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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

  • 15th June 2026

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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Diezani denies taking bribes in UK corruption trial

Former Petroleum Minister, Diezani Alison-Madueke, accused of benefitting from proceeds of corruption in the United Kingdom in exchange for granting government contracts has denied taking bribes. Diezani, 65, told Southwark Crown Court on Monday that she had “tried to push back on corruption” in a country plagued by it since the days it was a […]

NAICOM warns insurers over 2026 recapitalisation deadline
Business

NAICOM workers stage protest over staff welfare concerns

Members of the Association of Senior Civil Servants of Nigeria at the National Insurance Commission staged a peaceful picket to protest what they described as unfair labour practices and the neglect of staff welfare by management. Addressing the demonstration on Monday, Ibrahim Mustapha, chairman of the ASCSN NAICOM unit, accused the commission’s leadership of failing […]

Banking

EFCC warns banks against loans without credible collateral

The Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral, warning that such practices often result in insider abuse and non-performing loans. Olukoyede gave the warning recently when he received the Chief Audit Executive of First Bank Plc, Mufutau Abiola, who led a […]

Niger owes Nigeria N4bn for electricity supply - NERC
Electricity

NERC sets December deadline to slash power transmission losses

The Nigerian Electricity Regulatory Commission has introduced new regulations aimed at reducing electricity transmission losses and improving transparency across the national grid. The commission issued Order No. NERC/2026/026, which establishes a strengthened framework for the reporting and monitoring of Regional Transmission Loss Factors across Nigeria’s electricity transmission network. Data from the Nigerian Independent System Operator […]

Finance

Stock market surges ₦1.36trn on FTSE Russell frontier market upgrade

The Nigerian equities market has turbocharged, adding N1.36 trillion to its market capitalisation within just 72 hours. This rally was ignited by FTSE Russell’s decision to upgrade Nigeria from “Unclassified” back to “Frontier Market” status, a move that effectively restored the nation’s standing on the global investment map within a three-day window following the announcement. […]

Business

International Breweries posts record ₦88.9bn pre-tax profit for 2025

International Breweries Plc has reported a pre-tax profit of N88.9 billion in its 2025 audited financial statements published on the Nigerian Exchange, slightly above the unaudited figure of N85.1 billion. The result marks a strong turnaround from a loss of N111.8 billion in the prior year, driven largely by stronger revenue performance and reduced foreign […]

Food

Food prices surge further in April, worsens cost-of-living crisis

Food prices across Nigeria have tightened further in April 2026, deepening pressure on households already grappling with a high cost of living. Fresh market checks and retail data suggest that the upward trend seen earlier in the year has not only persisted but intensified in key urban centres, particularly Lagos. The price of a 50kg […]

Policy and Regulations

Large firms face sanctions over June e-invoicing deadline — Report

Many large businesses risk sanctions if they fail to connect their invoicing systems to the Nigerian Revenue Service’s electronic invoicing platform by the end of June, as authorities push ahead with a reform that will give tax officials near real-time visibility into company transactions. The e-invoicing system requires businesses to generate invoices digitally and transmit […]

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