31 Companies Win 37 Oil Blocks in Nigeria's 2025 Licensing Round
Thirty-one companies won 37 oil and gas blocks in Nigeria's 2025 Licensing Round, with strong interest in frontier basins like Benue Trough and Chad Basin.
Category : Business
Enugu Air at 2026 Farnborough Airshow in UK
Enugu Air participates in the 2026 Farnborough International Airshow, showcasing Governor Mbah's vision to make Enugu Nigeria's premier aviation hub and exploring partnerships for the proposed Nigeria-London Gatwick route.
Exceptional Performance: The Bridge to Promotion
David's story shows how taking extra responsibility and delivering exceptional results led to his promotion as Operations Manager, proving that performance attracts opportunity.
Jollof Rice Cost Up 14.6% to N29,578 in June 2026
The national average cost of a pot of jollof rice in Nigeria rose 14.6% from N25,798 in July 2025 to N29,578 in June 2026, driven by extreme weather, logistics failures, and currency instability, according to SBM Intelligence's Jollof Index Q2 2026 report
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FG receives $500m World Bank AGROW report, moves to implement
Nigeria receives final report of $500m World Bank AGROW programme, transitioning from design to implementation to boost agriculture and food security.
Nigeria Launches C.L.I.C.K.D. Programme for Affordable Devices
CREDICORP and the Federal Ministry of Communications launch C.L.I.C.K.D., a device financing initiative providing affordable credit for laptops and digital tools to 3MTT fellows.
Aisha Achimugu cries out over EFCC persecution, seeks justice
Aisha Achimugu, a Nigerian business leader, accuses EFCC of a sustained campaign of calumny, intimidation, and asset seizure, threatening her life and investments.
Femi Otedola Buys 706M First HoldCo Shares, Nears Top
Femi Otedola acquired 706.1 million First HoldCo shares worth N77.6 billion, raising his stake to 21.95%, just 1% behind the largest shareholder RC Investment.
Reps Urge Adoption of National Drone Industrialisation Policy
The House of Representatives has urged the federal government to adopt a strategic National Drone Industrialisation Policy to boost local defence manufacturing and reduce reliance on imported UAVs.
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FAAN Unveils 2025 Bye-Laws, First Review in 21 Years
The Federal Airports Authority of Nigeria (FAAN) has launched its 2025 Bye-Laws, the first comprehensive regulatory review in 21 years, aimed at modernizing airport governance and operations.
NDIC Pays Depositors of 46 Failed Microfinance Banks
The NDIC has started paying insured deposits to customers of 46 microfinance banks whose licences were revoked by the CBN, with payments up to N2 million via BVN-linked accounts.
NDIC pays ₦2m to customers of 46 failed microfinance banks
The Nigeria Deposit Insurance Corporation has started paying insured deposits of up to N2 million to customers of 46 microfinance banks whose licences were revoked by the CBN. Here's how eligible depositors will get their money.
Ghana Holds Interest Rate at 14% on Middle East Tension
Ghana's central bank held its benchmark interest rate at 14% due to inflation concerns fueled by Middle East tensions, marking the first pause after a year of cuts.
Dangote Resumes Naira Petrol Sales at N1,215/Litre
Dangote Refinery ends dollar petrol pricing, returns to naira sales at N1,215 per litre, up 13% from previous rate, amid independent marketers' forex concerns.
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Transcorp Hotels N13.7bn PBT H1 2026
Transcorp Hotels Plc posted N13.7 billion profit before tax in H1 2026, driven by strong revenue growth and operational efficiency across its portfolio.
Man Shows ₦205.95 Credit from ₦5k FGN Bond Investment
A Nigerian man invested ₦5,000 in a Federal Government bond and received a ₦205.95 credit alert, sparking online discussions about FGN securities.
Lagos Unveils Youth Hub for Tinubu's Renewed Hope Vision
Lagos State Special Adviser on Tourism Idris Aregbe launched the Renewed Hope Creative and Innovative Hub to equip youths with digital, creative and entrepreneurial skills under Tinubu's agenda.
Canada Lists 6 Requirements for Foreign Nationals to Get Visitor Visa
Canada's immigration authorities have published six conditions foreign nationals must fulfil to qualify for a visitor visa, including health, criminal record, ties to home country, and financial capacity.
FMBN Recovers N65m Housing Project, Completes 962 Abuja Homes
The Federal Mortgage Bank of Nigeria recovered N65m from a stalled housing project and will now complete 962 homes in Abuja for civil servants.
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Unlocking Value in Nigeria's Capital Markets
Nigeria's capital markets offer significant opportunities in fixed income and equities, driven by economic reforms and investor confidence, according to analysts.
FCMB Moves to Unlock Capital for Healthcare Growth
FCMB launches a new initiative to provide capital and financing solutions for healthcare providers in Nigeria, aiming to boost the sector's growth and improve access to quality medical services.
Pakistan Asks US for $10 Billion Stabilization Facility
Pakistan has formally requested a $10 billion bilateral exchange stabilization facility from the US to shore up foreign exchange reserves, leveraging its role in brokering Iran war talks.
US and Saudi Arabia to Announce 30-Year Nuclear Deal
The Trump administration will announce a 30-year civilian nuclear agreement with Saudi Arabia, allowing US companies to operate plants and possibly including uranium enrichment rights, raising security concerns.
Nigerian Entrepreneur Adefunke Kuyoro Dies at 64
Adefunke Kuyoro, former president of APPOEMN and CEO of TWC Events Services, has died at 64. Her family confirmed her peaceful passing on June 2, 2026, in a statement released June 6.
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Nigeria bonds top issuers paid up to 20% in H1 2026
Nigeria's top bond issuers paid yields as high as 20% to raise debt in the first half of 2026, reflecting elevated borrowing costs amid tight liquidity and inflationary pressures.
Dubai Offers Residents Over AED 3,000 in Perks for Inviting Visitors
Dubai launches 'A Dubai Invite' programme giving residents benefits worth over AED 3,000 to bring friends and family, aiming to revive tourism after Iran attacks.
Uzee Usman: Funding Gap Holds Kannywood Back vs Nollywood
Nollywood actor and filmmaker Uzee Usman says inadequate funding and lack of investment from wealthy northerners and politicians is the major challenge holding Kannywood back from reaching its full potential.
UH REIT Reports N518.5 Million Profit in H1 2026
UH Real Estate Investment Trust posted N518.5 million profit in H1 2026, driven by rental income and property revaluation gains, according to its unaudited financials.
Interswitch Boosts Nigeria's Revenue Collection Systems
Interswitch, as an approved Payment Service Solution Provider on Nigeria's RevOp platform, strengthens public sector revenue collection through secure, transparent digital payments infrastructure.
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Nigeria tops Africa's most populous countries in 2026
Nigeria remains Africa's most populous country in 2026 with 242.4 million people, ahead of Ethiopia and Egypt, according to Worldometer estimates.
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