Business

Crude oil prices rise as Iran rules out

  • 17th August 2026

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

FG resets profit-sharing terms to attract new deep

  • 17th August 2026

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Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

News

EU gives Nigeria €1.5m to fight cholera outbreak

Helth

Ecobank retains retirement age, removes director tenure limit

Banking

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Business

ETranzact reports N5bn pre-tax profit for FY 2024

ETranzact International Plc reported a pre-tax profit of ₦5 billion for the year ended December 31, 2024, representing a 53.2% year-on-year increase from the ₦3.1 billion recorded in 2023. This significant growth underscores the company’s rising profitability and effective strategic expansion efforts in Nigeria’s fintech sector. ETranzact’s audited 2024 results, released on the Nigerian Exchange […]

News

CBN injects $197.7m into FX market to ensure liquidity

The Central Bank of Nigeria injected $197.71 million into the foreign exchange market on April 4, 2025, as part of its ongoing efforts to ensure adequate liquidity and stabilize the market. This was disclosed in a statement by the Director of the Financial Markets Department,Dr. Omolara Omotunde Duke, who reaffirmed the Bank’s commitment to maintaining […]

Business

US begins enforcement of Trump’s 10% tariff, disrupts global trade

United States customs agents on Saturday began enforcing a 10% baseline tariff on imports from various countries, with higher tariffs on goods from 57 major trading partners set to begin next week. This action marked President Trump’s complete departure from the post-World War II system of agreed-upon tariff rates, opting instead for unilateral trade measures. […]

Oil and Gas

TotalEnergies posts N42.2b pre-tax profit for 2024

TotalEnergies Marketing Nigeria Plc reported a pre-tax profit of N42.2 billion for the year ended 31 December 2024, marking a 140.35% increase from the N17.5 billion recorded in 2023. The company’s full-year revenue surged by 63.83%, rising from ₦635.9 billion in 2023 to ₦1.04 trillion. White products, including Premium Motor Spirit, Automotive Gas Oil, and […]

featured

Musk, Bezos, Zuckerberg lose over $81b in two days

President Donald Trump’s announcement of new tariffs sent shockwaves through Wall Street, resulting in significant losses for the world’s wealthiest individuals. Over the two-day plunge, the combined losses wiped out $30.9 billion from Elon Musk’s net worth, $23.49 billion from Jeff Bezos’, and $27.34 billion from Mark Zuckerberg’s, making them the three richest people in […]

Lagos tops list of states with most external debt
Economy

Nigeria’s public debt rises to N144.67 in December 2024

Nigeria’s public debt surged by 48.58%, reaching N144.67 trillion ($94.23 billion) as of December 31, 2024, up from N97.34 trillion ($108.23 billion) at the close of 2023. This increase was disclosed in the latest report by the Debt Management Office on the country’s public debt profile. The report also showed a 1.65% quarter-on-quarter increase, from […]

Two arrested as Edo police bust illegal refinery
News

Navy seizes vessels, destroys illegal refineries in March operation

The Nigerian Navy announced the seizure of vessels involved in crude oil theft and the destruction of several illegal refining sites during Operation Delta Sanity II in March. The Director of Naval Information, Commodore, Aiwuyor Adams-Aliu, made this disclosure in Abuja on Saturday, according to the News Agency of Nigeria. He stated that on March […]

Business

Southeast Asia scrambles to prevent tariff pain by enticing Trump

Southeast Asian countries are choosing diplomacy over confrontation in response to President Donald Trump’s “reciprocal tariffs.” Rather than retaliate, they’re signaling a willingness to negotiate, aiming to protect their export-driven economies and maintain access to the critical U.S. market. Vietnam, Cambodia, and Indonesia have expressed a willingness to engage in negotiations, while Singapore, a major […]

TCN restores power to Sokoto – Official
featured

TCN reports 165MW power loss after towers collapse in Lagos

The Transmission Company of Nigeria has reported the collapse of three transmission towers after the Ikeja West-Osogbo 330kV line tripped during a windy rainfall, resulting in a load loss of 165 megawatts. According to a statement signed by TCN’s General Manager of Public Affairs, Ndidi Mbah, on Friday, the incident occurred on Wednesday, April 2, […]

News

NNPCL unveils new senior management team

The Nigerian National Petroleum Company Limited has announced the appointment of a new eight-man Senior Management Team to strengthen corporate governance and enhance operational efficiency This follows the recent appointment of Bayo Ojulari as the Group Chief Executive Officer of NNPCL. This was disclosed a statement signed by the Chief Corporate Communications Officer, NNPC Ltd, […]

US senators demand Meta probe over chatbot child safety concerns
News

Meta set to launch Llama 4 AI model this month — Report

Meta is preparing to release the latest version of its large language model, Llama 4, later this month, according to a report by The Information published on Friday. The release, however, may be delayed once more, sources familiar with the matter told the publication. The launch of Llama 4 has already been postponed at least […]

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