NCC, CAC Mandate Approval for Telecom Share Transfers Over 10%
NCC and CAC now require telecoms to obtain a Letter of No Objection before transferring 10% or more shares, aiming to ensure fair competition and regulatory oversight.
Category : Business
Nigerian Stock Market Picks: 5 Undervalued Stocks for Q2
Nigerian stock market fell 3.6% last week. Analysts recommend buying on correction. Top picks: Fidson, Africa Prudential, Access Holdings, UBA, AIICO.
Nigeria's Economic and Political Crisis Amid Global Turmoil
Nigeria faces rising poverty, insecurity, and political decay while global issues like war, AI revolution, and population decline reshape the world economy.
Focus on Productive Value of Naira, Expert Advises
Tope Fasua urges Nigerians to focus on the naira's productive value rather than its exchange rate, highlighting export growth and industrial benefits under current reforms.
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Dangote: Personal wealth no longer drives me, I focus on legacy
Aliko Dangote says he has moved beyond pursuing personal wealth, now focusing on industrialising Africa and leaving a lasting legacy on the continent.
Aradel Holdings net profit surges 192% in 2025
Aradel Holdings' net profit rose 192.3% year-on-year to ₦757.3 billion in 2025, driven by a ₦393.2 billion translation gain from acquiring a majority stake in ND Western.
Floods, windstorm destroy farms, shops in Ebonyi
Torrential rain and windstorm destroyed farmlands and shops in Abakaliki and Akpoha, Ebonyi State, causing millions in losses and threatening food security.
Charterhouse Lagos Student Video Sparks Education Debate
A boarding student at Charterhouse Lagos, Nigeria's costliest school with fees up to ₦46 million, shared a day-in-life video, igniting online debate about educational inequality between rich and poor.
US Temporarily Eases Iran Oil Sanctions Amid Peace Talks
The US issued a 60-day license allowing Iranian oil sales as Washington and Tehran negotiate a final peace deal in Switzerland, easing decades-old sanctions.
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Nigeria's Three Tiers Share N10.45tn FAAC in Five Months
Nigeria's three tiers of government shared N10.45 trillion from FAAC between January and May 2026, reflecting a 4.32% revenue rise from N13.19 trillion in 2025.
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Lagos tasks transport unions as waste police amid crisis
Lagos has inaugurated a Special Task Force empowering NURTW and RTEAN members to enforce sanitation at bus stops and garages, despite officials criticizing unions for dirty garages.
Guinea Bans Export of Raw Gold to Boost Local Processing
Guinea has banned the export of raw gold, requiring all gold to be processed domestically to strengthen the economy and create jobs. A new refinery in Conakry is nearing completion.
FG urges cement manufacturers to reduce prices nationwide
The Federal Government has called on cement manufacturers to lower prices, citing impact on infrastructure projects and contract review demands. Minister Umahi announced a meeting on July 1, 2026.
Dangote Refinery Faces 62% Crude Oil Shortfall Amid Supply Issues
Dangote Refinery receives only 5 of 13 needed crude cargoes monthly, operating at one-third capacity. A report blames structural governance issues, not crude scarcity.
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US Unveils $750 Fast-Track Visa Interview for Nigerians
The US introduces a $750 premium visa interview service for Nigerians, securing appointments in 10 days amid 11.5-month waits and stricter immigration policies.
Nigeria petrol consumption 46.3m litres daily May 2026
Nigeria's daily petrol consumption averaged 46.3 million litres in May 2026, with domestic refineries supplying 44.7 million litres per day, according to NMDPRA.
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Travel vlogger compares rent in Lagos and Malaysia, calls Lagos expensive
Travel vlogger Adenike Daramola sparked a viral debate by comparing the exceptional value of furnished high-rise apartments in Malaysia with the skyrocketing rental costs in Lagos.
Indonesia Draft Regulation to Embed AI in Free Meals Programme
Indonesia unveils draft regulation to embed AI in its $15 billion free meals programme, aiming to boost GDP by 12% by 2030, but experts warn of infrastructure gaps.
Modular Refineries Supply 648,000 Litres Diesel Daily
Three modular refineries in Nigeria supply 648,000 litres of diesel daily, competing with Dangote Refinery. Edo Refinery leads efficiency at 91.66% capacity.
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US $750 Premium Visa Fee: Fast-Track Interviews for B1/B2
The US State Department introduces a $750 non-refundable premium fee for expedited B1/B2 visa interviews, reducing wait times to 10 days, effective July 1 to December 31, 2026.
Imported Petrol Cost Crashes Below Dangote Refinery Price
The landing cost of imported petrol in Nigeria has dropped to N1,041.52 per litre, N133.48 cheaper than Dangote Refinery's ex-gantry price, driven by falling global crude oil prices.
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US Express Visa: $750 Fast-Track Programme Launches July 1
The US will launch a $750 premium visa interview service on July 1, 2026, guaranteeing B-1/B-2 applicants appointments within 10 business days, with total cost of $935.
Nigerian Businesses Face Dual Tax Deadlines Amid New E-Invoicing Rules
Thousands of Nigerian companies race to meet overlapping CIT and e-invoicing deadlines by June 30, risking errors and penalties without early preparation.
Petrol Prices Drop in Lagos and Ogun After Dangote Refinery Cut
Petrol pump prices have dropped in Lagos and Ogun after Dangote Refinery cut its gantry price by N75 per litre. Filling stations now sell between N1,199 and N1,245 per litre, but IPMAN says old stock delays full price adjustment.
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Cross River communities of 500,000 cry out for power restoration
Over 500,000 residents of Yache communities in Cross River State appeal to the South-South Development Commission to restore electricity, citing years of infrastructure neglect.
Japan Hikes Visa Fees for Nigerians 400%: First Since 1978
Japan raises single-entry visa fees for Nigerians and other foreigners from ¥3,000 to ¥15,000, a 400% increase effective July 1, 2026, citing inflation and rising administrative costs.
Financing Gaps Threaten Africa Universal Energy Access Report
A new report warns that fragmented delivery systems and high capital costs could slow Africa's universal energy access, requiring $15 billion annually by 2035.
IMF Warns Nigeria Power Sector Subsidies Draining Economy
IMF warns Nigeria's below-cost electricity tariffs generate implicit subsidies, with sector arrears reaching 0.75% of GDP by end-2025, urging deeper reforms.
Keyamo: How Otti Convinced Tinubu on Abia Airport
Festus Keyamo reveals Alex Otti rejected a federal airstrip plan, proposed counterpart funding for a full international airport in Abia, which President Tinubu approved.
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PIND strengthens peacebuilding in Niger Delta host communities
PIND conducted capacity-building workshops for HCDT Peacebuilding Committees in Delta State, focusing on conflict management, dialogue facilitation, and resilience localization to strengthen community peace systems.
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