Business

Sigma pulls out of $10bn bid to acquire

  • 16th June 2026

EU trade deficit with China hits record €1b

  • 16th June 2026

Dangote, AFC sign $600m deal to boost fertiliser

  • 16th June 2026

Nigeria lost N1.75tn in crude export revenue in

  • 16th June 2026

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TCN raises alarm over power transmission vandalism in Niger

Electricity

Digital postcode system will transform Nigerian commerce — Bosun

E-commerce

NIPOST targets unique digital postcode for every building nationwide

Housing

Sigma pulls out of $10bn bid to acquire UK

Business

Blog

featured Opinion

Atiku faults Tinubu’s fresh $516m Sokoto-Badagry loan request

Former Vice President Atiku Abubakar has fired a broadside at President Bola Tinubu over his request for Senate approval of a fresh $516 million external loan to finance portions of the Sokoto–Badagry Superhighway project, warning that Nigeria must not “borrow blindly” in the name of development. In a statement issued on Wednesday by his Senior […]

Business

FCCPC closes Abuja estate over alleged breach of buyers’ rights

The Federal Competition and Consumer Protection Commission has shut down Paradise Estate in Life Camp Extension, Abuja, over alleged breaches of consumer rights. The action followed several complaints from subscribers who said they fully paid for housing units that were never delivered. According to the Commission, the developer’s persistent refusal to comply with regulatory directives […]

Investment

Dangote pledges to build 650,000 bpd refinery in East Africa

Africa’s leading industrialist and President of the Dangote Group, Aliko Dangote, has said the refinery in Lagos can be replicated in East Africa with the right support. Vanguard reported that he made the pledge at the infrastructure summit – the Africa We Build Summit 2026 – on Thursday in Nairobi, Kenya. Dangote said: “I can […]

Business

MTN to compensate subscribers over poor network quality

MTN Nigeria has announced plans to compensate subscribers affected by poor network quality, in line with a recent directive from the Nigerian Communications Commission to mobile network operators. In a statement on Thursday, the telecom company said customers in areas where service disruptions were recorded will receive compensation covering November, December, and January. Although MTN […]

Fraud losses decline in Nigerian banks in Q1 2024 - Report
Business

Africa’s central bank reserves rise to $530bn

Africa’s central bank reserves climbed to $530 billion in 2025, largely supported by higher gold prices and increased accumulation of the precious metal. This was revealed in the Africa Finance Corporation’s latest “State of Africa’s Infrastructure Report,” which notes a broader shift in reserve management across the continent amid ongoing global economic uncertainty. According to […]

Tech

Netflix approves $25bn share buyback

Netflix’s board on 22 April 2026 approved a new $25 billion share repurchase programme with no set expiration date, according to a regulatory filing submitted the next day. The latest authorisation adds to a December 2024 buyback plan, which still had $6.8 billion available for repurchases as of 31 March. The move followed a disappointing […]

Business

Pi-CNG secures credit guarantee backing for auto conversion drive

The Presidential Initiative on Compressed Natural Gas and Electric Vehicles has entered into a memorandum of understanding with the Nigerian Consumer Credit Corporation, the National Credit Guarantee Company Limited, and Moniepoint Microfinance Bank to boost financing for the conversion of vehicles to compressed natural gas. The agreement, signed in Abuja on Wednesday, will provide structured […]

CBN fines banks ₦150m for selling mint Naira notes
Aviation

CBN reforms boosts UK aviation, trade ties — Tinubu

President Bola Ahmed Tinubu has said the resolution of outstanding financial liabilities by the Central Bank of Nigeria marks a major turning point in strengthening Nigeria’s economic and aviation ties with the United Kingdom and its flagship carrier, British Airways. This was disclosed in a statement issued by presidential spokesperson Bayo Onanuga following a meeting […]

Finance

Tinubu unveils ₦25trn pension assets to secure workers’ future

President Bola Tinubu has officially unveiled a N25 trillion pension asset pool. This initiative is part of a broad social protection drive intended to ensure that Nigerian workers no longer experience financial hardship following their retirement. During the opening of the ISSA 2026 West Africa Seminar in Abuja, the President reaffirmed his administration’s dedication to […]

Nigeria's treasury bills rate hit 13.9%
Finance

CBN allots ₦894bn treasury bills, demand hits ₦2.36tn

The Central Bank of Nigeria allotted a total of N894.17 billion at its Treasury Bills Primary Market Auction held on Wednesday, April 22, 2026, amid strong investor demand and stable stop rates across all maturities. The auction results seen by Nairametrics on Wednesday show that total subscriptions surged to N2.36 trillion, significantly exceeding the N750 […]

Food

FG to cut post-harvest losses by 10%, tackle hunger

The Federal Government has said that if the country can reduce post-harvest loss of farm produce by just 10 per cent, it will drive food availability. The government highlighted the alarming rate of agricultural produce wastage in Nigeria, with farmers losing up to 70 per cent of their harvest due to inadequate storage and poor […]

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