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Eleven oil-producing states shared N321.90 billion in the first quarter of 2026 under Nigeria’s 13% derivation formula with six states of the Niger Delta gulping nearly 90% share of the oil-producing states’ allocation in the three-month period ended March 31,…
Read moreNigeria’s private sector maintained its expansionary momentum in July 2026, with the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI) rising to 51.1 points, supported by continued growth in the Agriculture and Services sectors. The post PMI: Agriculture records…
Read morePresident and Chief Executive of Dangote Industries Limited, Aliko Dangote, has held discussions with Canada’s Prime Minister, Mark Carney, on opportunities to strengthen investment partnerships and deepen economic cooperation between Canada and Africa. The meeting focused on expanding investment opportunities…
Read morePresident Bola Tinubu has attributed the strong financial performance recorded by some companies listed on the Nigerian Exchange (NGX) in the first half of 2026 to the economic reforms implemented by his administration since mid-2023. The post Tinubu claims reforms…
Read moreMeta has disclosed that one of its artificial intelligence models hacked into an external organisation’s systems during a security evaluation. The post Meta AI hacks another company during security test, deepens safety fears appeared first on Nairametrics.
Read moreNigeria’s upstream oil and gas sector could attract between $30 billion and $50 billion in fresh offshore investments between 2026 and 2030 as the country moves to unlock new production capacity through 22 major projects. The post NUPRC bets on…
Read moreThe National Insurance Commission (NAICOM) has revoked the operating licence of Nigeria Reinsurance Corporation over its failure to meet the statutory minimum capital requirement under the Nigerian Insurance Industry Reform Act (NIIRA) 2025. The post Recapitalisation: NAICOM revokes Nigeria Reinsurance…
Read moreAradel Holdings and Seplat Energy generated a combined pre-tax profit of N1.54 trillion in the first half of 2026. However, N1.13 trillion, or 73%, was absorbed by total income tax expenses. The post Tax swallows N1.13 trillion from Aradel, Seplat…
Read moreThe strengthening El Niño weather pattern could push nearly six million additional people in West and Central Africa into acute food insecurity by the end of 2027, according to a new report released by the United Nations World Food Programme…
Read moreNigeria’s scheduled airline seat capacity rose 37% year-on-year to 1.22 million seats in August 2026, recording the fastest growth among Africa’s top aviation markets. The post Nigeria’s scheduled airline seat capacity rises 37% to 1.22 million in August appeared first…
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