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AMCON recovers N165bn from bank debtors in H1

  • 27th July 2026

Over 90% of informal workers abandon personal pension

  • 27th July 2026

Oando plans power generation from abandoned oil wells

  • 27th July 2026

Senate replaces outdated insurance law with new regulatory

  • 27th July 2026

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Nvidia, Microsoft, SpaceX launch AI safety initiative

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Snapchat introduces real-time music sharing feature for users

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UK snubs Nigeria, waives proof-of-funds demand for Tunisia, others

Business

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Electricity

NERC approves power supply shortfall compensation for ‘Band A’ customers

The Nigerian Electricity Regulatory Commission has approved a special compensation package for eligible Band A electricity customers affected by power supply shortfalls caused by grid generation constraints between February and March 2026. In a public notice issued on Thursday, the commission said the directive became necessary following significant generation shortages across the Nigerian Electricity Supply […]

featured Finance

Naira trades at ₦1,373/$ at official FX market

The naira traded within a relatively stable range against the United States dollar on Thursday, June 4, 2026, as the gap between the official and parallel foreign exchange markets remained narrow. At the Nigerian Foreign Exchange Market, the local currency was quoted at about ₦1,373 to the dollar, according to the latest official market figures […]

Business

NESG reports improved business confidence in May

The Nigerian Economic Summit Group has reported an improvement in business confidence in May 2026, attributing the positive development largely to a strong recovery in the manufacturing sector and robust consumer demand despite persistent cost pressures facing businesses. According to the latest NESG Business Confidence Monitor, the Current Business Performance Index rose to 104.6 points […]

Banking featured

Banks earn ₦209bn from account maintenance charges

Nigerian banks generated a combined N209.18bn from account maintenance charges in the first quarter of 2026, representing a 14.07 per cent increase from the N183.37bn recorded during the corresponding period of 2025, according to an analysis of the unaudited financial statements of 11 listed lenders. The PUNCH reported that the review further revealed that total […]

Agribusiness featured

Cocoa price volatility threatens Africa’s farmers, group warns

The Cocoa and Coffee Farmers Alliance Association of Africa has identified persistent market volatility as one of the greatest obstacles to the sustainable development of Africa’s cocoa industry, warning that fluctuating prices continue to weaken farmers’ livelihoods and discourage investment throughout the value chain. The PUNCH reported that speaking ahead of the Cocoa and Coffee […]

Tech

Netflix deploys AI to help viewers navigate content overload

Netflix is turning to artificial intelligence to help subscribers navigate the growing volume of content available on its platform, according to the company’s Chief Product and Technology Officer, Elizabeth Stone. Speaking at the Bloomberg Tech conference in San Francisco on June 3, Stone said advances in generative AI will make content discovery more personalised, interactive […]

Tech

UK regulator lets publishers block Google AI summaries

Online publishers and news organisations can now prevent their content from being used in Google’s AI-generated search summaries in the United Kingdom, following a new measure announced by the Competition and Markets Authority. According to the regulator, the change is designed to strengthen the bargaining position of publishers, including news organisations, when negotiating content agreements […]

featured Technology

Global AI usage to consume more electricity than Nigeria, two others — UN

Global data centres are projected to consume almost three times the annual electricity used by Nigeria, Pakistan and Bangladesh combined by 2030, according to a new report released by the United Nations on Wednesday. The report, published by the UN University Institute for Water, Environment and Health, attributed the anticipated increase in electricity demand largely […]

Aviation

Airlines can’t cope with jet fuel costs surge, IATA warns

Airlines across the world are facing mounting pressure from volatile jet fuel prices, with the International Air Transport Association warning that many carriers are unable to protect themselves against rising fuel costs through hedging. The warning was issued by IATA’s Head of Fuel, Daniel Chereau, during the S&P Global Energy Middle East Petroleum and Gas […]

Electricity

NERC to pay customers selling excess solar power to national grid

The Nigerian Electricity Regulatory Commission has introduced a new billing framework that will enable electricity consumers with renewable energy installations to earn credits for excess electricity exported to the national grid. The framework is contained in the Net Billing Regulations 2026, which was released by the Commission on June 3. According to the regulation, the […]

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