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US warns Mexican cartels are turning Nigeria into a methamphetamine hub after four lab busts

The US says Mexican cartels are looking to Africa as an alternative route, after Nigeria’s NDLEA dismantled four methamphetamine labs this year linked to the cartels.
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Shettima urges states to build state electricity markets and stop waiting for Abuja

Vice President Kashim Shettima urged states to stop waiting for Abuja and build their own electricity markets and regulators under the Electricity Act 2023.

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Nigerian Monarch Obateru Akinruntan Targets 200 Obat Oil Stations as Fuel Market Reshapes

KEY POINTS Obat Oil plans to grow its retail network to 200 stations across...
Business

Geregu Power Posts $29.5m Profit as Abdulaziz Yari Era Begins with Strong Results

KEY POINTS Geregu Power posted a pre tax profit of $29.53 million on revenue...
Business

Paystack Expands into Banking as Shola Akinlade Targets Nigeria’s $32bn Small Business Funding Gap

KEY POINTS Paystack has acquired and rebranded a microfinance bank to expand into lending...
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Otedola Hosts Rabiu, Business Leaders at Private Dubai Dinner

KEY POINTS Femi Otedola hosted Abdul Samad Rabiu and friends at a private dinner...
Business

Nigeria Cuts Petrol Imports as Local Refining Rises in December

KEY POINTS Petrol imports fell by 19 percent in December, while local refinery supply...
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Tony Elumelu Urges CEOs to Lead With Trust, Not Titles

Tony Elumelu says modern leadership is built on trust, accessibility and execution, not hierarchy, as his businesses post landmark banking and energy deals.
Business

Dangote Cement Rewards Top Distributors With ₦15 Billion Gifts

Dangote Cement celebrated its top distributors with ₦15bn in rewards at the 2026 Awards Night, recognising loyalty and highlighting the company’s Vision 2030 growth strategy.
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.
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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.
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US warns Mexican cartels are turning Nigeria into a methamphetamine hub after four lab busts

The US says Mexican cartels are looking to Africa as an alternative route, after Nigeria’s NDLEA dismantled four methamphetamine labs this year linked to the cartels.
News

Shettima urges states to build state electricity markets and stop waiting for Abuja

Vice President Kashim Shettima urged states to stop waiting for Abuja and build their own electricity markets and regulators under the Electricity Act 2023.
News

FCT Ebola Patient is a Diplomat, Condition Worsens

KEY POINTS The NCDC confirmed that the FCT Ebola patient is a diplomat whose...
News

Gunmen Shoot MACBAN Leader in Plateau State

KEY POINTS Gunmen shot MACBAN chairman Alhaji Yakubu in Mangu, Plateau State, on Saturday...