Business

FG’s deficit spending rises 8% to N1.07trn

The Federal Government’s deficit spending rose by 8.0 percent, year-on-year (YoY) to N1.07 trillion in January 2024 from N980 billion in January 2023. The deficit spending in January was also 18.6…

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State Police Will Not Dismantle Nigeria Police Force, IGP Assures Officers

The Inspector-General of Police (IGP), Olatunji Disu, has assured officers and men of the Nigeria…

Lagos Police Bust Alleged Child Prostitution Ring in Idumota Market

The Lagos State Police Command has uncovered an alleged child prostitution ring operating from a…

Sowore Vows To Resist Judicial Intimidation After Judge Ordered His Arrest

The Federal High Court in Abuja has ordered the arrest of activist and African Action…

Lagos Warns of Heavy Rainfall, Flash Floods in 14 Areas

The Lagos State Government has warned residents to brace for heavy rainfall, rising water levels,…

Senate to Review Oshiomhole’s Forgery Allegation Over Natasha Suspension

The Senate has said it will review allegations made by Senator Adams Oshiomhole regarding the…

Lagos Announces Traffic Diversion Ahead of Temporary Closure of Iddo Bridge

The Lagos State Government has announced a traffic diversion plan ahead of the temporary closure…

Just for You

Balogun Nets Brace as USA Thrash Paraguay 4-1 in World Cup Opener

Former Arsenal striker Folarin Balogun scored twice as the United States kicked off their 2026…

Infantino Defends World Cup Ticket Prices As Tournament Begins

FIFA President Gianni Infantino has defended the pricing structure for the 2026 FIFA World Cup,…

UEFA Plans New ‘Swiss-Style’ Qualification Format for 2030 World Cup, Euro Tournaments

UEFA is planning a major restructuring of the qualification process for the 2030 FIFA World…

PSG Make Champions League History With Back-to-Back European Titles

Paris Saint-Germain cemented their place among European football’s elite after successfully defending their UEFA Champions…

Lasted Business

Fidelity Bank goes for N127.1bn capital raise

At the backdrop of the banking industry recapitalization drive, Fidelity Bank Plc has concluded arrangements to raise a total of ¦…

GenCos cry out over N3.7trn debt, say only 10% of invoice paid monthly

Abuja-Power generation companies in Nigeria, GenCos, yesterday raise the alarm over the imminent collapse of their operations, following a huge…

MPC: Stock investors maintain cautious stance, lose N290bn

There may be no respite  yet for investors in the stock market as investment analysts have said that the outcome of…

NUPRC contradicts NNPC over Nigeria’s actual oil output

Controversy seems to have enveloped the oil industry as Nigeria’s two major oil industry authorities, the Nigerian Upstream Regulatory Commission, NUPRC,…

Sanusi, Moghalu, Kpakor Lead Discussion At Rivers Investment Summit

The 14th Emir of Kano and former governor of Central Bank of Nigeria, Alhaji Lamido Sanusi, former deputy governor of…

Bonny Gas Charters Eco-Friendly New-Build Vessel, AKTORAS

Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria LNG Limited (NLNG), has chartered a new-build vessel, AKTORAS, in a…

UBA will pursue innovations that enhance customer experiences — GMD

Group Managing Director/Chief Executive, United Bank for Africa, UBA Plc, Mr. Oliver Alawuba, yesterday said that the bank will continue to…

Dangote laments African travel restrictions

Nigeria’s business mogul, Aliko Dangote, has decried difficulties faced by investors travelling across the African continent. He bemoaned the stringent…

Port Harcourt refinery begins operation July

The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after several postponements. The new date was…

Multiple taxes threaten gains of manufacturers in AfCFTA — MAN

The Manufacturers Association of Nigeria (MAN) has warned that the impact of multiplicity of taxes imposed on the manufacturing sector in…