Business

South-West Records Highest Cost of Healthy Diet, North-West Lowest – NBS

A recent report by the National Bureau of Statistics (NBS) has revealed that the South-West zone has the highest average cost of a healthy diet (CoHD) at ₦1,545 per…

August 14, 2025

Business

GTBank Denies Website Hack, Blames Connectivity Issue

Guaranty Trust Bank (GTBank) has denied reports that its website was seized by hackers, describing the claims as "entirely false." The bank's website was inaccessible on Wednesday night, sparking…

August 14, 2025

Business

Economy Gets N1.1trn Boost As 75 Firms, MSMES Benefit From Loans

The Federal Government has announced a massive financial support package to reflate the economy, with 75 major companies and Micro, Small and Medium Enterprises (MSMEs) set to benefit…

August 14, 2025

Business

Breakthrough in Mosquito Identification: AI-Powered App VectorCam Leads Way

In the fight against malaria, a new AI-powered app called VectorCam has been shown to accurately identify mosquito species in a matter of seconds. Developed by Dr Soumya Acharya and…

August 14, 2025

Business

CBN Sacks NIRSAL Executives

The Central Bank of Nigeria (CBN) has terminated the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL), as part of…

August 14, 2025

Business

Oil Theft Hits Epic Proportions: 188 Cases Recorded in One Week – NNPC

The Nigerian National Petroleum Company Limited (NNPC) has revealed that an alarming 188 incidents of oil theft were recorded across various locations in the Niger Delta region within…

August 14, 2025

Business

NERC Slams AEDC with ₦1.69bn Fine for Overbilling Customers

The Nigerian Electricity Regulatory Commission (NERC) has imposed a hefty fine of ₦1.69 billion on Abuja Electricity Distribution Company (AEDC) for overbilling its customers. According to NERC's September 2024 Supplementary…

August 14, 2025

Business

PZ Cussons to Sell African Subsidiaries over Naira Fall, Forex Challenges

PZ Cussons, a British multinational consumer goods company, has announced plans to sell its African subsidiaries due to foreign exchange challenges. PZ Cussons cited a 70 per cent devaluation of…

August 14, 2025

Business

Naira-for-Crude Deal Delayed as Officials Keep Mum

Despite assurances from government officials, the naira-for-crude oil agreement between the Nigerian National Petroleum Company Limited (NNPC) and Dangote Petroleum Refinery has yet to be implemented as of October 3,…

August 14, 2025

Business

NCC Completes NIN-SIM Linkage for All Phone Numbers

The Nigerian Communications Commission (NCC) has announced the successful completion of linking all phone numbers in the country to a National Identification Number (NIN). This significant milestone was revealed…

August 14, 2025