Category: Business

High levies threaten survival of Nigerian airlines, says CPPE

Nigeria’s aviation industry is under increasing strain as taxes, fees, and regulatory charges now account...

Lagos signs power purchase deals to boost supply by 400MW

The Lagos State Government has executed Power Purchase Agreements and concession deals with three independent...

Italy okays extradition of Chinese hacker wanted by US

Italy has approved the extradition of a Chinese national sought by United States authorities over...

Dangote Refinery expansion to create 95,000 jobs

President of the Dangote Group, Aliko Dangote, has revealed that the planned expansion of the...

Saudi envoy, Dangote explore partnerships in energy, infrastructure

Yousef bin Mohammed Al-Balawi, Saudi Arabia’s ambassador to Nigeria, has held talks with Aliko Dangote,...

CSCS assures higher returns as ₦8.9bn dividend gets approval

Nigeria’s Central Securities Clearing System Plc has assured its shareholders of higher returns, following the...

Transcorp announces Q1 profit of ₦50.7bn despite revenue dip

Africa’s leading listed conglomerate, Transnational Corporation Plc, has announced its unaudited Q1 2026 financial results,...

ADVAN recognised for advancing marketing practice, societal impact

The Advertisers Association of Nigeria has been honoured with the ‘President’s Award’ by the World...

International Breweries posts ₦40.31bn pre-tax profit in Q1

International Breweries Plc reported a pre-tax profit of N40.31 billion in its Q1 2026 results,...

EFCC arrests ex-Skye Bank CEO Tunde Ayeni over fraud

The Economic and Financial Crimes Commission has arrested businessman and former chairman of the now-defunct...

Oil prices hit $105 as US-Iran ceasefire talks collapse

Oil prices climbed from about $100 per barrel on Wednesday to above $105 on Thursday,...

NUPRC heads to appeal court over Dawes Island marginal field ruling

The Nigerian Upstream Petroleum Regulatory Commission has approached the Court of Appeal to challenge a...