Africa’s central bank reserves rise to $530bn
Africa’s central bank reserves climbed to $530 billion in 2025, largely supported by higher gold prices and increased accumulation of the precious…
Business
Pi-CNG secures credit guarantee backing for auto conversion drive
The Presidential Initiative on Compressed Natural Gas and Electric Vehicles has entered into a memorandum of understanding with the Nigerian Consumer Credit…
Unilever Nigeria Q1 revenue rises 26% to ₦59.2bn
Unilever Nigeria Plc has announced its unaudited financial results for the first quarter ended 31 March 2026, delivering a 26 per cent…
Nigeria loses ₦428bn annually to illicit spirits, wines trade — SWAN
Nigeria is losing an estimated ₦428 billion annually to illicit trade in spirits and wines, according to the Director-General of the Spirits…
IEA slashes oil demand forecast, cites Iran war-driven energy crisis
The International Energy Agency has cautioned that the Iran war has unsettled global oil markets, slashing demand forecasts and unleashing what it…
Sanwo-Olu hails LIRS as key driver of Lagos economic growth
Lagos State Governor, Babajide Sanwo-Olu, on Wednesday praised the Lagos State Internal Revenue Service for its strong performance, describing it as a…
Adelabu urges creation of coordinating energy minister as he resigns
The outgoing Minister of Power, Mr. Adebayo Adelabu, has proposed the establishment of a Coordinating Minister for Energy to oversee and harmonise…
Condom prices may rise amid Iran supply disruptions — Karex
The chief executive of Karex, the world’s largest condom manufacturer, has warned that prices could increase by as much as 30 per…
Flutterwave denies reports of $75m FG investment
Flutterwave has clarified reports claiming that the Federal Government of Nigeria invested $75 million in the fintech company. The company said no…
Tinubu sacks finance, housing ministers in FEC reshuffle
President Bola Tinubu has approved a minor reshuffle of the Federal Executive Council, relieving the Minister of Finance and Coordinating Minister of…
W’Africa’s $150bn digital economy threatened by cable disruptions – WATRA
The West African Telecommunications Regulators Assembly has raised concerns that recurring submarine cable disruptions are exposing significant vulnerabilities in a regional digital…
Fraudsters demand crypto for safe passage through Strait of Hormuz – Report
Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to several shipping firms, according…