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Lagos Electrician Alleges Four-Day Police Detention, ₦45,000 Extortion Over Missing Phone

KEY POINTS Lagos electrician Sunday Moses Olugbemi alleges police detained him for four days over a missing phone that was later found. He claims officers demanded and received ₦45,000 from his wife before releasing him. Take It Back Movement has condemned the alleged extortion...

August 24, 2026

News

Gunmen Kidnap Worshippers at Niger Mosque

K KEY POINTS Gunmen abducted worshippers from Kpenya Mosque in Niger State during Friday prayers. Police said no deaths were recorded and launched a joint rescue operation. Residents claimed more than 60 people were abducted in coordinated attacks, but the figure remains unverified. Gunmen have abducted...

August 24, 2026

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Sterling Bank summit targets Nigeria’s transport logistics gap

Sterling Bank CEO Abubakar Suleiman said fixing Nigeria's transport logistics sector requires bold, coordinated execution, not incremental change, at the inaugural NTLS 2026 summit.

March 30, 2026

Business

Investigation links late Access Bank CEO to 106 London properties

A new investigation into offshore property ownership in London has linked late Access Bank CEO Herbert Wigwe to 106 properties in the British capital held through shell companies.

March 27, 2026

Business

Lulu-Briggs foundation treats thousands in Rivers

Lulu-Briggs foundation treated over 5,000 people and performed 149 surgeries in Rivers, expanding access to free healthcare in underserved communities.

March 26, 2026

Business

New loan scheme targets micro businesses

A ₦100 million loan scheme has been launched to support Nigerian micro-entrepreneurs, focusing on women and informal sector businesses.

March 26, 2026

Business

Nigeria capital importation jumps in 2025

Nigeria capital importation surged in 2025, rising sharply on the back of portfolio investments and increased inflows into the banking sector.

March 26, 2026

Business

Moniepoint acquires Orda to push into Africa’s food service market

Tosin Eniolorunda's Moniepoint has acquired Orda Africa, embedding cloud-based restaurant management software into its platform to serve Africa's largely offline and underpenetrated food service sector.

March 24, 2026

Business

Tony Elumelu Foundation deploys $16m to 3,200 entrepreneurs

The Tony Elumelu Foundation has committed $16 million in seed capital to 3,200 African entrepreneurs in its 2026 cohort, adding AI and climate resilience training to the programme for the first time.

March 23, 2026

Business

The Economist questions whether Dangote’s empire truly innovates

The Economist has questioned whether Dangote's industrial empire truly innovates, noting that most technical and managerial work across his flagship operations relies on foreign expertise.

March 19, 2026

Business

Naira Strengthens to Highest Level Since February

KEY POINTS The naira appreciated to N1,355/$, its strongest level since February 2026. Rising...

March 18, 2026

Business

Dangote refinery supplies 92 percent of Nigeria’s petrol in February

Dangote Refinery covered 92 percent of Nigeria's petrol demand in February 2026, with imports accounting for just 8 percent of total daily supply for the first time on record.

March 18, 2026

Business

Nigeria textile exports crash 55 percent as imports hit N1.06trn

Nigeria's textile exports dropped 55.25 percent to N16.55 billion in 2025 as imports climbed 46 percent to N1.06 trillion, widening an already severe trade imbalance in the sector.

March 18, 2026

Business

Fuel vessels arrive Lagos as petrol prices top N1,200

Vessels carrying 129,000 metric tonnes of petrol and diesel are arriving at Lagos ports between March 14 and 17 as Nigerians contend with fuel prices above N1,200 per litre.

March 17, 2026