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Dangote cement hits historic N10trn market capitalization

Dangote Cement plans 10% share sale in London

  • 8th May 2026

C&I Leasing posts ₦532.84m pre-tax profit in Q1

  • 8th May 2026

Eterna Q1 profit doubles as revenue hits ₦70.5bn

  • 8th May 2026

MTN shareholders approve ₦167.9m remuneration for chairman Ndukwe

  • 7th May 2026

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Atiku faults NNPCL, China deal on Port Harcourt refineries

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Lagos issues 14 operators licences to boost electricity market

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Dangote cement hits historic N10trn market capitalization

Dangote Cement plans 10% share sale in London listing

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PenCom to deploy tools for states pension compliance enforcement

Finance

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Business

Customs to end physical cargo inspections in 2026 – Adeniyi

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, announced on Tuesday that by December 2026, physical inspections of cargo will be fully phased out, with the Service shifting entirely to scanning technologies and data analytics. Adeniyi noted that this move is part of a broader effort to modernise cargo clearance, leveraging technology to ease […]

Electricity

Blackout looms as gas suppliers stop deliveries to thermal plants

Nigeria’s electricity challenges could intensify in the coming weeks as gas suppliers suspend deliveries to thermal power plants, citing an estimated N3.3 trillion debt owed by power generation companies. The move threatens to worsen the country’s ongoing power shortage. The Chief Executive Officer of the Association of Power Generation Companies, Dr. Joy Ogaji, warned in […]

PUNCH boss Adeyeye Joseph joins World Editors’ Forum Board
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PUNCH boss Adeyeye Joseph joins World Editors’ Forum Board

The Managing Director and Editor-in-Chief of Punch Nigeria Limited, Adeyeye Joseph, has been named to the board of the World Editors Forum, an international body that brings together newsroom leaders within the World Association of News Publishers. The appointment positions Adeyeye among senior editors and media executives involved in shaping global conversations around newsroom leadership, […]

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  • 12th March 2026
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Brent hits $100 despite emergency reserve release

Oil prices jumped more than 8 per cent on Thursday, with Brent crude climbing to $100 per barrel, as traders remained skeptical that the release of government stockpiles would be enough to counter the major supply disruption caused by the war in the Middle East. U.S. benchmark West Texas Intermediate rose 8.8 per cent to […]

News

Tinubu appoints Lamido Yuguda CBN deputy governor

President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda, former Director-General of the Securities and Exchange Commission as Deputy Governor of the Central Bank of Nigeria. The appointment was disclosed in a statement on Wednesday by presidential spokesman Bayo Onanuga, adding that the appointment is subject to confirmation by the Senate. Onanuga […]

Tech

Google completes $32bn acquisition of Israeli cyber-security firm Wiz

Google has completed its $32 billion cash acquisition of Israeli cybersecurity company Wiz, a year after the deal was first announced, making it the largest acquisition in Google’s history. Wiz offers a security platform that safeguards major cloud environments by detecting and responding to cyber threats. Although it will become part of Google Cloud, Wiz […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Tech

Microsoft to share 2027 Xbox prototypes with game developers

Microsoft announced Wednesday that it will provide video game developers with prototypes of its next-generation Xbox console, set for 2027, in an effort to catch up with Nintendo and Sony. The new console will include a custom chip from Advanced Micro Devices, according to vice president in Microsoft’s Xbox division, Jason Ronald in a blog […]

EU probes TikTok over breach of privacy
Tech

Oracle discloses $2.2bn stake in TikTok US operations

Almost two months after TikTok’s United States operations were transferred to a consortium of investors, Oracle has revealed its financial stake in the venture. In its quarterly filing on Wednesday, Oracle reported holding $2.2 billion in “non-marketable debt investments and equity securities and related instruments” for the period ending February 28. The filing noted that […]

Economy

Nigeria’s food import bill hits N7.65tn in 2025

Nigeria’s expenditure on imported food and beverage products rose sharply to N7.65 trillion in 2025, underscoring the nation’s growing dependence on foreign food amid rising domestic demand and persistent structural challenges in agriculture. According to the latest Foreign Trade Statistics report from the National Bureau of Statistics, these imports include both primary foodstuffs and processed […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Business

IEA to release 400m barrels of oil to ease global shortage

The International Energy Agency has announced plans to release 400 million barrels of oil to help ease the global supply shortage. The agency’s Executive Director, Fatih Birol, disclosed this on Wednesday during a broadcast. Birol said the decision followed a unanimous agreement among member countries after supply disruptions linked to the ongoing conflict involving the […]

YouTube to tighten monetization rules to combat AI-generated content
Tech

YouTube ad revenue hits $40bn, surpasses Disney, Paramount, WBD in 2025

YouTube posted record-breaking ad revenue in 2025, generating an estimated $40.4 billion. The research by Moffett Nathanson shows that the figure surpasses the combined advertising revenue of four major Hollywood players, Disney, NBC, Paramount, and Warner Bros. Discovery—which collectively earned $37.8 billion last year. The shift underscores how dramatically content consumption has evolved and how […]

Oil and Gas

Dangote Refinery slashes petrol price by ₦100 to ₦1,075

Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit and Automotive Gas Oil. This marks the first downward adjustment after several sharp increases recorded in recent days. According to the refinery’s latest pricing template released on March 10, 2026 as seen on petroleumprice.ng, the gantry price of petrol has been cut by […]

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