Business

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Senate replaces outdated insurance law with new regulatory

  • 27th July 2026

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Business

Oil prices rise as US strikes in Iran heighten supply fears

Oil prices climbed on Thursday after renewed United States strikes in Iran heightened fears of disruption to commercial shipping through the Strait of Hormuz. Brent crude, the global benchmark, rose 2.48 per cent to $96.63 per barrel by 4:13 a.m. ET, easing slightly from earlier gains. West Texas Intermediate increased 2.41 per cent to $90.82 […]

Business

W’Bank education scheme sees over 55% reduction in Nigeria’s classroom funding

Funding earmarked for the construction of new classrooms under the Federal Government’s World Bank-supported education programme has fallen by 55.3 per cent following a restructuring of the $500 million HOPE for Quality Basic Education for All project. According to a World Bank restructuring document, allocations dedicated to building new primary school classrooms through community participation […]

Conferences

Oyetola, others to attend SCAN 2026 for green ports dialogue in Lagos

The Minister of Marine and Blue Economy, Adegboyega Oyetola, immediate past President-General of the Maritime Workers Union of Nigeria, Adewale Adeyanju, and President of the Nigerian Chamber of Shipping, Aminu Umar, among others, will gather at the 2026 Shipping Correspondent Association of Nigeria Dockworkers’ Day to discuss sustainable practices and improved welfare standards for dockworkers […]

Maritime

A’Ibom maritime academy earns global standard certification milestone

The Maritime Academy of Nigeria, Oron, in Akwa Ibom State, on Wednesday, received the Integrated Management System Certification facilitated by the Standard Organisation of Nigeria. This achievement forms part of efforts to strengthen institutional capacity and enhance human capital development. Vanguard reported that speaking at the presentation of the certificate, the Minister of Marine and […]

featured Finance

19,969 retirees switch PFAs amid declining transfer trend

In the quest for better management and significant return on investment for their pension savings, a total of 19,969 Retirement Savings Account holders transferred their pension contributions from one Pension Fund Administrator to another in the fourth quarter of 2025. The value of funds transferred within the quarter stood at N153.31 billion. However, the number […]

Agribusiness featured

NADF, OSPRE sign MoU for agricultural early warning system

The National Agricultural Development Fund and the Office for Strategic Preparedness and Resilience have signed a Memorandum of Understanding to deploy an Agricultural Early Warning System. This system will provide farmers, policymakers, financial institutions and other stakeholders with timely information for planning and responding to threats affecting food production across the country. In a statement […]

featured Finance

Naira holds steady at ₦1,375/$ in official FX market

The naira traded within a relatively stable range against the United States dollar on Thursday, May 28, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market, amid sustained market interventions and improving liquidity conditions. Data published by the Central Bank of Nigeria showed that the naira traded around ₦1,375.41 per dollar […]

Business

CPPE raises concern over Nigeria’s weak manufacturing base despite GDP growth

The Centre for the Promotion of Private Enterprise has warned that Nigeria may struggle to achieve sustainable structural transformation without a stronger manufacturing sector, despite improved economic growth recorded in the first quarter of 2026. The position was contained in the organisation’s latest policy. The report followed the release of fresh data by the National […]

Appointments

AfDB appoints Keyamo as African champion for $7bn aviation programme

The African Development Bank has appointed Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, as the African champion for its newly unveiled Integrated Aviation Transformation Programme for Africa, a $7bn initiative aimed at repositioning the continent’s aviation industry. Nairametrics reported that, according to the letter of appointment on Wednesday, the appointment follows what it […]

Energy

Global energy shift would require over $1trn, UNCTAD warns

The United Nations Conference on Trade and Development has said the global transition to renewable energy will require more than $1 trillion in annual investments by 2030, warning that developing economies may struggle to meet climate and energy targets without stronger foreign direct investment inflows and wider access to clean technologies. The disclosure was contained […]

Tech

Meta eyes subscription revenue with paid AI plans

Meta plans to begin charging users for certain artificial intelligence features as the company looks to build new AI-era revenue streams beyond digital advertising. The paid offerings, which will apply to the Meta AI app and website, mark the latest step in Meta’s push to compete with rivals including openai, anthropic, and gemini. Meta’s head […]

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