Business

Uber's Exit Opens New Frontier for Local Tech Alternatives as Stakeholders Weigh In

Global ride-hailing giant Uber’s recent discontinuation of operations in Nigeria after 12 years has ignited intense debate over the vulnerability of foreign-dependent digital platforms and the urgent market opportunity for indigenous tech alternatives.

Worst of Economic Downturn Is Over, Reforms Yielding Results — Tope Fasua

The Special Adviser to the President on Economic Affairs, Tope Fasua, announced during a television interview that ongoing macroeconomic reforms are successfully curbing inflation, stabilizing foreign exchange, and steering the economy toward sustained growth.

Plateau State Orders Immediate Closure of All Schools Over Diphtheria Outbreak

The Plateau State Government has directed the immediate, temporary closure of all public and private primary and secondary schools across the state, effective Monday, September 7, 2026, following a severe outbreak of suspected diphtheria cases.

Nigeria Needs Leaders Committed to Public Good, Not Personal Gains — Tinubu

President Bola Tinubu has challenged public officials and citizens to prioritize institutional development and the common good over personal advancement, speaking at the 70th birthday thanksgiving service of former SGF Boss Mustapha.

Global Bond Market Instability Deepens Amid Middle East Conflict and Rising Deficits

International bond markets are experiencing severe sell-offs and rising borrowing costs, driven by spiralling government deficits and fresh inflationary shocks tied to escalating geopolitical tensions in the Middle East.

Nigeria and International Energy Agency Sign Landmark Joint Work Programme in Abuja to Drive Energy Security and Investment

Nigeria and the International Energy Agency (IEA) sign a landmark Joint Work Programme in Abuja to drive energy security, accelerate clean transitions, and double investments over the next five years.

Dangote Refinery Locks In ₦525 Share Price Ahead of Landmark September IPO Launch

Aliko Dangote locks down a ₦525 share price and a September 14 order book launch for the Dangote Petroleum Refinery's historic $1.5 billion initial public offering, triggering a massive wave of pre-offer positioning across the Nigerian Exchange Group.

Nigerian Banks Report Strongest Quarter Since the Pandemic Recovery

Improved liquidity and rising consumer confidence are driving a turnaround across the banking sector.

Executive Turnover Rises as Boards Push for Faster Growth

Companies are placing greater pressure on leadership teams as boards demand faster execution and stronger financial performance.

Retail Chains Bet on Smaller Footprints in a Post-Mall Economy

Retailers are experimenting with smaller stores designed around convenience, neighborhood access and online shopping.