BUSINESS
Cash Hoarding Hits N5.19 Trillion Despite Nigeria’s Cashless Policy Push
Nigeria’s push toward a cashless economy is facing a significant challenge as cash held outside the banking system climbed to N5.19 trillion in May...
Alex Otti Unveils United Nigeria Airlines’ New Boeing Aircraft Named After...
Abia State Governor, Alex Otti, on Thursday unveiled two newly acquired Boeing 737-800NG aircraft belonging to United Nigeria Airlines, named in honour of renowned...
Community Vigilance Foils Power Infrastructure Vandalism Attempt in Obohia Ndoki
APL Electric Company Limited (Aba Power) has commended residents of Obohia Ndoki and the Abia State Community Police, Ukwa East Command, for their swift...
China Harbour Begins Feasibility Survey for Proposed Obeaku Seaport in Abia
Plans for the proposed Obeaku Seaport in Abia State have gained momentum as a technical team from China Harbour Engineering Company Limited (CHEC) commenced...
SpaceX Announces $7.5 Billion IPO at $135 Per Share
SpaceX has announced plans to raise approximately $7.5 billion through an initial public offering (IPO), pricing its shares at $135 each in what is...
NNPCL Records N481 Billion Profit in April as Revenue Surges
The Nigerian National Petroleum Company Limited (NNPCL) recorded a Profit After Tax (PAT) of N481 billion in April 2026, reflecting a significant increase in...
FG Cancels $717.7m World Bank Power Intervention Loan
The Federal Government has cancelled the remaining $717.7 million in undisbursed funding under a World Bank-backed power sector intervention programme, ending a major financing...
FG Approves Five New Deep Seaports to Reclaim Cargo Lost to...
The Federal Government has approved the certification and compliance processes for five proposed deep seaport projects spread across Nigeria's coastal states, in a major...
Naira Depreciates To N1,387 Per Dollar In Parallel Market
The Nigerian naira depreciated to N1,387 per dollar in the parallel market on Thursday, reflecting continued pressure on the country’s foreign exchange market.
According to...
Standard Chartered to sack over 7,000 employees amid AI adoption
Banking giant Standard Chartered has announced plans to cut more than 7,000 jobs globally as part of a major restructuring strategy centered on artificial...
Bart Nnaji Foundation Launches N10m Innovation Challenge To Redesign Palm Wine...
The Prof. Bart Nnaji Foundation has launched the Bart Nnaji Innovation Challenge, offering a grand prize of N10 million to individuals or teams who...
Naira Gains Ground in Parallel Market, Trades at N1,382 to Dollar
The Nigerian naira recorded a modest gain in the parallel market, exchanging at N1,382 to the dollar — an improvement from the N1,391 rate...
Customs Intercepts 473 Smuggling Attempts, Seizes N5.5bn Contraband
The Nigeria Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, has intercepted 473 smuggling attempts and seized contraband with a Duty Paid Value...
Tinubu Meets Global Investors in Paris, Pledges Fiscal Discipline and Reforms
President Bola Ahmed Tinubu has met with global investors in Paris, France, where he reaffirmed his administration’s commitment to fiscal discipline, transparency, and sustained...
NNPC Signs Deal with Chinese Firms to Operate Warri, Port Harcourt...
The Nigerian National Petroleum Company Limited has signed a Memorandum of Understanding (MoU) with two Chinese firms to facilitate the restart, operation, and expansion...
Tinubu Sacks NMDPRA CEO, Nominates Rabiu Umar as Replacement
President Bola Ahmed Tinubu has approved the removal of the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Saidu Mohammed,...
UAE Withdraws from OPEC Amid Strategic Energy Shift
The United Arab Emirates has announced that it will officially withdraw from the Organization of the Petroleum Exporting Countries (OPEC), marking a major shift...
Obasanjo says NNPC refineries may never work again
Former President Olusegun Obasanjo has declared that Nigeria’s state-owned refineries under the Nigerian National Petroleum Company Limited may never become fully functional again, blaming...
Air Peace chairman warns more airlines may shut down despite Tinubu’s...
Chairman of Air Peace, Allen Onyema, has warned that more Nigerian airlines may shut down within days despite recent intervention measures approved by President...
Tinubu Approves Relief Measures for Airlines Amid Soaring Jet Fuel Prices
President Bola Ahmed Tinubu has approved a series of relief measures for domestic airlines in response to the persistent rise in the cost of...
Police Detain Abuja Shop Owner Over Viral Bread Review Controversy
The Nigerian police have detained an Abuja-based shop owner, Love Dooshima, following a viral social media video in which she questioned the safety of...


































