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ISWAP Claims Deadly Attack on Adamawa Community That Killed Dozens

KEY POINTS ISWAP claimed responsibility for an attack in Adamawa that killed at least 29 people at a football gathering. Gunmen burned homes, a church, and dozens of motorcycles during the prolonged assault. Governor Fintiri condemned the killings and promised stronger security measures to...

April 29, 2026

News

Nigerian Tech Firm Launches Drones to Boost Fight Against Insurgency

KEY POINTS Terra Industries unveiled drones, mine-clearing vehicles, and intelligence software to support Nigeria’s military. The technology focuses on detecting IEDs and countering modern insurgent tactics like drone attacks. Defence officials say local innovation will reduce casualties, improve efficiency, and strengthen national security. A Nigerian...

April 29, 2026

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Business

Chappal Energies Secures $430 Million Financing to Refinance

Chappal Energies closed $430 million in reserve-based loans, refinancing its Equinor Nigeria deal and strengthening long-term funding for African oil assets.

December 20, 2025

Business

FCMB Wins Shareholder Backing for $274 Million Capital Raise

FCMB shareholders approved a major capital raise, strengthening buffers as Nigeria’s banking regulator tightens requirements ahead of 2026.

December 20, 2025

Business

Nigerian-Linked Investor Battles Zambia Regulator Over Stake

A Nigerian-linked firm says a settled share purchase vanished after Zambia’s central bank refused recognition and liquidated the lender.

December 19, 2025

Business

NSIA Redefines Mandate With Systems-Building Push

Nigeria’s sovereign wealth fund is evolving beyond savings, using capital and governance to fix structural gaps across healthcare, energy, innovation and housing.

December 19, 2025

Business

Tinubu Heads to Parliament with 2026 Budget

KEY POINTS President Tinubu is set to present the 2026 budget at a joint...

December 19, 2025

Business

Petroleum Regulator Chief Quits After Dangote Calls for Probe

KEY POINTS Nigerian petroleum regulator resignation followed public scrutiny and investor pressure. Tinubu nominated...

December 18, 2025

Business

Nigeria’s Textile Imports Surge 47 Percent as Revival Push Falters

Nigeria’s textile imports jumped sharply in 2025, exposing deep weaknesses in local production despite repeated government pledges to revive the once-thriving industry.

December 18, 2025

Business

Transcorp Hotels Names Awele Elumelu as Board Chair From 2026

Transcorp Hotels appoints Awele Elumelu as chair, signaling a strategic shift toward wellness-driven hospitality and diversified revenue growth.

December 17, 2025

Business

BUA Foods Nears Completion of Nigeria’s Largest Sugar Complex

BUA Foods is close to completing Nigeria’s largest integrated sugar complex in Kwara State, a project expected to boost local production, generate power and reduce sugar imports.

December 17, 2025

Business

BUA Awards $20.7 Million to 1,706 Employees for Long Service

BUA Group rewarded 1,706 long-serving employees with N30 billion in cash, underscoring Abdul Samad Rabiu’s people-first approach to corporate growth.

December 16, 2025

Business

Dangote Accuses Fuel Regulators of Undermining Refining Push

Aliko Dangote accuses Nigeria’s fuel regulators of undermining local refining, escalating a dispute over imports, transparency and energy policy direction.

December 16, 2025

Business

Top Four Nigerian Financial Firms Led By Under-40 Founders

Nigeria’s financial sector is being reshaped by under-40 founders building fintech companies that expand inclusion, support SMEs and attract global investor attention.

December 15, 2025