Business

PwC flags gaps in new NRS virtual asset

  • 15th August 2026

Nigeria’s exports to China jump 80% to $2.3bn

  • 15th August 2026

Anthropic revenue soars 1,360% ahead of planned IPO

  • 15th August 2026

How to access FG’s ₦5m grant for young

  • 14th August 2026

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UAE oil giant vessel attacked in Strait of Hormuz

Oil and Gas

Agric credit hits ₦3.86trn as oil, gas lending falls

Agribusiness

PwC flags gaps in new NRS virtual asset tax

Business

Bonny Light nears $95 as Middle East tensions persist

Oil and Gas

Blog

Oil and Gas

UAE oil giant vessel attacked in Strait of Hormuz

The United Arab Emirates’ state-owned oil giant ADNOC said Saturday one of its vessels came under attack in the Hormuz strait, the latest incident in the waterway at the centre of the United States-Iran conflict. Tehran has imposed an effective blockade of the strait, a vital shipping route for global energy supplies, carrying out strikes […]

Agribusiness

Agric credit hits ₦3.86trn as oil, gas lending falls

Credit to Nigeria’s agriculture sector rose to N3.86 trillion in March 2026, even as lending to the oil and gas sector fell by N335 billion over the first three months of the year. This is according to the latest Quarterly Statistical Bulletin published by the Central Bank of Nigeria. The CBN data showed that agricultural […]

Business

PwC flags gaps in new NRS virtual asset tax guidelines

PwC Nigeria has identified several areas of ambiguity in the Nigeria Revenue Service’s newly issued Guidelines on the Taxation of Virtual Assets, even as it urged tax payers to brace for the implementation. The firm, in a tax alert titled Taxing the intangible: A critical analysis of the NRS guidelines on taxation of virtual assets, […]

Oil and Gas

Bonny Light nears $95 as Middle East tensions persist

The popular Nigerian crude contract, Bonny Light, approached the $95 per barrel mark amidst heightened market uncertainty driven by persistent geopolitical tensions, particularly in the Middle East and crucial global trade chokepoints such as the Strait of Hormuz. Brent crude prices increased by 6.5 per cent, while European gas prices rose by just under 9 […]

featured Finance

Naira gains ₦5.75 against dollar, closes at ₦1,358.25/$

The naira strengthened by N5.75 against the United States dollar over the week, closing at N1,358.25/$ at the Nigerian Foreign Exchange Market on Friday, according to Central Bank of Nigeria data. The currency had closed the previous week at N1,364/$, meaning Friday’s rate represents a 0.42 per cent appreciation week-on-week. The naira also gained N2.75, […]

Aviation featured

Unions’ picketing of Air Peace sparks safety, security concerns

The decision of aviation unions to picket Nigeria’s largest airline, Air Peace, Tuesday, has elicited sharp criticism from stakeholders in the country’s air transport sector, with many saying the action constituted serious safety and security concerns. Vanguard reported that from the early hours of Tuesday until about noon, members of the National Union of Air […]

Business featured

Nigeria’s exports to China jump 80% to $2.3bn

Nigeria’s exports to China surged by 80 per cent to $2.3 billion in the first half of 2026, driven by China’s expanded zero-tariff policy for African countries and rising demand for Nigerian commodities. Vanguard reported that the increase was disclosed by the Chinese Ambassador to Nigeria, Yu Dunhai, during an international seminar on “China’s Zero-Tariff […]

Business

Anthropic revenue soars 1,360% ahead of planned IPO

Anthropic, the artificial intelligence startup behind the Claude chatbot, has reported a staggering 1,360 per cent surge in quarterly revenue to more than $11.5 billion, highlighting the company’s rapid growth as it prepares for a potential public listing. The figures were reported by Bloomberg News, citing documents shown to prospective investors ahead of the company’s […]

Uncategorized

NUPRC explores crude swap deals to cut costs

The Nigerian Upstream Petroleum Regulatory Commission on Friday disclosed that it is consulting with stakeholders on introducing domestic crude oil and gas swap arrangements to reduce costs and increase the availability of petroleum products in the country. Vanguard reported that a statement by the Commission said its Chief Executive, Mrs. Oritsemeyiwa Eyesan, disclosed this during […]

Business featured

How to access FG’s ₦5m grant for young entrepreneurs

The Federal Government has unveiled a new initiative that will provide up to ₦5 million in non-dilutive funding to selected young Nigerian entrepreneurs. The initiative, known as the NiYA × Cascador Founders Programme, is a partnership between the Nigerian Youth Academy under the Federal Ministry of Youth Development and Cascador. The Minister of Youth Development, […]

News

Ghana police foil bank robbery plot, arrest Nigerian suspect

The Ghana Police Service has foiled an alleged attempt by a robbery gang to attack three banks in the Labone area of Accra. The operation resulted in the killing of two suspected robbers and the arrest of another. The arrested suspect was identified as Augustine Okechuku Maazi. According to the police, intelligence was received at […]

Electricity

Five towers collapse after transmission line sabotage in A’Ibom

Five transmission towers along the Ikot Abasi-Eket 132kV Double Circuit Transmission Line have collapsed following extensive vandalism of the facilities, the Transmission Company of Nigeria has said. According to a statement issued by TCN on Friday in Abuja, the damage was discovered during a routine joint patrol of the transmission line by its linesmen on […]

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