Business

A federal committee has urged emergency measures, forensic audit of crude output since 2004, and derivation refunds among oil states. A high-level inter-agency committee set up by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has recommended that the federal government declare a state of emergency in Nigeria’s oil and...

United Nigeria Airlines will commence direct flights from Lagos to New York by mid-2026, to mark its fifth anniversary. Nigeria’s fast-growing carrier, United Nigeria Airlines (UNA) has announced it would start direct flight to New York from Lagos, mid 2026, five years after it started operation. During the period, the...

Bayelsa aims to implement MoU with Angola’s Namibe Province, focusing on fisheries, aquaculture, and economic collaboration. Bayelsa State has stepped up efforts to strengthen economic and diplomatic ties with Angola, as it moves to implement a Memorandum of Understanding (MoU) signed with Namibe Province during the renewed Nigeria–Angola Bilateral Commission....

Abdul Samad Rabiu calls for industrialisation, urging Africa to process resources locally and capture greater economic value. Founder and Executive Chairman of BUA Group, Abdul Samad Rabiu, has called for a decisive shift in Africa’s development strategy, urging governments, financiers, and the private sector to move the continent from raw...

SEC has urged civil servants to tap into capital market opportunities to build wealth, enhance retirement security and avoid Ponzi schemes. The Securities and Exchange Commission (SEC) has urged Nigerian civil servants to take advantage of opportunities in the capital market to build wealth, enhance financial security and actively participate...

Dangote, accompanied by Obasanjo, met Burundi’s president to explore investments in minerals, energy, agriculture, cement and infrastructure. Africa’s richest man Aliko Dangote has paid a brief but strategically significant visit to Burundi where he explored new investment opportunities and cemented plans to expand the Dangote Group’s presence across the continent. ...

The Dangote Petroleum Refinery has increased the ex-gantry price of Premium Motor Spirit (PMS), commonly known as petrol, by N100 to N799 per litre. The new price represents an increase from the previous N699 per litre, which took effect on December 12, 2025. The refinery disclosed the adjustment in a...

The Nigerian Ports Authority (NPA) on Saturday, said that 20 ships are discharging petroleum products and other commodities at Apapa, Lekki, and Tin-Can Island ports in Lagos. The authority disclosed this in its shipping position made available to newsmen. NPA explained that the ships were discharging buck wheat, diesel, crude...

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) are set to roll out a joint refund framework aimed at addressing consumer complaints arising from failed airtime and data transactions. The framework is designed to protect subscribers who are debited for airtime or data purchases without receiving...