For drivers who built their livelihoods around Uber, Wednesday’s announcement that the ride-hailing company would leave Nigeria landed as a personal shock. Mezie, a driver who has worked with the platform for several years, said he was surprised when the company’s email announcin...
Royal Exchange Plc has appointed Dr. Geoffrey C. Ohen as a Non-Executive Director of the company, effective July 23, 2026. The post Royal Exchange appoints Geoffrey Ohen as Non-Executive Director appeared first on Nairametrics ....
The Nigerian National Petroleum Company Limited, NNPCL, recorded a significant decline in revenue and profit after tax, PAT, in July 2026, amid lower crude oil sales and production. The state-owned oil company disclosed this in its monthly financial and operational report release...
Uber announces the shutdown of its Nigerian operations, effective September 2, 2026. Learn why the ride-hailing giant is exiting the Nigerian market. Read More: https://punchng.com/uber-shuts-down-nigerian-operations-after-business-review/...
But the ride-hailing company said the decision to exit Nigeria is unrelated to the recent FAAN directive concerning e-hailing operations at Nigerian airports. The post Uber exits Nigeria after 12 years of operation appeared first on Premium Times Nigeria ....
Uber, the US-based ride-hailing company that operates in eight African countries, is winding down its operations in Nigeria, marking its exit after twelve years. “We are writing to share some difficult news,” Uber said in an email to customers on Wednesday. “After a thorough revi...
By Sekinat Osundiji Ride-hailing company Uber is set to wind down its operations in Nigeria effective Wednesday, September 2, 2026, bringing an end to its 12-year presence in the country. The company announced the decision in an email to users, saying it followed a “thorough revi...
A global ride-hailing company, Uber, has announced plans to exit Nigeria, effective September 2, 2026. The development is coming after 12 years of operation in Nigeria. Uber made the announcement in a statement on Wednesday. “We are writing to share some difficult news. After a t...
Global ride-hailing company Uber has announced plans to wind down its operations in Nigeria and Uganda, effective Wednesday, September 2, 2026. The post Uber shuts down operations in Nigeria, Uganda appeared first on Nairametrics ....
By Obas Esiedesa, Abuja The Nigerian National Petroleum Company Limited (NNPC Ltd.) recorded a sharp decline in profitability in July 2026, with profit after tax (PAT) falling to N279 billion from N535 billion in June, amid lower revenue and declines in crude oil and natural gas ...
The company said its appointment comes as it enters a new phase of growth and transformation. The post Champion Breweries appoints Malolan Sampath as MD/CEO appeared first on Premium Times Nigeria ....
In today’s Nigerian newspapers review programme, Today in the News, Vanguard leads with President Bola Tinubu saying the northern region is the biggest beneficiary of his economic reforms. Another headline features a likely rise in the price of Premium Motor Spirit (PMS), also kn...
Sunbeth Global Concepts (SGC), Nigeria’s leading agro-commodities exporter, has launched its inaugural 2025 Sustainability Report, becoming the first agricultural company in Nigeria, across both the public and private sectors, to voluntarily adopt the IFRS S1 and S2 Sustainabilit...
Credit to Nigeria’s private sector increased by about N2.84 trillion between April and July 2026, reaching N83.43 trillion in July from N80.59 trillion in April. The post Businesses borrow more as private sector credit swells to N83.43 trillion appeared first on Nairametrics ....
Cascador, a Nigeria-focused platform for growth-stage entrepreneurs, has selected 10 Nigerian companies for its 2026 ScaleUp Program, a 12-week accelerator focused on helping businesses sharpen their strategy and prepare for their next stage of growth. The selected companies oper...
Nigeria’s growing business and creative economy has gained a new storytelling platform with the launch of the Nigerian edition of Kolo Magazine, a Pan-African publication seeking to connect the country’s entrepreneurs, executives, creatives and emerging talents with audiences at ...
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a profit after tax (PAT) of N279 billion in July 2026, representing a 47.9% decline from the N535 billion recorded in June. The post NNPC profit falls 47.9% to N279 billion in July amid lower crude and gas output...
In partnership with Lire en Français اقرأ هذا باللغة العربية Good morning. Editor’s note: Yesterday’s TC Daily subject line, “Paystack cuts the Allawee,” was intended as a pun but may have suggested that Allawee had shut down. To clarify, Allawee, the Nigerian c...
President Tinubu defends his administration’s economic reforms, aiming for a $1tn economy by 2030, as Atiku Abubakar faults the policies’ impact on Nigeria Read More: https://punchng.com/tinubu-defends-reforms-as-atiku-faults-economic-policies/...
VP Shettima emphasizes reliable financial reporting is crucial for Nigeria’s economic stability and investor confidence. Learn about FRC’s role in transpar Read More: https://punchng.com/reliable-financial-reporting-crucial-to-nigerias-economic-stability-vp/...
Governor Lawal spoke on how states compete for increasingly selective private capital and what distinguishes an economic opportunity from an investable proposition. The post Gov Lawal speaks at 2026 CEO Forum on unlocking investments in Zamfara appeared first on Premium Times Nig...
