Africa's Digital Payments Hit $2 Trillion, Nigeria Leads
A new report reveals Africa processed $2 trillion via instant payments in 2024. Nigeria's NIP system is rated highly, but fraud concerns remain a key barrier to wider adoption. Learn more.
Category : Business
Mexican budget airlines Volaris and Viva agree to merge
Volaris and Viva, two leading Mexican low-cost carriers, have agreed to merge, pending 2026 regulatory approval. The deal aims to expand affordable air travel in Mexico amid industry turbulence. Read the full details.
Oracle Stock Volatility Reflects Wall Street's AI Doubts
Oracle shares, a barometer for AI market sentiment, swing wildly amid project financing concerns and a major TikTok deal. Discover the risks and rewards of the AI infrastructure boom.
Nigerians Invest in Dubai Real Estate for High Returns
Experts reveal why Dubai's property market attracts Nigerian investors with 8-9% rental yields, top security, and a tax-free environment. Discover the investment opportunities.
Anambra Communities Lament Destructive Sand Dredging
Aguleri communities in Anambra East decry sand dredgers' destructive activities near Agbanabo Ezu na Omambala riverbank, lamenting the absence of an Environmental Impact Assessment (EIA).
Japan Hikes Interest Rates to Highest Level Since 1995
The Bank of Japan has increased interest rates to a three-decade high of 0.75% to combat persistent inflation, partly driven by soaring rice prices. Get the full details on this major economic shift.
Asian Markets Rise on US Inflation Ease, BoJ in Focus
Asian markets closed higher as softer US inflation data fueled rate cut hopes. Micron's strong earnings eased tech bubble fears. The Bank of Japan's rate decision is key.
$532,828 Grant for Bayelsa Solar Minigrid Project
Shell-funded All On awards a $532,828 grant to Darway Coast Ltd to build a solar hybrid minigrid in Akeddei, Bayelsa. The project aims to connect over 1,000 customers by Q1 2026, boosting clean energy access in the Niger Delta.
Economist Calls for More Farmer Support to Lower Food Prices
Dr. Muda Yusuf urges increased support for farmers with inputs like fertiliser and irrigation to make food affordable. While inflation is easing, prices remain high.
Accion MFB Calls for Urgent Reforms to Finance MSMEs
Accion Microfinance Bank pushes for digital onboarding and value-chain financing to unlock credit for Nigeria's informal sector, crucial for 80% of jobs. Read the key reforms needed.
Nike Shares Slump After China Sales Drop 17%
Nike's quarterly profits fell 32% due to weak China sales and US tariffs. CEO promises a 'new approach' to revive the brand. Read the full analysis.
China Taxes Contraceptives as Births Plummet
China will tax condoms and contraceptive drugs from 2026 to encourage childbirth as births fall. Experts warn of risks like unplanned pregnancies. Read more on this policy shift.
Fatal Plane Crash at Statesville Airport, North Carolina
A Cessna Citation crashed while landing at Statesville Regional Airport, resulting in fatalities. FAA is investigating the incident. Get the latest details here.
Controversy Hounds Nigeria's 2026 Tax Reform Implementation
Nigeria's ambitious tax reforms set for January 2026 face fierce opposition over alleged post-passage alterations, constitutional breaches, and public mistrust. Will the promises hold?
Ondo Deep Sea Port Receives Revalidated Licence
Ondo State secures revalidated licence for its deep-sea port, a major hub set to serve Nigeria and West Africa with 18-metre depth for large vessels. Read more.
Makinde opens Omololu Olunloyo relaxation park in Ibadan
Oyo State Governor Seyi Makinde has commissioned the Omololu Olunloyo relaxation park in Ibadan. The facility aims to promote tourism and preserve cultural heritage. Read more about this new landmark.
Customer Threatens Banker Over New Tax Deductions
A Nigerian banker's screenshot of a customer's threatening message over new tax laws has gone viral, sparking reactions online. See the full story and public response.
Argentine Unions Protest Milei's Labour Law Overhaul
Thousands protest President Javier Milei's labour reforms in Argentina, which unions say erode workers' rights. The bill aims to boost formal hiring but faces fierce opposition.
SkyFots: Nigerian Startup Turns Lost Parcel into Logistics Success
Fisayo Somide turned the frustration of a lost parcel into SkyFots Global Logistics, a company achieving record turnover in 2025 by prioritizing trust and transparency in shipping for Nigerians.
Clean Energy Improves Lives of 1 Million Nigerians
A new report reveals strategic clean energy investments have powered over 230,000 Nigerian homes and businesses, improving health and economic prospects. Discover the impact.
PDP Seeks Probe of Alleged Fraudulent Tax Law Changes
The PDP calls for an urgent investigation into alleged unauthorized changes to Nigeria's Tax Act, warning it threatens legislative integrity. The party demands a 6-month delay in the law's implementation.
Senators Celebrate Exit of Petroleum Regulators, Demand Change
Senators Adams Oshiomhole and David Jimkuta hailed the removal of Farouk Ahmed and Gbenga Komolafe, criticizing policies that hurt local refining. Read their demands for the new nominees.
Nigeria Bans Wood Export to Curb Deforestation
The Federal Government has imposed an immediate ban on wood and charcoal exports, revoking all licenses to protect Nigeria's forests. Learn the details and legal backing of this decisive environmental move.
Nigeria Re-elected to ICAO PKD Board for Sixth Term
Nigeria has been re-elected to the ICAO Public Key Directory Board for a sixth consecutive term, a testament to its technical expertise and commitment to global aviation security standards. Read more about this diplomatic achievement.
Northern Elders Back FIRS, Tinubu Reforms, Reject NEF
A new Northern elders' group rejects NEF's criticism of FIRS and Tinubu's economic reforms, praising revenue gains and transparency. Read their full statement.
New Platform Aims to Structure Nigeria's Informal Beauty Sector
Tech entrepreneur Bibi Olunuga unveils Bewdy, a digital platform designed to bring structure and scalability to Nigeria's vast informal beauty services industry. Discover how it empowers professionals.
Fuel Prices Drop: NNPC, MRS, Others Announce New Rates
NNPC, MRS, and Ardova have reduced petrol pump prices across Nigeria, with cuts up to N80 per litre, following Dangote Refinery's major price review. Discover the latest rates in Lagos and Abuja.
SMEDAN Seeks CBN License for New Microfinance Bank
SMEDAN applies to CBN to launch a microfinance bank for direct SME funding. Agency also targets formalising one million businesses and unveiling a new MSME policy in 2026.
Russian court fines Austrian bank Raiffeisen $400m
A Russian court has ordered Austria's Raiffeisen Bank to pay nearly $400 million in compensation to a company linked to sanctioned oligarch Oleg Deripaska. The bank says it will appeal.
Tinubu Names New NERC Board, Oseni as Chairman
President Bola Tinubu has reconstituted the NERC board with Dr. Mulisiu Oseni as Chairman. The new team is tasked with implementing the Electricity Act 2023 to transform Nigeria's power sector. Read the full details here.
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