Friday, June 26

Business

Union Bank bags ASBON award

Union Bank of Nigeria has bagged the Best SME Growth Banking Initiatives Award for 2025, reaffirming its reputation as a premier supporter of local commerce. The accolade was presented by the Association of Small Business Owners of Nigeria at the…

Polaris Bank partners to promote wellness initiative

Polaris Bank has announced a strategic partnership with the Cyclotron Cycling Development Initiatives, popularly known as the Cyclotron Club, to amplify its flagship “LiveWell by Polaris” wellness initiative. The collaboration, according to the bank, unveiled on Tuesday at its headquarters…

Crude imports shrink as Dangote, others get 18m barrels locally

Nigeria’s crude oil imports for domestic refining dropped sharply in April 2026, as the Dangote Petroleum Refinery and other local plants received approximately 18 million barrels of crude entirely from domestic sources, according to the Nigerian Midstream and Downstream Petroleum…

NDPHC, NEMSA crack down on substandard electrical installations

The Nigeria Electricity Management Services Agency and the Niger Delta Power Holding Company have intensified efforts to curb the deployment of substandard electrical materials and installations across Nigeria’s power sector as part of moves to improve grid reliability and infrastructure…

Exploit China trade access, ACCI urges manufacturers

The President of the Abuja Chamber of Commerce and Industry, Emeka Obegolu, has described China’s zero-tariff policy for African countries as a major economic opportunity capable of strengthening Nigeria’s export sector, supporting industrialisation, and deepening trade relations between Africa and…

Trump Weighs 250 Pardons as Crypto Founders Push for Clemency

US President Donald Trump is reportedly considering pardoning 250 people to commemorate the country’s 250th birthday on July 4, according to The Wall Street Journal.An official announcement could come on June 14, Trump’s birthday, or during the Independence Day event…

Dangote rejects NNPC offer to increase stake in refinery

The President of the Dangote Group, Alhaji Aliko Dangote, has said the group rejected requests by the Nigerian National Petroleum Company Limited to increase its 7.25 per cent stake in the Dangote Petroleum Refinery. Dangote stated this in an interview…

Bitcoin Firm Nakamoto Records Q1 Net Loss Despite Revenue Boom

Bitcoin company Nakamoto saw a 500% quarter-on-quarter increase in Q1 revenue after completing two key strategic acquisitions in February aimed at expanding its footprint across the Bitcoin ecosystem. Despite recording a $238.8 million net loss, Nakamoto CEO David Bailey said Wednesday…

Apapa Customs warn officers over cargo clearance delays

The Nigeria Customs Service, Apapa Area Command, has urged officers of the command to protect the reputation of the service, warning that delays in cargo clearance by any officer will not be tolerated. The command’s Public Relations Officer, Isah Sulaiman,…

Just 4% of US Considers Crypto in Candidate Choice: Poll

Just 4% of Americans surveyed say they would weigh a political candidate’s stance on crypto policy in deciding who to vote for.Affordable housing, consumer fraud protection and lower bank fees were the top three issues respondents said they wanted Congress…

NIWA intensifies safety drive on Lagos waterways

The National Inland Waterways Authority has intensified its safety awareness campaigns across Lagos waterways as part of efforts to achieve zero boat accidents and improve safety compliance among water transport users. According to a recent statement, the Lagos Area Manager…

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