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EFCC charges two over alleged unlawful supply of FCMB

Business

New airbus acquisition strengthens Ibom Air – Eno

Aviation

FAAN denies ban on Uber, Bolt at Lagos, Abuja

Aviation

FG urges banks, fintechs to bridge $14.8bn gender financing

Business

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Business

OPEC rejects IEA forecast of oil oversupply

OPEC Secretary General Haitham Al Ghais on Thursday rejected the International Energy Agency’s forecast that global oil markets are heading toward a supply glut. The IEA said on Wednesday that a lasting resolution of current geopolitical conflicts could unlock additional oil supplies and create a significant surplus in the market next year. According to the […]

Tech

NASA picks Relativity Space for Mars mission

Relativity Space, the rocket manufacturer acquired last year by former Google executive chairman Eric Schmidt after struggling to reach orbit, could now be positioned to reach Mars ahead of rivals including SpaceX. On Tuesday, NASA announced it has awarded the company a contract to design, build, and launch a spacecraft carrying a suite of scientific […]

Electricity

NDPHC vows stable power supply to boost business energy security

The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Jennifer Adighije, has reaffirmed the company’s commitment to delivering reliable and sustainable electricity across Nigeria, stressing that stable power supply remains critical to deepening democracy and driving economic growth. In her goodwill message to commemorate Democracy Day, Adighije said democracy thrives […]

Oil and Gas

Petrol imports jump 59.5% in May — NMDPRA

Nigeria recorded a sharp rise in petrol imports in May 2026, as oil marketers increased foreign purchases despite growing contributions from local refineries, latest industry data has shown. Figures released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority indicated that imports of Premium Motor Spirit rose by 59.5 per cent, reversing a previous downward […]

featured Finance

FAAC shares ₦2.3trn revenue for May

The Federation Account Allocation Committee has shared a total of N2.3 trillion among the Federal Government, state governments and local government councils from revenues generated in May 2026. The latest allocation represents an increase of N43 billion compared to the N2.257 trillion distributed from April revenues, reflecting continued growth in federally collected income. Details of […]

Insurance

92% of personal pension plan accounts dormant — PenCom

Amidst efforts by the National Pension Commission to include informal sector workers in the pension scheme, the Personal Pension Plan which caters to the informal sector, has remained stagnant. While the PPP has 215,412 registered Retirement Savings Accounts only 17,320 of these RSAs, which represents eight per cent, have received contributions. The remaining 198,092 RSAs, […]

featured Finance

Only 6% of Nigerians can access formal credit — Mutual Benefits

Mutual Benefits Assurance Plc has said a situation where only about six per cent of adults can currently access credit through formal financial institutions, is not ideal. According to the company, while access to credit remains important for economic growth, financial protection mechanisms are equally essential in helping individuals and businesses withstand economic shocks. Vanguard […]

Policy and Regulations

FG denies plans for new fuel, telecom taxes

The Federal Government has said it is not considering the imposition of fuel and telecommunications taxes. It was reacting to reports suggesting that it has adopted or is considering new taxes on telecommunications services and petroleum products following the recommendation of the International Monetary Fund Article IV Consultation Report on Nigeria. Vanguard reported that the […]

featured Finance

Naira stable at ₦1,360/$ in official FX market as liquidity improves

The naira traded relatively stable against the United States dollar at the Nigerian Foreign Exchange Market on Thursday, June 18, 2026, as traders continued to monitor foreign exchange liquidity and demand pressures across the market. Data published by the Central Bank of Nigeria (CBN) showed the official exchange rate hovering around the ₦1,360 per dollar […]

Business

PenCom, NURTW move to enrol nine million transport workers

The National Pension Commission and the National Union of Road Transport Workers have commenced talks on a partnership to bring an estimated nine million transport workers into the Personal Pension Plan under Nigeria’s Contributory Pension Scheme. The development was disclosed in a statement issued by PenCom on Wednesday after the NURTW National President, Musiliu Akinsanya, […]

Maritime

Truck owners upgrade database to boost maritime haulage transparency

The Association of Maritime Truck Owners has upgraded its Members Web Application Database as part of efforts to strengthen professionalism, transparency, and operational efficiency within the maritime haulage sector particularly in Lagos ports. AMATO disclosed that the latest round of improvements was carried out entirely by its in-house technical team without the involvement of external […]

Telecommunications

Telcos dismiss fears NCC’s MTR review will raise tariffs

Telecommunications operators in Nigeria has dismissed notions that the recent attempt by the Nigerian Communications Commission to commission a cost-based study to determine fresh mobile termination rates, will lead to increase in telecom tariffs in the country. The telcos said such assumptions would only wrongly preempt the outcome of the market study and throw the […]

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