The Financial Reporting Council of Nigeria (FRC) has received the prestigious International Standards on Accounting and Reporting (ISAR) honours from the United Nations Conference on Trade and Development (UNCTAD). On November 13, 2025, Nigeria became the only African country recognized for its outstanding achievements in sustainability reporting and corporate transparency. Recognition for Leadership and Innovation…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria crude production could reach 2.5 million barrels per day (bpd) by 2026. This is achievable through the reactivation of dormant and shut-in oil wells and improved operational efficiency. Project One Million Barrels Boosts Nigeria Crude Production Speaking at the 2025 Energy Correspondents Association of Nigeria (ECAN)…
Air Peace Ltd. has reported $15 million in losses after SmartLynx Airlines withdrew three leased aircraft, which the airline called illegal. The airline said the move disrupted domestic flights, causing delays and cancellations across its network. Lessor Breach Hits Airline Finances and Operations At a press conference in Lagos, Air Peace’s Chief Commercial Officer, Nowel…
The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has welcomed the federal government’s suspension of the planned 15 per cent import duty on petroleum products. He described it as a strategic decision that shields consumers and also supports local production. Suspension Result of Behind-the-Scenes Dialogue Speaking to…
Unionized Starbucks workers launched a strike across the United States on Thursday. They target the company’s Red Cup Day promotion. Over 1,000 baristas participate at 65 stores in more than 25 cities. The action starts on November 13, 2025. Workers choose this busy day to amplify their message. Customers expect free reusable red cups with…
Prince Nduka Obaigbena, Chairman and Editor-in-Chief of THISDAY Media Group and ARISE News Channel, has cautioned that Nigeria risks losing its voice in global media due to the rising influence of artificial intelligence and foreign dominance in digital content and distribution. Speaking at the 21st All Nigeria Editors Conference (ANEC) 2025 in Abuja, Obaigbena highlighted…
The Nigeria Governors’ Forum (NGF) has urged stronger collaboration between state governments and Nigerians in the diaspora. This partnership aims to drive sustainable development and inclusive growth. The call came during the 8th Nigeria Diaspora Investment Summit (NDIS) in Abuja. The summit, themed “Fast-Tracking Regional and National Development by Mobilising Diaspora Investment,” gathered government officials,…
Toyota makes a major announcement as much as $10 billion will be committed to its US operations over the next five years to further solidify local manufacturing and contribute to economic growth. Opening a New Battery PlantToyota opens a $14 billion battery plant in Liberty, North Carolina. This facility starts production and focuses on electric…
Governor Senator Bassey Otu attended the handover ceremony in Calabar. Moreover he described the event as a battle won for all Cross Riverians. Additionally, Otu highlighted the recovery as a rebirth of resilience. Therefore this moment revived a key vision for the state. Officials from AMCON signed the documents. As a result, the resort returned…
The government shutdown strikes Washington’s economy hard. First, it furloughs thousands of federal workers. Additionally, it halts essential aid programs. Immediate Effects on Federal Employees Federal employees face severe hardships. Moreover, about 150,000 workers in the Washington area miss paychecks. Consequently, many dip into savings to cover basics. Furthermore, the shutdown causes a 25 percent…
