Petrol Use Slumps 28% Nationwide; Many Pump Attendants Now Idle
Over the past two years, Nigeria has witnessed a significant drop in petrol usage. Daily consumption has plunged by 28%—from…
Nigeria First’ Policy Poised to Generate N3 Trillion Boost for Economy, Says Minister
The Federal Government’s new “Nigeria First” procurement policy is projected to inject approximately N3 trillion into the national economy in…
Musk’s xAI Files Antitrust Lawsuit Against Apple, OpenAI
Elon Musk’s artificial intelligence company, xAI, has filed a lawsuit against Apple Inc. and OpenAI, accusing the two tech giants…
Experts Call for Transparency as FAAC Disbursements Reach N2 Trillion in July
The Federation Account Allocation Committee (FAAC) has announced that revenue shared among the federal, state, and local governments for July…
Yuletide Travel: Airfare Hike of 131% to South-East, South-South Triggers Public Outcry
As the Christmas and New Year festive season draws closer, passengers traveling to the South-East and South-South regions of Nigeria…
UBA Unveils Super Savers’ Promo, Customers to Share N150m in Cash Prizes
The United Bank for Africa (UBA) has launched its Super Savers’ Promo, a new reward scheme designed to encourage savings…
MTN Reconnects Kano, Adamawa, Borno After Network Maintenance
Telecommunications giant MTN Nigeria has restored services in Kano, Adamawa, and Borno States following hours of disruption caused by scheduled…
Air Peace Expands Fleet with Fourth Boeing 777, Eyes Cheaper Long-Haul Travel
Nigeria’s leading carrier, Air Peace, has strengthened its international operations with the addition of a fourth Boeing 777 aircraft to…
FAAN, Customs Unite to Tackle Revenue Leakages at Lagos Cargo Terminals
The Federal Airports Authority of Nigeria (FAAN) has partnered with the Nigeria Customs Service (NCS) to address revenue leakages at…
IPMAN Moves to Enforce Fuel Pump Accuracy at Filling Stations Nationwide
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced plans to intensify enforcement of fuel pump integrity across filling…
Nigerian Billionaires Secure Spots on Global Rich List
Nigeria’s business landscape continues to make waves internationally as four of its leading industrialists – Aliko Dangote, Femi Otedola, Mike…
Insurance Stocks Lead NGX Weekly Rally with N6.2bn Trade Value
Insurance equities took the spotlight on the Nigerian Exchange (NGX) last week, driving market activity with trades valued at N6.2…
Stanbic IBTC Insurance Urges Retirees to Embrace Fulfilment in Retirement
Stanbic IBTC Insurance has encouraged retirees across Nigeria to view retirement as a season of fulfilment and new opportunities rather…
Two Young Entrepreneurs Win N500,000 Grant at TPP Africa’s EMERGE 2025 Program
Two innovative entrepreneurs have emerged winners of a N500,000 grant at the recently concluded EMERGE 2025 program, organized by TPP…
FAAN Resumes Cargo Revenue Collection at Lagos Airport After 15 Years
The Federal Airports Authority of Nigeria (FAAN) has announced the resumption of cargo revenue collection at the Murtala Muhammed International…
Tinubu Outlines $1 Billion Trade and Investment Goal at TICAD9 Summit
President Bola Ahmed Tinubu has emphasized Nigeria’s ambitious mission at the ninth Tokyo International Conference on African Development (TICAD9) to…
Google, Microsoft, and TikTok Deactivate 13.5 Million Accounts in Nigeria Over Policy Violations
In a sweeping move to enhance online safety and curb harmful content, tech giants Google, Microsoft, and TikTok have collectively…
Nigerian Banks to Attract an Additional N900 Billion in Capital in 2025 Amid Recapitalisation Drive
The Nigerian banking sector is gearing up for a transformative year in 2025, with banks expected to attract an additional…
Databricks Surpasses $100 Billion Valuation Following Major Funding Round, Highlighting Investor Enthusiasm for AI Startups”
Databricks, a leading artificial intelligence and data analytics company, has achieved a valuation exceeding $100 billion after closing a significant…
Intel’s Stock Surges Following $2 Billion Investment Deal with SoftBank Amid U.S. Government Stake Talks
Shares of Intel Corporation experienced a significant uptick following the announcement of a $2 billion investment deal with SoftBank Group.…
Home Depot Reports Slower Quarterly Growth Amid Cautious Consumer Spending, Maintains Annual Outlook”
Home Depot, one of the leading home improvement retailers, reported weaker-than-anticipated quarterly revenue and earnings, signaling a cautious consumer environment…
Finance Industry Advocates for Eased Crypto Regulations to Boost Bank Participation”
Leading finance industry bodies are urging regulators to relax stringent regulatory standards on cryptocurrency markets to facilitate greater participation by…
U.S. Federal Reserve Official Proposes Central Bank Employees Hold Cryptocurrency to Enhance Market Oversight”
A senior official of the U.S. Federal Reserve has proposed that central bank employees be permitted to hold small amounts…
Ellah Lakes Plc Announces Strategic Expansion into Livestock Farming and Oil Palm Plantations”
Ellah Lakes Plc has unveiled ambitious plans to broaden its business operations by diversifying into livestock farming and oil palm…
President Tinubu Champions Clean and Sustainable Energy for Nigeria and Africa, Opening Doors for Renewable Investments”
President Bola Tinubu has reaffirmed Nigeria’s commitment to advancing clean and sustainable energy solutions both within the country and across…
NEPZA and NDLEA Strengthen Collaboration to Enhance Business and Drug Enforcement in Export Processing Zones”
The Nigeria Export Processing Zones Authority (NEPZA) has joined forces with the Nigeria Drug Law Enforcement Agency (NDLEA) in a…
“UBA Secures ₦5 Billion Loan from BOI to Boost Key Sectors of Nigerian Economy”
United Bank for Africa (UBA) has successfully secured a ₦5 billion loan facility from the Bank of Industry (BOI), aimed…
“Jaiz Bank Sets Ambitious Target to Raise Capital Base to N100 Billion Within a Year”
Jaiz Bank Plc has announced strategic plans to significantly increase its capital base to a minimum of N100 billion within…