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Nigeria’s IMTO inflows surge 45% to record $1.29bn

  • 19th August 2026

NSDC mobilises $1bn for sugar self-sufficiency

  • 18th August 2026

NAFEM turnover hits $1.41bn, highest in weeks

  • 18th August 2026

US states seek major changes as Meta child

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Nigeria’s IMTO inflows surge 45% to record $1.29bn in

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NERC gives Kaduna DisCo 12 months to restore growth

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MultiChoice denies DStv, GOtv subscription prices claims
News

Multichoice ignores court order, continues with DSTV, Gotv subscription hike

Pay TV provider, Multichoice Nigeria has proceeded with its plans to increase prices for DStv and GOtv subscribers, despite a recent court ruling temporarily prohibiting such actions. The company announced on April 24th its intention to hike prices for its cable services, effective from May 1st. However, a competition and consumer protection tribunal in Abuja […]

Ex-Binance CEO sentenced to four months in jail
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Ex-Binance CEO sentenced to four months in jail

The founder of Binance, Changpeng Zhao, has been sentenced to four months in a U.S. prison. This verdict came after Zhao pleaded guilty to charges related to money laundering, marking one of the most high-profile cases in the crypto world since the incarceration of Sam Bankman-Fried. Acknowledging Zhao’s acknowledgment of his misdeeds, U.S. District Judge […]

TikTok removes more Universal Music songs as conflict worsens
Tech

US immigration agents interrogate TikTok employees

Alex omenye Over 30 TikTok employees attempting to enter the U.S. have encountered border stops and faced similar inquiries from Customs and Border Protection. Many of these employees, predominantly Chinese nationals, hold positions within ByteDance and TikTok across various roles, including data engineering and machine learning, Forbes reported. The CBP’s queries have centered on TikTok’s […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

FG approves salary increase for civil servants

The Federal Government has approved the increment of between 25% and 35% in salary for Civil Servants on the remaining six Consolidated Salary Structures. This was disclosed by the federal government in a post on the X handle of NTA on Tuesday. In the post, the Head of Press, National Salaries, Incomes and Wages Commission […]

News

FG to amend national tax policy

FG to amend national tax policy – Oyedelehe chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has revealed the Amendment plans for changes to national tax policies. This disclosure was made by Oyedele via a post on his official X account on Tuesday. Oyedele said the amendment was part […]

Crypto

Binance fugitive Anjarwalla’s extradition on course – Interpol

The Vice-President of the International Criminal Police Organisation for Africa, Garba Umar, has said that Interpol was immediately notified of Nadeem Anjarwalla’s escape and coordinated efforts were made to locate him in 196 countries. This disclosure was made by Umar on Channels TV on Tuesday. Umar outlined the process of extradition in detail, emphasising the […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

FG unlocks $10bn investment in oil, gas

President Bola Tinubu announced that he had signed an executive order to unlock up to $10 billion of new investments in Nigeria’s oil and gas sector. This was disclosed by the President in his speech, at the opening of a two-day retreat on economic transformation and development organised by the House of Representatives, on Tuesday, […]

News

Opay reassures customers of funds security

Opay, a leading fintech bank in Nigeria has urged their customers to remain calm reassuring them that their funds are safe and sound. This was disclosed by Opay via their official X handle on Tuesday. This follows the Central Bank of Nigeria’s directive of stopping at least four fintech banks from new account openings for […]

Electricity

Halt electricity tariff hike enforcement, Reps tell NERC

The House of Representatives has asked the Nigerian Electricity Regulatory Commission to refrain from introducing a new increment tariff in respect of Band A customers. This was disclosed during a plenary session on Tuesday by the lower chamber. According to them, the resolution followed the adoption of a motion of urgent public importance by Kama […]

Kaduna refinery to resume 60% production December – NNPCL
News

Kaduna refinery to resume 60% production December – NNPCL

The management of the Nigerian National Petroleum Company Limited has announced that the rehabilitation of the Kaduna Refining and Petrochemicals Company will be finalized by the close of 2024, following years of closure due to maintenance neglect. Mustafa Sugungun, the Managing Director of KRPC, made this revelation during a Monday oversight visit to the refinery […]

News

Cocoa price drop 26% amid increase in Nigeria’s output

Cocoa prices have recently experienced a significant decline by 26%, driven primarily by a surge in output from Nigeria coupled with abundant rainfall. Nigeria, ranking as the world’s fifth largest cocoa producer, reported a noteworthy 19% year-on-year increase in its March cocoa exports, totaling 22,199 metric tonnes, according to nairametrics. Following a period of record […]

UAC Nigeria reports N25.8bn pre-tax profit for 2024
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UAC Nigeria reports N9.030bn pre-tax profit in Q1 2024

UAC of Nigeria Plc has unveiled a remarkable financial performance for the first quarter ending March 31, 2024. The company reported an astounding pre-tax profit of N9.030 billion, showcasing an extraordinary 1,064% year-on-year increase. This surge in profitability is indicative of the company’s robust operational capabilities and strategic initiatives. Examining the unaudited condensed consolidated financial […]

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