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Category: Business
CAC finally confirms cybersecurity breach affecting millions of Nigerian companies’ records
The Corporate Affairs Commission (CAC) has confirmed unauthorized access into its database, affecting millions of companies. CAC made this confirmation in a statement on Wednesday…
Dangote, Pope Leo XIV, Trump, Xi Jinping, others Named in TIME 100 Most Influential People for 2026
Renowned African industrialist and philanthropist, Aliko Dangote, has been named among TIME Magazine’s 100 Most Influential People in the World for 2026, reaffirming his standing…
FAAC deductions gulp 41% of N84tn revenue in three years
Nigeria’s federation revenues rose to N84tn over the past three years, but 41 per cent of these earnings was lost to pre-distribution deductions, significantly shrinking…
Failed Banks: NDIC commences process to conclude Liquidation of 89 MFBs, PMB
The Nigeria Deposit Insurance Corporation (NDIC) says it has commenced the process of concluding the liquidation activities of 89 closed Microfinance Banks (MFBs) and Primary…
BREAKING: Nigeria’s inflation climbs in March
Nigeria’s headline inflation rate rose to 15.38 percent in March 2026, reflecting a slight increase from the 15.06 percent recorded in February. This is according…
Nigeria secures $1bn steel investment deal in India
Nigeria has taken a major step towards revitalising its steel industry, securing a $1 billion investment commitment following the signing of a Memorandum of Understanding…
NiMet partners AIM for scale to deliver AI-Powered weather forecasts
The Nigerian Meteorological Agency (NiMet) and the Agricultural Innovation Mechanism for Scale (AIM for Scale) have signed a memorandum of understanding (MoU) to strengthen the…
Petrol marketers, experts reject World Bank’s fuel import proposal for Nigeria
Petroleum marketers and experts have rejected the Washington-based World Bank’s recommendations to Nigeria to open the country’s borders for premium motor spirit imports to edge…
PenCom warns public against rising job recruitment scams
The National Pension Commission (PenCom) has issued a strong warning to Nigerians over a rising wave of recruitment scams, urging the public to remain vigilant…
Dangote plans pan-African IPO for $20bn refinery
The President of Dangote Industries Limited, Aliko Dangote, is planning a landmark cross-border public offering of his $20bn oil refinery, in a move that could…