Business

Dunamis terminal denies responsibility for Ago palace gridlock

  • 18th June 2026

FG ends mandatory stamp duty deductions by MDAs

  • 18th June 2026

New NIA chairman unveils blueprint for insurance sector

  • 18th June 2026

Nigeria’s crude oil output could reach 1.9mbpd –

  • 18th June 2026

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PenCom, NURTW move to enrol nine million transport workers

Business

Truck owners upgrade database to boost maritime haulage transparency

Maritime

Telcos dismiss fears NCC’s MTR review will raise tariffs

Telecommunications

Dunamis terminal denies responsibility for Ago palace gridlock

Business

Blog

Transcorp hotels posts 60% revenue rise, declares interim dividend
Banking

UBA assets hit ₦33tn as Q1 earnings rise 5%

United Bank for Africa Plc has sustained its growth trajectory, with total assets crossing the N33 trillion mark and maintaining momentum into the first quarter of 2026, following strong growth in earnings in Full Year 2025 and Q1’26. The bank’s unaudited results for the first quarter ended March 31, 2026, showed that total assets stood […]

Stock investors gain N3.4tn in shortened trading week
Finance

NGX hits record high as banking stocks drive market gains

The stock market extended its bullish run for the fourth consecutive week, supported by sustained investor interest in Banking and Industrial Goods stocks. Trading last week on the Nigerian Exchange Limited showed that market participants digested the first wave of the first quarter, Q1’26 earnings reports across the Consumer Goods, Cement, and Hospitality sectors. Precisely, […]

Business

Obasanjo insists Port Harcourt, Warri, Kaduna refineries won’t work

As the Nigerian National Petroleum Company Limited presses ahead with efforts to secure technical partners for the Port Harcourt, Warri, and Kaduna refineries, former President Olusegun Obasanjo has reiterated his longstanding position that the facilities will not function effectively. Obasanjo made the remarks during a television interview broadcast on Saturday night on Sony Irabor Live. […]

Aviation featured

Flight disruptions loom as ground handlers issue ultimatum over unpaid debts

A fresh crisis is unfolding in Nigeria’s aviation industry as ground handling companies threaten to suspend services over a debt exceeding N9bn owed by domestic airlines, sparking concerns about possible widespread flight disruptions from Tuesday. The impending showdown follows a seven-day ultimatum issued by the Aviation Ground Handlers Association of Nigeria, raising the risk of […]

Business featured

NUPRC urges refiners to invest in oil blocks for stability

The Nigerian Upstream Petroleum Regulatory Commission has advised members of the Crude Oil Refinery Owners Association of Nigeria to explore opportunities to acquire oil blocks in future licensing rounds as a sustainable way to address crude supply challenges. The Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, made the recommendation during a recent courtesy visit by CORAN […]

South African billionaire Wiese sells Shoprite shares worth $49.5m
Business

Lagos court bars Shoprite directors from selling assets over debt

A Federal High Court sitting in Ikoyi, Lagos, has barred Shoprite’s directors from selling any of the company’s shares or assets until the judgment debt is fully settled. The court further directed the directors to declare all the company’s movable and immovable assets to the judgment creditor, according to TheCable. Ambrose Lewis-Allagoa, the presiding judge, […]

Czech Republic bans DeepSeek over data security concerns
Tech

DeepSeek slashes prices on new AI model challenging tech giants

DeepSeek is ramping up competition in China’s AI sector by aggressively slashing prices on its newly launched flagship model, intensifying pressure on Silicon Valley rivals. The Hangzhou-based AI lab is offering a 75 per cent discount to developers using DeepSeek-V4-Pro, which was released last week after months of anticipation. It has also cut fees for […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Crypto

Bitcoin hits multi-month high on Iran deal optimism

Bitcoin edged closer to the US$80,000 mark on Monday as investors monitored fresh developments in the US–Iran standoff over the Strait of Hormuz. The leading cryptocurrency rose as much as 1.6 per cent to US$79,488, its highest level since January 31, when it last traded above US$80,000, according to Bloomberg. It was changing hands at […]

Nigerians to present BVN, NIN for dollar bond subscription
Business

DMO plans N700bn federal bond auction for April 27

The Debt Management Office on behalf of the Federal Government of Nigeria, is set to raise N700 billion through a Federal Government Bond auction scheduled for Monday, April 27, 2026. This was disclosed in an official offer circular issued to Primary Dealer Market Makers, which outlined the instruments on offer and the terms of the […]

featured Oil and Gas

NUPENG laments job losses, warns against suppressing workers’ rights

The Nigeria Union of Petroleum and Natural Gas Workers has raised serious concerns over escalating job losses and what it described as increasing suppression of workers’ rights in the nation’s oil and gas industry. Vanguard reported that in his valedictory speech at the union’s 6th Quadrennial Delegates Conference in Lagos weekend, NUPENG President, Prince Williams […]

Indonesia to set minimum age for for children's social media use
Tech

Canadian Province to ban social media, AI chatbots for youths

The Canadian province of Manitoba is planning to restrict young people’s access to social media platforms and AI chatbots, its leader has said. The premier of the province, Wab Kinew, which has a population of about 1.5 million and lies north of North Dakota, announced the proposed policy during a speech on Saturday at an […]

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