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

Banking

Zenith Bank posts N1.26tn pre-tax profit in 2025

Zenith Bank Plc has announced its audited results for 2025, posting a pre-tax profit of N1.26 trillion, down 4.78 per cent from the previous year. The slight decline was offset by robust top-line growth, as interest income rose to N3.6 trillion from N2.7 trillion in 2024. Loans and advances remained the main driver, contributing N1.8 […]

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity

Gencos urge NERC to review tariffs after gas price hike

Electricity generation companies have called on the Nigerian Electricity Regulatory Commission to urgently review electricity tariffs following the Federal Government’s recent increase in the domestic base price of gas, warning that delays could worsen liquidity challenges and distortions across the power sector. The Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji, […]

Naira closes week stronger at N1,534.72/$ 
Finance

Naira holds steady against dollar at ₦1,379/$ in official market

The Naira maintained a relatively stable position against the United States Dollar in the early hours of Tuesday, April 7, 2026, across both the official and informal foreign exchange markets. As of Tuesday morning, the exchange rate at the Nigerian Foreign Exchange Market (NFEM) opened at approximately 1,379.30 per dollar. Data from the official window […]

Banking

CBN forensic audit exposes irregularities in Union Bank takeover

Fresh details have emerged regarding the circumstances that led to the regulatory intervention in Union Bank of Nigeria, with a forensic audit report alleging wide-ranging financial irregularities under the bank’s former owners and directors. The Central Bank of Nigeria had in January 2024 dissolved the bank’s board and management, citing the need to safeguard financial […]

Economy

Lagos GDP to hit ₦73.15trn in 2026 — Report

The Lagos Development Update 2026 report has projected significant expansion in the state’s economy, with nominal Gross Domestic Product expected to rise to N73.15 trillion this year from N62.66 trillion in 2025, supported by easing inflation, stronger consumption, and improved revenue mobilisation. Speaking at the presentation of the report, Commissioner, Ministry of Economic Planning and […]

Helth

Resident doctors to strike today over unpaid allowances

The strike declared by the Nigerian Association of Resident Doctors, scheduled to begin today, April 7, 2026, is already threatening to disrupt services across federal and state-owned hospitals nationwide. Resident doctors in Nigeria have spent a cumulative 51 days on strike since the administration of President Bola Tinubu began, a development that raises fresh concerns […]

News

Lagos to open Ojota-Opebi link bridge to public this week

The Lagos State Government has announced that the Ojota-Opebi Link Bridge will be opened to the public this week. The Special Adviser on Media and Publicity to the Lagos Governor, Gboyega Akosile, made the disclosure in a statement on Monday, April 6. The bridge is one of several projects that President Bola Ahmed Tinubu is […]

Tech

Apple escalates app store battle, plans supreme court appeal

Apple is gearing up to bring its App Store dispute with Epic Games before the United States Supreme Court. In a recent filing, the iPhone maker indicated it intends to ask the Court to review another element of the protracted case concerning App Store fees. Meanwhile, Apple requested a pause on the appeals court’s ruling […]

Business

Iran vows strikes on AI, data centres amid rising tensions with US

Iran has threatened additional attacks on data centers across the Middle East in response to continued U.S. threats and air strikes. According to a video widely circulated on Sunday, Iranian military spokesperson Ebrahim Zolfaghari warned that if the U.S. targets Iran’s civilian infrastructure, Tehran would retaliate by striking American energy and technology assets in the […]

Banking

Wema Bank reaffirms support for Nigeria’s MSMEs

Wema Bank has reiterated its commitment to advancing Nigeria’s small business sector, highlighting entrepreneurs as the key drivers of the country’s sustainable economic growth. The pledge comes on the heels of a standout performance at the 2026 Global SME Banking Innovation Awards, where Wema Bank claimed two major honours: SME Financier of the Year and […]

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