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Arik Air Jet Makes Precautionary Emergency Diversion to Benin After Mid-Air Engine Anomaly

KEY POINTS An Arik Air Lagos–Port Harcourt flight diverted safely to Benin after pilots detected abnormal engine readings mid-air. The crew shut down the affected engine and landed without incident; no injuries were reported. The NSIB has launched a formal investigation, with a preliminary...

Tinubu Nominates Former Envoy Ismail Yusuf as NAHCON Chairman

KEY POINTS President Tinubu has nominated former ambassador Ismail Abba Yusuf as NAHCON chairman and CEO. The appointment requires Senate confirmation, with a request sent to Senate President Godswill Akpabio. Yusuf will replace Abdullahi Usman, who resigned after about 14 months in office President Bola...

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UTM Offshore Targets 2026 Start for Nigeria FLNG Project

UTM Offshore says construction of the Nigeria FLNG project will start in 2026, unlocking offshore gas reserves with $5 billion in financing secured.

Rainoil Chief Urges Nigeria Pipeline Infrastructure Revival

Rainoil’s Gabriel Ogbechie calls for Nigeria pipeline infrastructure revival and predictable pricing to support efficient fuel distribution and energy sector growth.

UBA Unveils Aggregator Model to Expand RedPay Network

UBA launches Aggregator Sales Structure to scale RedPay POS and agency banking network, targeting stronger partnerships and broader financial inclusion.

UAC of Nigeria Revenue Jumps After C.H.I. Acquisition

UAC of Nigeria earnings climbed in 2025 after its C.H.I. Limited acquisition lifted revenue, with underlying profit rising despite significant one-off costs.

Eze Loses Equatorial Guinea Stake After Chevron Dispute

Arthur Eze’s Atlas Petroleum loses its Equatorial Guinea stake in Block I, clearing the way for Chevron to advance the Aseng gas development.

Lagos Assembly Budgets N55.4bn for Lawmakers’ Quarters, Complex Beautification in 2026

KEY POINTS Lagos Assembly plans to spend N55.4bn in 2026 on lawmakers’ quarters and...

VAT Allocations to FG, States, LGAs Rise 26% to ₦7.73tn in 2025

KEY POINTS VAT allocations rose to ₦7.73 trillion in 2025, up 26.46% from ₦6.11...

World Bank Says Nigeria Portfolio Tops $16bn as Global Operations Chief Begins Country Visit

KEY POINTS World Bank says its active development projects and lending in Nigeria now...

Caverton Q4 Revenue Slides Sharply as Losses Narrow Slightly

KEY POINTS Caverton’s fourth-quarter revenue fell to 3.74 billion naira from 13.11 billion naira...

May & Baker Returns to Profit as TY Danjuma Family Maintains Control

KEY POINTS May & Baker Nigeria Plc returned to profit in Q4 2025, recording...

BUA Foods Posts Sharp Profit Jump as Demand Lifts Sales

BUA Foods nearly doubled profit in 2025, as demand for staples and tight cost control lifted earnings and reinforced its position in Nigeria’s food sector.

Nigerian Business Leader Adekunle Ojora Dies at 93

Nigerian business leader Adekunle Ojora has died at 93, closing a decades-long career that shaped corporate Nigeria and post-independence enterprise.

Latest articles

Arik Air Jet Makes Precautionary Emergency Diversion to Benin After Mid-Air Engine Anomaly

KEY POINTS An Arik Air Lagos–Port Harcourt flight diverted safely to Benin after pilots...

Tinubu Nominates Former Envoy Ismail Yusuf as NAHCON Chairman

KEY POINTS President Tinubu has nominated former ambassador Ismail Abba Yusuf as NAHCON chairman...

Senate Warns Against Delays, Demands Full Release of Defence Funds

KEY POINTS The Senate has warned that delays in implementing the defence budget could...

Nigeria’s Capital Importation Surges 75% to $21 Billion in First Ten Months of 2025

KEY POINTS Nigeria’s capital importation soared to $21 billion in the first ten months...