Business

Private sector confidence rises as agriculture drives April

  • 5th May 2026
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

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Private sector confidence rises as agriculture drives April recovery

Business
Coinbase waives fees on PayPal stablecoin, boosting crypto payment push

Coinbase to cut 700 jobs in AI-driven restructuring

Crypto

Zenith Bank appoints Mustafa Bello to replace Jim Ovia

Banking featured

World Bank adds Abia to $700m SURWASH water supply

World

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Oil and Gas

Dangote Refinery exports 456,000 tonnes of fuel to Africa

The Dangote Petroleum Refinery has ramped up its regional footprint with the export of 12 cargoes of refined petroleum products totalling 456,000 tonnes to five African countries. This occurs amid a growing fuel supply crisis triggered by geopolitical tensions in the Middle East. The cargoes, sold through international traders on a Free on Board basis, […]

World

Nigeria’s CBN named ‘Central Bank of the Year’ globally

The Central Bank of Nigeria has been named Central Bank of the Year by Central Banking magazine. This recognition is in honour of sweeping reforms that restored macroeconomic stability and investor confidence in Nigeria. The award underscores what the magazine described as a “return to policy orthodoxy” under the leadership of CBN Governor, Olayemi Cardoso. […]

Finance

BudgIT report exposes states’ poor LG budget transparency

A new report by BudgIT has revealed that only 10 states in Nigeria have publicly accessible annual budgets for their Local Government Areas. The report, titled “The Missing Tier: Mapping Local Government Budget Transparency in Nigeria,” found that while six states provide partial data, as many as 18 states publish no LGA budget information at […]

featured Oil and Gas

Crude oil surges to $146pb amid US-Iran war fears

Crude oil has surged to $146 per barrel amid escalating fears from the ongoing United States-Iran war, sparking fresh concerns in Nigeria over potential further increases in the price of Premium Motor Spirit, also known as petrol. This sharp rise in global crude prices is driven largely by the conflict, with significant disruptions to energy […]

Aviation

Air Canada plane crashes into fire truck, kills two

An Air Canada-operated aircraft collided with a fire truck on a runway at United States New York’s LaGuardia Airport on Sunday, killing the pilot and co-pilot and injuring two others. Around 11:40 p.m., a Jazz Aviation flight operating on behalf of Air Canada struck a Port Authority Aircraft Rescue and Firefighting vehicle that was responding […]

Business

Middle Eastern war severely damages 40+ energy facilities — IEA

International Energy Agency Executive Director Fatih Birol said more than 40 energy assets across nine Middle Eastern countries have been “severely or very severely” damaged by the war, warning that global supply chain disruptions could continue even after the conflict ends. Birol said over 40 energy facilities across nine Middle Eastern countries have been severely […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Crypto

Bitcoin falls to $68,150 as geopolitical risk fuels crypto selloff

Bitcoin and other cryptocurrencies slid again as escalating geopolitical tensions between the United States, Israel, and Iran triggered renewed risk-off sentiment across global markets. Bitcoin fell as much as 3.3 per cent on Sunday, dropping to around $68,150, its weakest level since early March. The selloff was even sharper across altcoins, with Ether losing nearly […]

Finance

Taraba pays ₦5bn to pensioners, adopts NSITF compensation scheme

Taraba State has paid out N5 billion to pensioners while committing to fully adopt the Employees’ Compensation Scheme of the Nigeria Social Insurance Trust Fund. Officials described the development as a significant step toward enhancing workers’ welfare and social protection in the state. The move followed a high-level visit to Jalingo by the Managing Director […]

Business

Japan urges calm as toilet paper panic buying resurface

The government of Japan has urged citizens not to engage in panic buying of toilet paper amid social media claims that people are beginning to stockpile essential goods over fears linked to the Middle East conflict. Stockpiling toilet paper previously became widespread in Japan during the 1973 oil shock, which led to the country’s first […]

Labour advocates annual minimum wage adjustment to reflect inflation
featured

Ajaero blasts N6tn GenCo bailout, says Nigerians pay for darkness

The Nigeria Labour Congress has rejected the Federal Government’s proposed N6 trillion bailout for power generation companies, describing it as a short-term fix that does not address Nigeria’s deep-rooted energy crisis. NLC President Joe Ajaero said the power sector remains a heavy burden on Nigerians, accusing elites of profiteering through subsidy claims and high tariffs […]

MTN Nigeria to build infrastructure for network platform
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MTN rebounds with N1.1tn profit in 2025 financial year

MTN Nigeria has reported a profit of N1.1 trillion for the 2025 financial year, marking a sharp turnaround from the challenges faced in 2024 and reflecting a strong rebound in Nigeria’s digital economy. Speaking on Channels Television, the Chief Financial Officer of MTN Nigeria, Modupe Kadri, outlined the company’s performance, noting a 22.9 per cent […]

NAICOM warns insurers over 2026 recapitalisation deadline
Business

No extension for insurance recapitalisation exercise – NAICOM

The National Insurance Commission has ruled out any extension of the ongoing insurance recapitalisation exercise, with the Commissioner for Insurance, Olusegun Omosehin, stressing that “the 31 July deadline is sacrosanct.” Speaking at a high-level media briefing in Lagos, Omosehin expressed concern over the slow pace of compliance by several firms, describing the industry’s response as […]

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