Business Archives - Page 3 of 23

New Company, Familiar Faces: Questions Mount Over Enugu Airport Concession to Aero Alliance

June 25, 2026

By Investigations Desk The Federal Government’s decision to concession the Akanu Ibiam International Airport, Enugu, to Aero Alliance is being celebrated as a milestone in Nigeria’s aviation reforms. Yet a closer examination of the concessionaire and its principals raises significant questions about transparency, corporate capacity and public accountability. At the centre of the debate is...

SPECIAL REPORT: Enugu Airport Concession Raises Transparency Questions as Newly Registered Company Takes Over Strategic National Asset

June 25, 2026

The Federal Government’s decision to concession the Akanu Ibiam International Airport, Enugu, has been presented as a landmark achievement for the South-East. However, an examination of publicly available records and reports raises important questions about the selected concessionaire, Aero Alliance, and whether Nigerians have been given sufficient information about a 30-year agreement involving one of...

TotalEnergies Shareholders Miss Dividend as Fuel Price War Hits Earnings

June 19, 2026

Shareholders of TotalEnergies Marketing Nigeria Plc have been left without dividend payments for the 2025 financial year after the company reported a significant loss, blaming an intense fuel price war and broader market disruptions for the decline in earnings. The company announced a loss after tax of N13.853 billion for the year ended December 31,...

Mutual Benefits Highlights Nigeria’s Credit Gap, Calls for Stronger Financial Protection

June 18, 2026

Mutual Benefits Assurance Plc has raised concerns over the persistent Nigeria credit gap, noting that only about six percent of adults currently have access to credit through formal financial institutions. The company said improving access to finance remains important, but financial protection measures are equally necessary to help individuals and businesses withstand economic shocks. The...

Over 92% of Personal Pension Accounts Remain Unfunded Despite Inclusion Drive

June 18, 2026

Nigeria’s efforts to expand pension coverage among workers in the informal sector continue to face significant challenges, with new data showing that the majority of registered personal pension accounts remain inactive despite years of enrollment campaigns. According to the National Pension Commission (PenCom), the Personal Pension Plan (PPP), established to bring self-employed individuals, artisans, traders,...

EDITORIAL – ENUGU AIR AND THE $30 BILLION QUESTION

June 17, 2026

The recent interview by the Secretary to the Enugu State Government, published by Punch Newspapers under the headline “Enugu Air, Airport Concession Key to $30bn GDP Target”, deserves careful examination. At first glance, the proposition appears attractive: a state-owned airline and an airport concession serving as catalysts for economic transformation. Upon closer scrutiny, however, the...

FG Releases Only N2.68tn from N54.93tn Road Budget in Three Years

June 17, 2026

Despite committing record sums to road infrastructure development, the Federal Government has released only a small fraction of the funds budgeted for road construction, rehabilitation and maintenance projects over the last three years. Data from the Open Treasury Portal show that Federal road budget releases between 2023 and April 2026 amounted to N2.68 trillion, compared...

TCN Raises Alarm Over Rising Transmission Line Vandalism in Niger State

June 16, 2026

The Transmission Company of Nigeria (TCN) has raised fresh concerns over increasing cases of transmission line vandalism in parts of Niger State, warning that the destruction of critical electricity infrastructure is causing significant financial losses, threatening public safety and disrupting power supply. The company said repeated attacks on transmission facilities in the state have become...

VAT and CIT Revenue Drops to N3.79 Trillion Despite Strong VAT Growth in Q1 2026

June 16, 2026

Nigeria’s VAT and CIT revenue fell to N3.79 trillion in the first quarter of 2026, reflecting a year-on-year decline of 6.2 percent despite a significant rise in Value Added Tax collections during the period. The figures were disclosed by the National Bureau of Statistics in its latest report on Value Added Tax (VAT) and Company...

IMF Economic Prescriptions Spark Debate Among Nigerian Experts

June 13, 2026

The latest IMF economic prescriptions for Nigeria have generated mixed reactions among economists and financial experts, with many disagreeing on recommendations relating to taxation, monetary policy, and economic management. However, several analysts endorsed the International Monetary Fund’s concerns over the Federal Government’s proposed $5 billion loan arrangement with First Abu Dhabi Bank of the United...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

July 28, 2026

Former Edo State Governor and Senator Adams Oshiomhole has criticised the 2027 presidential ambition of Nigeria Democratic Congress (NDC) candidate Peter Obi, describing his promise to transform Nigeria within a single four-year term as unrealistic and driven by desperation. Speaking on Obi’s campaign promises, Oshiomhole questioned the former Anambra governor’s political consistency, arguing that his...

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

July 26, 2026

The Socio-Economic Rights and Accountability Project (SERAP) has instituted legal proceedings against the Nigerian National Petroleum Company Limited (NNPCL) over what it describes as the company’s failure to properly explain ₦211 trillion recorded in its 2023 audited financial statements. The lawsuit, filed before the Federal High Court in Abuja, challenges financial entries listed as “Sundry...

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

July 26, 2026

Security forces have intensified efforts to rescue the Zamfara LG chairman, Hon. Nura Umar Abdullahi, after suspected terrorists abducted him during an overnight attack on his residence in Bungudu Local Government Area of Zamfara State. The Joint Task Force (North West), operating under Operation Fansan Yamma, confirmed in a statement issued on Saturday that the...

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

Kwankwaso Breaks Silence on Peter Obi’s One-Term Promise Ahead of 2027

Latest News

New Company, Familiar Faces: Questions Mount Over Enugu Airport Concession to Aero Alliance

SPECIAL REPORT: Enugu Airport Concession Raises Transparency Questions as Newly Registered Company Takes Over Strategic National Asset

TotalEnergies Shareholders Miss Dividend as Fuel Price War Hits Earnings

Mutual Benefits Highlights Nigeria’s Credit Gap, Calls for Stronger Financial Protection

Over 92% of Personal Pension Accounts Remain Unfunded Despite Inclusion Drive

EDITORIAL – ENUGU AIR AND THE $30 BILLION QUESTION

FG Releases Only N2.68tn from N54.93tn Road Budget in Three Years

TCN Raises Alarm Over Rising Transmission Line Vandalism in Niger State

VAT and CIT Revenue Drops to N3.79 Trillion Despite Strong VAT Growth in Q1 2026

IMF Economic Prescriptions Spark Debate Among Nigerian Experts

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Oshiomhole Attacks Obi, Says Four Years Not Enough to Transform Nigeria

SERAP Drags NNPCL to Court Over Unexplained ₦211 Trillion Entries

Troops Rescue Five Relatives as Search for Abducted Zamfara LG Chairman Intensifies

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