African airlines surged ahead of global competitors, recording an 8.3% increase in international passenger capacity in August. According to data released by the International Air Transport Association, regional carriers outperformed global aviation trends as total worldwide demand slipped by 0.8%. African…
President Bola Tinubu has announced that the nation has completed its critical structural adjustment phase, ushering in an age of prosperity in Nigeria. Speaking during his national address marking the country’s 66th Independence Day anniversary, the President emphasized that the…
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the retail pump price of Premium Motor Spirit (PMS), commonly known as petrol. A market survey conducted on Wednesday morning confirmed that NNPCL retail outlets across parts of Abuja and adjacent…
Managing Nigeria’s external debt burden has emerged as a central challenge for economic policy under President Bola Tinubu. Official figures show that foreign obligations expanded significantly over the past three years. Consequently, fiscal analysts continue to debate whether this strategy…
The Central Bank of Nigeria has announced that building stronger capital buffers marks just the first step of its wider banking sector recapitalisation reform. Speaking at the 38th Seminar for Finance Correspondents in Abuja, Deputy Governor Dr. Muhammad Sani Abdullahi…
Nigerian industrial conglomerate Dangote Group has assembled nearly 7,000 heavy machinery units under its infrastructure division. Consequently, company executives now claim the conglomerate operates the largest construction fleet in the world managed by a single private entity. Speaking during an…
South African cement manufacturer PPC has issued a strong warning regarding market stability. Specifically, executive leadership cautioned that the rising cheap cement imports threat is severely undermining domestic factories and future industrial investment. According to PPC Chief Executive Officer Matias…
Artificial intelligence giant OpenAI is currently negotiating a massive $30 billion mega-financing package. Furthermore, this upcoming OpenAI funding round at 1.4 trillion valuation marks a historic landmark for the private technology ecosystem. According to financial market sources cited by Bloomberg,…
The Airline Operators of Nigeria (AON)—the trade association representing domestic scheduled, cargo, charter, fixed-wing, and rotary-wing carriers—has resolved to suspend flight operations nationwide if labor union pickets any of its member airlines. The resolution was reached during the association’s general…
Guaranty Trust Holding Company Plc generated GTCO foreign subsidiaries interest income of N262.58 billion across its West African, East African, and United Kingdom banking hubs during the first half of 2026. Official audited financial statements filed with the Nigerian Exchange…
Meta Chief Executive Officer Mark Zuckerberg saw $12.2 billion wiped from his personal net worth on Monday as Meta shares slide on AI spending concerns. Wall Street traders reacted sharply to the tech giant’s multi-billion-dollar capital expenditure plans. According to…
The Federal Ministry of Education has released the final approved textbook list for Nigerian schools spanning the 2026 to 2028 academic cycles. Consequently, education authorities have integrated unique QR tracking codes onto every single approved book cover. This digital tracking…
African airline seat capacity reached 13.89 million across the continent’s ten largest flight markets in September 2026. Official aviation data from OAG reveals that every single one of these top ten countries achieved positive year-on-year growth. Consequently, this collective expansion…
Nigeria’s overall subnational domestic debt growth reached N4.59 trillion at the end of June 2026. Official figures from the Debt Management Office show local obligations increased by N67.57 billion between March and June. Also read NMDPRA increases domestic gas price…
Petrol prices at MRS filling stations supplied by Dangote Refinery have dropped. A market survey conducted by DAILY POST on Monday showed that MRS stations in Abuja reduced their petrol price from N1,395 to N1,370 per litre. The adjustment represents…
