Business
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Uber limits fully remote work to one per cent as it cuts 3,300 jobs
Uber is restricting fully remote work to about one per cent of its staff after announcing plans to cut some…
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Dangote Cement head of treasury buys 986 shares in disclosed insider deal
Dangote Cement Plc, Sub-Saharan Africa’s largest cement producer, has notified the Nigerian Exchange Limited (NGX) and investors of an insider…
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Depot petrol falls toward N1,266 while pumps in Lagos and Abuja stay above N1,310
Petrol prices at filling stations across Nigeria remain high even as depot prices have dropped, raising questions about the gap…
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Dangote refinery signs historic digital IPO, ownership starting from just ₦5,250
Dangote Petroleum Refinery has formally executed agreements for its landmark Initial Public Offering (IPO), introducing a first-in-Nigeria subscription model that…
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Uber exit leaves Moove-financed drivers uncertain as union points them to Bolt and inDrive
Drivers who obtained or deployed vehicles through financing deals to work on Uber’s platform in Nigeria now face uncertainty after…
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IPMAN says Abuja filling stations will cut petrol prices as new products arrive
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says filling stations across the Federal Capital Territory (FCT) will begin adjusting…
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Uber to wind down Nigeria operations after 12 years, effective September 2
Ride-hailing company Uber is set to wind down its operations in Nigeria with effect from Wednesday, 2 September 2026, ending…
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Nigeria’s foreign reserves hit $53.11bn, highest in 17 years
Nigeria’s external reserves have risen above $53 billion for the first time in more than 17 years, reaching $53.11 billion…
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Presidency calls Benin-Agbor-Asaba road failure an isolated case
The Presidency has described the recent failure on the Benin–Agbor–Asaba Expressway as an isolated incident and said the Federal Government…
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Trade War: Canada hits US with dollar-for-dollar tariffs after Trump’s 50% levies
Canada has announced retaliatory tariffs of up to 50% on a range of US goods in response to the latest…
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UBA seeks NGX extension as CBN approval delays H1 2026 audited results
United Bank for Africa Plc has informed shareholders and the investing public of a potential delay in the publication of…
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NNPCL raises petrol price to N1,270 in Abuja despite Dangote delivery and lower crude
The Nigerian National Petroleum Company Limited (NNPCL) has increased its Premium Motor Spirit (PMS) pump price despite Dangote Refinery’s free…
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Trade War: US, Canada trade talks collapse as 50% tariffs take effect September 8
The United States has imposed additional 50 per cent tariffs on a range of Canadian products after trade negotiations between…
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US National debt hits $40tn after doubling in a decade
US national debt has more than doubled in a decade to reach $40tn (£29.4tn), Treasury figures show. The debt stood…
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FG commissions Lagos transmission upgrades adding 360MW capacity
The Federal Government has commissioned upgraded transmission facilities at four major substations in Lagos, adding about 360 megawatts (MW) to…
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Tinubu assures refineries will return as NUPENG raises casualisation and depot concerns
President Bola Tinubu on Thursday assured Nigerians that the nation’s refineries will bounce back. He also lamented that the expected…
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Oil hits $90 as Iran insists Strait of Hormuz will remain closed
Iran has warned that the Strait of Hormuz will remain closed to shipping until the United States changes its position…
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Dangote Refinery rejects 15.5m barrels of crude over high cost
Dangote Petroleum Refinery and Petrochemicals has clarified its position following reports referencing data released by the Nigerian Upstream Petroleum Regulatory…
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Aviation unions ground Air Peace flights over unionisation dispute
Passengers were left stranded in Abuja and Lagos on Tuesday after aviation unions shut down operations of Air Peace over…
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NUPRC warns public against fake AI-generated employment letters, job fraudsters
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned the public against fake and AI-generated employment letters circulating in its…
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Tinubu’s reforms propel MTN, Dangote, BUA, Transcorp, Seplat, others’ H1 revenues to N14.4trn, N4.99trn profits
Ten major quoted companies have recorded a combined N14.4 trillion revenue and N4.99trillion profit before tax (PBT) in the first…
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6 banks pay N1.27tn dividends for 2025, CBN blocks five others over prudential rules
Only six of Nigeria’s largest listed banks rewarded shareholders with a combined N1.27 trillion in dividends for the 2025 financial…
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PROFOH conducts client engagement at Mgbuosimini Primary Health Centre
Professionals For Humanity (PROFOH) carried out Client Exit Interviews (CEI) with clients accessing services at the Model Primary Health Centre…
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China accuses US of interfering in Argentina-Huawei business cooperation
China has accused the United States of interfering in business cooperation between Argentina and Chinese technology company Huawei, alleging that…
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FG clarifies no immediate electricity subsidy removal or tariff hike after Tegbe comments
The Federal Government has clarified that there is no immediate plan to remove electricity subsidies or increase tariffs, following reports…
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Senate committee praises EKEDP for lower losses, higher metering since privatisation
The Senate Committee on Privatisation has commended Eko Electricity Distribution Plc (EKEDP) for its improved operational performance since the privatisation…
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Petrol and diesel prices drop across Lagos, Port Harcourt, Warri as crude oil falls below $80
Competition among petroleum marketers and depot operators intensified on Tuesday as prices of Premium Motor Spirit (PMS), also known as…
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FG to publish fuel subsidy savings breakdown, says Finance Minister
The Federal Government has pledged to publish a detailed account of how savings from the removal of fuel and foreign…
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Petrol depot prices fall as marketers cut rates amid growing competition
Petrol depot prices declined across major supply centres on Tuesday as marketers implemented fresh price reductions, reflecting increasing competition in…
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Nigerians reject proposed electricity tariff hike over poor power supply
Concerns are mounting over reports that the Federal Government may increase electricity tariffs across all customer bands, with consumer advocates…
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PIP Africa Alliance hosts Five Continents Meeting for CRPD at 20
Disability rights advocates across Africa and beyond are preparing for a landmark virtual gathering next month as the PIP Africa…
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Dangote Refinery resumes naira petrol sales, raises ex-depot price by N140
Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit (PMS), also known as petrol, in naira after briefly…
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CBN retains interest rate at 26.5% as Middle East tensions fuel inflation risks
The Central Bank of Nigeria (CBN), on Tuesday, decided to leave the Monetary Policy Rate (MPR), the benchmark interest rate,…
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Prices jump 3% as US-Iran conflict disrupts gulf shipping
Oil prices surged by about three per cent on Monday, with Brent crude climbing above $90 per barrel as escalating…
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Marketers warn petrol could be sold in dollars if naira-for-crude deal is not restored
Petroleum marketers have warned that Nigerians could begin paying for petrol and other refined petroleum products in US dollars if…
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Nigeria’s foreign reserves hit $51.86 billion, highest in more than 17 years
Nigeria’s foreign reserves have risen to $51.86 billion, marking their highest level in more than 17 years and surpassing the…
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Nigeria, Ghana, Côte d’Ivoire, Cameroon sign Abuja declaration to end raw Cocoa exports
Nigeria, Ghana, Côte d’Ivoire and Cameroon have signed the Abuja Declaration, forming a strategic alliance to end the export of raw…
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US-Iran tensions force Dangote to sell fuel in dollars
The renewed hostilities between the United States and Iran over the strategic Strait of Hormuz, have triggered fresh concerns across…
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Cooking gas prices remain high despite improved supply, marketers explain
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says cooking gas prices remain high across the country despite recent…
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Is Nigeria Ready for the AI Economy? by Mercy Emmanuel
Aisha Bello did not set out to work in artificial intelligence. A graduate in English and literary studies, she found…
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