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Electric car demand rises in Europe amid Middle

  • 20th April 2026
Dangote Sugar exceeds N1tn market cap level 

Dangote Sugar plans ₦500bn rights issue for growth

  • 20th April 2026
EU rules out fee for tech giants under digital markets act

EU antitrust chief rejects push to relax merger

  • 20th April 2026

Brent nears $95 over fears of US-Iran ceasefire

  • 20th April 2026

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Oil and Gas

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Banking

EFCC warns banks against loans without credible collateral

The Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede, has cautioned Nigerian banks against granting loans without credible collateral, warning that such practices often result in insider abuse and non-performing loans. Olukoyede gave the warning recently when he received the Chief Audit Executive of First Bank Plc, Mufutau Abiola, who led a […]

Niger owes Nigeria N4bn for electricity supply - NERC
Electricity

NERC sets December deadline to slash power transmission losses

The Nigerian Electricity Regulatory Commission has introduced new regulations aimed at reducing electricity transmission losses and improving transparency across the national grid. The commission issued Order No. NERC/2026/026, which establishes a strengthened framework for the reporting and monitoring of Regional Transmission Loss Factors across Nigeria’s electricity transmission network. Data from the Nigerian Independent System Operator […]

Finance

Stock market surges ₦1.36trn on FTSE Russell frontier market upgrade

The Nigerian equities market has turbocharged, adding N1.36 trillion to its market capitalisation within just 72 hours. This rally was ignited by FTSE Russell’s decision to upgrade Nigeria from “Unclassified” back to “Frontier Market” status, a move that effectively restored the nation’s standing on the global investment map within a three-day window following the announcement. […]

Business

International Breweries posts record ₦88.9bn pre-tax profit for 2025

International Breweries Plc has reported a pre-tax profit of N88.9 billion in its 2025 audited financial statements published on the Nigerian Exchange, slightly above the unaudited figure of N85.1 billion. The result marks a strong turnaround from a loss of N111.8 billion in the prior year, driven largely by stronger revenue performance and reduced foreign […]

Food

Food prices surge further in April, worsens cost-of-living crisis

Food prices across Nigeria have tightened further in April 2026, deepening pressure on households already grappling with a high cost of living. Fresh market checks and retail data suggest that the upward trend seen earlier in the year has not only persisted but intensified in key urban centres, particularly Lagos. The price of a 50kg […]

Policy and Regulations

Large firms face sanctions over June e-invoicing deadline — Report

Many large businesses risk sanctions if they fail to connect their invoicing systems to the Nigerian Revenue Service’s electronic invoicing platform by the end of June, as authorities push ahead with a reform that will give tax officials near real-time visibility into company transactions. The e-invoicing system requires businesses to generate invoices digitally and transmit […]

SEC to strengthen borrowing regulatory framework in Nigeria
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SEC freezes assets of 13 terror-linked entities

The Securities and Exchange Commission has directed an immediate freeze of assets belonging to 13 newly designated terrorism-linked entities within the capital market, following their listing on the Nigeria Sanctions List by the Nigeria Sanctions Committee. The designation covers 10 individuals and three organisations. The directive was issued in a sweeping compliance circular circulated to […]

featured Opinion

Tinubu’s reforms bring necessary pain for long-term gain — Bwala

In a strong defence of the ongoing economic reforms under President Bola Ahmed Tinubu, presidential aide Daniel Bwala has described the current hardship as a reflection of necessary structural changes rather than policy failure. In a post on X on Monday, Bwala argued that while the reforms may be difficult, the challenges Nigerians previously endured […]

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