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PenCom Grants Exceptional Waiver for Pension Funds to Invest in Dangote Refinery IPO

May 15, 2026

The National Pension Commission (PenCom) has approved a special regulatory waiver permitting Pension Fund Administrators (PFAs) to invest in the planned Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE, in a rare departure from existing pension investment guidelines. Under

Business News·Top Stories

Insurance Companies With Largest Market Share

May 15, 2026

The top five companies with the largest market share in the insurance industry are AXA Mansard, NEM Insurance, Custodian Investment, AIICO Insurance, and Mutual Benefit. According to the analysis, 12 insurance companies saw an increase in their market share, which was determined

News·Top Stories

Nigerians Flood World Bank Instagram Over Proposed $1.25bn Loan to Nigeria

May 15, 2026

The World Bank has faced a wave of criticism from Nigerians on social media following reports that the Federal Government is seeking a fresh $1.25 billion loan facility from the international financial institution, Prime Business Africa reports. The backlash unfolded largely on

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Alleged N36m Fraud: EFCC Arraigns Blessing CEO in Lagos

May 15, 2026

The Economic and Financial Crimes Commission (EFCC) has arraigned social media influencer and self-styled relationship therapist, Okoro Blessing Nkiruka, popularly known as Blessing CEO, before the Federal High Court in Lagos over an alleged N36 million fraud, Prime Business Africa reports. The

News·Top Stories·World News

Trump, Xi Agree Iran Must Not Obtain Nuclear Weapons, Push for Expanded U.S.-China Economic Cooperation

May 15, 2026

United States President Donald Trump and Chinese President Xi Jinping have agreed that Iran must never acquire nuclear weapons, while also pledging to deepen economic cooperation between both countries following high-level talks in Beijing. According to a White House statement issued after

NCAA Reacts To PBA Article, Says Air Peace Not 'Forced’ To Clarify Alleged Safety Protocol Violation

Business News·Opinion·Top Stories

Air Peace, Bird Strikes and Nigeria’s Dangerous Hate-for-Local Brands Habit

May 15, 2026

When Air Peace grounded a London-bound aircraft after a bird strike last week, it was following textbook aviation safety procedure. But on Nigerian social media, safety looked like sabotage. Within hours, viral videos and celebrity outrage turned a technical disruption into another

News·Security·Top Stories

HURIWA Calls for Uzodinma to Step Aside Over Alleged Attack Near FUTO

May 15, 2026

The Human Rights Writers Association of Nigeria (HURIWA) has called on the Governor of Imo State, Hope Uzodinma, to either resign or temporarily hand over governance to his deputy following Wednesday night’s reported attack around the Federal University of Technology Owerri community.

Business News·Oil & Gas

Shell’s Nigeria Payments Hit $2bn in 2025, Topping Africa in Government Remittances

May 15, 2026

Shell’s operations in Nigeria generated over $2 billion for the federal government in 2025, making the country the oil major’s largest fiscal contributor across Africa, according to the company’s latest payments disclosure. The British energy firm paid $2.02 billion to Nigerian authorities last

Naira Ends Week With N59.71 Gain At Official Market

Business News·Top Stories

Black Market Traders Sell Dollar At N1,390/$, Official Window Records N1,370/$

May 14, 2026

In the black market on Thursday, the United States dollar (USD) traded at N1,390.78 kobo per $1, the same foreign exchange (FX) rate reported on Wednesday, according to parallel market aggregator, Naira Rates. Also, the pound and the euro traded flat in

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Latest

PenCom Grants Exceptional Waiver for Pension Funds to Invest in Dangote Refinery IPO

Insurance Companies With Largest Market Share

Nigerians Flood World Bank Instagram Over Proposed $1.25bn Loan to Nigeria

Alleged N36m Fraud: EFCC Arraigns Blessing CEO in Lagos

Trump, Xi Agree Iran Must Not Obtain Nuclear Weapons, Push for Expanded U.S.-China Economic Cooperation

Air Peace, Bird Strikes and Nigeria’s Dangerous Hate-for-Local Brands Habit

HURIWA Calls for Uzodinma to Step Aside Over Alleged Attack Near FUTO

Shell’s Nigeria Payments Hit $2bn in 2025, Topping Africa in Government Remittances

Black Market Traders Sell Dollar At N1,390/$, Official Window Records N1,370/$

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