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MARKETS AND ECONOMY

Africa Accounts for 2.1% of Global Air Cargo Market as September Demand Grows 4.7% – IATA

 African airlines recorded a 4.7 per cent year-on-year increase in air cargo demand in September 2026, despite a 1.2 per cent contraction in available capacity, as the continent accounted for 2.1 per cent of the global air cargo market, according to the International Air Transport Association (IATA).IATA's September 2026...

HBM Nigeria’s 9M 2026 Revenue Rises 18.9% to N928.25bn as Profit After Tax Hits N271.99bn

 HBM Nigeria Plc, formerly Lafarge Africa Plc, recorded an...

We Are Building Towards a $1trn Economy — Tinubu; Defends Foreign Loans

 President Bola Tinubu has defended his administration’s borrowing strategy,...

FCCPC Warns DisCos Over Estimated Billing, Illegal Disconnections

 The Federal Competition and Consumer Protection Commission (FCCPC) has...

Power Minister Tegbe Unveils Plan to Stabilise Nigeria’s Electricity Grid

 Minister of Power Joseph Tegbe has outlined plans to...

Investors Pile N1.84tn into One-Year Treasury Bills as DMO Cuts Rates

 Investors overwhelmingly favoured one-year Nigerian Treasury Bills at Wednesday’s...

Julius Berger Nigeria’s Q3 2026 Profit After Tax Falls 63% to N4.13bn

 Julius Berger Nigeria Plc reported a 63 per cent...

Tech World

FINANCE

Nigeria’s $11.12bn Transfer Figure Raises Questions over Formal Remittance Capture

 Nigeria recorded $11.12 billion in personal transfers in the first half of 2026, but only $2.85 billion came through formal international money transfer operators.This raises questions about how much diaspora money flows through regulated channels and what the figures reveal about the country’s foreign exchange market.Data from the Central...

Nigeria’s Recapitalised Banks and Missing Link Between Profit and Prosperity

By Blaise UdunzeNigeria’s banking industry has spent years rebuilding...

PalmPay Partners Police Cybercrime Centre to Strengthen Fraud Prevention Awareness

 PalmPay has partnered with the Nigeria Police Force National...

UBA Wins Legal Battle to Recover N156bn Debt From Stallion Group

 United Bank for Africa Plc (UBA) has secured a...

Nigeria’s Foreign Reserves Hit $55.1bn, Highest in 18 Years – Cardoso

 Nigeria’s foreign exchange reserves have risen to $55.1 billion,...

OPay Secures Approval for Dual Listing on NYSE, NGX

 OPay has secured board and shareholder approval for a...

FG Seeks To Offset Fuel Shock Through Tax And Transport Interventions

 The Federal Government is deploying tax relief, transport support...

GENERAL NEWS

UBA Launches Group-Wide Climate Action Week to Advance Green Finance and Sustainability Across Africa

 Africa’s Global Bank, United Bank for Africa (UBA) Plc,...

Nigeria’s $1tn Economy Ambition Depends on Scaling Small Businesses – Oyedele

 Nigeria’s plan to build a $1tn economy will depend...

Varsities Claim 73.2% of FG’s N38.93bn Tertiary Institution Fund

 The Federal Government has disbursed N38.93 billion to 166...

NSIA, Africa50 Launch $300m Fund to Expand Nigeria’s Renewable Energy Access

 Nigeria has launched a $300 million fund to accelerate...

REA Restores Electricity to Two Kano Communities After 16 Years, Targets 2,222 Households

  The Rural Electrification Agency (REA) has restored electricity to...

FG Reviews Overseas Training Policy After 80% of Sponsored Nigerians Fail to Return

 The Federal Government has discontinued its overseas training programme...

LG Billions in the Dark: Falana to Keynote as Olorunyomi chairs DevReporting Documentary Screening

Human rights lawyer and Senior Advocate of Nigeria, Femi...

media outreach

Travels & Aviation

Appointments & RECOGNITIONS

VIEWPOINTS

Nigeria’s Recapitalised Banks and Missing Link Between Profit and Prosperity

By Blaise UdunzeNigeria’s banking industry has spent years rebuilding capital, restructuring institutions and celebrating stronger financial performance. Amidst all...

ENERGY

MARKET