Business

Tony Elumelu named Seplat chairman in major leadership

  • 9th June 2026

OpenAI files for IPO as AI firms race

  • 9th June 2026

Nigeria’s transmission grid not limiting electricity supply –

  • 9th June 2026

US judge blocks Trump’s $100,000 H-1B visa fee

  • 8th June 2026

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Nigeria’s economy stronger but poverty worsened, IMF warns

Economy

Africa loses billions to corruption, recovers little, Kenyan envoy

Economy

Tony Elumelu named Seplat chairman in major leadership shakeup

Business

Tinubu approves ₦10bn to tackle Ebola threat in Nigeria

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Blog

Zenith Bank's Q3 earnings hit N620.6bn
Banking

Zenith Bank completes acquisition of Kenya’s Paramount Bank

Zenith Bank has completed its acquisition of Paramount Bank in Kenya, marking a major step in its expansion strategy across Africa. The Nigerian lender confirmed the deal’s closure in a statement signed by Company Secretary, Michael Osilama Otu, on Tuesday, with the value of the deal left undisclosed. With this acquisition, Zenith Bank becomes the […]

IATA welcomes CBN's release of $265m to airlines
Aviation

Jet fuel supply recovery to take months despite Hormuz reopening — IATA

Jet fuel supply recovery is expected to take months even if the Strait of Hormuz reopens, according to the International Air Transport Association. The disclosure was made by IATA Director-General, Willie Walsh, to reporters in Singapore, as reported by Reuters on Wednesday. The development follows a temporary ceasefire agreement between the United States and Iran, […]

featured Oil and Gas

Dangote slashes petrol price to ₦1,200/litre amid global oil crash

The Dangote Petroleum Refinery & Petrochemicals has slashed the ex-gantry price of Premium Motor Spirit (petrol) to N1,200 per litre, reversing its earlier increase amid a sharp drop in global crude oil prices triggered by geopolitical developments. The latest adjustment represents a N75 reduction from the previous price of about N1,275 per litre, which the […]

featured Oil and Gas

Iran opens Hormuz Strait after two-week ceasefire deal with US

Iranian Foreign Minister Abbas Araghchi has announced that safe passage through the Strait of Hormuz would be possible for two weeks, coordinated with Iran’s armed forces “and with due consideration of technical limitations.” The development follows U.S. President Donald Trump’s condition that the waterway be reopened as part of a ceasefire, coupled with his warning […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Business

CBN plans FX manual to boost market transparency

The Deputy Governor of the Central Bank of Nigeria, Muhammad Abdullahi, announced that the regulator will soon roll out a new foreign exchange manual designed to boost inflows and enhance stability in the currency market. Speaking on Tuesday at the Nigeria Development Update event hosted by the World Bank in Abuja, Abdullahi said the initiative […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
Economy

Nigeria’s inflation to rise 3.1% over oil shock – World Bank

The World Bank has warned that the ongoing surge in global oil prices could directly add around 3.1 percentage points to Nigeria’s headline inflation, as rising fuel costs ripple through the economy. The bank highlighted the widening gap between locally refined petrol and imported fuel as a key factor driving inflationary pressures in the downstream […]

Nigeria's treasury bills rate hit 13.9%
Business

Treasury bills market holds bullish momentum amid surge in liquidity

The Nigerian Treasury Bills secondary market last week sustained a strong bullish trend, driven by an unprecedented surge in system liquidity that pushed yields lower, Afrinvest Securities reported on Tuesday. As of Wednesday, 1 April 2026, the financial system entered the second quarter with a long position of N6.19 trillion. This ample liquidity renewed investor […]

featured News

Trump announces two-week ceasefire with Iran after Pakistan’s intervention

United States President Donald J. Trump has announced a proposed two-week ceasefire with Iran following diplomatic interventions. In a formal statement, Trump detailed the decision based on direct conversations with Pakistani leaders who urged him to halt planned military action. Trump stated: “Based on conversations with Prime Minister Shehbaz Sharif and Field Marshal Asim Munir, […]

BDC operators reject amended CBN licensing guidelines
Finance

Naira shows marginal recovery against dollar Wednesday morning

The Naira began the day with continued fluctuations against the United States Dollar, reflecting the ongoing volatility in the domestic foreign exchange market. As of early trading on Wednesday, April 8, 2026, the exchange rate at the Nigerian Foreign Exchange Market recorded a subtle shift, indicating a slight appreciation for the local currency compared to […]

featured Telecommunications

NCC mandates telcos to pay Nigerians for poor network service

The Nigerian Communications Commission has directed mobile network operators to compensate subscribers affected by prolonged or repeated poor quality of service under a new framework that takes effect from April 2026. The commission said the move was aimed at ensuring accountability in the telecommunications sector. Telcos are now required to identify affected subscribers and provide […]

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