Latest news

Latest News

NAHCO Aims for N300 Billion Revenue by 2029

Nigerian Aviation Handling Company Plc has set a five-year revenue target of N300bn as part of its plan to expand operations and diversify its business portfolio. The group, a provider of aviation ground handling and logistics services in Nigeria and West Africa, aims to grow its turnover from N53.54bn in 2024 to N300bn by 2029...
Read more

Political Interference Cripples Nigeria’s Refineries – PENGA

The Petroleum and Natural Gas Senior Staff Association of Nigeria has reiterated that Nigeria’s moribund refineries can only function optimally if the Federal Government ends political interference in the state-owned assets. The union argued that years of political interference had crippled refinery operations, stressing that the only solution is for the government to divest and...
Read more

Lagos Drives 24% of SAA Cargo’s Business Growth

Lagos now accounts for approximately 24 per cent of South African Airways Cargo’s global load factor, making Nigeria a crucial part of the airline’s international freight network. Speaking at the SAA Cargo Customer Engagement Forum held in Lagos on Wednesday, the Manager of SAA Cargo Worldwide, Mr Kekeletso Mokwena, expressed the management’s gratitude to the...
Read more

Enugu Threatens Sanction Over MainPower Tariff Breach

The Enugu State Electricity Regulatory Commission has accused Mainpower Electricity Distribution Company Limited of violating its tariff order. In a public notice, the commission stated that it has come to its attention that Mainpower Electricity Distribution Company Limited has reverted to charging its Band A customers N209.50/kWh as against the commission’s order of 160.40/kWh. The...
Read more

Customs Seize Exotic Cars, Rice Worth N1.4bn in Smuggling Cr

The Nigeria Customs Service, Ogun 1 Area Command, has seized contraband worth N1,401,531,923.95 in a bid to combat smuggling and protect the nation’s economy and security. The seized items include three exotic cars, 4424 bags of foreign parboiled rice, 1936 parcels of cannabis sativa, and 105 used tyres. The Ogun 1 Area Command Controller, Comptroller...
Read more

NCAA Probes Ibom Air Crew-Passenger Altercation

The Nigerian Civil Aviation Authority has commenced a formal investigation into the recent altercation between Comfort Emanson, a passenger, and members of the Ibom Air crew. As part of the ongoing probe, NCAA officials met on Wednesday in Abuja with Julie Edwards, a crew member accused of masterminding the passengers’ ordeal and other crew members...
Read more

Nigeria to Raise ₦200bn in Bond Auction

The Debt Management Office on Thursday announced an offering of N200bn savings bonds. According to the offer document on its website, one of the bonds was a reopening of the June 2032 bond with the coupon rate of 17.95 per cent. The new five-year bond, FGN AUG 2030 of N100bn, doesn’t have a coupon rate...
Read more

Nigeria’s Forex Reserves Hit $41B, 44-Month High

Nigeria’s foreign exchange reserves rose to $41bn on August 19, 2025, the highest level recorded in 44 months, according to data from the Central Bank of Nigeria. This marks the highest level since December 3, 2021, and signals a significant recovery following months of depletion, mainly due to pressure from external debt repayments. The reserves...
Read more

Fadaella Unveils Premium Chocolate Line, Best Chocs, in Nige

Fadaella Foods Ltd, makers of the pioneering Fadaella Oatmilk Biscuits, has unveiled a premium chocolate line, branded ‘Fadaella Best Chocs’, to mark the eighth anniversary of its flagship biscuit in Nigeria, deepening its play in the snack market. The new premium brand launches in four variants: chocolate, coffee, white chocolate, and strawberry, and is already...
Read more

Gen Z to Dominate AI Trading by 2028

Global cryptocurrency trading platform, MEXC, has projected that by 2028, over 80 per cent of Gen Z traders will hand over complete control of their portfolios to artificial intelligence. The firm also forecast that the global AI trading platform market would exceed $69bn by 2034. Chief Executive Officer of MEXC Global Exchange, John Chen, disclosed...
Read more
1 74 75 76 77 78 256

Must Read

Popular Posts

I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...