HomeBusiness

Business

News

ASUP Orders Staff Off Campus Over Security Fears

KEY POINTS ASUP orders academic staff off Federal Polytechnic Offa campus. Council says meetings were moved because of security risks. Union accuses management of hiding security concerns from staff and students. The Academic Staff Union of Polytechnics, ASUP, Federal Polytechnic Offa Chapter, has directed all...
News

Two-Storey Building Collapses in Aboru Area of Lagos State

KEY POINTS One person died in the Lagos building collapse. Two workers were rescued and taken to hospital. LASEMA urged developers to use certified professionals. A two-storey building undergoing manual demolition has partially collapsed in the Aboru area of Alimosho Local Government Area of Lagos...

Keep exploring

Business

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...
Business

Aiteo Breaks New Ground in Libya as Benedict Peters Expands African Energy Footprint

KEY POINTS Aiteo has won a rare oil exploration license in Libya’s Murzuq Basin...
Business

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.
Business

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.
Business

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.
Business

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.
Business

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.
Business

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...
Business

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...
Business

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...
Business

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...
Business

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

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

Latest articles

News

ASUP Orders Staff Off Campus Over Security Fears

KEY POINTS ASUP orders academic staff off Federal Polytechnic Offa campus. Council says meetings...
News

Two-Storey Building Collapses in Aboru Area of Lagos State

KEY POINTS One person died in the Lagos building collapse. Two workers were rescued...
News

NDLEA Brings Wanted Drug Suspect Back from Benin

KEY POINTS NDLEA arrests Festus Ibewuike in Benin Republic. He is linked to 49.70kg...
News

Kara Bridge Repairs Trigger Major Lagos-Ibadan Expressway Gridlock

KEY POINTS Kara Bridge repairs trigger severe Lagos-Ibadan gridlock. Traffic stretches from Kara towards...