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First Bank lays off 100 senior staff in restructuring move

Nestoil to sue First Bank, media houses over

  • 5th May 2026

Maersk confirms safe passage of ship through Hormuz

  • 5th May 2026

Victoria Island leads Lagos hotel boom with 10

  • 4th May 2026
JAPA: Overstay your visa, face permanent ban, US warns Nigerians

NIS denies religious organisation listed on passport portal

  • 4th May 2026

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First Bank lays off 100 senior staff in restructuring move

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Falana urges urgent development of Makoko in public interest

Femi Falana, SAN, has urged the Lagos State Government to develop the Makoko waterfront settlements in the interest of the public. Falana made the call on Tuesday at a press conference organised by the Coalition Against Demolitions, Forced Evictions, Land Grabbing and Displacements in Lagos. The appeal comes after the Lagos State Government began demolishing […]

Business

SEC DG secures second term as IOSCO regional vice-chair

The Director-General of the Securities and Exchange Commission, Emomotimi Agama, has been re-elected as Vice-Chair of the Africa/Middle East Regional Committee of the International Organization of Securities Commissions for a second term. The commission said on Tuesday that his new tenure will run from 2026 to 2028. Agama initially assumed the role on August 10, […]

Business

FG launches national single window to cut port delays

The Federal Government has rolled out Phase 1 of the National Single Window, a digital trade platform aimed at reducing cargo dwell time at Nigeria’s major ports from an average of 21 days to less than seven days by 2026. This was disclosed in a media briefing issued by the Office of the Honourable Minister […]

News

NMEC targets 300,000 youths in fight against adult illiteracy

Nigeria’s National Commission for Mass Literacy, Adult and Non-Formal Education, launched a staff-led initiative on Tuesday aimed at addressing adult illiteracy and promoting functional skills among youths and adults. The Staff-Led Literacy Facilitation Initiative will see NMEC employees directly establish and run literacy centres in communities identified as having high needs. Speaking at the launch […]

Electricity

Ikeja DisCo cites gas shortage for poor supply

Ikeja Electric, the electricity distribution company responsible for power supply in parts of Lagos, has said residents and businesses are experiencing persistent power outages due to a nationwide drop in electricity generation. The company disclosed this on Tuesday through its Head of Corporate Communications, Kingsley Okotie, in an interview with the News Agency of Nigeria. […]

Business

Unilever Nigeria’s profit surges 128% to ₦51.7bn

Unilever Nigeria Plc has reported a pre-tax profit of N51.7 billion, up 128.4% Year on Year, for the financial year ended December 31, 2025. According to its audited statements filed on the Nigerian Exchange, this growth was driven mainly by revenue, with full-year sales rising to N214.3 billion from N149.5 billion in 2024. Domestic sales […]

Business

FG moves to tackle gas shortages disrupting power supply

Nigeria’s federal government has said it is taking steps to tackle persistent gas shortages disrupting electricity generation, as power supply across the country remains unstable. Minister of Power, Adebayo Adelabu, made this disclosure in Abuja. Adelabu said that the government targeted interventions are already underway to improve gas supply to thermal power plants. For years, […]

Dangote names Lekki refinery road after Wigwe
Opinion

UK deal signals growing investor confidence in Nigeria — Dangote

Africa’s richest man, Aliko Dangote, has hailed a major £746 million financing agreement secured during President Bola Tinubu’s recent state visit to the United Kingdom as a clear sign of rising international confidence in Nigeria’s economy. Speaking to journalists after a courtesy visit to President Tinubu at his Lagos residence on Monday, Dangote described the […]

Technology

Russia launches satellites for Starlink-style internet network

Russia’s Bureau 1440 space company has launched 16 broadband internet satellites, taking an early step toward building a low-Earth orbit network that officials describe as a domestic alternative to SpaceX’s Starlink. The satellites were launched at 8:24 p.m. on Monday and have since been placed under the company’s mission control after reaching their target reference […]

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