UK Court Acquits Ex-Minister Diezani of Bribery Charges
A UK court has acquitted Nigeria's former petroleum minister, Diezani Alison-Madueke, of bribery charges, ending a long-running legal battle.
Category : Business
Xenergi Launches Tender Offer for Premier Paints Shares
Xenergi, the new core investor in Premier Paints, has initiated a tender offer to acquire minority shares, aiming to consolidate ownership and drive growth.
Ebonyi charcoal dealers boom as gas prices soar
Charcoal dealers in Ebonyi State report a significant sales increase as rising cooking gas prices push households to cheaper alternatives like charcoal and firewood.
Air Peace Plane Grounded After Bird Strike in Kano
An Air Peace aircraft was grounded after a bird strike upon landing in Kano. The airline deployed an alternative plane to minimize disruption, emphasizing safety.
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FirstHoldCo Completes N45 Billion Private Placement Tranche
FirstHoldCo Plc has completed the N45 billion second tranche of its N350 billion Private Placement, with proceeds to be injected into FirstBank to strengthen its capital base ahead of the 2026 deadline.
Enugu gas sellers lament low patronage amid price hike
Cooking gas sellers in Enugu State report low patronage due to high LPG prices, forcing residents to switch to charcoal. Retailers appeal to the government for intervention.
Ethereum Casino Payments: Risk Control for Canadians
Ethereum casino payments add technical complexity. Canadian players must prioritize jurisdictional rules, identity checks, and responsible gambling over speed or convenience.
Smarter Investing in Volatile Nigerian Market for Wealth
Learn how Nigerian investors can build wealth despite inflation, currency fluctuations, and market volatility through diversification, fixed income, equities, and disciplined strategies.
ETK Launches Momentum Platform in Lagos for Business Capacity
ETK has launched Momentum, a technology-enabled platform to strengthen organisational capacity, climate risk management, and access to finance, starting in Lagos with UK FCDO and ANDE support.
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Standard Bank Plans $15.4 Billion Investment in African Firms
Standard Bank Group plans to increase investments in mid-sized African companies, targeting $15.4 billion in revenue from Nigeria, Ghana, Kenya, Uganda, and Tanzania.
Bayelsa yet to decide tariff for 60MW power plant
Bayelsa State Government has not yet decided on tariffs for its new 60MW gas-fired power plant. Residents raise concerns over PHEDC's revenue drive and lack of metering.
81% of Nigerian SMEs Confident, Embrace Digital Payments
A Mastercard study reveals 81% of Nigerian SMEs are confident about the next 12 months, with 68% expecting revenue growth. Digital payments are seen as vital for expansion.
African Banks Must Unify Customer Data to Unlock Its True Value
African banks have won the race for customers but now face the challenge of truly understanding them. They must unify scattered data into a single, actionable profile to boost engagement and cut churn.
Customs, BAT Sign Pact to Tackle Illicit Tobacco Trade
Nigeria Customs Service and British American Tobacco Nigeria sign MoU to combat illicit tobacco trade through intelligence sharing, capacity building, and coordinated enforcement.
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NAICOM Exits African Alliance After 18-Month Intervention
NAICOM has handed over African Alliance Insurance to a new board, ending an 18-month regulatory intervention that rescued the insurer from collapse and restored stability.
Ndume Proposes 5% Budget for Rural Renewable Energy
Senator Ali Ndume calls on West African governments to allocate 5% of annual budgets for rural renewable energy, citing less than $1 million can transform a community.
FG secures $380m in strategic financing under industrial policy
The Ministry of Industry, Trade and Investment reports $380 million secured and 620 youths trained in the first 90 days of Nigeria's Industrial Policy 2025 implementation.
Century After Inception, NRC Still Operates at a Loss
Despite billions in government funding, the Nigerian Railway Corporation (NRC) continues to run at a loss, relying on loans to sustain operations. Experts call for a shift to freight-focused reforms.
FG Urged to Fix Ports, Trade Bottlenecks for AfCFTA
APFFLON urges Nigeria to resolve port inefficiencies, high costs, and regulatory hurdles before committing $1 billion to AfCFTA credit facility.
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10,000 Food Packs for Refugees by AREF
The African Refugees Foundation will distribute 10,000 food packs to refugees and IDPs across Lagos and selected states for World Refugee Day 2026.
Lagos Paid Parking: Challenges and Benefits of New Policy
Lagos plans paid on-street parking by end of 2026 to ease traffic. Concerns include corruption, infrastructure gaps, and need for transparency and digital enforcement.
Standard Bank Targets Nigeria in $15.4B SME Expansion
Standard Bank Group targets Nigeria and four other African markets as growth hubs, aiming to tap a $15.4 billion revenue opportunity from SMEs and intra-African trade.
Policymakers Back Youths in Monetising Plastic Waste
Policymakers support youth-led innovations to monetise plastic waste in Nigeria, with calls for a national recycling policy and awards of N500,000 each to recyclers.
Nigeria Borrows for Survival, America Borrows for Power: Expert
Analysis compares US and Nigeria's debt profiles, warning Nigeria's borrowing risks a debt trap as loans fail to yield visible development, with debt servicing consuming revenue.
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Asaba emergency landing: Overhaul aircraft surveillance
Experts urge Nigeria to overhaul aviation surveillance after a business jet landed on a highway in Delta State and departed without clearance, raising security concerns.
TVS Expands Nigeria Operations via New Distribution Deal
TVS Motor Company partners with Enviable Tricycle to expand distribution in Nigeria, increasing outlets from 17 to 47 and introducing new models to meet rising demand for affordable transport.
Boeing Training Program Boosts Nigeria Aviation Growth
ValueJet MD Omololu Majekodunmi says Boeing's Advanced Technical Training for Nigerian engineers is a key investment in aviation safety and industry growth.
Nigeria Spent N1.9tn on Petrol Imports in May 2026
Nigeria's petrol import bill surged to N1.9 trillion in May 2026, despite falling oil prices, as filling stations maintained high pump prices.
Keyamo Defends Govt as Okonkwo Calls for Aviation Reforms
Minister Keyamo defends government policies as UNA Chairman Okonkwo urges reforms to address rising costs, funding issues, and aircraft shortages in Nigeria's aviation sector.
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MTN CEO Backs Youth Empowerment Against Afrophobia
MTN Group CEO Ralph Mupita calls for youth empowerment to combat Afrophobia, emphasizing digital economy benefits and warning against boycotts that harm pan-African businesses.
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