BUSINESS
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John Ternus Set to Replace Tim Cook as Apple CEO — A New Era for the Tech Giant
In what could become one of the most significant leadership transitions in modern tech history, John Ternus is reportedly being…
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Meta to Cut 8,000 Jobs May 20 in First Wave of 2026 Layoffs, More Expected Later This Year
Meta will begin sweeping layoffs on Wednesday, May 20, cutting about 10% of its global workforce, close to 8,000 employees,…
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MTN Pulls Plug on Xtratime as New Rules Shake Up Digital Lending
MTN Nigeria Communications Plc has announced the temporary suspension of its Xtratime service, following fresh regulatory requirements introduced by the…
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Lagos Rail Upgrade: Sanwo-Olu Unveils New Trains to Transform Daily Commute
Lagos is taking a major step toward fixing its transport headaches as brand-new trains arrive to boost the State’s rail…
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POS Operators Revolt Against CBN’s One-Terminal Rule Over Business Fears
*LAGOS* — Tension is brewing in Nigeria’s fast-growing POS business as operators push back against a new regulation from the…
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89 Nigerian Banks Face Final Shutdown as NDIC Moves In To Dissolve Defunct Institutions
ABUJA — The Nigeria Deposit Insurance Corporation has confirmed that *NDIC shuts down Nigerian banks* this week as it begins…
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Air Travel Chaos Looms As Nigerian Airlines Threaten Shutdown Over Jet Fuel Crisis
LAGOS— Nigeria’s aviation industry could face major disruption from April 20, 2026, as domestic airlines threaten to ground all aircraft…
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Nigeria, Morocco Move to Seal $25bn Mega Gas Pipeline Across West Africa
ABUJA— Nigeria is preparing to sign a $25 billion intergovernmental agreement with Morocco for a massive transcontinental gas pipeline project…
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Ecobank Posts Massive ₦1.21 Trillion Profit as Deposits Surge to ₦36.4 Trillion.
Pan-African banking giant, Ecobank Transnational Incorporated, has posted a remarkable financial performance, reporting a pretax profit of ₦1.21 trillion for…
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Fintiri Backs Education, Youth Skills to Fight Insecurity
Governor Ahmadu Umaru Fintiri pledged additional funds for education and youth skills development on Monday. He said the move will…
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