Business

Afrinvest chief repays Elumelu’s $1m loan after 15 years

The Group Managing Director of Afrinvest (West Africa) Limited, Ike Chioke, has thanked billionaire investor Tony Elumelu for a $1m…

1 week ago

NMDPRA uncovers 90,000-litre tank at Ogun illegal refinery

The illegal refinery uncovered in Ogere Remo, Ogun State, had an underground storage tank with a capacity of over 90,000…

1 week ago

Senate rejects Nigeria Air revival

The Senate has rejected calls to revive the controversial Nigeria Air project, describing further efforts to salvage the failed national…

1 week ago

Uber loses tax appeal, faces $81m bill in Australia

Uber has been ordered to pay $81m in payroll tax to Australia’s New South Wales government after the country’s High…

1 week ago

North Korea denies involvement in $6.3bn Binance cryptocurrency theft

North Korea has denied responsibility for the theft of more than $6.3bn from cryptocurrency exchange Binance, dismissing the United States’…

1 week ago

Nigeria offers 40 oil blocs to global investors

Nigeria is set to offer 40 oil and gas blocs to investors as the Federal Government intensifies efforts to attract…

1 week ago

FG unveils USSD code for loans to Nigerians, targets food, solar purchases

The Federal Government has unveiled a USSD-based consumer credit service that will enable Nigerians to access loans through basic mobile…

1 week ago

Personal borrowing hits N1.99trn amid inflation

Personal loans owed by Nigerians to financial institutions climbed to a record N1.99trn in June 2026, as rising living costs…

2 weeks ago

FG saves N3.56trn as borrowing surges

The Federal Government and other tiers of government saved N3.56trn from Federation Account revenue between January and September 2026, even…

2 weeks ago

Building collapses, fires cost Nigeria N4.6trn in four years – Report

Nigeria lost an estimated N4.6trn to building collapses and fire incidents between 2022 and 2025, as poor construction practices, substandard…

2 weeks ago

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