VFD Group Posts N5.19 Billion PBT in Q1 2026
VFD Group Plc reports N5.19 billion PBT in Q1 2026, a 26% increase year-on-year, driven by disciplined capital deployment and strong investment income growth.
Category : Business
Airport Car Park Not a Garage: Bi-Courtney Explains Tariffs
Bi-Courtney Aviation clarifies that MMA2 car park is for short stays, not long-term parking, after tariff review to discourage misuse.
Meta Shares Plunge 10% as Google Surges on AI Earnings Divergence
Meta shares fell nearly 10% after earnings, while Google soared over 6%. Investors distinguish between Big Tech AI spending strategies.
Nigeria's 2026 budget: ₦15.81tn for debt servicing
Nigeria allocates ₦15.81 trillion for debt servicing in 2026, a major portion of the ₦68.32 trillion budget, raising concerns over fiscal sustainability.
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Cross-Asset Trading Guide for Uncertain Markets
Learn how traders can navigate volatile markets by understanding cross-asset relationships between oil, gold, FX, and equities in 2026.
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University Non-Teaching Staff to Strike Indefinitely Friday
University administrative and non-teaching staff in Nigeria will begin an indefinite strike on Friday after failed negotiations with the federal government over unpaid salaries and welfare issues.
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Tinubu Nominates Joseph Tegbe as New Power Minister
President Bola Ahmed Tinubu nominates fiscal expert Joseph Tegbe as Minister of Power, pending Senate confirmation, to drive reforms and grid stability.
Otu Flags Off 1,000-Unit Housing Scheme for Civil Servants
Governor Bassey Otu of Cross River State has launched a 1,000-unit 'People-First' housing scheme for civil servants in Akpabuyo, aiming to improve welfare and provide affordable homeownership.
Ecuador Starts Fracking in Amazon Rainforest
Ecuador has initiated hydraulic fracturing in the Amazon rainforest for the first time, aiming to boost oil production amid energy shortages and declining output.
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Oil Price Hits $125 Per Barrel, Highest Since 2022
Brent crude briefly reached $125.60, the highest since 2022, driven by US-Iran tensions and UAE's OPEC exit, before easing to $116.50.
Cowpea breakthrough: New lines resist Striga parasite
Researchers develop gene-pyramided cowpea lines with strong resistance to Striga gesnerioides without compromising yield, offering hope for smallholder farmers in sub-Saharan Africa.
NNPC Hikes Petrol Prices to N1,320 in Lagos, N1,364 in Abuja
NNPC raises petrol prices to N1,320 per litre in Lagos and N1,364 in Abuja, citing rising supply costs. Other marketers follow suit.
Bayelsa Pledges Ongoing Support for IFAD/LIFE-ND Projects
Bayelsa Commissioner for Agriculture expresses satisfaction with IFAD/LIFE-ND partnership, urging beneficiaries to use resources wisely to boost food security.
Dangote Refinery Sets Aviation Fuel Price at N1,820
Dangote Refinery fixes aviation fuel gantry price at N1,820 per litre, but airlines still buy at N2,230. Calls for transparency grow as operational costs soar.
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NASENI: Firewood Cooking Fuels Health Crisis in Nigeria
NASENI boss warns that firewood cooking exposes millions, especially women and children, to health risks. Agency launches clean energy programme for 2000 Kano households.
NRC Rolls Out New Train Cleaning SOP, Trains Providers
The Nigerian Railway Corporation introduces a new Standard Operating Procedure for train cleaning to enhance passenger safety, hygiene, and travel experience.
Ogun Governor Unveils E-Waste Strategy for Jobs and Environment
Governor Dapo Abiodun of Ogun State launches a circular economy strategy to convert e-waste into economic value, aiming to create jobs and protect the environment.
Woman Installs 2kVA Solar Inverter, Shares Cost and Message
A Nigerian businesswoman installed a 2kVA solar inverter with 4 panels costing 1.4 million naira, powers two freezers, and advises others to invest amid blackouts.
Telcos Deny Blame for N6.98 USSD Charges on Failed Transactions
Nigerian telecom operators explain they are not liable for N6.98 charges on failed USSD banking transactions, as regulators review the issue amid public outcry.
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Nigerian Man Flaunts N27 Million Solar Power Installation
A Nigerian man showcased a 20kVA inverter and 64kWh battery solar system costing N27.6 million, sparking mixed reactions online over its cost and performance.
NUATE Alleges Mismanagement of Aero Contractors by AMCON
NUATE accuses AMCON of mismanaging Aero Contractors, citing lack of funding and expertise, and calls for government intervention to save the airline.
Lagos, Ogun Have Lowest Petrol Prices in Nigeria March 2026
Lagos and Ogun recorded the lowest petrol prices in Nigeria in March 2026, with the national average rising to N1,288.54 per litre amid global supply disruptions.
Bodex Media Hails Adenuga at 73, Celebrates Legacy
Bodex Media honors billionaire Mike Adenuga on his 73rd birthday, praising his visionary impact on business, telecoms, culture, and philanthropy in Nigeria.
Niger Farmers Buy APC Forms for Bago, Rep for 2027
Farmers in Niger State, under AFAN, have purchased APC nomination forms for Governor Umar Bago and Rep Sa'idu Musa Abdullahi for the 2027 elections, citing agricultural achievements.
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6 Solar Installation Mistakes That Ruin Your System
A Nigerian solar expert reveals six common mistakes users make with solar generators and inverters, including weak batteries and poor ventilation, sparking online reactions.
Flinx Realty Delivers 18th Residential Project in Surulere
Flinx Realty has handed over its Bristol Apartment in Surulere, its 18th residential project since 2020, adding over 400 housing units to its portfolio amid Nigeria's housing deficit.
Zedcrest Securities Boosts Investor Speed and Portfolio Value
Zedcrest Securities helps Nigerian investors act fast with same-day margin lending, share recovery, and expert research to maximize portfolio value.
France Economy Posts Zero Growth in First Quarter
France's economy stalled in Q1 2026 with zero growth due to weak domestic demand and declining exports, surprising analysts who expected modest expansion.
Man Powers AC, 3 TVs, Fridge with 2kVA Solar Inverter
A Nigerian man explains how he runs an air conditioner, refrigerator, and three TVs using a 2kVA solar inverter with a lithium battery, costing ₦1.6 million.
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SABMF Unveils 8-Point Agenda for Rebuilding North
The Sir Ahmadu Bello Memorial Foundation calls for urgent action to rebuild Northern Nigeria's economy, focusing on education, youth, women, and governance through an 8-point agenda.
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