Business

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

Business

Blog

Sterling Holdings reports 102% 2024 profit, ₦43.68bn earnings
Business featured

Sterling Financial Holdings reports 89% surge in profit before tax

Sterling Financial Holdings Company Plc has released its audited group financial results for the full year ended December 31, 2025, reporting its profit before tax rose by 89.19 per cent year-on-year to N86.78 billion, compared to the N45.86 billion recorded in FY2024. According to the audited financial statements filed with the Nigerian Exchange on Friday, […]

featured Opinion

LCCI urges FG to stabilise forex, cut energy costs amid rising inflation

The Lagos Chamber of Commerce and Industry has urged the federal government to stabilise the foreign exchange market and reduce energy and logistics costs as Nigeria’s headline inflation rate rose slightly to 15.69 per cent in April 2026 from 15.38 per cent recorded in March. In a statement titled, “April 2026 Inflation Signals Fragile Economic […]

Oil and Gas

ADES secures $48.2m jack-up rig contract in Nigeria

Offshore drilling contractor ADES Holding has secured a new contract in Nigeria for its Main Pass IV standard jack-up rig. The contract has a one-year firm term with an additional one-year unpriced option, with the firm term value of the contract of $48.2 million. The company said the rig recently completed its previous work in […]

featured Finance

Naira weakens despite higher FX liquidity, reserves growth

The naira ended the week weaker in Nigeria’s official foreign exchange market despite a significant rise in market liquidity and continued growth in the country’s external reserves. Central Bank of Nigeria data show the naira depreciated by N9.65 week‑on‑week, with the dollar quoted at N1,371.04 on Friday versus N1,361.39 the previous Friday, a weekly loss […]

New expatriate levy sparks concerns over regional integration
Opinion

CPPE urges supply-side measures to tackle Nigeria’s persistent inflation

The Centre for the Promotion of Private Enterprise has called for a shift toward supply-side interventions to curb inflation, amid rising energy and transport costs linked to Middle East tensions. CPPE said monetary tightening alone cannot address Nigeria’s inflation challenge and risks further weakening investment and productivity. Leadership reported that speaking, the director/CEO of CPPE, […]

Tech

Kindle users turn to jailbreaking after Amazon ends device support

Many Kindle users are opting to jailbreak their devices after Amazon announced it will discontinue technical support for older models. Starting May 20, the company will officially end support for the following Kindle devices: Kindle 1st Generation Kindle 2nd Generation Kindle DX Kindle DX Graphite Kindle Keyboard Kindle 4 Kindle 5 Kindle Touch Kindle Paperwhite […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Business

LCCI urges FG to deepen reforms as inflation pressures persist

The Lagos Chamber of Commerce and Industry has called on the Federal Government to sustain and deepen its ongoing macroeconomic reforms as inflationary pressures continue to weigh on businesses and households nationwide. The chamber noted that manufacturers, Micro, Small and Medium Enterprises, traders, and consumers are still grappling with elevated operating expenses and rising living […]

Business featured

Wema Bank defends Banana Island property sales as lawful debt recovery

Wema Bank has responded to recent allegations surrounding the sale of Banana Island properties linked to the defunct Gulf Bank, insisting that the transactions were lawful and part of efforts to recover outstanding debts owed to the bank. The bank issued the clarification in a statement issued on Saturday, signed by its Company Secretary/General Counsel, […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira weakens marginally to ₦1,372/$ ahead of MPC meeting

The naira weakened marginally at the official foreign exchange market on Friday, closing at N1,372/$ as investors adopted cautious positions ahead of next week’s Monetary Policy Committee meeting of the Central Bank of Nigeria. This is according to data published on CBN website on Friday. Compared to last week’s closing at N1,364/$, the Naira depreciated […]

Travel

Nigeria introduces 30-day visa-free policy for Rwandan nationals

Nigeria has officially introduced a 30-day visa-free entry policy for Rwandan nationals under a new bilateral arrangement aimed at easing travel between both countries. The announcement was made by the Nigeria Immigration Service via a statement signed by its Public Relations Officer, DCI Akinsola Akinlabi, on Friday. This follows earlier consideration by President Bola Ahmed […]

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