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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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featured Oil and Gas

Iran sets up new body to manage Strait of Hormuz

Iran’s top security authority said on Monday it has established a new body to oversee operations in the Strait of Hormuz, a strategic waterway Tehran has effectively restricted and is now seeking to impose charges on vessels passing through. In a post on its official X account, the Supreme National Security Council announced the creation […]

Electricity

NDPHC pledges extra 1,500MW power boost for Lagos

The Managing Director and Chief Executive Officer of Niger Delta Power Holding Company, Engr. Jennifer Adighije, has said the company is ready to supply an additional 1,500 megawatts of electricity to Lagos. She disclosed this during a courtesy visit to the Managing Director and Chief Executive Officer of the Lagos State Electricity Regulatory Commission, Mrs […]

Finance

Nigerian stock market gains ₦3.34trn in bullish week

The Nigerian stock market extended its bullish run last week, as investors reaped N3.34 trillion gain. Sustained buying interest in banking, consumer goods and selected industrial stocks outweighed pockets of profit-taking witnessed across some other sectors of the market. The positive close on the Nigerian Exchange further reinforced investor confidence in the market. Institutional and […]

Manufacturers, importers to stop supplying drugs to Kano market
Business

ICYMI: NAFDAC clears BON Bread over viral shelf-life claims

The National Agency for Food and Drug Administration and Control has cleared BON Bread producer, Food & Food Integrated Company Limited, of any regulatory violation after viral claims alleged that the product had an unusually long shelf life. The agency said in a statement on Sunday that the decision followed a scientific investigation initiated in […]

Business

NPA to host regional maritime talks on port development

The Minister of Marine and Blue Economy, Gboyega Oyetola, is set to declare open the Board of Directors meeting of the Port Management Association of West and Central Africa on Monday in Lagos. According to the Nigerian Ports Authority, the three-day meeting, scheduled for May 18 to 20, will convene chief executives and senior maritime […]

Samsung blames US AI chip sanctions for profit slump, shares dip
Business

S’Korean leader seeks balance between labour, business rights amid Samsung strike

South Korea’s President Lee Jae Myung on Monday urged a balance between labour and management rights as a potential 18-day strike at Samsung Electronics approaches. In a post on X in Korean, he said labour rights should be respected as much as business interests, while corporate management rights should also be given equal respect. “Excess […]

featured Food

Dangote pledges massive fertiliser push for Africa food security

President of the Dangote Group, Aliko Dangote, has reaffirmed his commitment to boosting food security across Africa through large-scale fertiliser investments. He declared that the continent has the capacity to feed itself and become a net exporter of agricultural products. Dangote made this known while addressing journalists in Gode, in Ethiopia’s Somali region. The occasion […]

featured Finance

Naira shows slight fluctuations against US dollar in FX markets

The naira traded with slight fluctuations against the United States dollar across the official and parallel foreign exchange markets on Monday, May 18, 2026. Demand pressure for forex persisted during the trading session. Data from the Nigerian Foreign Exchange Market (NFEM) showed the official exchange rate hovering around ₦1,371 per dollar. This was according to […]

SEC to strengthen borrowing regulatory framework in Nigeria
Scams

SEC warns Nigerians against risky unregistered online investment schemes

The Securities and Exchange Commission has warned Nigerians against investing in unregistered online investment schemes being aggressively promoted on social media platforms, cautioning that many of them exhibit characteristics of Ponzi schemes. The warning was contained in a public notice dated May 8, 2026, and published on the Commission’s official communication channels. Several of the […]

Why Nigerian insurance is one of the lowest globally - CPPE
Business

CPPE warns CBN against further interest rate hikes

The Centre for the Promotion of Private Enterprise has cautioned the Central Bank of Nigeria’s Monetary Policy Committee against raising interest rates further, warning that additional tightening could undermine the fragile economic recovery and intensify pressure on businesses and households. The economic advocacy body issued the caution ahead of the MPC’s 305th meeting, where members […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Business

First Bank unveils dual card rollout in partnership with Visa

First Bank of Nigeria Limited has partnered with global payments company Visa to introduce two new products, the Visa Signature Card and the Naira Visa Debit Card, in a dual launch designed to reshape digital payments for different customer segments. The rollout delivers greater payment flexibility, highlighted by the premium Visa Signature Card, which comes […]

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