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African family businesses outperform global peers in growth

  • 25th June 2026

Poor transparency validation could scare off investors, NEITI

  • 25th June 2026

African cocoa farmers demand $6000/tonne floor price

  • 25th June 2026

Reps expand probe of airport, seaport concessions

  • 25th June 2026

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Spanish police arrest ‘Mango’ billionaire’s son in possible homicide investigation

Jonathan Andic, the son of late Mango founder Isak Andic, has been arrested in Spain over the 2024 death of his billionaire father, in a case that authorities are now treating as a possible homicide. AFP reported that the arrest was confirmed on Tuesday by the Mossos d’Esquadra, Catalonia’s regional police force, after investigators reopened […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira records mixed performance against dollar across FX markets

The Nigerian naira traded with mixed performance against the United States dollar on Wednesday, May 20, 2026, across the official Nigerian Foreign Exchange Market and the parallel market amid continued demand for foreign exchange. Data published by the Central Bank of Nigeria showed that the naira closed at about ₦1,373.65 per dollar at the official […]

Business

Tax revenue hits N7.44tn in Q1 2026

Nigeria’s tax revenue climbed to N7.44 trillion in Q1 2026, but still fell short of its budget benchmark by N2.24 trillion despite ongoing reforms under the new tax regime. Data presented by the Nigeria Revenue Service at the Federation Account Allocation Committee meetings and obtained by Nairametrics showed that total collections between January and March […]

featured Oil and Gas

Nigeria’s oil exploration dropped sharply in April — OPEC

Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following reduced upstream operations and investment activities. According to the May 2026 Monthly Oil Market Report of the Organization of the Petroleum Exporting Countries, Nigeria’s rig count – a major indicator of upstream oil and gas activities – dropped to 12 […]

New SEC regulation to enhance transparency in bank recapitalization
featured Finance

SEC announces shift to T+1 settlement cycle for Nigerian capital market

The Securities and Exchange Commission has announced the transition to a T+1 settlement cycle for equities and commodities transactions with effect from Monday June 1, 2026. The Commission in a notice, outlined a comprehensive framework that all capital market operators and relevant stakeholders are encouraged to adopt in preparation for this significant change. The Commission […]

Tech

Google overhauls Gemini app in major AI push

Google unveiled a major upgrade to its Gemini app at its annual I/O event, adding a suite of new features designed to reposition it as a full-scale AI hub. The updates include a “Daily Brief” feature that delivers personalised summaries, a redesigned user interface, and access to a new AI video generation model called Gemini […]

Aviation

China confirms deal to buy 200 aircraft from Boeing

China’s Ministry of Commerce Ministry of Commerce of the People’s Republic of China has confirmed an agreement for China to purchase 200 aircraft from Boeing, along with engines and spare parts. A ministry official said the aviation sector remains a key area for strengthening economic cooperation between China and the United States. “In accordance with […]

Aviation

IATA calls for digitalisation of ground handling to boost efficiency

The International Air Transport Association has urged the aviation industry to modernise and digitise ground handling operations to curb aircraft damage and boost efficiency. Highlighting the importance of upgrading ground support equipment fleets, IATA’s Director of Ground Operations, Monika Mejstrikova, noted that ground-related aircraft damage continues to rank among the sector’s most persistent operational and […]

Business

South African investors show interest in Dangote Refinery plans

South Africa’s leading pension and investment institutions are exploring potential investment opportunities in the Dangote Petroleum Refinery and Petrochemicals following a high-level visit to the facility. According to a company statement on Tuesday, delegates from the South African Government Employees Pension Fund, the Public Investment Corporation, and Alterra Capital Partners visited the Dangote Petroleum Refinery […]

Dangote names Lekki refinery road after Wigwe
Business

Dangote begins work on 10,000-hectare deep seaport in Ogun

Dangote Industries Limited has begun preliminary steps toward developing a 10,000-hectare deep seaport at the Olokola Free Trade Zone in Ogun State, as part of its wider push into maritime infrastructure, logistics, and export-led industrial development. The company said the multi-billion-dollar project aligns with its Vision 2030 strategy, which aims to establish the group as […]

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