Category: Business

NNPC posts weaker May earnings as revenue falls to N4.335tn

The Nigerian National Petroleum Company Limited posted weaker financial results in May 2026, with revenue...

Lamborghini unveils Urus performance hybrid SUV after EV strategy shift

Lamborghini on Wednesday unveiled the Urus SE Performante, a new hybrid version of its high-performance...

FG clears $2.76bn financing package for transport, agriculture, MSMEs

The Federal Executive Council has approved financing packages totalling approximately $2.76 billion, €200 million and...

Nigeria emerges Africa’s best performer on IMD economic performance index

Nigeria ranked as the strongest-performing African economy in the economic performance category of the 2026...

Nigeria seeks compensation for citizens with abandoned businesses in S’Africa

The Nigerian government plans to engage the South African government to seek compensation for Nigerians...

BAT to cut 9,000 jobs globally in cost-saving drive

British American Tobacco is cutting approximately 9,000 jobs, which is about one-fifth of its global...

‘I’m not a billionaire’, Nigerian investor reveals in viral interview

The founder of Aruwa Capital Management, Adesuwa Okunbo Rhodes, has dismissed the notion that she...

Nigeria’s pension assets hit record N31.32tn in May

Nigeria’s pension fund assets climbed to a record N31.32 trillion in May 2026, underscoring the...

Lokpobiri orders fuel marketers to cut petrol prices amid global oil decline

The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has directed petroleum marketers to...

Marketers demand timely NNPCL deal to revive refineries, boost competition

Oil marketers under the Independent Petroleum Marketers Association of Nigeria have called on the Nigerian...

Nigeria earned ₦20.22tn from crude exports in five months

Nigeria exported an estimated 148.9 million barrels of crude oil valued at about N20.22tn in...

NDPHC deploys AI to boost power plant efficiency

The Niger Delta Power Holding Company has deployed artificial intelligence and machine learning technologies to...