High Liner Foods is set to be acquired by Umios in a transaction valued at $804 million.
food & beverage • CBC NewsThe UK's Business Secretary has contacted the owner of Poundland amid growing concerns about the company's potential administration.
retail • The GuardianMTN has cautioned its Nigerian customers to manage their data usage in response to the economic impact of President Tinubu's policies.
telecommunications • Peoples GazetteIn a move expected to ease the burden on traders, 21 Nigerian states have passed harmonized tax laws aimed at eliminating multiple and illegal levies.
government • Legit.ng NewsMicrosoft has extended a voluntary buyout offer to approximately 60,000 of its employees globally.
technology • CBC NewsTranscorp Group announced a profit before tax of ₦111.4 billion for the first nine months of 2026, indicating improved margins and a stronger balance sheet.
business • NairametricsEnergy giants TotalEnergies and Eni have divested their oil assets in Nigeria, selling them to Vaaris and Apex.
energy • The Sun News, NigeriaThe US Federal Reserve has decided to maintain current interest rates, keeping them steady in its final policy meeting before the midterm elections.
finance • The GuardianNeveah Limited has successfully repaid ₦23.33 billion across five commercial paper series, signaling strengthened investor confidence and paving the way for further expansion.
finance • Legit.ng NewsThe Nigerian Federal Government has launched a new economic policy framework aimed at fostering policy consistency and boosting investor confidence.
business • NairametricsUnited Bank for Africa (UBA) is aggressively pursuing the recovery of N61 billion in loans and is seeking jail sentences for directors of WEMPCO.
finance • NairametricsThe Federal Government has boosted Nigeria's electricity transmission capacity by 640MW through the commissioning of six substations in Kano and Katsina states.
energy • The Sun News, NigeriaAlhaji Aliko Dangote, Nigeria's prominent businessman, is reportedly reshaping the narrative of the oil industry in Africa.
business • NairametricsThe Central Bank of Nigeria (CBN) has reiterated its firm stance on the January 1, 2027 deadline for banks and other regulated financial institutions to localize critical payment transaction data.
finance • The Nation NewspaperWestJet has announced a new code-share partnership agreement with Qatar Airways, expanding its network and offerings.
aviation • CBC NewsThe price of cooking gas in Nigeria has seen a significant increase, reaching N1,400 per kilogram, prompting concerns among consumers.
energy • Legit.ng NewsThe Tax Ombudsman has expanded its services by taking complaint resolution initiatives to the grassroots level across Nigeria.
government • The Nation, NigeriaNigeria's local petrol production has surpassed 12 billion litres, while imports reached 7.67 billion litres over a 13-month period.
energy • ThisDay LiveArtificial intelligence company Anthropic is reportedly preparing for what could be the largest Initial Public Offering (IPO) in history, despite its CEO raising concerns about the existential risks of AI.
technology • CBC NewsMondelez International, the owner of Toblerone, has initiated legal action against a British vegan chocolate brand, alleging infringement over a chunky shape design.
food & beverage • The Guardian