Business

Lasaco Assurance raises ₦19.3bn in rights issue

  • 28th July 2026

United Capital posts ₦24.8bn pre-tax profit in H1

  • 28th July 2026

Nigeria is facing shortage of investment-ready startups, not

  • 28th July 2026

AMCON recovers N165bn from bank debtors in H1

  • 27th July 2026

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US state accuses Meta of prioritising profits over teen

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Nigeria loses 62,400GWh to gas flaring despite FG penalties

Energy

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FG urges stronger ECOWAS ties to fight border crimes, terrorism

The federal government has intensified calls for stronger cross-border cooperation among ECOWAS member states to combat transnational crime, terrorism and other border-related challenges threatening regional stability. The Director-General of the National Boundary Commission, Adamu Adaji, made the call during the annual stakeholders’ meeting on ECOWAS Cross-Border Cooperation held in Abuja. The regional meeting, hosted by […]

Maritime

Africa cannot achieve economic growth with outdated ports – Abubakar Dantsoho

Port Management Association of West and Central Africa President Abubakar Dantsoho has said African countries cannot achieve meaningful economic growth while relying on outdated port infrastructure. Dantsoho, who also serves as Managing Director of the Nigerian Ports Authority, made the remarks at the closing ceremony of PMAWCA meetings in Lagos, according to a statement issued […]

Business

ECOWAS pushes deeper regional integration via enhanced border ties

The Economic Community of West African States has stepped up efforts to deepen cross-border cooperation among member states as part of initiatives aimed at enhancing regional trade, strengthening security collaboration, and advancing economic integration across West Africa. The Director-General of the National Boundary Commission, Adamu Adaji, represented by the Head of Cross Border Cooperation, Dr. […]

Electricity

Over five million Nigerians still lack prepaid metres in 2026 — NERC

About 5.1 million consumers, representing about 41 per cent of Nigeria’s 12.31 million active electricity customers were without prepaid meters as of February 2026, according to data released by the Nigerian Electricity Regulatory Commission. The Commission, in its January and February 2026 metering factsheet, disclosed that only 7.21 million customers had been metered by February […]

SpaceX’s starship spirals out of control in test flight
Tech

SpaceX halts inaugural Starship V3 launch at Starbase

SpaceX has called off the inaugural launch of its third-generation Starship rocket system from its Starbase facility in Texas. The company is now expected to try again on Friday. The mission is a key milestone for SpaceX, marking the first flight test of its upgraded Starship V3 hardware. It also comes at a sensitive time […]

Investment

Nigeria commits to net-zero carbon emissions with German-backed investment plan

The Federal Government launched its Net-Zero Investment Plan in Abuja on Wednesday, setting a 2060 target for carbon neutrality while pushing for growth anchored on clean investment. Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, said the plan outlines Nigeria’s pathway to net-zero greenhouse gas emissions and positions climate action within the country’s […]

featured Oil and Gas

Chinese firms to gain 51% stake in PH, Warri refineries

The Nigerian National Petroleum Company Limited is considering an NLNG-style equity partnership that could hand Chinese investors a majority stake of about 51 per cent in the Port Harcourt and Warri refineries as part of a broader plan to rehabilitate and commercially reposition the facilities. Details of the arrangement emerged after NNPC signed a Memorandum […]

Aviation

Keyamo urges action to improve African air connectivity

The Minister of Aviation and Aerospace Development, Festus Keyamo, has identified five strategic priorities he says are essential to strengthening connectivity across Africa, stressing that the continent can no longer afford to remain among the least connected regions globally. Keyamo made the remarks in a paper presented on Thursday at the Annual Lecture Series of […]

92 million Nigerians without access to electricity - FG
Business

NDPHC restores 450MW Abia power plant after three-year shutdown

The Niger Delta Power Holding Company has announced the successful restoration of the 450-megawatt Alaoji Open Cycle Power Plant in Abia State, bringing the facility back online after a 36-month shutdown linked to gas supply disruptions, metering disputes, and accumulated debts. The Managing Director and Chief Executive Officer of NDPHC, Jennifer Adighije, disclosed the development […]

Tech

Spotify partners Universal Music for AI music creation feature

Spotify and Universal Music Group have reached a new agreement that will enable subscribers to generate AI-powered song covers and remixes. The licensing deal marks the first time Spotify will allow users to create content using artificial intelligence directly on its platform. The feature is expected to launch as a paid add-on within the app, […]

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