Business

US tightens green card screening with new public

  • 19th August 2026

Christ Embassy enters vehicle market, unveils electric cars

  • 19th August 2026

Nigeria’s IMTO inflows surge 45% to record $1.29bn

  • 19th August 2026

NSDC mobilises $1bn for sugar self-sufficiency

  • 18th August 2026

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FG spent N9.39tn on wage hike, allowances in 31

Finance

Amazon eyes 500 US cities in major drone delivery

Tech

FG reveals ₦15.8tn gains from subsidy, FX reforms

Economy featured

FCCPC threatens actions against businesses over mislabelled consumer goods

Policy and Regulations

Blog

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

CBN opposes EFCC’s bid to seize ₦2.7bn collateral property

The Central Bank of Nigeria has requested the Federal High Court in Abuja to dismiss a forfeiture case initiated by the Economic and Financial Crimes Commission concerning a property valued at ₦2.7 billion. This property, located at Plot 781, Cadastral Zone 001, Karmo District, Abuja, was used as collateral for a loan granted through the […]

Chowdeck lays off 86 contract staff amid operational optimisation
News

Chowdeck lays off 86 contract staff amid operational optimisation

Nigerian food delivery startup Chowdeck has laid off 86 contract staff following recent operational optimisations aimed at improving efficiency and reducing manual processes. According to CEO Femi Aluko, the company’s operations team expanded rapidly over the past year — growing sixfold from 20 employees in January 2024 to 120 by January 2025. However, Aluko explained […]

News

Nigerian ride-hailing drivers launch SimpliRide to rival Bolt, Uber

A group of Nigerian ride-hailing drivers have launched SimpliRide, a locally developed app aiming to challenge industry heavyweights like Uber, Bolt, LagRide, and InDrive. Frustrated by high commissions, the drivers introduced a subscription-based model where they pay a flat daily fee of ₦500 ($0.33) instead of losing up to ₦15,000 ($10.03) monthly through commission deductions. […]

News

Nigeria achieves record peak power generation of 5,801.84MW – TCN

Nigeria’s electricity sector has achieved a significant milestone, reaching an available power generation capacity of 6,003 megawatts, the highest in the nation’s history. The Transmission Company of Nigeria made this disclosure in a statement signed by its management on Wednesday. The agency stated that this milestone was attained on March 4, 2025, at 21:15 hours, […]

featured

Nigeria exceeds OPEC quota with 70,000 bpd surplus in February

Nigeria’s crude oil production increased in February, 2025 with the country producing approximately 70,000 barrels per day above its Organization of the Petroleum Exporting Countries quota, according to a Reuters survey. OPEC’s oil output increased last month, driven by resilient Iranian exports despite renewed U.S. restrictions and Nigeria’s production exceeding its 1.5 million bpd target […]

NITDA to develop blockchain "Nigerium" for data Security
News

NITDA warns Nigerian website owners of critical WordPress plugin flaw

The National Information Technology Development Agency has issued a warning to Nigerian website owners regarding a critical security vulnerability in the Jupiter X Core plugin for WordPress. This was disclosed by NITDA via its official X account. CVE-2025-0366 is a critical security flaw in the Jupiter X Core plugin for WordPress, allowing attackers to take […]

PwC raises concerns on effects of FG's tax on bank profits
News

Telecom industry to reach $1.3trn revenue by 2028 – PwC Report

PricewaterhouseCoopers’ Global Telecom Outlook 2024-2028 projects that the telecommunications industry will generate $1.3 trillion in revenue by 2028, despite sluggish growth and pricing challenges. According to the report, total service revenue from fixed and mobile networks grew by 4.3% in 2023, reaching $1.14 trillion. However, the industry’s revenue growth rate is projected to decline in […]

News

Maritime experts endorse return of cargo tracking note

Maritime stakeholders have endorsed the reintroduction of the International Cargo Tracking Note at Nigerian ports, describing it as a significant step for the industry. Speaking at a Maritime Reporters Association of Nigeria event in Apapa, they emphasized its role in enhancing cargo transparency, boosting revenue, and improving security. Stakeholders emphasized that the reintroduction of ICTN […]

Maritime

Truck firm TTP to deploy AI for improved operational efficiency

Truck Transit Parks Limited has announced plans to integrate advanced predictive analytics and artificial intelligence into its platform to tackle operational delays. In a recent interview, the co-founder of TTP, Jama Onwubuariri, stated that the company aims to elevate technological innovation in 2025. TTP is known for its electronic call-up system, ‘Eto’, which manages truck […]

featured

Operators challenge NPA’s mandatory port pass requirement

Freight forwarders under the National Association of Government Approved Freight Forwarders have raised concerns over the Nigerian Ports Authority’s newly introduced mandatory port pass. They argue that the identity card issued by the Council for the Regulation of Freight Forwarding in Nigeria should be sufficient for port access. The stakeholders view the additional pass as […]

AfDB to provide $230m trade finance package for Access Bank
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AfDB to provide $230m trade finance package for Access Bank

The African Development Bank is set to roll out a $230 million trade finance package for Access Bank Plc, aimed at enhancing trade finance activities and improving foreign exchange liquidity for small and medium-sized enterprises in Nigeria. According to a Project Summary Note, the financing package comprises two key components: a $170 million Trade Finance […]

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