News
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FG to invest N12 billion in digital economy research projects
The Federal Government has announced plans to invest N12 billion in digital economy research projects to strengthen Nigeria’s position in…
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$50bn secured for refinery, free zone development in Ondo, says Backbone Infrastructure
Backbone Infrastructure Nigeria Limited (BINL) says it has secured over $50 billion for the development of a “500,000-barrels-per-day refinery and a…
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EFCC vs Nwabuoku: High-Stakes Fraud Trial Hits Roadblock as Court Reserves Ruling
The Federal High Court in Abuja has reserved judgment on the no-case submission filed by former Acting Accountant-General of the…
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Naira Plunges as Trump’s Threats Fuel Dollar Surge
The Nigerian naira has taken a hit, depreciating sharply against the US dollar following a series of threatening comments from…
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First Holdco’s Returns Take a Hit: 9M’25 Earnings Analysis
First Holdco Plc’s 9M’25 financial results have been a mixed bag, with strong growth in core banking income offset by…
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Oil Market Remains Largely Unmoved by OPEC+ Efforts – OIR 041125
This week’s newsletter offers a concise overview of the key figures and data in the energy markets for the week.…
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Amazon Cuts 14,000 Corporate Jobs in Bid to Streamline Operations
Amazon is laying off approximately 14,000 corporate workers, or about 4% of its corporate staff, as part of an effort…
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TERRORISM: DSS GIVES UPDATE ON PROSECUTION OF TERROR SUSPECTS
On November 19, Justice Emeka Nwite of the Federal High Court in Abuja will continue the trial of two terrorism…
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UBA’s Profit Takes a Hit: Core Banking Segment Can’t Offset Non-Core Woes
United Bank for Africa’s (UBA) financial performance has faced a reality check, with a 4.5% decline in profit to N537.53…
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Apapa Customs generates record N304 billion revenue in October 2025
The Apapa Area Command of the Nigeria Customs Service generated N304 billion in October 2025, the highest monthly revenue ever…
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