurers over 2026 recapitalisation deadline
Business

No extension for insurance recapitalisation exercise – NAICOM

The National Insurance Commission has ruled out any extension of the ongoing insurance recapitalisation exercise, with the Commissioner for Insurance, Olusegun Omosehin, stressing that “the 31 July deadline is sacrosanct.” Speaking at a high-level media briefing in Lagos, Omosehin expressed concern over the slow pace of compliance by several firms, describing the industry’s response as […]

Air cargo demand rises by 18.4% January - IATA
Aviation

Rising jet fuel costs signal imminent airfare hike

There are signs that airfares could rise in the coming weeks as the cost of aviation fuel, known as Jet A1, continues to increase, adding pressure on airline operations and pointing to higher ticket prices for passengers. The surge in Jet A1 prices is largely driven by the Middle East crisis, which has disrupted crude […]

Leave Twitter, focus on Tesla, Investors tell Elon Musk
Tech

Musk eyes chip manufacturing company for Tesla, SpaceX

Elon Musk has outlined ambitious plans for a chip manufacturing collaboration involving his companies Tesla and SpaceX. Musk shared the plans on Saturday night at an event in downtown Austin, Texas, according to Bloomberg. A photo from the event suggests that the proposed “Terafab” facility would be located near Tesla’s Austin headquarters and its “Gigafactory.” […]

Banking

Excess cash floods banking system as liquidity hits N8.06tn

Nigeria’s banking system liquidity rose sharply to N8.06 trillion as commercial banks parked more funds at the Central Bank of Nigeria’s Standing Deposit Facility, signaling a buildup of excess cash in the financial system. Data from the Central Bank of Nigeria showed the figure at the end of a three-day trading period that closed on […]

Business

Dangote ships 456,000 tonnes of refined products to global markets

The Dangote Petroleum Refinery has exported 456,000 tonnes of refined petroleum products across 12 cargoes lifted by international traders. Industry sources said the shipments, consisting of Premium Motor Spirit, were delivered to several African countries, including Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo, according to Nairameteics. This comes after the refinery attained its full nameplate […]

Why FG should reveal names of subsidy beneficiaries - NLC
Electricity

NLC rejects ₦6trn bailout for power generation firms

The Nigeria Labour Congress has rejected the proposed N6 trillion bailout for power generation companies. The union stated that repeated financial interventions have failed to improve electricity supply across the country. NLC President Joe Ajaero made this known in a statement issued on Sunday in Abuja. He called for urgent structural reforms in the energy […]

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