The Federal Ministry of Industry, Trade and Investment has signed a 2026 performance contract and adopted a communiqué aimed at accelerating industrial growth, expanding trade and attracting investment as part of efforts to drive Nigeria’s economic transformation. The resolution was reached at the end of the ministry’s two-day 2026 Management Retreat held in Abuja, according…
Nigerian music star, Davido has released his highly anticipated single, “I Know Who I Be”, marking his first official music release of 2026. The track features South African artistes and , highlighting a cross-border collaboration that blends Afrobeats with South African sounds. Davido announced the release on Friday via his social media platforms, with the…
The planned public listing of Dangote Petroleum Refinery has ignited intense investor interest across Nigeria and international markets, with the proposed Initial Public Offering (IPO) expected to raise as much as $2 billion and become the largest stock market listing in Africa’s history. According to a Bloomberg report published on Thursday, institutional investors have already…
By Seun Ibiyemi The Transmission Company of Nigeria (TCN) has confirmed a major disruption in electricity supply across the Lagos power network following a voltage instability on the national grid on Thursday morning. The company said the incident occurred at about 8:19 a.m. when a sudden voltage fluctuation developed within the national grid and rapidly…
No fewer than eight persons, including an infant girl, have been confirmed dead following the collapse of a three-storey shopping complex in the Alakija area along the Lagos-Badagry Expressway on Thursday. The Lagos State Emergency Management Agency (LASEMA) said 26 other victims were rescued alive from the rubble as emergency responders continued intensive search and…
…we killed her to teach her a lesson – Suspect By Seun Ibiyemi The Ogun State Police Command has arrested three suspects over the gruesome murder of businesswoman, Madam Olakitan Oyesiku, and her security guard, Pelumi Adetayo, following a forensic and intelligence-led investigation that also led to the recovery of the deceased’s stolen vehicle. Commissioner…
By Seun Ibiyemi The Nigerian stock market extended its losing streak on Thursday as investors lost N958 billion in market value following sustained profit-taking in several medium and large-capitalisation stocks. The market capitalisation declined by 0.64 per cent to close at N149.888 trillion, down from N150.846 trillion recorded in the previous trading session. Similarly, the…
By Seun Ibiyemi The Central Bank of Nigeria (CBN) has directed all banks and other financial institutions to immediately freeze accounts and assets linked to individuals and entities sanctioned for alleged terrorism financing. The directive, contained in a circular issued on Thursday and signed by the CBN’s Director of Compliance, Olubunmi Ayodele-Oni, followed fresh sanctions…
By Seun Ibiyemi The Nigeria Customs Service (NCS), Ogun I Area Command, Idiroko, has seized 146 consignments of contraband goods with a combined Duty Paid Value (DPV) of N4.63 billion between April 1 and June 23, 2026. The Area Comptroller of the Command, Mr. Olukayode Afeni, disclosed this on Wednesday during a press briefing in…
By Seun Ibiyemi eTranzact International Plc has expanded its financial inclusion drive in Ogun State with the deployment of more than 1,000 agents and thousands of PocketMoni terminals across communities in Obafemi Owode Local Government Area. The company disclosed this in a statement issued on Wednesday, noting that the onboarding of agents and deployment of…
