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Italian divers discover 2,000-year-old Roman shipwreck

  • 9th August 2026

Spain checks 200 travellers as Italy border controls

  • 9th August 2026

NGX gains ₦237.8bn as FUGAZ banking stocks lead

  • 8th August 2026

X scraps revenue sharing, unveils original content rewards

  • 8th August 2026

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Italian divers discover 2,000-year-old Roman shipwreck

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NLC demands overhaul of Nigeria’s ‘failing’ energy sector model

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MTN, Banking stocks fuel NGX's bullish run
Business

MTN, Banking stocks fuel NGX’s bullish run

This week’s first trading day saw investors gain N70 billion, which gave the Nigerian Exchange Limited a positive start. The Punch reported that the stocks of AccessCorp, United Bank for Africa, Zenith Bank, First Bank of Nigeria Holdings, and MTN Nigeria were the main drivers of the local exchange’s trend. The value added to the market […]

Naira plunges to record low against pounds
featured

Naira trades 864/$ on official market as dollar supply rises

The naira closed at N864.29/$ on the official Investors and Exporters window, up 27.16 percent on Monday. The Punch reported that this was due to the fact that last Friday’s closing trading saw a massive 86.83 percent increase in daily dollar turnover, from $70.90 million to $132.46 million. According to data from the FMDQ Securities […]

TomTom partners Microsoft to create AI-based assistant for vehicles
News Tech

Italian Telco to build native language AI tools

An Italian telecom company, Fastweb, announced on Monday that it intends to assist its corporate and public administration clients in creating artificial intelligence tools by creating a large-language model trained in native Italian. “A group of generative AI experts will work through deep learning systems to develop an LLM based on large sets of data […]

Champion Breweries names Inalegwu Adoga new Managing Director
Business

Champion Breweries names Inalegwu Adoga new Managing Director

Champion Breweries Plc’s Board of Directors has announced the appointment of Dr Inalegwu Adoga as Managing Director/Chief Executive Officer of Champion Breweries Plc, Uyo. The company’s notice to the Nigerian Exchange Limited, contained this information. The appointment took effect on December 1, 2023, according to a statement signed by the chairman of the company, Dr. Imo-Abasi Jacob. […]

Access Bank, Qatar airways partner, offer discounted flight tickets
Banking

Access Bank gets Hong Kong license, to begin operations 2024

Access Bank Plc, via Access Bank UK, its UK subsidiary, has been granted permission to start official banking operations in Hong Kong. The Times reported that Mr. Herbert Wigwe, the chairman of Access Bank UK and chief executive of Access Holdings Plc, hailed the accomplishment as evidence of the business’s tenacity. Additionally, Mr Wigwe described […]

Biden moves to blacklist Huawei chips in US
News Tech

Huawei approaches Mercedez Benz, Audi to buy shares

China’s Huawei Technologies has approached Mercedes Benz and Volkswagen’s Audi to purchase shares in its company that develops software and parts for smart cars, Reuters reported. According to them, the action is intended to broaden its alliances beyond Chinese companies. Huawei, which has been the focus of U.S. sanctions since 2019, also expects that the […]

CBN to rename forex market amidst economic shifts
Banking

Nigerian banks didn’t fail international authorization requirements – CBN

The Central Bank of Nigeria has assured the public that the Nigerian banking industry is strong and that banks are meeting various regulatory requirements. According to Nairametrics, reports claiming that Nigerian banks are failing the Capital Adequacy Ratio stress test for international authorization ought to be disregarded, according to a statement titled “CBN Assures That Nigerian […]

Chipper Cash lays off UK, US staff
News Tech

Chipper Cash lays off staff

African fintech unicorn, Chipper Cash has fired 15 employees in a variety of divisions during its fourth round of layoffs this year. The corporation eliminated almost a dozen positions, including that of Chief Operating Officer Alicia Levine, six months prior to the most recent layoffs. The company’s US staff comprises the majority of the impacted […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
Business

Nigeria’s revenue insufficient to cover debt – IMF

The International Monetary Fund has revealed that Nigeria does not generate enough revenue to meet its needs for development. The Punch reported that the IMF claimed that the country’s 9% revenue to GDP ratio is extremely low and insufficient to fund development expenditures, social safety nets, and the protection of its most vulnerable households. This was disclosed […]

Transcorp power enlisted on Nigerian Exchange main board
Business

Transcorp Power affirms dedication to sustainable growth

Transcorp Power Limited, a power subsidiary of Transnational Corporation Plc, an indigenous conglomerate, has reaffirmed its commitment to sustainable development on the occasion of its tenth anniversary. The Punch reported that Transcorp Group stated on Sunday that the power company was founded with the intention of transforming Africa and improving lives through investments in key economic […]

CBN
Business

FG records N1.54tn fiscal deficit between July-August 2023

The Central Bank of Nigeria has released data showing that in July and August of 2023, the Federal Government recorded a fiscal deficit of N1.54 trillion. The Punch reported that the Federal Government reported N818.53 billion and N726.85 billion in fiscal deficits in July and August, respectively, according to CBN’s monthly economic report for August. A […]

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