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Elon Musk becomes first trillionaire after SpaceX IPO
Elon Musk has become the first trillionaire in history after SpaceX's record-breaking IPO pushed its valuation above $2 trillion, lifting his net worth to about $1.1 trillion.
Category : Business
Metering Gap Threatens Nigeria’s Prosumer Electricity Drive
Emmanuel Effiong warns Nigeria's metering deficit could hinder the new Prosumer Electricity Regulations, despite their potential to transform the power sector.
Access Holdings Targets Standard Bank After 20 Deals
Access Holdings chairman says the group has completed its acquisition phase and now aims to compete with Africa's largest bank, Standard Bank, focusing on investor returns.
Access Holdings Reaffirms Long-Term Value Strategy at AGM
Access Holdings Plc held its 4th AGM, reaffirming a strategic focus on long-term value creation, balance sheet resilience, and disciplined growth amid a dynamic operating environment.
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Purelife Health, Wecyclers, LAWMA Launch Recycling Collector in Lekki
Purelife Health partners with Wecyclers and LAWMA to launch a recycling collector in Lekki, Lagos, promoting responsible waste disposal and recycling for a cleaner environment.
Stephanie Oforka: From Beauty Queen to Business Powerhouse
Former Miss Universe Nigeria Stephanie Oforka now leads commerce, wellness, and spiritual initiatives, empowering women and driving economic growth through the Loveworld Trade and Investment Forum.
Wema Bank Rewards 273 Customers with ₦17.96m in First Month
Wema Bank disbursed ₦17.96 million to 273 customers in the first month of its '5 for 5 Rewards' campaign, promoting financial inclusion and loyalty across youth, women, and mass market segments.
WACHEF, ActionAid Boost Education, Water Access in Taraba
WACHEF and ActionAid Nigeria commissioned a renovated classroom block, borehole, and desks in Nyaja Davon, Taraba, improving education and water access for rural residents.
FG Plans Renewed Hope Cities to Bridge Housing Deficit
The Federal Government plans to construct Renewed Hope Cities in all six geo-political zones to reduce Nigeria's housing deficit, with ongoing projects in 12 locations.
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Aso Rock to quit national grid after N47bn power bill
Aso Villa plans to disconnect from the national grid and operate on solar power after an annual electricity bill of about N47 billion, officials have said.
FG to create more jobs with 10,000 tractors – Tinubu
President Tinubu assures that deploying 10,000 tractors via NADF will boost job creation and food production. The $70m first phase includes 2,000 John Deere tractors.
Petrol Prices May Fall in Nigeria as Crude Oil Drops to 3-Month Low
Brent crude falls to $85 per barrel, raising expectations of lower petrol prices in Nigeria. Increased supply and easing US-Iran tensions drive decline.
Ganvié Floating Market: Benin's Water City Near Nigeria
Discover Ganvié, the floating village on Lake Nokoue in Benin, where a vibrant market thrives on water. A unique cultural experience just a short distance from Nigeria.
FCCPC, NTDA Partner for Consumer Protection, Tourism Boost
The FCCPC and NTDA have signed an agreement to enhance consumer protection, raise service standards, and strengthen Nigeria's tourism sector through collaboration and reforms.
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Kano Regazettes 371 Grazing Reserves Encroached by Farmers
Kano State regazettes 371 grazing reserves encroached by farmers after Governor Yusuf's executive order banning allocation. Fulani leaders commend the move to reduce herder-farmer clashes.
Stanbic IBTC Disclaims WhatsApp Investment Scheme
Stanbic IBTC Holdings warns public against a fraudulent WhatsApp scheme promising investment returns, says it is not affiliated.
Nigeria to Award Mining Grants for Research, Exploration
Nigeria announces mining grants to boost research and exploration, aiming to diversify the economy and attract investment in the solid minerals sector.
Nigeria Targets 2.5mbpd Oil Production: Minister
Nigeria's oil minister Heineken Lokpobiri reaffirms the 2.5 million barrels per day crude production target, citing sustained investment and exploration as key.
IMF, World Bank Wrong on Nigeria Poverty Data: Expert
Tope Fasua argues that IMF and World Bank poverty data for Nigeria is flawed, citing outdated statistics and ignoring local realities.
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IMF Flags Risks in Nigeria's $5 Billion Derivative Deal
The IMF has raised concerns over Nigeria's planned $5 billion derivative transaction with First Abu Dhabi Bank, citing potential fiscal and financial stability risks.
NRS Launches REV360 for Easier Tax Compliance
The Nigerian Revenue Service introduces REV360, a digital platform designed to streamline tax filing, reduce bureaucracy, and enhance revenue collection across the country.
Premium Times Editor Selected for IAEA Programme
Oladeinde Olawoyin, business editor of Premium Times, has been selected for the IAEA programme in Vienna, joining global energy journalists.
NCAA Grounds Aircraft After Unauthorized Road Landing Near Asaba
The NCAA has grounded a private aircraft and suspended its permit after it landed on a roadway near Asaba and departed without clearance. All four crew members are safe, but regulatory violations are under investigation.
Keyamo condemns private aircraft's roadway landing in Delta
Aviation Minister Festus Keyamo describes the unauthorised landing and departure of a private aircraft on a road in Delta State as a serious breach of regulations and a national security concern.
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Access Holdings Appoints New CEOs for Pension and Lending Units
Access Holdings Plc appoints Sa’adu Jijji as CEO of Access ARM Pensions and Abiodun Adigun as MD of Oxygen X Finance, with regulatory approvals secured.
S&P Flags Food Prices as Key Inflation Driver in Emerging Markets
S&P Global warns that rising food prices could fuel inflation across emerging markets, impacting economic stability and prompting policy responses.
Nigeria's Oil Output Exceeds OPEC Quota in May, Hits 15-Month High
Nigeria produced 1.53 million bpd of crude oil in May, surpassing its OPEC quota of 1.5 million bpd, marking the highest output in 15 months and reaffirming its top producer status in Africa.
Nigeria's Energy Transition: From Oil to Renewables
Nigeria must diversify from oil, leveraging renewables for job creation and economic sustainability, as the global energy transition offers a strategic opportunity for growth.
CBN Governor Cardoso Wins 2026 Central Bank of Year Award
Central Bank of Nigeria Governor Olayemi Cardoso received the 2026 Central Banking Central Bank of the Year Award in London, dedicating it to CBN staff and highlighting reforms.
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CBN Revises Financial Holding Companies Guidelines
The Central Bank of Nigeria proposes revising financial holding company regulations to strengthen financial system resilience, with stakeholder input due by July 9.
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