Business

Geregu Power confirms payment of N40bn bond coupon,

  • 21st August 2026

Femi Otedola’s net worth nears $2bn

  • 21st August 2026

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

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Canada to admit 230,000 foreign workers through 2026 programmes

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Geregu Power confirms payment of N40bn bond coupon, principal

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Femi Otedola’s net worth nears $2bn

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Dangote offers East Africa 30% stake in refinery

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Bezos' Blue Origin launches first rocket into space, rivals SpaceX
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Bezos’ Blue Origin launches first rocket into space, rivals SpaceX

Amazon founder Jeff Bezos’s space company, Blue Origin, successfully launched its first orbital rocket, New Glenn, on Thursday, marking a significant milestone in the competitive space race with Elon Musk’s SpaceX. The launch took place at 2:02 a.m. ET (7:02 a.m. GMT) from Cape Canaveral Space Force Station in Florida. The New Glenn rocket carried […]

Naira closes week stronger at N1,534.72/$ 
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Nigeria’s FX reserves drop by $434m in one week

Nigeria’s foreign exchange reserves experienced a decline of $435.40 million within the span of a week, according to data from the Central Bank of Nigeria. The reserves decreased from $40.92 billion on January 6 to $40.48 billion on January 14. This drop highlights a significant change in the country’s foreign reserve holdings over a short […]

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CBN launches digital initiatives for transactions, document management

The Central Bank of Nigeria has launched two new digital initiatives—the Document Flow System and the Ministries, Departments, and Agencies Naira Payment Solution. According the statement, the initiatives were unveiled on Wednesday, January 15, 2025, at the CBN Head Office in Abuja. The launch is part of the Bank’s broader “Digital First” transformation project, which […]

Landmark Group secures land to redevelop Port Harcourt beach
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Landmark Africa Group secures 35-year lease of Enugu’s Nike lake resort

Landmark Africa Group has secured a 35-year lease agreement with the Enugu State Government for the 150-hectare Nike Lake Resort. This strategic partnership is set to transform the resort into a premier global tourism and leisure destination, in line with Enugu’s vision for sustainable economic growth and enhanced international recognition. The event, held at the […]

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Telecom tariff increase should not exceed 60% – Minister

The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, has emphasized that the Nigerian Communications Commission should approve a maximum telecommunications tariff increment of 60%. Speaking on a Channels TV program, on Wednesday, Tijani rejected the telecom operators’ request for a 100% increase, labeling it as unfeasible. He further explained that the government […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote refinery’s petrol production impacts Europe – OPEC

The Organisation of the Petroleum Exporting Countries has noted that the Dangote Petroleum Refinery is influencing the Premium Motor Spirit market in Europe. The refinery, with a production capacity of 650,000 barrels per day, began its operations in January of the previous year and began producing PMS in September. This marks a major shift, as […]

Tencent launches upgraded T1 AI model, boosts China’s AI race
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US blacklists Tencent-backed AI startup amid tech curbs

United States has placed Tencent-backed startup Zhipu on its trade-restrictions blacklist, targeting one of the emerging companies considered a strong contender in the race to develop a competitor to OpenAI’s ChatGPT. On Wednesday, the US Department of Commerce added the startup to its entity list, restricting US suppliers from selling to the company without a […]

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Afreximbank commits to aircraft financing for Nigerian airlines

Afreximbank has agreed to support aircraft financing for Nigerian airlines during a side meeting at the ongoing Aviation Economic Conference in Dublin, Republic of Ireland. The meeting, facilitated by Boeing’s Senior Director of Finance, Lereece Rose,, brought together key stakeholders to explore aircraft financing opportunities for Nigerian airlines. During the meeting, Afreximbank, led by Helen […]

Apple teases major iOS redesign ahead of WWDC 2025
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Apple loses smartphone sales lead in China

Apple has been overtaken by local rivals Vivo and Huawei, falling to third place in China’s smartphone market in 2024, according to data from research firm Canalys. This marks Apple’s largest-ever annual sales decline in China, with shipments dropping by 17% year-over-year. In the highly competitive Chinese market, Vivo captured 17% of the market share, […]

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NASS hails FIRS, sets N25trn 2025 target

The National Assembly Joint Committee on Finance on Wednesday praised the Federal Inland Revenue Service for exceeding its revenue target for 2024. The FIRS had a target of N19.4 trillion but successfully generated N21.6 trillion. Impressed by the performance, the committee recommended a N25 trillion tax collection target for the FIRS in the 2025 appropriation […]

FG loses N335m to oil spillage - Report
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Oil spill fire destroys aquatic life in Rivers

Oil spill from a wellhead of Oil Mining Lease-15, operated by the Nigerian National Petroleum Company Limited, has caused a fire that is severely impacting aquatic life in Buguma, located in the Asari-Toru Local Government Area of Rivers State. The spill, which has been burning for three days, has spread across the waterways, affecting both […]

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FG needs N700bn yearly to maintain roads – Minister

The Minister of State for Works, Mohammad Goronyo, has raised alarms about the inadequate budgetary allocation to the Federal Roads Maintenance Agency. He said the agency needs over N700bn yearly to maintain federal roads nationwide. He emphasized that the current funding does not match the scale of the agency’s responsibilities, which involve maintaining and repairing […]

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