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MAN laments sharp decline of bank credit to

  • 23rd June 2026

SEC warns against unapproved Dangote refinery IPO promotions

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Allen Onyema urges boycott of S’Africa over xenophobic

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Lagos rejects claims of handing environmental enforcement to

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MAN laments sharp decline of bank credit to manufacturing

Business

SEC warns against unapproved Dangote refinery IPO promotions

Business

Iran, Oman to agree on Strait of Hormuz service

Transportation

Nigeria, UK renew security pact against cyber terrorism

News

Blog

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Business

Microsoft data centre project in East Africa delayed over payment dispute

A planned Microsoft data centre project in East Africa has been delayed following disagreements with the Kenyan government over the company’s demand for guaranteed payments. This was disclosed in a Bloomberg report on Sunday, citing sources familiar with the discussions. In May 2024, Microsoft teamed up with UAE-based artificial intelligence company G42 to invest $1 […]

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Finance

SERAP urges Tinubu to probe missing ₦26.9bn USPF funds

The Socio-Economic Rights and Accountability Project has called on President Bola Ahmed Tinubu to urgently direct the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, and the Secretary of the Universal Service Provision Fund, Yomi Arowosafe, to account for and explain the whereabouts of an alleged N26.9 billion in public funds said to […]

Business

MAN urges FG to guarantee steady crude supply for refineries

The Manufacturers Association of Nigeria has urged the Federal Government to guarantee steady crude oil supply to refineries and petrochemical facilities, and to significantly scale up investment in gas infrastructure, following the Dangote Petroleum Refinery’s agreement with Honeywell UOP to expand petrochemical output. Commenting, MAN Director-General Segun Ajayi-Kadir said the partnership would bolster Nigeria’s petrochemical […]

featured Oil and Gas

US crude imports from Nigeria fall 15% in Q1

The United States spent $578.78m on crude oil imports from Nigeria in the first quarter of 2026, down from $681.40m in the corresponding period of 2025, according to data from the United States Census Bureau and the Bureau of Economic Analysis. The latest figures, contained in the agencies’ March 2026 international trade report, show that […]

featured News

US-Iran war may raise condom prices in Nigeria — Experts

Health experts have warned that prices of condoms may increase in Nigeria, and likely lead to shortages if the crisis in the Middle East disrupting global oil supply chains continues. The experts in the pharmaceutical sector explained that the ongoing conflict between the United States and Iran was already disrupting supplies and raw materials used […]

Business

Crude supply to local refineries hits 58.8m barrels

Oil producers in Nigeria supplied approximately 58.8 million barrels of crude oil to domestic refineries in the second quarter of 2026, surpassing the 55.1 million barrels earmarked under the Domestic Crude Supply Obligation framework. The move reflects a stronger commitment by upstream operators to meet local refining needs, as domestic capacity expands with the ramp-up […]

Business

17 Americans, others evacuated from cruise ship after Hantavirus outbreak

Seventeen Americans are among 150 passengers being evacuated from the M/V Hondius cruise ship following an outbreak of a strain of Hantavirus, as the head of the World Health Organization stresses that the virus “is not another COVID-19.” The vessel is expected to anchor off Spain’s Canary Islands on Sunday, after which WHO Director-General Dr. […]

FG targets 6500 megawatts power generation in six months
Business

Lagos grants 14 licences to boost power supply

The Lagos State Government has granted 14 electricity licences and permits spanning off-grid and embedded generation, independent distribution, metering services, and interconnected mini-grid operations. The approvals were issued by the Lagos State Electricity Regulatory Commission during its inaugural stakeholder engagement held earlier this week at The Cordis Hotel. The development represents a significant regulatory milestone […]

Business

AfDB approves $61m facility to support women-led MSMEs in Nigeria

The African Development Bank Group has approved a $61 million financing package for the Development Bank of Nigeria to boost access to affordable loans for women-owned and women-led micro, small and medium enterprises across Nigeria. The disclosure was contained in a statement published on the bank’s website on Friday. According to AfDB, the funding is […]

Banking

FCMB appoints ex-Lafarge CEO Adepeju Adebajo to board

FCMB Group Plc has appointed former Lafarge Africa Chief Executive Officer, Mrs. Adepeju Adebajo, as an Independent Non-Executive Director on its Board. The company disclosed the appointment in a filing to the Nigerian Exchange Limited dated May 8, 2026. FCMB said the move is intended to further strengthen its Board and advance the Group’s transformation […]

featured

British Airways to raise fares as €2bn fuel costs bite

British Airways will increase ticket prices to offset most of a €2bn (£1.7bn) surge in fuel costs this year, its parent company has announced, warning that the Iran conflict will weigh on profits. The International Airlines Group said its annual fuel expenses are now projected to reach about €9bn, up from an earlier estimate of […]

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