Federal workers demand N300,000 minimum wage, payment of arrears
The Federal Workers Forum has urged the Federal Government to approve a new national minimum wage of N300,000 and immediately pay all…
Business
NIPOST boss faces prison threat over alleged disobedience of court order
The National Industrial Court in Abuja has been asked to commit the Postmaster General of the Nigerian Postal Service, Tola Odeyemi, to…
Manufacturers embrace local sourcing to cut high import costs
Nigeria’s manufacturers are increasingly embracing local sourcing and value addition as a survival strategy to reduce dependence on imported inputs. This comes…
OPEC+ approves 188,000bpd oil output increase for August
Seven members of OPEC+ have agreed to raise oil production quotas once again, approving an output increase of 188,000 barrels per day…
Discos lose 1.13 million customers despite record ₦2.32tn revenue
Electricity Distribution Companies have lost over 1.13 million customers amid lingering concerns over unreliable power supply and rising energy costs, findings by…
South Africa reaffirms no compensation for Nigerians’ abandoned properties
Khumbudzo Ntshavheni, South Africa’s minister in the presidency, has reaffirmed the country’s position against compensating Nigerians who left properties behind after being…
S’Africa, Egypt, Morocco top Africa’s ultra-wealthy hub rankings in 2026 – Report
South Africa, Egypt and Morocco have been ranked among the world’s leading hubs for ultra-high-net-worth individuals in Knight Frank’s The Wealth Report…
Marriott ends 34-year Pepsi ties, signs global Coca-Cola deal
Marriott International, the world’s largest hotel company, has ended its 34-year beverage partnership with PepsiCo and entered into a global agreement with…
MPC member urged CBN to lower lending rates for businesses
The Central Bank of Nigeria has been urged to introduce additional measures to lower lending rates for households and businesses. The call…
Business confidence steady at 104.6 points in June — NESG
Nigeria’s business environment remained in expansion in June 2026, though growth slowed from a year earlier as high operating costs, limited credit…
NNPC begins assessment of Chinese partnership for P’Harcourt, Warri refineries
The Nigerian National Petroleum Company Limited has said the Memorandum of Understanding recently signed with Chinese firms for the rehabilitation and operation…
BOI signs $170m deal with Kuramo Capital
The Bank of Industry has signed a $170.06 million Fund of Funds management contract with Kuramo Capital Management under the Federal Government’s…