Nigeria remained one of the world’s largest gas-flaring countries in 2025, ranking among nine nations responsible for 83% of global gas flaring. The post Nigeria, […]
Category: Economy
SAHCO approves N1.62 billion dividend payout to shareholders
Skyway Aviation Handling Company Plc (SAHCO) has approved a dividend payment of N1.624 billion to shareholders following resolutions passed at its 16th Annual General Meeting […]
Nigerians hold N5.19 trillion cash outside banks despite digital push
Nigerians held N5.19 trillion outside the banking system as of May 2026, highlighting the continued dominance of cash transactions despite years of investment in digital […]
BREAKING: SEC bans marketing, promotion of Dangote Refinery’s IPO
Nigeria’s Securities and Exchange Commission (SEC) has warned against the sale, marketing and promotion of the initial public offering (IPO) by Dangote Petroleum Refinery & […]
Petrol prices fall as vehicle owners may abandon CNG, Marketers say
Oil marketers have hinted that most vehicle owners who installed Compressed Natural Gas (CNG) as an alternative energy source may return to petrol as petroleum […]
Oracle cuts 21,000 jobs globally as AI reshapes its workforce
Global tech giant, Oracle, shed approximately 21,000 roles globally in the past year as the US technology giant restructures its operations around artificial intelligence. The […]
Vehicle owners may abandon CNG as petrol prices fall—Marketers
Oil marketers have hinted that most vehicle owners who installed Compressed Natural Gas (CNG) as an alternative energy source may return to petrol as petroleum […]
Private sector credit rises to N81.04 trillion in May despite tight monetary policy
Credit to Nigeria’s private sector increased to N81.04 trillion in May 2026, reflecting a modest rise from N80.59 trillion recorded in April, despite the Central […]
Aradel’s pre-tax profit rises 323% to N284 billion in Q1 2026
Aradel Holdings Plc has released its first quarter 2026, ended March 31, 2026, reporting pre-tax profit of N283.84 billion, representing a 322.54% increase from N67.17 […]
FAAN considers final extension of Airport cab upgrade deadline to October 2026
The Federal Airports Authority of Nigeria (FAAN) is considering extending the deadline for airport cab operators to upgrade their vehicles until October 2026, in what […]