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FIFA proposes $20bn World Cup commercial rights sale

  • 29th July 2026

Oil jumps amid escalating Iran-US tensions in Middle

  • 29th July 2026

NCC, REA partner to cut digital infrastructure costs

  • 29th July 2026

NLNG hits $150bn revenue as global LNG exports

  • 29th July 2026

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FIFA proposes $20bn World Cup commercial rights sale plan

Business

Oil jumps amid escalating Iran-US tensions in Middle East

Business

CBN fines banks N430m over customer complaint failures, regulatory

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NCC, REA partner to cut digital infrastructure costs

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Naira shows slight fluctuations against US dollar in FX markets

The naira traded with slight fluctuations against the United States dollar across the official and parallel foreign exchange markets on Monday, May 18, 2026. Demand pressure for forex persisted during the trading session. Data from the Nigerian Foreign Exchange Market (NFEM) showed the official exchange rate hovering around ₦1,371 per dollar. This was according to […]

SEC to strengthen borrowing regulatory framework in Nigeria
Scams

SEC warns Nigerians against risky unregistered online investment schemes

The Securities and Exchange Commission has warned Nigerians against investing in unregistered online investment schemes being aggressively promoted on social media platforms, cautioning that many of them exhibit characteristics of Ponzi schemes. The warning was contained in a public notice dated May 8, 2026, and published on the Commission’s official communication channels. Several of the […]

Why Nigerian insurance is one of the lowest globally - CPPE
Business

CPPE warns CBN against further interest rate hikes

The Centre for the Promotion of Private Enterprise has cautioned the Central Bank of Nigeria’s Monetary Policy Committee against raising interest rates further, warning that additional tightening could undermine the fragile economic recovery and intensify pressure on businesses and households. The economic advocacy body issued the caution ahead of the MPC’s 305th meeting, where members […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Business

First Bank unveils dual card rollout in partnership with Visa

First Bank of Nigeria Limited has partnered with global payments company Visa to introduce two new products, the Visa Signature Card and the Naira Visa Debit Card, in a dual launch designed to reshape digital payments for different customer segments. The rollout delivers greater payment flexibility, highlighted by the premium Visa Signature Card, which comes […]

featured Investment

Dangote boosts Ethiopia fertiliser investment to over $4bn

The President of Dangote Industries Limited, Aliko Dangote, received a hero’s welcome in Gode, Ethiopia, on a visit tied to his group’s fertiliser plant project in the country. He was hosted by Prime Minister Abiy Ahmed. Both men visited the construction site of the proposed facility on Sunday. Ethiopia signed a shareholders’ agreement with Dangote […]

Business

NAHCO’s revenue hits ₦65.82bn as profit soars 36% despite fuel crisis

Ground handling company, Nigerian Aviation Handling Company, has increased its total revenue by 22.93 per cent from N53.54 billion in 2024 to N65.82 billion in 2025. The company, however, lamented the impact of rising fuel prices on its operations, saying the commodity market had remained challenging. NAHCO said while Profit Before Tax jumped by 29.83 […]

Sugar price hits N835,400 per tonne
Business

Sugar sector can generate one million jobs, boost security — NSDC boss

The Executive Secretary of the National Sugar Development Council, Kamar Bakrin, has said a fully developed sugar industry can create up to one million jobs and address Nigeria’s security challenges by generating rural employment for youths. According to a statement made available to The PUNCH on Sunday, Bakrin made the remarks at a strategic meeting […]

Banking featured

Banks lose trillions yearly to CBN’s high CRR policy — Report

Nigeria’s banking sector may be losing trillions of naira annually due to the Central Bank of Nigeria’s high Cash Reserve Ratio, according to a new report by investment banking and research firm Chapel Hill Denham. The report titled “The Nigerian Banking Paradox: High Returns, Deep Discounts” argued that despite Nigerian banks posting some of the […]

Business

Amazon sued over prices tied to unlawful Trump-era tariffs

Amazon is facing a proposed class-action lawsuit from consumers seeking refunds over higher product prices allegedly driven by tariffs that the United States Supreme Court later ruled were unlawfully imposed by Donald Trump. Filed Friday in a federal court in Seattle, the lawsuit claims the e-commerce giant collected hundreds of millions of dollars in unlawful […]

News

Fire razes plastic factory in Anambra, millions lost

A fire outbreak has destroyed parts of a plastic manufacturing company located along Umuoji Road, Nkpor, in Idemili North Local Government Area of Anambra State, damaging goods and property estimated to be worth millions of naira. The incident, which occurred late Saturday, affected parts of the factory structure, production equipment, raw materials, finished products, and […]

NDLEA laments high rate of drug abuse in Abia
News

NDLEA seizes cocaine opioids en route UK, Australia

The National Drug Law Enforcement Agency has intercepted consignments of cocaine and opioid drugs concealed in cartons and destined for the United Kingdom and Australia, while also destroying 65,000 kilograms of skunk during operations in Delta State. The agency disclosed that the seizures were made on Friday, May 15, 2026, at a courier company in […]

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