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AMCON recovers N165bn from bank debtors in H1

  • 27th July 2026

Over 90% of informal workers abandon personal pension

  • 27th July 2026

Oando plans power generation from abandoned oil wells

  • 27th July 2026

Senate replaces outdated insurance law with new regulatory

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Business

Lagos reports N80bn income from building permit applications

The Lagos State Government generated approximately N80 billion in revenue from building approval applications in 2025. The Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Olumide, disclosed this on Friday during the 2026 Ministerial Briefing held in Lagos to mark the seventh anniversary of Governor Babajide Sanwo-Olu’s administration, according to The Punch. Explaining the […]

Aviation

Air Peace, SmartLynx resolve dispute over leased aircraft

Nigeria’s largest carrier, Air Peace, has released a third aircraft in its fleet an Airbus A320—to Latvia-linked leasing company SmartLynx Airlines, nearly six months after a dispute between the parties escalated into a legal battle. Sources familiar with the matter said the aircraft was returned following an out-of-court settlement reached between Air Peace and the […]

featured Sport

Real Madrid retains crown as world’s richest football club

Spanish giants, Real Madrid, have once again emerged as the world’s most valuable football club, according to Forbes’ 2026 rankings, while Barcelona moved ahead of Manchester United into second place. Forbes released its latest list on Friday, valuing Real Madrid at $9.5 billion. It marks the fifth straight year Los Blancos have topped the rankings […]

featured Oil and Gas

Dangote Refinery emerges top global jet fuel exporter in April

Dangote Refinery topped global jet fuel exports in April driven by output growth and Middle East supply disruptions. Dangote Petroleum Refinery has emerged as the world’s largest exporter of jet fuel in April, driven by surging production levels and global supply disruptions linked to the Middle East conflict, according to S&P Global Energy data. The […]

Business

LG Electronics’ shares surge 23% after Google-powered innovations

LG Electronics shares surged 23.95 per cent after unveiling Google-powered Android Automotive innovations for multi-display in-car systems technology push initiative. Shares of LG Electronics jumped as much as 23.95 per cent following the company’s announcement of a new suite of automotive technologies developed using software and systems built with Alphabet Inc.’s Google. The South Korean […]

Policy and Regulations

NSIB probes Bonny Anchorage vessel collision in Rivers

The Nigerian Safety Investigation Bureau has commenced investigation into the collision involving container vessel MV Maersk Valparaiso and oil tanker MT Lady Martina at Bonny Anchorage in Rivers State. The incident occurred on May 20, 2026. The Bureau has classified the incident as a “Very Serious Marine Casualty”. In a statement issued yesterday by the […]

Travel

Cambodia denies reports ordering Africans to leave by May 31

Cambodia’s General Department of Immigration under the Ministry of Interior has strongly refuted viral online reports claiming that the country has ordered African nationals with expired immigration waivers to leave by May 31, 2026. In an official press clarification issued on Friday, May 29th, the GDI described the circulating information as “completely untrue.” The statement […]

featured Finance

Naira maintains stability at ₦1,375/$ in official FX market

The naira traded at around ₦1,375.41 against the United States dollar at the official Nigerian Foreign Exchange Market on Friday, May 29, 2026. At the parallel market, the dollar exchanged between ₦1,378 and ₦1,390, reflecting continued stability in the foreign exchange market. Data released by the Central Bank of Nigeria showed that the naira recorded […]

Economy

Nigeria recorded sharp drop in Q3 fiscal deficit to ₦330bn — Report

Nigeria’s fiscal deficit narrowed significantly to N330 billion in the third quarter of 2025, reflecting improved government revenue performance, tighter expenditure management, and easing fiscal pressure compared to the corresponding period of 2024. This was disclosed in the latest fiscal performance report released by the Budget Office of the Federation, which showed that the Federal […]

Business

Nigeria capital market transitions to T+1 settlement cycle

The Securities and Exchange Commission, Central Securities Clearing System Plc, Nigerian Exchange Group, and other key capital market stakeholders will on Monday, June 1, 2026, host an official ceremony. The ceremony is to commemorate the Nigerian capital market’s transition from a T+2 to a T+1 settlement cycle. The transition to T+1, which takes effect from […]

Economy featured

Tinubu takes bullets to save Nigeria from economic disaster — Onanuga

Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has defended the Federal Government’s economic reforms. He said the President made difficult decisions to prevent Nigeria from sliding into fiscal crisis. In an opinion article released on Friday to mark Tinubu’s third year in office, Onanuga said the administration implemented painful but […]

Opinion

CPPE raises alarm over low manufacturing GDP contribution

Despite Nigeria’s modest economic growth in the first quarter of 2026, experts have raised concerns over the weak performance of the manufacturing sector. They warned that the economy may struggle to achieve sustainable transformation without a stronger industrial base. According to Vanguard, the Chief Executive Officer of the Centre for the Promotion of Private Enterprise, […]

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