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MAN laments sharp decline of bank credit to

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SEC warns against unapproved Dangote refinery IPO promotions

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MAN laments sharp decline of bank credit to manufacturing

Business

SEC warns against unapproved Dangote refinery IPO promotions

Business

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Transportation

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Opinion

NECA queries NNPC refinery deal with chinese firms

The Nigeria Employers’ Consultative Association has raised serious concerns over the recent Memorandum of Understanding signed between the Nigerian National Petroleum Company Limited and Chinese firms for the “restart, completion and expansion” of the Port Harcourt and Warri refineries. It also warned that Nigeria could not afford another failed refinery rehabilitation project. Vanguard reported that […]

featured Investment

Nigerian stock market gains ₦1.1trn as investors return

The Nigerian stock market closed at the weekend on a bullish note as investors gained about N1.1 trillion Week-on-Week driven largely by renewed buying interest in banking and industrial stocks. Data from the Nigerian Exchange Limited showed that the market capitalisation, which represents total value of stocks listed on the Exchange rose to N157.094 trillion […]

featured Finance

Naira trades at ₦1,361 officially, ₦1,395-₦1,405 in parallel FX market

The naira traded within a relatively stable range against the United States dollar on Monday, May 11, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market, amid sustained forex interventions and cautious market sentiment. Data obtained from the Central Bank of Nigeria’s exchange rate portal showed that the official NFEM rate […]

Business

Top 10 FMCG firms incur ₦1.963trn debt in 2025

Analysis of the audited 2025 full-year financial statements of top ten Fast-Moving Consumer Goods companies in Nigeria has revealed that the firms incurred a combined debt burden of about N1.963 trillion, underscoring the mounting pressure facing operators in the consumer goods sector amid soaring inflation, rising interest rates and foreign exchange volatility. Vanguard reported that […]

Samsung reports profit amid AI-driven chip demand
Business

Dua Lipa sues Samsung over unauthorised use of image

British pop star Dua Lipa has filed a $15 million (£11 million) lawsuit against Samsung, accusing the company of using her image on its television packaging without her permission. Lipa alleges that Samsung prominently used a photograph of her face without her consent on packaging for several television models sold across the United States, according […]

Anthropic gives Claude AI power to end conversations
Tech

Anthropic warns fictional AI stories can shape real model behaviour

Anthropic has suggested that fictional depictions of artificial intelligence can influence real AI behaviour. Last year, the company reported that in pre-release testing involving a fictional company, Claude Opus 4 would sometimes attempt to blackmail engineers to prevent being replaced by another system. Anthropic later released research showing that other companies’ models also exhibited similar […]

Business

FEC approves key PPP projects to boost transport, power systems

The Federal Executive Council has approved three public–private partnership initiatives aimed at boosting Nigeria’s transport and power infrastructure. The approved projects include a smart national transport data bank to be developed under the Nigerian Institute of Transport Technology, as well as independent power projects for the Onne Port in Rivers State and the Apapa Port […]

Business

NNPC rules out spending on new refinery rehabilitation deal

New information has surfaced regarding the recently signed Memorandum of Understanding between the Nigerian National Petroleum Company Limited and two Chinese firms — Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd — to explore a potential Technical Equity Partnership aimed at supporting the completion and operation of the Port […]

Finance

NPA ex-workers lament low N30,000 pension despite years of service

The President of the Nigeria Port Authority Pensioners and Welfare Association, Charles Binitie, has revealed that some retired workers under the old pension scheme still receive as low as N30,000 monthly pension despite years of service, even as the association suspended its planned protest following Federal Government intervention. Speaking in an interview with Vanguard Maritime, […]

FG didn't tamper with MTN, 9Mobile, other internet connection - Minister
Business

FG threatens actions against MTN, Airtel, others over poor services

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has warned that “appropriate regulatory action” will be taken against MTN Nigeria, Airtel Nigeria, Globacom and T2 if they fail to address persistent network issues and improve the quality of call and data services. Tijani made this known in a statement issued to Nairametrics […]

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