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featured Oil and Gas

Cooking gas prices surge despite rising local production — Report

The price of Liquefied Petroleum Gas, commonly known as cooking gas, has continued to increase across Nigeria despite a significant rise in domestic production and a sharp decline in imports, according to The PUNCH. Data obtained from the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicated that local production from refineries and gas processing plants […]

featured News

Federal workers threaten indefinite strike over hardship, rising insecurity

The Federal Workers Forum has threatened to mobilise federal workers across the country for an indefinite nationwide strike over worsening insecurity and unresolved wage-related issues affecting workers. According to The PUNCH, the threat was contained in a communiqué issued after an online meeting held on Sunday, where the forum also criticised the Nigeria Labour Congress […]

featured Investment

UAE-Nigeria non-oil trade hit $5bn in 2025 — Envoy

The Ambassador of the United Arab Emirates to Nigeria, Salem Saeed Al-Shamsi, has disclosed that non-oil trade between Nigeria and the UAE increased to $5 billion in 2025, reflecting the strengthening economic partnership between both countries. The PUNCH reported that according to a statement issued on Sunday by the Special Assistant on Communication and New […]

Banking

Bad loans hit 8% after CBN’s regulatory forbearance withdrawal

Bad loans in Nigeria’s banking sector increased to 8.03 per cent in January 2026, seven months after the Central Bank of Nigeria began winding down regulatory forbearance granted to banks on certain credit exposures and breaches of single obligor limits. The PUNCH reported that according to the CBN’s January 2026 Economic Report, the industry’s non-performing […]

Tech

Meta lawsuit leaves whistleblower silent at Hay festival

Facebook whistleblower Sarah Wynn-Williams was compelled to remain silent on stage at the Hay Festival after her lawyers advised her not to speak due to ongoing legal proceedings initiated by Meta. Wynn-Williams, author of the bestselling memoir Careless People, which recounts her years working at Facebook, had been scheduled to take part in a conversation […]

featured

NVIDIA expands dominance to consumer PC processors

NVIDIA, now the world’s most valuable company, has built its dominance on artificial intelligence chips for data centres and is now moving into a new frontier: processors for personal computers. The shift puts it in direct competition with long-established PC chipmakers such as Intel, AMD, Qualcomm, and Apple. At Taiwan’s Computex conference on Monday, NVIDIA […]

featured Finance

Naira holds steady across official, parallel FX markets

The naira traded within a relatively stable range against the United States dollar across the official Nigerian Foreign Exchange Market and the parallel market as traders monitored forex liquidity and market demand. Data published by the Central Bank of Nigeria showed that the official NFEM exchange rate closed at ₦1,373.25 per dollar on May 29, […]

Business

NUT orders indefinite strike in Oyo over school abductions

The Nigeria Union of Teachers has ordered public school teachers in Oyo State to commence an indefinite strike following the abduction of colleagues and students in Oriire Local Government Area. The directive was issued in a statement on Sunday, May 31, 2026, by the Oyo State Wing of the union and signed by State Secretary, […]

Aviation

FAAN, health authorities step up Ebola surveillance at Lagos airport

The Federal Airports Authority of Nigeria, alongside Lagos State health authorities and Port Health Services, has intensified efforts to prevent the entry and spread of Ebola Virus Disease through the Murtala Muhammed International Airport, Lagos, following a joint assessment of the airport’s emergency preparedness infrastructure. According to a statement by FAAN’s Director of Public Affairs […]

Business

Lagos identifies 3,700 hectares of informal spaces across 1,700 locations

The Lagos State Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, has revealed that more than 3,700 hectares of informal settlements and developments were identified across over 1,700 locations in the state as of December 2025. Olumide disclosed this on Friday during the 2026 Ministerial Press Briefing held in Lagos to mark Governor […]

Electricity

Power outages cost Nigerian firms 3% annual sales — AfDB

Power outages are costing Nigerian businesses an estimated three per cent of their annual sales, forcing firms to spend heavily on alternative power sources and exposing the economic cost of the country’s infrastructure deficit. This is according to the African Development Bank’s African Economic Outlook 2026 report, which found that unreliable electricity supply has become […]

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