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Reprisal attack kills several residents in Kogi communities after herder’s death

Several residents have been killed in a reprisal attack on Abugi, Kuchinda and Mikugi communities in Kogi State after a vigilante allegedly shot dead an unarmed herder.
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Lagos short of 40,000 doctors as Sanwo-Olu warns of health funding gap

Lagos State needs roughly 40,000 more doctors and 40,000 nurses, Sanwo-Olu says, while its health sector needs at least N100bn above current budget provisions.

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Business

Paystack Enters Banking With Microfinance Acquisition

Nigerian fintech Paystack has entered banking after acquiring Ladder Microfinance Bank, aiming to close Nigeria’s SME financing gap and expand beyond payments into lending and deposits.
Business

Yari Takes Control of Geregu Power as FG Settle Sector’s Debts

Abdul-Aziz Yari has emerged as chairman and controlling shareholder of Geregu Power Plc, positioning the company for growth as the Federal Government begins settling long-standing power sector debts.
Business

Nigeria Inflation Eases to 15.15% in December as NBS Revises Methodology

KEY POINTS Nigeria headline inflation slowed to 15.15 percent in December 2025, reflecting a...
Business

Rabiu Pays $500,000 Bonus to Super Eagles Despite Loss

Abdul Samad Rabiu has paid a $500,000 Super Eagles cash gift despite Nigeria’s loss, praising the team’s effort, unity and impact on national morale.
Business

Nigerian Billionaires Lose Out as TotalEnergies Sells Oil Stake

TotalEnergies has agreed to sell its Nigerian oil stake to VAARIS Resources, ending a long divestment process that sidelined several billionaire-backed bidders.
Business

Jim Ovia’s $5 Million Bet Built Nigeria’s Zenith Bank Giant

Jim Ovia’s $5 million bet in 1990 built Zenith Bank into Nigeria’s most profitable lender, with over $3.3 billion in shareholders’ funds today.
Business

Nigeria, UAE Sign Landmark Trade Pact, Open Duty Free Access for Thousands of Products

KEY POINTS Nigeria and the UAE signed a Comprehensive Economic Partnership Agreement to deepen...
Business

Terra Industries Raises $11.75 Million to Scale Defense Systems

Terra Industries raised $11.75 million to scale African defense technology, expanding autonomous systems that secure power plants, mines and other critical infrastructure.
Business

Rabiu Nears Rare $10 Billion Wealth Mark in Nigeria

Abdul Samad Rabiu is closing in on the Nigerian $10 billion wealth mark as BUA Cement and BUA Foods rally amid strong earnings and a booming stock market.
Business

CardinalStone Securities Sets NGX Trading Record in 2025

CardinalStone Securities became the first Nigerian broker to exceed ₦2 trillion in annual NGX transactions, capitalising on a historic rally in the equity market.
Business

Afreximbank Backs Nigerian Trader’s Shift Into Gas Infrastructure

Afreximbank has provided $64 million in financing to support Levene Energy’s entry into Nigeria’s gas infrastructure through an Axxela-linked acquisition.
Business

CBN Sees Nigeria Petrol Prices Rising Toward ₦950 in 2026

Nigeria’s central bank says petrol prices could average about ₦950 per litre in 2026, reflecting oil price assumptions, exchange rate trends and refining capacity.
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Reprisal attack kills several residents in Kogi communities after herder’s death

Several residents have been killed in a reprisal attack on Abugi, Kuchinda and Mikugi communities in Kogi State after a vigilante allegedly shot dead an unarmed herder.
News

Lagos short of 40,000 doctors as Sanwo-Olu warns of health funding gap

Lagos State needs roughly 40,000 more doctors and 40,000 nurses, Sanwo-Olu says, while its health sector needs at least N100bn above current budget provisions.
News

ICPC recommends prosecution of alleged PFIPC boss Adeyemi

The ICPC has recommended prosecuting Adeniyi Adeyemi, alleged head of the disputed PFIPC, telling President Tinubu in an interim report that flagged forged appointment documents.
News

Customs intercepts pump-action rifle parts at Tin Can Port

Nigeria Customs intercepted concealed pump-action rifle parts and seized ₦373.8 million in cannabis-infused products at Tin Can Port, with a principal suspect on the run.