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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

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France hit by major blackout as extreme heat

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African family-owned firms outperform global peers despite inflation –

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Poor transparency validation could scare off investors, NEITI warns

Business

Terrorism: EFCC probed Lagos BDC operator before US sanctions,

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Africa studies Nigeria’s local content model for adoption —

Entertainment

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

First HoldCo elevates Omodayo-Owotuga to executive director role

FirstBank of Nigeria Limited, a subsidiary of First HoldCo Plc, has appointed Dr Julius B. Omodayo-Owotuga as Executive Director, effective May 13, 2026, in a move aimed at strengthening its leadership across finance, governance, risk management and transformation. The appointment, announced via a filing on the Nigerian Exchange, noted that Omodayo brings 24 years of […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Business

Nigerians use 45,800 terabytes of data daily — NCC

The Nigerian Communications Commission has disclosed that Nigerians now use about 45,800 terabytes of data daily, underscoring the country’s growing reliance on internet services and digital platforms. The Executive Vice Chairman and Chief Executive Officer of the commission, Aminu Maida, made this disclosure on Thursday at the 2026 Workshop for Judges on Legal Issues in […]

Economy

Nigeria’s inflation rose to 16.42% in April

Nigeria’s headline inflation is forecast to rise to 16.42 per cent year-on-year in April 2026, as sustained pressure from food prices, higher energy costs and elevated global commodity prices continue to shape the domestic price environment. The projection is contained in the Financial Market Dealers Association Inflation Forecast report for April 2026, released on Wednesday, […]

Investment

PenCom grants PFAs waiver to invest in Dangote Refinery IPO

The National Pension Commission has granted Pension Fund Administrators a special regulatory waiver allowing them to invest pension assets in the upcoming Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals FZE. Nairametrics reported that the waiver, announced in a circular dated May 13, 2026, effectively suspends several investment restrictions, marking a significant shift in […]

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VIDEO: Victims loot XM ponzi office in Badagry after crash

Angry victims of the recently crashed “XM Future Music Group” investment platform have reportedly looted the company’s office in the Apa area of Badagry, Lagos State, after losing access to their funds. Videos circulating online showed residents and suspected investors storming the abandoned office and carting away items, including generators, plastic chairs, fans, televisions and […]

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‘Stop giving Tinubu’s govt loans’, Nigerians on X warn World Bank

Economists and Nigerians have raised concerns about Nigeria’s debt level, describing it as a high-risk fiscal state, warning that improvement is necessary despite stability in some critical debt measures. Nigerians have taken to social media, urging the World Bank to reject the recent proposed $1.2 billion loan request. The Nigerian Economic Summit Group has cautioned […]

Oil and Gas

Why we rejected NNPCL’s bid to increase stake in refinery — Dangote

President of the Dangote Group, Aliko Dangote, has disclosed that the company turned down efforts by the Nigerian National Petroleum Company Limited to raise its 7.25 per cent equity holding in the Dangote Petroleum Refinery. The PUNCH reported that Dangote made the revelation during an interview with Nicolai Tangen, the chief executive officer of the […]

Investment

Nigeria seals €365m deal with Germany for devt, export credit deal

Nigeria and Germany have sealed a €65 million development cooperation deal and a €300 million export credit facility aimed at unlocking private investment and easing financing for key sectors. Vanguard reported that the agreement was reached in Abuja on Wednesday at the opening of a two-day bilateral negotiations on development cooperation between Germany’s Federal Ministry […]

Aviation

Air Peace Lagos-London flight disrupted over airspace issues

West Africa’s largest airline, Air Peace, has disclosed that its scheduled Lagos–London Gatwick service of May 13 experienced an operational disruption. The airline said the development followed enroute access issues involving the airspace authorities of an African country. A statement by its management, however, said the aircraft safely returned to Lagos in accordance with established […]

Aviation featured

Presidential air fleet gulps ₦4.24bn despite low budget — Report

The Presidential Air Fleet received at least N4.24bn in disbursements between June and December 2025, the latest updates on GovSpend, a civic technology platform that tracks and analyses Federal Government spending, have revealed. Findings by The PUNCH also revealed that the disbursements, made into the Presidential Air Fleet naira transit account operated by the Presidential […]

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Electricity

TCN to shut down power for six hours in Ogun communities

The Transmission Company of Nigeria has announced a planned six-hour power outage affecting several communities in Ogun State on Thursday, May 14, 2026. According to a statement released by TCN on its X handle on Thursday, the outage is due to scheduled maintenance on the 40MVA 132/33KV power transformer at the McPherson Transmission Substation. The […]

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