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Tony Elumelu named Seplat chairman in major leadership

  • 9th June 2026

OpenAI files for IPO as AI firms race

  • 9th June 2026

Nigeria’s transmission grid not limiting electricity supply –

  • 9th June 2026

US judge blocks Trump’s $100,000 H-1B visa fee

  • 8th June 2026

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Nigeria’s economy stronger but poverty worsened, IMF warns

Economy

Africa loses billions to corruption, recovers little, Kenyan envoy

Economy

Tony Elumelu named Seplat chairman in major leadership shakeup

Business

Tinubu approves ₦10bn to tackle Ebola threat in Nigeria

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Blog

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W’Bank, ILO warn GenAI will reshape global labour markets

A new joint working paper by the International Labour Organisation and the World Bank has cautioned that generative artificial intelligence is set to transform labour markets globally, though its effects will vary sharply between advanced and developing economies. The study, produced as a background paper for the World Development Report 2026, analysed labour market exposure […]

Finance

DMO reports 4.28% oversubscription in March bond auction

The Federal Government of Nigeria bond auction in March 2026 recorded strong investor demand with a 4.28 per cent oversubscription, the Debt Management Office disclosed on Tuesday. Investors bid N931.5 billion for bonds worth N750 billion, though total allotments fell 7.4 per cent to N485.49 billion, down from N524.28 billion in February. Three instruments were […]

Policy and Regulations

CBN orders banks to file cybersecurity reports within three weeks

The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks in a move to strengthen oversight and safeguard the financial system against rising digital threats. In a circular to Deposit Money Banks, Payment Service Banks, Microfinance Banks, fintechs and other regulated entities, […]

Finance

NGX investors pocket ₦29trn gains in Q1 2026

Nigeria’s stock market ended the first quarter of 2026 on a high note, with investors making massive gains of over N29 trillion in just three months. The strong performance comes amid ongoing economic reforms in the country. The total value of all listed companies on the Nigerian Exchange Limited (NGX), known as market capitalization, rose […]

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Afreximbank underwrites $2.5bn loan for Dangote Refinery

The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals. A syndicated loan is a financing arrangement involving a large sum of money provided by a group of lenders. In a statement confirming the deal, Afreximbank disclosed that it and Access Bank […]

GTCO hits N433bn profit in Q3 2023
Business

GTCO reports strong 2025 earnings with record dividend payout

Guaranty Trust Holding Company Plc has recorded interest income of N1.622 trillion for the audited financial year ended December 31, 2025, representing a 22.8 per cent increase from N1.321 trillion recorded in the corresponding period of 2024. The company also declared a dividend of N12.76 per share for the financial year 2025. Results released to […]

Business

BUA Foods records ₦518bn profit amid Rabiu-Elumelu alliance

Nigeria’s industrial and financial heavyweights, the Founder and Chairman of BUA Group, Abdul Samad Rabiu, and Chairman of United Bank for Africa, Tony Elumelu, have moved to deepen their partnership to drive Nigeria’s industrial growth. In line with the partnership, Rabiu recently hosted Elumelu and his executive management team at BUA Group’s corporate headquarters in […]

Electricity featured

Power minister Adelabu denies resignation rumours

Minister of Power Adebayo Adelabu has denied reports suggesting he has resigned from office, describing the claims as false and misleading amid growing political speculation over his future. The rebuttal comes at a time of heightened uncertainty following a Federal Government directive requiring political appointees with ambitions for the 2027 general elections to step down […]

featured Finance

Senate approves $6bn external loans for Tinubu

The Senate has approved the request of President Bola Tinubu to go for external loans totalling $6 billion. The approval came barely three and a half hours after the senate president, Godswill Akpabio, read the letter from the president, seeking the approval. The Senate approved the loans following the presentation and consideration of the report […]

Telecommunications

FG to install 1,000 telecom towers in rural areas

The Federal Government has said it will deliver at least 1,000 telecommunications towers to rural communities in 2026 as part of efforts to expand digital connectivity and bridge access gaps across the country. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, disclosed this on Tuesday in Abuja during a press briefing on the […]

Finance

Anambra extends individual tax return deadline by one month

Anambra State Internal Revenue Service has extended the deadline for filing individual annual tax returns by 30 days, granting taxpayers additional time to meet statutory obligations. In a press statement on Tuesday signed by the Executive Chairman, AiRS, Ikeazor Okonkwo, the agency announced that the original deadline of March 31, 2026, has been shifted to […]

featured Finance

10 steps to file your individual tax returns

As the March 31, 2026 deadline for filing Personal Income Tax returns approaches, many Nigerians are scrambling amid heightened awareness and enforcement under the new tax reforms. Whether you are a salaried employee, freelancer, business owner, or have multiple income streams, filing your annual returns for the 2025 tax year is mandatory for most income […]

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