FG pays N100bn gas debts to boost electricity supply
The Federal Government has settled more than N100bn in outstanding gas debts since January 2026 as part of efforts to strengthen Nigeria’s…
Business
Dangote acquires 25% stake in Kenya’s petroleum pipeline network
The President of Dangote Industries Limited, Aliko Dangote, has disclosed that the Group has acquired a 25 per cent stake in a…
Oil prices rise amid fears of Middle East conflict escalation
Oil prices rose on Thursday amid concerns that the Middle East conflict could escalate, following reports that the United States is preparing…
NCC plans wider phone verification to protect consumers
The Nigerian Communications Commission plans to expand phone number verification across more sectors of the economy to curb fraud associated with recycled…
JPMorgan closer to Nigerian banking licence with N50bn deposit
JPMorgan Chase & Co., the largest bank in the United States by assets, has deposited N50bn ($38m) with the Central Bank of…
Trump’s 50% tariffs on Canadian goods face legal challenge
A new lawsuit filed on Tuesday has challenged US President Donald Trump’s use of a decades-old law to impose 50 per cent…
Google Cloud outage hits London, Revolut reports disruption
Multiple Google Cloud services experienced disruptions in the company’s London region on Tuesday, while British digital bank Revolut also reported a service…
FG savings bond allotment drops to N6.12b
The Federal Government of Nigeria Savings Bond allotment fell by 8.5 per cent to N6.12bn in October 2026 from N6.69bn in September,…
Tinubu extends tenures of correctional, immigration service chiefs
President Bola Ahmed Tinubu has approved an 18-month extension of the tenures of the heads of the Nigerian Correctional Service and the…
Nigeria slips to 181st in global passport ranking
Nigeria’s passport ranking has fallen from 90th position in July 2026 to 181st out of 196 countries in the latest IziVisa Passport…
Blackouts as power generation crashes from 3,840MW to 476MW
Nigeria’s electricity generation plunged from about 3,840 megawatts to 476.70MW on Monday afternoon, triggering power outages in parts of the country. Data…
Manufacturing activity slumps 10% as cement subsector contracts
Nigeria’s manufacturing sector lost roughly 10 per cent of its business activity in September 2026, according to the Nigerian Economic Summit Group.…