Business

UK court freezes $40m assets of Nigerian oil

  • 5th May 2026
UK job vacancies drop 23%, signaling economic slowdown

UK mortgage affordability hits 18-year high as repayments

  • 5th May 2026

Trump’s World Liberty Financial sues crypto entrepreneur for

  • 5th May 2026

Private sector confidence rises as agriculture drives April

  • 5th May 2026

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UK court freezes $40m assets of Nigerian oil tycoon

Business
UK job vacancies drop 23%, signaling economic slowdown

UK mortgage affordability hits 18-year high as repayments exceed

Business
Vodafone partners Intel to build chipset

Vodafone to fully acquire UK mobile giant in £4.3bn

Telecommunications

Trump’s World Liberty Financial sues crypto entrepreneur for defamation

Business

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Business

Nigeria air cargo operators divided as Middle East conflict disrupts logistics

The ongoing Middle East conflict involving the United States, Israel, and Iran has sparked mixed reactions among Nigerian air freight operators, with some reporting higher outbound cargo rates while others say their prices have remained unchanged. Operators said disruptions to global aviation networks since the crisis began on February 28 have affected cargo shipments differently, […]

EU rules out fee for tech giants under digital markets act
featured

Europe to demand fingerprints, photos for all arriving travelers

European vacation destinations will soon require all travelers to provide fingerprint scans and photographs upon arrival as part of a new border screening process. France, Italy, Portugal, the United Kingdom, and 25 other countries began rolling out the new Entry/Exit System on October 12, with full enforcement. Officials say the program will be introduced in […]

Business

CBN signals possible capital raise for banks after stress tests

The Central Bank of Nigeria has indicated that Nigerian banks may need to raise additional capital depending on the outcome of a new stress testing exercise aimed at evaluating the strength of their credit portfolios against potential economic shocks. The apex bank disclosed this in a directive instructing all banks to commence the stress test […]

Opinion

Middle East war could fetch Nigeria ₦30trn oil windfall — NESG

The Nigerian Economic Summit Group has projected that Nigeria could earn as much as N30 trillion in additional oil revenue if global crude prices remain elevated due to escalating geopolitical tensions in the Middle East. In a policy brief titled “Boom, Not Gloom,” the private sector policy advocacy group noted that the recent conflict involving […]

Ports and Airports

US airport security workers miss pay amid shutdown crisis

United States airport security officers missed their first full paycheck on Friday as a partial government shutdown approached the one-month mark, with no resolution in sight from the ongoing congressional deadlock disrupting travel nationwide. The funding lapse has compelled thousands of Transportation Security Administration staff to continue working without pay during the peak spring travel […]

Insurance

Lagos court orders 18 insurers to pay IRS airlines millions

A Lagos High Court has ordered Standard Alliance Insurance Plc and 17 other Nigerian insurance companies, along with a foreign third-party reinsurer, to indemnify IRS Airlines Limited for the total loss of its Fokker 100 aircraft, registration 5N-SIK, which occurred in an accident in Niger Republic on May 10, 2014. In the judgment delivered by […]

Policy and Regulations

BRT: Don’t film people without consent, NDPC warns content creators

The Nigeria Data Protection Commission has issued a stern warning to content creators against filming unsuspecting members of the public without their consent. The commission threatened criminal prosecution for violators and regulatory sanctions against social media platforms that fail to act on complaints. The warning was contained in a statement released on Friday and signed […]

Banking featured

CBN tightens BVN rules, restricts phone number changes to one

The Central Bank of Nigeria has mandated all banks and other financial institutions to establish and maintain a temporary watchlist for Bank Verification Numbers implicated in suspected fraudulent transactions. This directive takes effect from May 1, 2026. The apex bank issued the instruction in a circular addressed to all banks, other financial institutions, and payment […]

Oil and Gas

Drill or drop, NUPRC ends era of dormant oil licences

The Nigerian Upstream Petroleum Regulatory Commission has declared that the era of oil companies holding exploration licences for years without developing the assets is officially over. New provisions under the Petroleum Industry Act now compel operators to either develop their fields or relinquish them. The PUNCH reported that the Commission Chief Executive of the NUPRC, […]

Aviation featured

Engine failure forces Rivers-bound Arik flight to Edo

The Nigerian Safety Investigation Bureau has revealed that an engine anomaly caused the emergency diversion of an Arik Air Boeing 737-700 aircraft on February 11, 2026. The incident involved the aircraft bearing nationality and registration marks 5N-MJF, which is operated by Arik Air Limited. A statement signed by Funke Arowojobe, Director of Public Affairs and […]

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