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

FCCPC warns businesses not to exploit rising fuel prices globally

The Federal Competition and Consumer Protection Commission has said it is closely monitoring the rising cost of fuel in Nigeria amid the ongoing tensions involving the United States, Israel, and Iran, warning businesses not to take advantage of the situation to exploit consumers. The Executive Vice Chairman and Chief Executive Officer of the commission, Tunji […]

Banking

CBN orders banks to bar loan defaulters from new credit

The Central Bank of Nigeria has directed commercial banks to block loan defaulters, particularly large-ticket borrowers, from accessing new credit facilities. A large-ticket borrower refers to an individual or company that owes a significant sum to a bank. The CBN issued the instruction in a circular to banks on Monday, according to TheCable. The latest […]

Business

US probes 60 countries over forced labour, unfair trade practices

The United States Trade Representative’s office announced Thursday that it has launched Section 301 investigations into unfair trade practices by 60 countries, including India, citing their alleged failure to prevent forced labor in imported goods. The move follows U.S. President Donald Trump’s administration’s efforts to reinstate global tariff pressure after the U.S. Supreme Court’s February […]

Finance

State govts demand forensic audit of FG’s crude-for-loan deals

State governments have called for a forensic audit of Nigeria’s crude oil-backed borrowing arrangements, warning that opaque crude-for-loan and swap deals may be undermining inflows into the Federation Account. The PUNCH earlier reported that the Nigerian National Petroleum Company Limited pledged 272,500 barrels per day of crude oil through a series of crude-for-loan deals totalling […]

34.3% of employed Nigerians trapped in poverty - Report
Economy

Subsidy removal pushes Nigeria’s poverty rate to 63% — Report

About 63 per cent of Nigerians fell below the poverty line after the removal of petrol subsidy, according to a new study that examined the welfare impact of the country’s recent economic reforms. The PUNCH reported that the research, presented at a stakeholders’ dialogue organised by Agora Policy in Abuja on Thursday, showed that the […]

featured Finance

Professionals dismiss ₦210tn missing funds claim in NNPCL accounts

A coalition of professionals under the Ajiyya Solidarity Forum has dismissed allegations that about N210tn is missing from the accounts of the Nigerian National Petroleum Company Limited. Addressing journalists on Thursday, The PUNCH reported that ASF National Coordinator Usman Hamza described the claim as “mathematically impossible” and politically motivated. The group’s position responds to a […]

Business

Energy, fintech, telecom firms top consumer complaints – FCCPC

Energy, fintech, and telecommunications companies account for the highest number of consumer complaints in Nigeria, according to the Federal Competition and Consumer Protection Commission. The commission’s Executive Vice Chairman, Tunji Bello, disclosed this on Thursday while briefing State House correspondents at the Aso Rock Presidential Villa. Bello said the commission has received thousands of complaints […]

Economy featured

Nigeria’s economy strong against Middle Eastern tensions — Cardoso

Central Bank Governor Olayemi Cardoso has assured that Nigeria’s ongoing macroeconomic reforms have fortified the economy against potential shocks from escalating Middle East tensions. He made this declaration while delivering the Distinguished Alumni Lecture at the Founders Day celebration of St Gregory’s College in Lagos on Thursday. Cardoso highlighted that the global economy is grappling […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
featured

OPEC quota missed again as Nigeria’s February oil production falls

Nigeria’s crude oil output fell to 1.31 million barrels per day in February, as local refineries continued to struggle with insufficient domestic crude supplies to sustain operations. The decline underscores Nigeria’s inability to meet its OPEC-approved production quota of 1.5 million barrels per day, with output dropping sharply in February 2026. According to the latest […]

Business

OPay denies office sealing by NRS over tax claims

OPay Digital Services Limited has dismissed reports claiming that its offices in Lagos and Abuja were sealed by the Nigeria Revenue Service over alleged non-compliance with tax obligations. The company described the claims as false and misleading. Reports circulated on social media and online platforms alleged that the Nigeria Revenue Service sealed OPay’s Lagos and […]

Business

Indorama, Nigerian Breweries, Genesis Energy to build Africa’s largest rPET plant

Indorama Ventures Public Company Limited, a global leader in sustainable chemicals, has partnered with Nigerian Breweries Plc, Nigeria’s top brewer, and Genesis Power & Energy Solutions Ltd, a leading African clean energy infrastructure and asset management firm, to develop one of Africa’s largest state-of-the-art recycled PET production facilities in Nigeria, based on planned production capacity. […]

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