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Friday, June 5, 2026

Economy

June 4, 2026

Nigeria, 59 other countries to face 12.5% U.S. tariff increase

The USTR said Nigeria and other countries’ failure to ban the importation of goods produced with forced labour burdened or restricted U.S. commerce.

A cargo ship loaded with shipping containers
June 4, 2026

Dangote Refinery processing capacity hits 700,000 barrels per day

The refinery has played a pivotal role in stabilising fuel supplies in Nigeria.

Dangote Refinery
June 4, 2026

Entrepreneur urges youths to embrace business opportunities, self-reliance

An entrepreneur, Anike Adeniran, has urged Nigerian youths to embrace entrepreneurship and not despise humble beginnings when starting a business.

Nigerian youths
June 4, 2026

Elon Musk’s SpaceX announces $75 billion IPO at $135 per share

If completed, the IPO would be the largest in history, surpassing Saudi Aramco’s $29.4 billion listing.

Elon Musk
June 4, 2026

Customs equips operatives with modern audit techniques

Customs is partnering with the World Bank Group under the Accelerated Revenue Mobilisation Reform Programme to equip its personnel with modern audit techniques.

Apapa Customs
June 4, 2026

Matrix, HealthFair, founder Shahriah Ekbatani agree to multimillion-dollar false-claim allegations settlement

Matrix will pay $36.5 million to resolve claims in a qui tam action filed in the Southern District of New York. HealthFair will pay $5 million, and Ekbatani will pay $15 million.

Community Care Health Network LLC (Matrix Medical Network)
June 3, 2026

Nigeria, other African nations can generate $469 billion in annual revenue without raising tax: AfDB

Africa can unlock more than $469 billion in additional annual revenue without raising statutory tax rates, according to the African Development Bank.

African leaders
June 3, 2026

N4 Trillion Debts: Senate committee, FG to meet over money owed contractors

Finance minister Taiwo Oyedele recently assured local contractors of a transparent, structured payment process for verified claims.

Godswill Akpabio and Taiwo Oyedele
June 3, 2026

Vandals destroy six TCN towers on Apir-Lafia transmission line

Vandals destroyed six transmission towers on the crucial Apir-Lafia transmission line in Nasarawa, causing severe power supply disruptions, TCN said.

Vandalised TCN towers
June 3, 2026

Wholesale, American Fireworks, Pink or Blue to pay $4 million damages over 2020 El Dorado fire

These smoke bombs should never have been sold in California, where they are illegal, a statement by the U.S. Department of Justice said on Tuesday.

Wholesale Fireworks Corp, American Fireworks Wholesale LLC