Business

    German airline group Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of its workforce, underscoring the slump gripping Europe’s largest economy.   Lufthansa said the majority of the job cuts would be in Germany and take place by 2030, targeting administrative rather than operational positions. ...

    The National Hajj Commission of Nigeria has announced the approved fares for the 2026 Hajj.   In a statement signed by the management, NAHCON said the announcement followed “due consultations with all the relevant stakeholders, including the Forum of States leadership, and obtaining the approval of the Federal ...

  President Bola Tinubu on Friday arrived in Lagos on a working visit, shortly after attending the coronation of the 44th Olubadan of Ibadanland, Oba Rashidi Ladoja, in Ibadan, the Oyo State capital.   This was contained in a statement on Friday issued by the Special Adviser to the President ...

      The Dangote Petroleum Refinery has announced the suspension of petrol sales in naira, a move that has unsettled marketers and raised fresh concerns about fuel pricing and foreign exchange pressure.   In an email sent to its customers at exactly 6:42 pm on Friday, the refinery disclosed ...

    No fewer than 20 states of the federation borrowed about N458bn in the first half of 2025, findings by Saturday PUNCH have revealed.   This comes against the backdrop of a soaring external debt servicing burden gripping state governments.   Collectively, the states spent about N235.58bn on servicing ...

  The Federal Bureau of Investigation has announced a $10,000 reward for information leading to the arrest and conviction of a Nigerian, Olumide Adebiyi Adediran, wanted in the United States for multiple fraud offences.   According to a statement on the FBI’s website on Wednesday, Adediran faces charges of bank ...

  Nigerian singer, Timi Dakolo, has announced plans to assist parents struggling to pay their children’s school fees as schools reopen for the new 2025/2026 academic session.   In a post on his official X handle on Wednesday, Dakolo acknowledged the financial strain many families face at the start of ...

    The World Bank said seventeen African governments have committed to reforms and actionable plans to expand electricity access as part of Mission 300, an ambitious partnership led by the lender and the African Development Bank Group that aims to connect 300 million Africans to electricity by 2030.   ...

  President Bola Tinubu has directed the Bank of Agriculture to clear outstanding arrears of N30bn owed to agro-dealers and input suppliers under the National Agricultural Growth Scheme and Agro-Pocket.   According to a statement issued on Wednesday by the bank’s External Media Relations Lead, Judith Ekwebelem, the directive followed ...

    The management of Abubakar Tafawa Balewa University, Bauchi, has pledged to adopt financial prudence and academic justice in addressing the institution’s challenges.   The Vice-Chancellor, Professor Ibrahim Garba, gave the assurance when officials of the Senior Staff Association of Nigerian Universities and the Non-Academic Staff Union paid him ...