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Millions of workers globally lack social protection, ILO warns

The International Labour Organisation has warned on the state of global social protection systems, declaring that millions of workers remain exposed due to inadequate coverage, weak benefits, and unsustainable financing structures. In its latest report titled “Universal Social Protection in Changing Labour Markets: Protecting Workers in All Types of Employment,” the ILO called for sweeping […]

Business

Customs deploy AI to boost revenue, curb audit gaps

The Nigeria Customs Service on Monday unveiled plans to deploy artificial intelligence to boost revenue generation, enhance remittances, and curb audit queries. The move comes as the agency intensifies engagement with lawmakers and fiscal authorities, redefining its long-standing oversight relationship with the National Assembly. Speaking at the opening of a three-day training on AI-driven revenue […]

Access Bank nears final stages of National Bank of Kenya acquisition
Banking

Access Bank retains Nigeria’s most valuable brand title for fifth year

Access Bank Plc has retained its position as Nigeria’s Most Valuable Brand for the fifth consecutive year, reinforcing its dominance in the corporate sector. The recognition is contained in the Brand Finance Nigeria 25 2026 report, which ranks leading brands in the country based on brand value, strength, and overall performance. According to the report, […]

News

Insecurity: Bauchi gov suspends cattle markets

Bauchi State Governor Bala Mohammed has approved the immediate suspension of all commercial activities in selected cattle markets across Alkaleri, Bauchi, Kirfi and Tafawa Balewa local government areas of the state. According to The PUNCH, the directive was disclosed in a statement issued on Thursday by the governor’s Special Adviser on Media and Publicity, Mukhtar […]

Business

Nigeria, Morocco advance transcontinental $25bn gas project

Nigeria and Morocco are moving closer to advancing their long-planned transcontinental gas project, with both countries set to sign an intergovernmental agreement this year for the $25bn pipeline. The deal is expected to formalise political and regulatory commitments for the ambitious initiative, marking a key milestone in the development of the proposed 6,900-kilometre African Atlantic […]

Business

Oil output in Gulf states tumbles amid Iran war

Crude oil output across major Gulf Arab exporters fell sharply in March amid the Iran war. Iraq recorded the steepest decline, with production plunging 61 per cent from 4.2 million barrels per day in February to 1.6 million bpd in March, according to OPEC data released Monday. Kuwait and the United Arab Emirates also saw […]

Business

US begins naval blockade of Iran after talks fail

The United States on Monday began enforcing a naval blockade targeting Iranian maritime traffic, sharply escalating tensions in the Gulf just hours after high-level talks between Washington and Tehran in Pakistan ended without agreement. The move, announced by President Donald Trump, followed negotiations in Islamabad that failed to produce a breakthrough despite what participants described […]

Business

PETROAN backs W’Bank fuel import call to boost competition

The Petroleum Products Retail Outlets Owners Association of Nigeria has endorsed the World Bank’s recommendation that Nigeria permit the importation of petroleum products, stating that the move would boost competition and help stabilise prices in the downstream sector. In its Nigeria Development Update report released on April 7, the World Bank urged the country to […]

featured Scams

Diezani denies taking bribes in UK corruption trial

Former Petroleum Minister, Diezani Alison-Madueke, accused of benefitting from proceeds of corruption in the United Kingdom in exchange for granting government contracts has denied taking bribes. Diezani, 65, told Southwark Crown Court on Monday that she had “tried to push back on corruption” in a country plagued by it since the days it was a […]

NAICOM warns insurers over 2026 recapitalisation deadline
Business

NAICOM workers stage protest over staff welfare concerns

Members of the Association of Senior Civil Servants of Nigeria at the National Insurance Commission staged a peaceful picket to protest what they described as unfair labour practices and the neglect of staff welfare by management. Addressing the demonstration on Monday, Ibrahim Mustapha, chairman of the ASCSN NAICOM unit, accused the commission’s leadership of failing […]

Banking

EFCC warns banks against loans without credible collateral

The Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral, warning that such practices often result in insider abuse and non-performing loans. Olukoyede gave the warning recently when he received the Chief Audit Executive of First Bank Plc, Mufutau Abiola, who led a […]