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  • 19th August 2026

Christ Embassy enters vehicle market, unveils electric cars

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  • 18th August 2026

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FCCPC threatens actions against businesses over mislabelled consumer goods

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Aviation regulators to assess Lekki airport site before construction – Sanwo-Olu

Lagos State Governor Babajide Sanwo-Olu has announced that aviation regulators will inspect the site of the proposed Lekki International Airport this week, marking a significant step toward commencing its construction. Governor Babajide Sanwo-Olu reaffirmed his administration’s commitment to the Lekki International Airport and other key infrastructure projects during his visit to Alaro City. In a […]

Transcorp reports 132% surge in pre-tax profit for 2024
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Transcorp reports 132% surge in pre-tax profit for 2024

Transnational Corporation Plc (Transcorp) has announced its financial results for the year ending December 31, 2024, posting a pre-tax profit of N136.6 billion, marking a 132.41% increase from the N58.8 billion recorded in 2023. This impressive growth was driven by a significant rise in revenue. Transcorp’s total revenue soared to N407.9 billion, a 107.07% increase […]

Trump hosts crypto summit, unveils plan for US Bitcoin reserve
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Trump hosts crypto summit, unveils plan for US Bitcoin reserve

United States President Donald Trump welcomed cryptocurrency industry leaders to the White House over the weekend for a first-of-its-kind summit, where he outlined his vision for a government-held stockpile of digital assets. The event brought together top officials, lawmakers, and industry figures, including MicroStrategy CEO Michael Saylor, Coinbase co-founder Brian Armstrong, investors Cameron and Tyler […]

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Nigeria’s fuel imports hit N930bn despite local refining growth

Nigeria imported fuel and diesel valued at about N930 billion in February 2025, despite increasing local refining capacity, raise concerns about policy direction and economic rationale. The latest data on fuel imports shows that, in addition to the N930 billion spent in February 2025, oil marketers licensed by the Nigerian Midstream and Downstream Petroleum Regulatory […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
News

CBN raises N2.72trn in T-Bills amid tight monetary policy

The Central Bank of Nigeria has disclosed that the federal government raised N2.72 trillion through Nigerian Treasury Bills in the first two months of 2025, marking an 8.6% decline from the N2.97 trillion raised during the same period in 2024. The CBN is tightening monetary policy with higher interest rates and large NTB auctions to […]

Russia blocks Telegram in two regions over security concerns
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Russia blocks Telegram in two regions over security concerns

Authorities in two Russian regions have blocked the popular messaging app Telegram, citing concerns that hostile entities could exploit it, state news agency TASS reported on Saturday. The restrictions were imposed in Dagestan and Chechnya, predominantly Muslim regions in southern Russia, where security agencies have reported a rise in militant Islamist activity. Dagestan’s Minister of […]

MTN Nigeria to build infrastructure for network platform
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MTN partners auto manufacturers to boost local content

MTN Nigeria has partnered with automobile manufacturers Nord and GAC Motors to support local content policy and promote made-in-Nigeria products. As part of the collaboration, the company procured 33 vehicles for its customer-facing teams in Lagos and the North, including 22 locally assembled cars. The remaining 11 vehicles further strengthen MTN’s operational initiatives, the company […]

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NECA urges FG to clear military’s outstanding electricity debts

The Nigeria Employers’ Consultative Association has urged the Federal Government to promptly address the rising electricity debt owed by military bases nationwide. This call follows a violent attack by Air Force personnel from the Sam Ethan Air Force Base, Ikeja, on Ikeja Electric offices in Isolo and Alausa, Lagos. The attack was reportedly triggered by […]

News

China hits Canada with tariffs amid escalating global trade tensions

China has announced retaliatory tariffs on Canadian agricultural products in response to Canada’s earlier imposition of duties on Chinese-made electric vehicles, steel, and aluminum products. Beijing said the new Chinese tariffs, effective March 20, will impose a 100% duty on Canadian rapeseed oil, oil cakes, and peas, and a 25% duty on aquatic products and […]

New SEC regulation to enhance transparency in bank recapitalization
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SEC warns public against Pro-Vest, other unregistered investment schemes

The Securities and Exchange Commission has issued a warning to the public regarding unregistered investment schemes, specifically highlighting Promiseland Estates Limited, Promiseland Building & Construction Limited, and UYJ Multitrade Limited. In a statement on Friday, the SEC stated that it had taken note of the activities of certain entities falsely claiming to be investment advisers […]

News

Blackout as national grid experiences disturbance

Nigeria experienced a major power outage on Friday, following a reported collapse of the National Grid. The Ikeja Electricity Distribution Company in a statement via its X account attributed the blackout to a “system outage” and assured customers that efforts were underway to restore supply. “Please be informed that we experienced a system outage today […]

Trump considers sanctions against China’s DeepSeek
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US moves to ban DeepSeek over national security concerns

The Donald Trump administration is considering banning the Chinese artificial intelligence chatbot DeepSeek from U.S. government devices due to national security concerns, The Wall Street Journal reported on Friday. Officials are concerned about how DeepSeek handles user data, which the company reportedly stores on servers in China. In addition to restricting the chatbot on government-issued […]

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