Business

Tony Elumelu named Seplat chairman in major leadership

  • 9th June 2026

OpenAI files for IPO as AI firms race

  • 9th June 2026

Nigeria’s transmission grid not limiting electricity supply –

  • 9th June 2026

US judge blocks Trump’s $100,000 H-1B visa fee

  • 8th June 2026

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Nigeria’s economy stronger but poverty worsened, IMF warns

Economy

Africa loses billions to corruption, recovers little, Kenyan envoy

Economy

Tony Elumelu named Seplat chairman in major leadership shakeup

Business

Tinubu approves ₦10bn to tackle Ebola threat in Nigeria

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Blog

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Musk nears trillionaire status through SpaceX IPO

Tech billionaire and Tesla Chief Executive Officer, Elon Musk, is on the verge of becoming the world’s first trillionaire, with his fortune projected to exceed an unprecedented $1 trillion if SpaceX proceeds with its expected initial public offering next week. Musk currently holds an estimated $273 billion in Tesla stock and options. However, the planned […]

Oil and Gas

Nigeria misses oil tax revenue target by ₦17.4tn

Nigeria’s petroleum profit and gas tax revenue recorded a shortfall of N17.4 trillion against its target for the first three quarters, underscoring the growing impact of lower crude oil production and declining international oil prices on government earnings. The figures are contained in data released by the Budget Office of the Federation. According to the […]

Investment

Bitcoin, US stocks, gold hit by global selloff

A broad-based global market selloff has rattled financial markets, with Nigerian equities, United States stocks, Bitcoin, and precious metals all coming under pressure following what analysts describe as a major macroeconomic shock affecting investor sentiment worldwide. Nairametrics reported that the Nigerian stock market entered bearish territory at the beginning of June, shedding approximately N5 trillion […]

Helth

WHO unveils $518m plan to contain Ebola outbreak

The World Health Organization has launched a $518 million six-month emergency response plan aimed at containing the ongoing Ebola outbreaks in the Democratic Republic of Congo and Uganda. According to a Reuters report published on Friday, the initiative was announced by WHO Director-General Tedros Adhanom Ghebreyesus alongside the Africa Centres for Disease Control and Prevention. […]

Finance

Nigerian stocks rebound, gain ₦235bn after four-day slide

The Nigerian equities market staged a recovery on Friday, June 6, 2026, ending a four-session losing streak as increased buying interest in insurance and banking stocks pushed the Nigerian Exchange All-Share Index higher by 0.15 per cent to close at 242,593.31 points. The positive performance added N234.73 billion to investors’ wealth. Nairametrics reported that trading […]

Helth

WHO, Africa CDC launch $518m Ebola response strategy

The Africa Centres for Disease Control and Prevention and the World Health Organization have unveiled a joint continental preparedness and response plan to combat the ongoing Ebola outbreak caused by the Bundibugyo virus strain. The six-month initiative, scheduled to run from June to November 2026, aims to mobilise $518 million to support African countries in […]

Helth

PCN seals 572 pharmacies, medicine outlets in Plateau

No fewer than 572 pharmacies, patent medicine stores and illegal medicine outlets have been sealed by the Pharmacy Council of Nigeria across Plateau State. The enforcement action followed various violations of pharmaceutical regulations, including cooking within drug outlets, illegal clinical practice, and unauthorised access to controlled medicines. The Head of Department, Enforcement of the PCN, […]

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Alleged ₦36m fraud: Court reserves ruling on Blessing CEO’s bail

The Economic and Financial Crimes Commission has disclosed that a Federal High Court sitting in Ikoyi, Lagos, has reserved ruling on the bail application filed by social media influencer and relationship therapist, Okoro Blessing Nkiruka, popularly known as Blessing CEO, in her ongoing N36 million fraud trial. The commission made this known in a statement […]

News

Oyo civil servants must upgrade skills for relevance — Commissioner

Civil servants in Oyo State have been urged to pursue knowledge and skills beyond their current capacities in order to remain relevant and effective in the service. The PUNCH reported that the charge was given on Friday by the Oyo State Commissioner for Establishments and Training, Prof. Abdulwaheed Adelabu, while speaking with journalists shortly after […]

Banking featured

Sovereign Trust remits ₦1.5bn capital deposit to CBN

Sovereign Trust Insurance Plc has announced the successful remittance of a N1.5 billion statutory capital deposit to the Central Bank of Nigeria in compliance with regulatory requirements introduced under the Nigerian Insurance Industry Reform Act 2025. Nairametrics reported that the disclosure was contained in a statement issued by the company’s Deputy General Manager and Head […]

featured News

FG to repatriate over 1,000 Nigerians amid S’Africa tensions

The Federal Government has commenced plans to repatriate more than 1,000 Nigerians from South Africa following growing concerns over rising anti-immigrant sentiments and renewed xenophobic tensions in the southern African nation. The PUNCH reported that the development was disclosed on Friday by the spokesperson for Nigeria’s Ministry of Foreign Affairs, Kimiebi Ebienfa, after the commencement […]

Technology

Anthropic urges global AI pause to prevent loss of control

AI giant, Anthropic is calling on frontier AI developers to establish a coordinated, verifiable system for slowing down or temporarily pausing AI development if advanced systems begin improving themselves faster than society can manage the risks. The AI company made the disclosure in a detailed post published on its website, warning that artificial intelligence capable […]

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