News

May & Baker warns public against fraudulent ‘M&B Equity Stake’ investment scheme

Life & Work, News /

  May & Baker Nigeria Plc has distanced itself from a fraudulent investment scheme known as “M&B Equity Stake”, which is being promoted in the company’s name. The pharmaceutical company warned members of the public to disregard any unauthorised investment solicitation claiming to be affiliated with May & Baker Nigeria Plc. The company disclosed this […]

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Coronation Insurance Reinforces Commitment to Customers with ₦8.3 Billion Claims Payment in H1 2026

Insurance, News /

Demonstrating its unwavering commitment to standing by customers when it matters most, Coronation Insurance Plc paid ₦8.3 billion in gross claims during the first half (H1) of 2026, reaffirming its promise to provide financial protection and peace of mind to individuals and businesses across Nigeria. The impressive claims payout reflects the company’s strong financial capacity,

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Nigeria’s crude oil production hits highest level in over six years, surpasses OPEC quota

Economy, Life & Work, News /

Nigeria’s crude oil production increased to an average of 1.56 million barrels per day (mbpd) in June 2026, recording the country’s highest monthly crude oil output since April 2020. The figures were disclosed by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in a statement published on its official X account. According to the commission, Nigeria

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Flutterwave secures Circle Ventures investment to expand USDC-powered cross-border payments

Economy, News /

Flutterwave has announced a strategic investment from Circle Ventures, the venture capital arm of Circle Internet Group Inc., as the African fintech accelerates its push to integrate stablecoin settlements into its payment infrastructure. The investment follows Flutterwave’s participation in the launch of the Circle Payments Network in 2025 and is aimed at enabling businesses to

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Lekki Phase 1 leads Lagos Island rental growth with 35.9% five-year CAGR

Economy, News /

  Lekki Phase 1 has emerged as the fastest-growing residential rental market on Lagos Island, recording a five-year compound annual growth rate (CAGR) of 35.9%, the highest among the four major prime residential submarkets monitored. This is according to the Lagos Island Residential Market Report 2026 published by Lagos Realty, which tracks residential rental prices,

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Access Holdings Announces Retirement of Former Acting Group CEO Bolaji Agbede

Economy, News /

Access Holdings Plc has announced the retirement of its Executive Director, Business Support, Bolaji Agbede, effective June 30, 2026, following the expiration of her tenure. The development was disclosed in a notice filed with the Nigerian Exchange Limited (NGX), shareholders, and the investing public. The notice was signed by the Company’s Secretary, Sunday Ekwochi, and

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Air Peace CEO Calls for Economic Boycott of South Africa Over Xenophobic Attacks

Corporate, Life & Work, News /

  The founder and Chief Executive Officer of Air Peace, Allen Onyema, has urged Nigerians to stop investing in South Africa and instead channel their investments toward Nigeria in response to renewed xenophobic attacks against foreign nationals, including Nigerians. Speaking during an interview on ARISE News, Onyema argued that economic measures rather than violence should

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EFCC Arrests Nigerian-American Over Alleged $320,000 Vehicle Import Fraud

Economy, News /

The Economic and Financial Crimes Commission (EFCC) has arrested a Nigerian-American, Adegoke Oluwatobi Adams, over an alleged cross-border vehicle import fraud involving more than $320,000, equivalent to approximately N434.88 million. The anti-graft agency disclosed the development in a statement published on its official X account on Friday, June 19, 2026. What the EFCC is alleging

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Federal High Court Orders Deregistration of ADC, Four Other Political Parties

News /

The Federal High Court in Abuja has ordered the deregistration of five political parties, including the African Democratic Congress (ADC), after ruling that they failed to meet constitutional requirements relating to electoral performance in the last general elections. In a judgment delivered on Monday, Justice Peter Lifu directed the Independent National Electoral Commission (INEC) to

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Federal Government Declares June 12 Public Holiday for Democracy Day 2026

Corporate, Life & Work, News /

Overview The Federal Government has declared Friday, June 12, 2026, a public holiday to commemorate Nigeria’s annual Democracy Day celebration. The announcement was made by the Minister of Interior, Olubunmi Tunji-Ojo, through an official statement issued on behalf of the government. Key Details June 12 has been designated as a public holiday to mark Nigeria’s

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