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AMCON recovers N165bn from bank debtors in H1

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Over 90% of informal workers abandon personal pension

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Oando plans power generation from abandoned oil wells

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Senate replaces outdated insurance law with new regulatory

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featured Finance

Abuja families spend ₦300,000 monthly on basic healthy diet — Report

The cost of maintaining a healthy diet in Abuja remains significantly high despite signs of moderating food inflation year-on-year. This is according to a market survey conducted by Nairametrics across Orange Market, Nyanya Market and Karu Market in Abuja. The survey found that the average Nigerian adult now spends between N1,500 and N2,000 daily to […]

Electricity featured

Obi pledges 10,000 MW power increase in four years if elected

Peter Obi has pledged to increase Nigeria’s electricity generation and distribution capacity by at least 10,000 megawatts within four years, representing a 250 per cent increase from the country’s current output of about 4,000MW. Obi made the commitment on Saturday, May 30, 2026, while accepting his nomination as the presidential candidate of the Nigerian Democratic […]

Business

First HoldCo assures shareholders of dividend payments resumption by year-end

First HoldCo Group Managing Director and Chief Executive Officer, Wale Oyedeji, has told shareholders that dividend payments are expected to resume at the end of the current financial year. Nairametrics reported that he gave the assurance at the company’s 14th Annual General Meeting, held virtually on Friday. Oyedeji said the group’s strong first-quarter performance and […]

Tech

Meta explores AI-powered necklace device

Meta is reportedly developing an AI-powered pendant that it plans to begin testing within the next year. The device is expected to build on technology from Limitless, an AI hardware startup Meta acquired at the end of 2025, according to a memo seen by The Information. Limitless had created a wearable pendant that could be […]

Business

NNPC revenue surges 79% to N4.97tn in April 2026

The Nigerian National Petroleum Company Limited recorded a strong improvement in its financial performance in April 2026, with revenue rising significantly to N4.97 trillion from N2.77 trillion in March. According to the company’s April 2026 operational and financial report released on Saturday, the increase represents a month-on-month revenue growth of approximately 79 per cent. The […]

featured

70% of Nigerian firms depend on generators amid power crisis – AfDB

The African Development Bank has disclosed that 70.7 per cent of businesses in Nigeria either own or share electricity generators as they grapple with chronic power shortages, with outages reducing annual sales by an estimated three per cent. The revelation was contained in the bank’s 2026 African Economic Outlook report, which examined fiscal policy and […]

Oil and Gas

NNPCL revenue jumps 79% to ₦4.97tn

The Nigerian National Petroleum Company Limited recorded a 79.23 per cent increase in revenue in April 2026, with earnings rising to N4.971 trillion from N2.774 trillion reported in March, according to its latest monthly financial and operational report. The state-owned energy company also posted a significant rise in profitability, with profit after tax increasing by […]

featured Finance

Govs considering ₦100,000 minimum wage amid hardship — NGF

The Chairman of the Nigeria Governors’ Forum and Governor of Kwara State, AbdulRahman AbdulRazaq, has disclosed that state governors are considering a new national minimum wage of N100,000 as part of efforts to address the growing economic hardship facing Nigerians. AbdulRazaq made the disclosure in a Facebook post on Saturday, explaining that the proposal was […]

Food

Food imports drop to $2.34bn despite forex surge

Nigeria spent $2.34 billion on food imports in 2025, according to data contained in the latest Quarterly Statistical Bulletin released by the Central Bank of Nigeria. The figure represents a 7.37 per cent decline from the $2.53 billion recorded in 2024, indicating a moderation in food-related foreign exchange demand despite the country’s continued dependence on […]

Business

OPay surpasses 45m users, expands merchant network nationwide

OPay says it has exceeded 45 million users and now serves more than one million merchants and businesses nationwide, highlighting the rapid expansion of digital payments and agency banking in the country. The fintech firm, which began operations in Nigeria in 2018, has grown into a major force in driving financial inclusion and supporting the […]

Business

Global markets brace for prolonged volatility as economic shock looms

Global financial markets are preparing for a prolonged phase of heightened volatility, as most of the world’s top economists warn of a potential shock across equities, private credit, and sovereign debt markets. The outlook is highlighted in the May 2026 edition of the World Economic Forum’s Chief Economists’ Outlook, released on Thursday. The report points […]

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