Business

International Energy Insurance shareholders have approved a ₦17.5bn recapitalisation plan as the insurer positions for stronger capital compliance and underwriting capacity.

Reporting by Punch indicates private depot operators in Lagos have raised the ex‑depot price of petrol toward ₦800 per litre, a move that could ripple into higher retail pump prices if sustained. Traders and logistics pl…

Customs and NDLEA seize 30.1kg of cocaine from a Marshall Islands vessel at Apapa Port.

EV adoption in Nigeria hits a 400% growth rate over five years driven by fuel costs and green policy.

Analysts project AI will drive real-time risk pricing and fraud detection in Nigeria's 2026 banking sector.

The Nigerian Naira opened 2026 with a 0.34% gain against the dollar, trading at N1,430.84 following CBN reforms.

FirstBank hits N500bn capital target; Femi Otedola credits Tinubu and Cardoso's reforms.

Reporting carried via Africa Newsroom says Africa Finance Corporation (AFC) served as co-financial adviser on Angola’s Lobito Atlantic Railway concession, linked to a major financing package to scale corridor capacity.

In an update published via Africa Newsroom, ICD announced a USD 20 million Shariah-compliant medium-term facility to help expand a Jordan-based non-woven fabrics manufacturer with new Spunlace technology.

In a New Year message carried via Africa Newsroom, Alexa News Network founder Jokpeme Joseph Omode urged audiences to approach 2026 with resilience and empathy, while reaffirming commitments around inclusive, credible reporting.