The Ooni of Ife, Oba Adeyeye Ogunwusi, has said President Bola Tinubu intends to end poverty in Nigeria through his economic policies. The Ooni said some of the policies implemented by Tinubu’s administration have helped to revamp Nigeria’s economy. The monarch spoke at his palac...
Rivers State Governor Fubara pledges sustained partnership with the Nigerian Army to protect critical assets and curb economic sabotage in Rivers. Read More: https://punchng.com/fubara-pledges-sustained-partnership-with-army-to-tackle-economic-sabotage/...
An official said no fatality had been recorded in the incident. The post Two-storey building collapses in Anambra appeared first on Premium Times Nigeria ....
Nigeria calls on ECOWAS leadership to intensify engagement with AES countries (Burkina Faso, Mali, Niger) to foster peace, security, and economic integrati Read More: https://punchng.com/nigeria-urges-ecowas-to-re-engage-aes-countries/...
Lagos has a homeownership rate of 31%, with 51% of residents living in rented accommodation, according to a report by Fortren & Company. The post Only 31% of Lagos residents own homes as rents surge—Report appeared first on Nairametrics ....
Rivers State Governor Siminalayi Fubara has pledged the state government’s continued support for the Nigerian Army and other security agencies to protect critical assets and infrastructure from criminals and vandals. Governor Fubara made the commitment when the newly appoin...
Pivot Integrated Energy Services Limited has secured N100.08 billion from its maiden Commercial Paper (CP) issuance, marking the company’s first entry into Nigeria’s debt capital market. The post Pivot Integrated Energy secures N100 billion in oversubscribed maiden Commercial Pap...
Four members of the same family died and four others were rescued after a three-storey building collapsed at Popo Giwa in Ilorin, Kwara State, on Tuesday morning. The post Four family members die in Kwara building collapse appeared first on Premium Times Nigeria ....
Nigeria’s private sector recorded its strongest improvement in business conditions in 29 months in August 2026, driven by a surge in new orders, stronger output and improved customer demand. The post Nigeria’s private sector growth hits 29-month high at 54.3 – Report appeared fir...
Consider Comfort Okon, who has sold frozen fish and stockfish from the same corner stall in Onitsha’s main market for thirteen years, and who keeps a small transistor radio propped against a bag of crayfish for company through the slow hours of the afternoon. In the last full wee...
North, biggest beneficiary of my economic reforms’ By Omeiza Ajayi ABUJA: President Bola Tinubu and his ruling All Progressives Congress APC have restated that the removal of fuel subsidy by his administration was a difficult but necessary decision that redirected national resour...
President Tinubu states economic reforms are putting Nigeria on track for a $1tn economy by 2030, despite current challenges. Learn about the key reforms. Read More: https://punchng.com/reforms-have-put-nigeria-on-path-to-1tn-economy-tinubu/...
For small businesses and local investors, the useful questions are simpler. Is this good for Nigeria? Will it help a shop in Aba or a processor in Kaduna in any real way? The post Moody’s turns positive on Nigeria: What it means for SMEs and investors appeared first on Nairametri...
NSIA Insurance Ltd. has announced plans to operate exclusively as a non-life insurance company following the transfer of its life insurance portfolio to CHI Life Assurance Ltd. The post NSIA Insurance exits life business, transfers portfolio to CHI Life appeared first on Nairamet...
Allawee, a Nigerian card-issuing fintech, will close its business and personal account services on December 1, 2026, after Paystack acquired the company in 2025 in a deal that was not publicly announced, according to emails sent to Allawee customers. In two emails seen by TechCab...
This is Follow the Money , our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. When you buy cryptocurrencies such as Bitcoin or Ether on a local ex...
Recent coverage curated from local and regional sources.
By Dickson Omobola Former National Chairman of the African Democratic Congress, ADC, Ralph Nwosu, Wednesday, insisted that President Bola Ti…
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN and the Independent Petroleum Marketers Association of Nigeria,…
The Nigerian Navy’s Onitsha Command handed over 19 bags of seized cannabis to NDLEA in Anambra, recovered during intelligence-led operations…
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has appealed to the Federal Government to intervene in the operations of …
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN and the Independent Petroleum Marketers Association of Nigeria,…
The Nigerian Navy said it has recorded another significant operational gain in its ongoing efforts against crude oil theft and illegal refin…
Vice President Kashim Shettima, turning 60, asks Nigerians to channel birthday gifts to charity and those in need, emphasizing generosity an…
United States striker Folarin Balogun’s £40 million ($54 million) move to Everton from Monaco collapsed hours before the transfe…
The Teachers Registration Council of Nigeria (TRCN) has warned teachers, school owners and prospective applicants against falling victim to …
A 68-year-old British woman, Dawn Ottewell, has spoken about her ordeal after her 31-year-old Nigerian husband, Bright Emokpae, allegedly di…
Minister of the Federal Capital Territory (FCT) Nyesom Wike has opened up about his absence at the 2026 Nigerian Bar Association (NBA) Annua…
The Minister of the Federal Capital Territory, FCT, Nyesom Wike, has said he may never recover from the shock of the death of his political …
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