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Qatar loads first LNG cargo after force majeure

  • 6th March 2026

Ex-AGF seeks FG’s apology after OPL 245 resolution

  • 6th March 2026

Sanwo-Olu hails Lagos as Africa’s leading urban powerhouse

  • 6th March 2026

FG introduces system to track visa overstayers

  • 6th March 2026

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Qatar loads first LNG cargo after force majeure declaration

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JUST IN: Dangote Refinery raises petrol gantry price to

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Pension assets hit ₦28.04trn in January 2026

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Transcorp Power emerges top NGX weekly gainer

NGX ETFs suffer heavy losses in February despite index

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Tag: Economy

Pension funds climb by 22% to N18tn - NAICOM
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Pension funds climb by 22% to N18tn – NAICOM

The total assets under the Contributory Pension Scheme hit N18.36 trillion by the end of 2023, according to National Pension Commission data. The PUNCH reported that PenCom’s unaudited report on pension funds sector portfolio for the period ended December 2023; Approved Existing Schemes, Closed Pension Fund Administrators and RSA funds (including unremitted contributions @CBN & […]

OPay launches security features to secure clients' funds
Business

OPay launches security features to secure clients’ funds

Nigerian financial technology company, OPay, has introduced a number of security measures to combat financial fraud. The PUNCH reported that according to the corporation, the program aimed to improve platform security and protect clients from fraudulent actions. OPay stated that it was recently recognized by the World Economic Forum and given the customer choice award by […]

Business

Amazon pulls out of iRobot acquisition

Alex Omenye Amazon’s attempt to acquire iRobot, the renowned robotic vacuum manufacturer, has come to an end due to challenges faced with European regulators. Both companies have decided to mutually terminate the previously-announced acquisition agreement, where Amazon intended to buy iRobot for approximately $1.7 billion in cash, or a slightly lower amount. The companies issued […]

Linktree adds new features for users
Business

Linktree adds new features for users

Alex Omenye Linktree, the link-in-bio platform, on Monday, unveiled new features, including link scheduling, archiving, and automated retrieval of the latest videos from YouTube and TikTok. Users can now schedule links to go live at specified dates and times, aligning with different time zones for targeted releases. The Australia-based startup also introduced an archiving feature, […]

CBN stops foreign oil corporations from sending all fx proceeds abroad
Banking featured

CBN releases additional $500m to clear FX backlog

The Central Bank of Nigeria has granted an additional $500 million to get rid of the verified FX backlog. According to The Times, the Acting Director of the apex bank’s Corporate Communications Department, Mrs Hakama Sidi Ali, verified this on Monday in Abuja. The central bank’s new release of $500 million comes just a few days after […]

Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Business

Okomu Oil Palm reports N32.9bn pre-tax profit in 2023

Nigeria’s top oil palm production firm, Okomu Oil Palm, has revealed its financial results for FY 2023, reporting a pre-tax profit of N32.9 billion, up 43.4% from N22.9 billion in Financial Year 2022. The Times reported that the corporation, situated in Edo State, reported a revenue of N75 billion in 2023, a 26.6% increase from N59.2 billion […]

DataPro gives FSDH Merchant Bank an "A" rating
Business

DataPro gives FSDH Merchant Bank an “A” rating

A credit rating agency in Nigeria, DataPro, has granted FSDH Merchant Bank Limited a long-term rating of “A” with a stable outlook for 2023/2024. The PUNCH reported that this was stated in a statement issued by the credit rating firm on Sunday and signed by Client Services Manager, Kehinde Rasheed. Before the grade was awarded, […]

Access Bank, Qatar airways partner, offer discounted flight tickets
Business

Access Holdings subsidiary purchases ARM Pensions

Access Pensions Limited, an Access Holdings affiliate, has purchased a majority share in ARM Pensions Managers Ltd. The PUNCH reported that a majority shareholder in Access Pension, Access Golf, got the National Pension Commission’s ‘no-objection’ and the Federal Competition and Consumer Protection Commission’s permission, according to a statement issued by Access Holdings. It stated that, subject […]

X blocks search for Taylor Swift over deepfake pictures
Tech

X blocks search for Taylor Swift over deepfake pictures

In response to a recent surge in the dissemination of graphic AI-generated fakes featuring the globally renowned recording artist Taylor Swift, X has implemented measures to block searches for her on their platform, formerly known as Twitter. Attempts to search for terms like “Taylor Swift” or “Taylor Swift AI” on X may result in a […]

Landwey: Couple demands N22m compensation over alleged contract breach
News

Landwey: Couple demands N22m compensation over alleged contract breach

A Nigerian couple located in the United States is seeking N22 million in compensation from Landwey Investment Limited for a contract breach that resulted in a value degradation in the money paid for two properties on Ogombo Road in Lagos State. The PUNCH reported that the couple, Olubukola Akande and Oluyomibo Olaniyan, claimed to have paid […]

Musk to resign from Trump govt amid backlash, Tesla shares crash
Tech

Elon Musk loses World’s richest man title

Luxury goods maker, Bernard Arnault has surpassed Elon Musk to claim the title of the world’s wealthiest person, Forbes reports. The founder and CEO of LVMH, a global luxury goods company encompassing brands like Louis Vuitton, saw his family’s net worth soar to $207.8 billion, marking a $23.6 billion increase on Friday. In contrast, Tesla […]

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