Petrol imports rose sharply by 59.5 per cent in May after months of decline, as oil marketers increased purchases from foreign suppliers despite rising output from domestic refineries, according to data obtained from the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The latest M…
Nigeria’s current account surplus rose sharply by 255.7 per cent quarter-on-quarter to $4.98bn in the first quarter of 2026, driven by higher crude oil, gas and refined petroleum exports, as well as a steep decline in petroleum product imports, according to the latest Balance of Payments report rel…
The Airtel Africa Foundation, through Airtel Nigeria, has disbursed a total of N50m in first-year funding to 100 Nigerian students under its Airtel Africa Tech Fellowship Programme, strengthening its push to expand digital skills and education access in the country. The initiative targets high-perf…
Nigeria’s telecommunications and digital services company, Globacom, has launched a new data initiative aimed at heavy internet users, introducing enhanced bundles under its “More Data More Value” offer. The company said the new packages are designed to deliver higher data volumes and improved valu…
First Bank of Nigeria Limited has crossed a significant digital lending threshold, recording a historic N1bn single-day disbursement on its flagship salary-backed digital loan product, FirstAdvance. The financial institution announced on Monday that the breakthrough underscores a sharp increase in …
Justice Yellim Bogoro of the Federal High Court, in Lagos, on Wednesday ordered the remand of popular social media influencer and self-styled relationship therapist, Blessing Okoro, fondly called Blessing CEO, in the custody of the Nigerian Correctional Service pending the commencement of her trial…
The National Industrial Court of Nigeria, Lagos Division, has ordered a bank to withdraw the dismissal of a former employee, Mr Tajudeen Balogun, and awarded him N5.5m in damages after finding that the bank wrongfully terminated his employment based on incorrect information supplied by Obafemi Awol…
The Capital Market Solicitors Association has said its 2026 Annual Business Summit will focus on strengthening the structural foundations of Nigeria’s capital market, deepening investor confidence and promoting sustainable growth beyond temporary market rallies. During a press briefing on Wednesday…
The Dangote Petroleum Refinery has reduced operations at its gasoline-producing unit by about 34 per cent since May 21 due to a combination of feedstock constraints and technical issues, according to a Reuters report citing industry monitor IIR Energy. The development comes amid heightened concerns…
Marketing leaders, business executives and communications experts have called for a redefinition of the Chief Marketing Officer’s role, urging marketers to move beyond traditional brand management and focus on enterprise leadership, business growth and value creation. The call was made on Thursday …
Mutual Benefits Assurance Plc has announced its audited financial results for the year ended 31 December 2025, reporting a strong performance marked by significant growth in profitability, improved insurance revenue and continued expansion of its balance sheet. The results underscore the company’s …
Panic gripped residents and traders in the Old Garage area of Osogbo, Osun State, on Sunday after a fire engulfed a warehouse used for storing plastic containers. The affected facility is located close to a filling station and the Dugbe Divisional Headquarters of the Nigeria Police Force, raising f…
I was sitting on my three-seater chair with its peeling leather in my 2-by-2-metre apartment when I heard a voice: “Egbon, ba yi si?” Looking up, I discovered it was Saheed Olugbon, a serial award-winning photographer, who plies his trade with the most widely read newspaper headquartered in a gigan…
Operatives of Owode-Egba Division of the Ogun State Police Command have arrested a 32-year-old security guard, Friday Ayuba, for allegedly stealing motor spare parts belonging to his employer at Ita-Asu Village, via Owode-Egba. The spokesperson of the state police command, DSP Oluseyi Babaseyi, dis…
A corps member, Peace Bassey, speaks with TEMITOPE ADETUNJI about her near-fatal electric shock in 2015 that left her with a disability and reshaped the course of her life You made a TikTok post about surviving an incident that could have been fatal and how it eventually led to your disability. Cou…
Every time seven-months-pregnant Ayo Sarumi walks past fruit stalls in her neighbourhood, she keeps moving. Watermelons, which used to be her craving and a regular part of her diet, have become an expense she can no longer justify. “Now that the price is competing with the amount of money I need to…
FirstBank is set to commemorate Children’s Day 2026 with a series of sponsored nationwide engagements designed to educate, inspire, and empower children across Nigeria. Through its sponsorship of initiatives organised by the Nigerian Television Authority, Nigeria Future Leaders Festival, and Lexico…
The Lagos State Electricity Regulatory Commission has urged electricity consumers in the state to escalate unresolved power complaints to the commission after reporting such issues to their distribution companies. LASERC made the call following the resolution of a year-long electricity crisis that …
Iran’s top security body announced on Monday the formation of a new body to manage the Strait of Hormuz, which Tehran has effectively closed and wants to charge ships to traverse. On its official X account, the Supreme National Security Council shared a post for the Persian Gulf Strait Authority (P…
The Confederation of African Football will on Tuesday conduct the qualifying draw for the 2027 Africa Cup of Nations. The event will mark the start of the road to the continent’s flagship football tournament to be jointly hosted by Kenya, Tanzania and Uganda. CAF disclosed this in a statement publi…
