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Over 70% eligible staff accept NNPCL early retirement

  • 15th June 2026

G7 nations seek common ground with Trump after

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Nigeria inflation hits 15.93% in May despite slower

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PenCom launches monitoring platform to enforce pension compliance

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Over 70% eligible staff accept NNPCL early retirement scheme

Business

DMO to raise ₦1.2trn through FGN bond reopening

Finance

United Capital acquires 5% stake in NGX

Finance

CBN orders banks, fintechs to store data locally

Policy and Regulations

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Wema Bank exceeds CBN recapitalisation target, retains national licence

Wema Bank has secured its position in Nigeria’s tier-2 financial sector after announcing on Monday that it has not only met but comfortably exceeded the Central Bank of Nigeria’s new recapitalisation requirement, thereby retaining its national banking licence. The bank reported a total qualifying capital of N264.7 billion, well above the N200 billion minimum set […]

Business opportunities in Nigerian waste collection industry
Business

EU, LAWMA convene over rising construction waste

European Union-backed partners, in collaboration with the Lagos State Waste Management Authority, have intensified efforts to address construction and demolition waste in Lagos through the Green Waste Remediation and Recycling Vocational Training Workshop. The workshop, held at the LCCI Conference and Exhibition Centre in Ikeja, brought together policymakers, industry stakeholders, academics and development partners to […]

WhatsApp rolls out voice note transcription feature in India
Tech

Meta expands subscription strategy with WhatsApp Plus trial

Meta Platforms is expanding its push into subscription-based services, testing a new paid tier for WhatsApp that offers enhanced customization features. According to WABetaInfo, the company is rolling out a “WhatsApp Plus” plan to a limited group of users. The subscription includes cosmetic and quality-of-life upgrades such as exclusive stickers, themed interfaces, custom app icons, […]

Transportation

Dispatch rider killed by speeding NIPCO tanker in Lagos

The Lagos State Traffic Management Authority has confirmed a fatal crash at Motorways inward Estate, Alapere, Lagos, which claimed the life of a dispatch rider. LASTMA General Manager, Mr Olalekan Bakare-Oki, confirmed the accident in a statement on Monday. He said preliminary findings showed that an empty NIPCO tanker, registration number TTN-776ZQ, allegedly speeding, rammed […]

Oil and Gas

Tankers turn back as Hormuz crisis deepens shipping chaos

Traffic once again seized up in the Strait of Hormuz as both Tehran and Washington imposed separate blockades, with Iranian vessels continuing to test the United States shutdown, tracking data showed Monday. Iran announced on Friday that it would reopen the strategic waterway, but the United States did not reciprocate for vessels going to and […]

Standard Chartered initiates $1 billion share buyback
Banking

Standard Chartered tops M&A advisory rankings in West Africa

Standard Chartered has been ranked as the number one Mergers & Acquisitions Financial Adviser by deal value in West Africa. The rankings were unveiled at the prestigious DealMakers Africa Annual Gala Awards in Lagos recently. Standard Chartered secured the top position in the M&A financial adviser category by deal value, ahead of other leading global […]

Aviation

Court dismisses Air Peace suit against FCCPC investigation

The Federal High Court in Abuja on Monday dismissed the suit filed by Air Peace Limited seeking to restrain the Federal Competition and Consumer Protection Commission from issuing summons over numerous alleged complaints from passengers nationwide regarding unrefunded ticket fares, canceled flights, among others. Justice James Omotosho dismissed the suit for “lacking merit,” faulting the […]

Dangote Sugar exceeds N1tn market cap level 
Business

Dangote Sugar plans ₦500bn rights issue for growth

Dangote Sugar Refinery Plc has announced plans to raise up to N500 billion through a Rights Issue, subject to regulatory approvals. This is part of efforts to strengthen its capital base and support future growth. The development was disclosed in a statement signed by the Company Secretary, Mrs. Temitope Hassan, following the company’s 20th Annual […]

Finance

Tinubu approves $75m investment in Flutterwave

President Bola Tinubu has approved a $75 million investment in Flutterwave as the fintech company advances plans for its Initial Public Offering. The development was disclosed on Monday by the President’s Special Assistant, Dada Olusegun, via a social media post. The move comes shortly after Flutterwave secured approval to operate banking services in Nigeria, marking […]

Finance

Dollar hits one-week high as US-Iran tensions spike FX fears

The United States dollar climbed to a one-week high against major currencies on Monday as renewed tensions between the United States and Iran dampened hopes for a Middle East peace deal. Reuters reported that this follows developments over the weekend in which the United States seized an Iranian cargo ship, escalating geopolitical uncertainty. The situation […]

EU rules out fee for tech giants under digital markets act
Business

EU antitrust chief rejects push to relax merger rules

The European Union’s antitrust chief has rejected proposals to ease merger regulations aimed at helping the bloc build corporate champions capable of competing with US and Chinese giants. “It is not necessary to relax them,” Teresa Ribera told Bloomberg. “If anyone thought that this call for the creation of champions was an argument to deregulate, […]

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