Business

Afreximbank, ATDC sign $500m facility to boost African

  • 22nd September 2026

Mutual Benefits shareholders approve ₦802m dividend payout

  • 22nd September 2026

FG threatens coastal highway closure over traffic violations

  • 22nd September 2026

Car imports hit 42.5% rise as FG slashes

  • 22nd September 2026

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CBN cuts interest rate to 23%

featured

Meta’s Muse outpaces ChatGPT in early mobile downloads

Tech

Dangote plans over $10bn investment in Africa’s power sector

Business

UNGA81: Tinubu demands alliance to end Africa’s mineral exploitation

Conferences

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featured

CBN cuts interest rate to 23%

The Monetary Policy Committee of the Central Bank of Nigeria has cut the benchmark interest rate from 26.5 per cent to 23 per cent. CBN Governor Olayemi Cardoso announced the decision on Tuesday at the end of the Monetary Policy Committee’s 307th meeting in Abuja. Cardoso said, “The Committee decided as follows: reset the monetary […]

Tech

Meta’s Muse outpaces ChatGPT in early mobile downloads

Meta’s latest artificial intelligence app, Muse, is showing early signs of strong user adoption, with new data suggesting it could become the social media giant’s next major hit. According to newly released estimates from market intelligence firm Apptopia, Muse recorded more mobile downloads in its first 12 days than ChatGPT did during the first 12 […]

Business

Dangote plans over $10bn investment in Africa’s power sector

Aliko Dangote has disclosed plans to invest more than $10bn in the power sector, describing reliable electricity as critical to Africa’s economic growth. The business mogul made the disclosure during an interview with Al Jazeera on Monday, saying he expects significant transformation across the continent over the next three to four years. “We want to […]

Conferences

UNGA81: Tinubu demands alliance to end Africa’s mineral exploitation

President Bola Tinubu has called for a fresh continental push to end the exploitation of Africa’s critical mineral resources. Tinubu, represented by Vice-President Kashim Shettima, made the call at the third Africa Minerals Strategy Grou High-level Roundtable on Critical Minerals Development in Africa. The roundtable was held on the sidelines of the ongoing 81st Session […]

Business

Afreximbank, ATDC sign $500m facility to boost African trade

The African Export-Import Bank and the Africa Trading and Distribution Company have signed a $500m Global Credit Facility to strengthen the trade, movement and distribution of commodities across Africa and international markets. The facility is expected to support the purchase, aggregation and transportation of African goods, while financing logistics, warehousing, distribution and other activities needed […]

Maritime

Nigeria moves to fully operationalise maritime task force

Nigeria is moving to fully operationalise the Combined Maritime Task Force to strengthen the fight against piracy, crude oil theft, and drug and arms trafficking in the Gulf of Guinea, Chief of Defence Staff, Gen. Olufemi Oluyede, said on Monday. Vanguard reported that Oluyede, represented by the Chief of Defence Policy and Plans, Air Vice […]

Investment

Qatar Charity announces $10m housing investment in Nigeria

Doha-based humanitarian organization Qatar Charity has announced a $10 million investment plan for an integrated housing project in Nigeria. The Abuja integrated housing project forms part of a major effort to scale up sustainable development and social welfare projects across the country. Details of the strategic expansion were finalized during a courtesy visit by Nigeria’s […]

Business

Mutual Benefits shareholders approve ₦802m dividend payout

Shareholders of Mutual Benefits Assurance Plc have approved the declaration of a dividend of 4 kobo per ordinary share of 50 kobo each, amounting to a total dividend payout of N802,464,895.88, payable to shareholders. The unanimous decision was taken at the company’s 30th Annual General Meeting, with shareholders approving all resolutions presented at the meeting, […]

featured Investment

Dangote Refinery IPO gives Nigerians access to world-class business — FCMB boss

Nigerians can invest in Dangote Petroleum Refinery and Petrochemicals FZE with a minimum subscription of N5,250 under an initial public offering launched Monday. The company is offering 4.1 billion ordinary shares at N525 each. FCMB Group Chief Executive, Ladi Balogun, said the offer gives Nigerians access to a world-scale business while demonstrating the growing reach […]

featured Finance

Naira trades at ₦1,329.80/$ in official FX market

The naira recorded different values against the United States dollar across Nigeria’s official Foreign Exchange Market and the parallel market on Tuesday, September 22, 2026. Official data from the Central Bank of Nigeria (CBN) showed that the naira closed at N1,329.80 per dollar at the NFEM on Monday, September 21. This figure represented an improvement […]

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