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

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Finance

DMO allots ₦4.074bn in May savings bonds

The Debt Management Office has allotted a total of N4.074 billion in its May 2026 Federal Government of Nigeria Savings Bond issuance as investors showed stronger preference for the three-year tenor instrument. This is according to the auction result released by the DMO on Friday. The subscription window for the savings bonds opened between May […]

featured Finance

S&P upgrades Nigeria’s sovereign credit rating to ‘B’

S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to “B” from “B-”, citing improvements in the country’s macroeconomic profile, external position, and ongoing economic reforms. The United States-based global ratings agency announced the upgrade on Friday while affirming Nigeria’s short-term ratings at “B” with a stable outlook. According to […]

Business

Nigeria, Rwanda seal 30-day visa waiver deal to boost travel

Nigeria has formally launched a 30-day visa-free entry policy for citizens of Rwanda under a new bilateral agreement designed to facilitate easier travel between the two countries. The development was announced on Friday by the Nigeria Immigration Service in a statement signed by its Public Relations Officer, DCI Akinsola Akinlabi. The move follows earlier consideration […]

Business

CBN launches updated FX manual to boost investor confidence

The Central Bank of Nigeria has unveiled the fourth edition of its Foreign Exchange Manual, advancing reforms designed to enhance transparency, boost liquidity, and strengthen confidence in Nigeria’s FX market. The revised manual was launched on Friday in Abuja by CBN Governor, Olayemi Cardoso, and will come into effect on June 1, 2026. Among the […]

OpenAI makes ChatGPT free, expands access without sign-ups
Tech

OpenAI launches personal finance tools for ChatGPT Pro users

OpenAI on Friday rolled out a preview of new personal finance tools for ChatGPT Pro subscribers in the United States, enabling users to link their financial accounts and ask questions about their spending patterns, budgeting, and long-term financial planning. To power the account connectivity, OpenAI partnered with financial data network Plaid. Users can link accounts […]

News

Strait of Hormuz closed only to our enemies — Iran

Iran has said the Strait of Hormuz is open to shipping from all friendly countries and closed only to its “enemies”. The war in Iran has turned the Strait of Hormuz into a choke point so critical that one misstep could rattle every economy on Earth. “From our point of view, the Strait of Hormuz […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Finance

CBN launches revised foreign exchange manual effective June

The Central Bank of Nigeria on Friday launched the fourth edition of its Foreign Exchange Manual, with the revised framework scheduled to take effect from June 1, 2026, as part of ongoing reforms aimed at improving transparency, liquidity and confidence in Nigeria’s foreign exchange market. The PUNCH reported that speaking at the launch of the […]

Policy and Regulations

Lagos bans petroleum tankers from edible oil distribution

Lagos has banned petroleum tankers from being used in the edible oil distribution chain to strengthen edible oil transportation safety, hygiene, and compliance standards. Nairametrics reported that the restriction is part of a broader framework under a Memorandum of Understanding signed between the Lagos State Consumer Protection Agency and key stakeholders in the sector, as […]

Finance

Nigeria’s mutual funds NAV hits ₦8.77trn in April

Nigeria’s mutual funds industry sustained its growth momentum in April 2026, with total Net Asset Value climbing to N8.77 trillion, reflecting increased investor participation across major fund categories despite mixed performance in some fixed-income products. Nairametrics reported that according to data compiled from the SEC weekly Net Asset Value shows that aggregate NAV rose from […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote seeks court order to revoke fuel import approvals

Dangote Petroleum Refinery has instituted a fresh suit challenging the fuel import licences granted to the Nigerian National Petroleum Company Limited and several fuel marketers, reviving the dispute over petrol importation despite improvements in local refining capacity. According to court filings submitted at the Federal High Court in Lagos and cited by Reuters, the mega-refinery […]

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