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Crude oil prices rise as Iran rules out

  • 17th August 2026

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

FG resets profit-sharing terms to attract new deep

  • 17th August 2026

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Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

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EU gives Nigeria €1.5m to fight cholera outbreak

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Aviation

Foreign airlines deny lowering fares because of Air Peace

The Association of Foreign Airlines and Representatives in Nigeria AFARN has denied the reports that foreign airlines are lowering fares because Air Peace made its first flight to London. The President of AFARN, Kingsley Nwokoma, said the reduction in fares between London and other destinations is not a result of competition from Air Peace but, […]

News

Nigeria to get $1bn Afreximbank loan May

Nigeria is set to receive the balance of $1.05 billion from a $3.3 billion Afrexim bank loan backed by oil revenues by the end of May The loan is one part of a larger $3.3 billion prepayment facility, which Afreximbank has set up with the repayment terms relating to crude oil consignments from Nigeria’s National […]

Aviation

Keyamo affirms airline industry’s FX backlog cleared

The Minister of Aviation and Aeronautics, Festus Keyamo said the Central Bank of Nigeria has cleared a backlog amounting to approximately $160 million for the air transport sector. This was disclosed by the Keyamo in a live appearance on Arise television on Monday. The minister noted that in Nigeria, there are two different backlogs of […]

Alibaba launches advanced AI coding model ‘Qwen3-Coder’
News

Alibaba Cloud slashes prices to woo AI developers

Alibaba Cloud, the cloud computing arm of China’s e-commerce giant Alibaba Group Holding, unveiled its plans on Monday to significantly slash prices for a range of products hosted in its offshore data centers. This strategic move comes amidst intensifying competition within the market to entice artificial intelligence software developers. The announcement encompasses a substantial reduction […]

First Bank denies N550M fraud allegations, blames ex-employee, plaintiff
News

First Bank to raise additional N300m to meet CBN capital

First Bank Holdings has announced plans to raise an additional capital of ₦300 billion ($231 million) at an upcoming shareholders meeting later this month. This is in response to the Central Bank of Nigeria’s call for a recapitalization drive that has stirred a frenzy among banks. The capital infusion, as stated in a Monday release […]

Binance halts support for USDC stablecoin on Tron blockchain
News

Binance executive pleads not guilty to money laundering charges

An Executive of Binance Holdings Limited, Tigran Gambaryan, has pleaded not guilty to the money laundering charges preferred against him by the Economic and Financial Crimes Commission. The Economic and Financial Crimes Commission on Monday charged Gambaryan before Justice Emeka Nwite at the Federal High Court in Abuja, according to The punch. Recall, that the […]

News

African leaders must prioritise attracting investment to ECOWAS – Okonjo-Iweala

The Director General of the World Trade Organisation, Ngozi Okonjo-Iweala, has called on African leaders to attract investment, particularly in energy development, youth employment through agriculture and renewable energy, and infrastructural advancement. This was disclosed by Okonjo-Iweala at the Economic Community of West African States Investment Forum 2024, organised by the ECOWAS Bank for Investment […]

CBN sells $10,000 to BDCs at N1,101/$
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CBN sells $10,000 to BDCs at N1,101/$

The Central Bank of Nigeria has made another move in its efforts to stabilize the foreign exchange market by announcing the resumption of dollar sales to Bureau De Change operators. This decision was outlined in a circular published on the CBN’s official website on Monday, signaling a proactive step to address currency liquidity challenges in […]

Nigeria Exchange in decline two weeks in a row
News

Investment in Ethiopian Securities Exchange Strategic – NGX Group

The Nigerian Exchange Group has announced that its investment in the Ethiopian securities exchange was a strategic decision for the benefit of its stakeholders. The NGX Group confirmed recently that it invested in the ESX during the recent fundraising that took place in the Horn of Africa nation, where the bourse raised about $26.6m, according […]

Web Summit co-founder Paddy Cosgrave returns as CEO
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Web Summit co-founder Paddy Cosgrave returns as CEO

Web Summit co-founder Paddy Cosgrave has resumed his role as chief executive officer, six months after stepping down amidst controversy over his remarks on the Israel-Hamas conflict. Cosgrave faced criticism for his social media post on October 13, where he stated that “war crimes are war crimes even when committed by allies,” referring to Israel’s […]

News

Lagos terminates multibillion-naira Kantagua market construction contract

The Lagos State Government has terminated the contractual relationship with Bridgeway Global Project Limited on the development of the Kantagua Market. This was disclosed by the Special Adviser to the Lagos State Governor on eGIS and Urban Development, Dr. Olajide Babatunde, during an inspection of the vast area earmarked for the relocation of Ikeja Computer […]

Electricity

FG tests 700MW Zungeru hydroelectric power plant

The Federal Government, on Sunday, announced that testing has commenced on the 700 megawatts Zungeru Hydroelectric Power Plant ahead of the evaluation of electricity from the facility to the national grid. Similarly, it noted that the $1.3bn project, located in Niger State, had been connected to the national grid, debunking the claims in some quarters […]

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