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

featured

NCC, REA partner to cut digital infrastructure costs

Business

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Opinion

ADC accuses Tinubu of running ‘ponzi economy’ over fresh $1.25bn loan

The African Democratic Congress, on Thursday, accused President Bola Tinubu’s administration of running what it described as a ‘Ponzi economy’ after the Federal Government moved to secure another $1.25 billion World Bank loan despite Nigeria’s growing public debt estimated at about N159.28 trillion. The opposition party said the fresh loan request has further fuelled concerns […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
Economy featured

Nigeria’s inflation may rise again after April’s 15.95% surge — Report

Nigeria’s inflation rate may increase for the second consecutive month, reaching 15.95 per cent in April 2026, amid rising fuel prices, food supply challenges, and renewed pressure from global oil market volatility. This projection was contained in the latest Coronation Inflation Outlook released on Thursday. The report warned that the country’s period of easing inflation […]

YouTube to tighten gambling content policies
Tech

YouTube Shorts hit 2 billion monthly TV viewing hours

YouTube has said its short-form video product, Shorts, is gaining unexpected traction on television screens, even though the format is designed primarily for mobile devices. The company disclosed that viewers now watch more than 2 billion hours of YouTube Shorts—videos of up to three minutes, on TV each month, underscoring a shift in how audiences […]

featured

Oil prices rise after US-China talks on energy trade

Oil prices climbed on Friday after United States President Donald Trump said China had agreed to buy American oil following discussions with Chinese President Xi Jinping. Brent crude futures for July rose 1.49 per cent to $107.30 per barrel, while U.S. West Texas Intermediate futures for June increased 1.55 per cent to $102.74 per barrel. […]

featured Finance

Naira weakens at parallel FX market to ₦1,392/$

The Naira on Thursday depreciated to N1,392 per dollar in the parallel market from N1,388 per dollar on Wednesday. Similarly, the naira depreciated to N1,371 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market fell to N1,371 per […]

US DOJ probes Visa over antitrust issues
Business

Visa unveils AI-powered dispute services for banks, merchants

Visa has launched six new AI-powered dispute resolution services designed to help financial institutions and merchants cut fraud-related losses and lower administrative costs. In a statement, the digital payments company said the tools will modernise dispute management, enhance visibility into fraud-related expenses, and enable businesses to focus more resources on growth, innovation, and customer experience. […]

Business

IPMAN slams NNPCL over bid to raise Dangote Refinery stake

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, has criticised the Nigerian National Petroleum Company Limited over its bid to raise its equity stake in the Dangote Petroleum Refinery, citing the deteriorating condition of state-owned refineries. Ukadike was responding to remarks by the President of the Dangote Group, Aliko […]

Google to revises app rules after EU charges over market abuse
Tech

Google denies breaching online safety law over suicide forum listing

Google has denied breaching the UK Online Safety Act after being accused of promoting a “nihilistic” suicide-related forum linked to 164 deaths in the United Kingdom, despite the content being restricted under UK law. The UK’s internet regulator, Ofcom, previously fined the forum’s US-based operator £950,000, stating the site “presents a material risk of significant […]

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

First HoldCo elevates Omodayo-Owotuga to executive director role

FirstBank of Nigeria Limited, a subsidiary of First HoldCo Plc, has appointed Dr Julius B. Omodayo-Owotuga as Executive Director, effective May 13, 2026, in a move aimed at strengthening its leadership across finance, governance, risk management and transformation. The appointment, announced via a filing on the Nigerian Exchange, noted that Omodayo brings 24 years of […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Business

Nigerians use 45,800 terabytes of data daily — NCC

The Nigerian Communications Commission has disclosed that Nigerians now use about 45,800 terabytes of data daily, underscoring the country’s growing reliance on internet services and digital platforms. The Executive Vice Chairman and Chief Executive Officer of the commission, Aminu Maida, made this disclosure on Thursday at the 2026 Workshop for Judges on Legal Issues in […]

Economy

Nigeria’s inflation rose to 16.42% in April

Nigeria’s headline inflation is forecast to rise to 16.42 per cent year-on-year in April 2026, as sustained pressure from food prices, higher energy costs and elevated global commodity prices continue to shape the domestic price environment. The projection is contained in the Financial Market Dealers Association Inflation Forecast report for April 2026, released on Wednesday, […]

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