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NGX gains ₦237.8bn as FUGAZ banking stocks lead

  • 8th August 2026

X scraps revenue sharing, unveils original content rewards

  • 8th August 2026

Spain to impose border controls on Italian passengers

  • 8th August 2026

Burger King regains second spot in US burger

  • 8th August 2026

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Nigeria risks losing $1.4bn US aid over Christians persecution

Finance

NGX urges Tinubu to support fintech’s domestic listing

Policy and Regulations

NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday

Business

FG unveils unified regulatory framework for crypto industry

Policy and Regulations

Blog

IATA, weather company collaborate on data
Aviation

Foreign airlines lament as over $700m remain stuck in Nigeria

Foreign airlines have stated that around 90% of their $783 million stuck cash have not been paid. According to The Punch, airlines made this announcement at a recent stakeholders’ event that the Minister of Aviation and Aerospace Development, Festus Keyamo, convened in Lagos. The International Air Transport Association reported that as of August 2023, Nigeria accounted for a substantial $783 […]

Flutterwave CFO Bhambani resigns after 18 months
News Tech

Flutterwave CFO Bhambani resigns after 18 months

The Chief Financial Officer of Flutterwave, Oneal Bhambani has resigned 18 months after joining the fintech startup. “Last week, I made the difficult decision to end my tenure at the company,” Oneal Bhambani shared in a LinkedIn post on Tuesday. “Thank you to Flutterwave for a seat on its journey to scale payments across Africa… […]

Japaul Gold to raise additional N20bn stock capital
Business

Japaul Gold to raise additional N20bn stock capital

Japaul Gold and Ventures Plc, a limited-company mining company in Nigeria, has declared its intention to raise an additional N20 billion in equity capital through the NGX. The Times reported that the capital would be raised through “special placements with identified investors,” according to the company announcement. The company announced plans to list an additional 8 billion […]

Meta scraps fact-checking program, introduces X-like community notes feature
News Tech

Meta bans AI ads for regulated industries

Facebook’s parent company, Meta is preventing advertisers in other regulated industries and political campaigns from utilising its new generative AI advertising products. Meta made the decision publicly known on Monday night through modifications to its support centre. Although it does not have any limits directly on AI, its advertising standards forbid ads with content that […]

Canadian High Commission halts activities in Nigeria
News

Canadian High Commission halts activities in Nigeria

The Canada High Commission in Nigeria in Abuja stated on Monday that it has ceased operations in Nigeria until further notice and has issued a warning against non-essential travel to the country. The Times reported that the embassy issued a travel alert, advising against taking unneeded trips to Nigeria, notably Abuja, “because of the high risk […]

Italy to seize $835m from Airbnb over alleged tax fraud
Business

Italy to seize $835m from Airbnb over alleged tax fraud

The massive short-term rental company Airbnb has been ordered to forfeit €779.5 million ($835.5 million; £676.8 million) by an Italian judge due to suspected tax fraud. BBC reported that the company, according to prosecutors, neglected to charge landlords a tax on around €3.7 billion in rental income. In Italy, there is a 21% income tax […]

Lagos begins 25% reduction on transport costs Tuesday
Uncategorized

Lagos begins 25% reduction on transport costs Tuesday

The Lagos Metropolitan Area Transport Authority, on behalf of the Lagos State Government, has mandated the establishment of a 25% transport fare discount on the entire Lagos State Public Transport System. The Times reported that this disclosure is available on LAMATA’s official X (formerly Twitter) account and is part of a public notice that the […]

New year: Banks to close early on Friday
Uncategorized

Top banks raise profits to 1tn in Q3 – Report

At least six of Nigeria’s largest banks increased their profits by 214% to N2.06 trillion in the fiscal year ending September 2023, compared to N656.15 billion in the same period in 2022 despite the economic headwinds of its operating environment. The Punch reported that when comparing the financial accounts submitted to the Nigerian Exchange Limited, […]

NLNG begins naira sale, LPG output hits 1.5m tonnes
Oil and Gas

NLNG Train-7 now 52% complete – MD

The Managing Director of Nigeria Liquefied Natural Gas Limited, Philip Mshelbila, has stated that Train-7 is 52% complete. According to The Times, he made this statement during a recent engagement meeting with Nigerian Content Development and Monitoring Board Executive Secretary Simbi Wabote. He claimed that 8,300 Nigerians with a range of skill levels are employed by the $5 billion […]

Dangote cement hits historic N10trn market capitalization
Business

Dangote Cement to raise additional N50bn

Dangote Cement has issued Commercial Papers in Series 10 and 11 as part of its N300 billion Issuance Program. According to The Punch, stockbroking companies have reported that the N50 billion series commenced on Monday and would end on Tuesday. In August 2021, Dangote Cement launched a N150 billion commercial paper issuance program through the […]

How creative sector can add $100bn to Nigeria's GDP - US
Business

How creative sector can add $100bn to Nigeria’s GDP – US

Nigeria’s creative industry has the potential to become the country’s largest export sector, contributing $100 billion to the country’s GDP by 2030. According to The Punch, the Assistant Secretary for the Bureau of Economic and Business Affairs at the U.S. Department of State, Ramin Toloui, made this revelation on Monday in Lagos. Speaking to creatives in Lagos, […]

OGIRS begins enforcement campaign to collect unpaid revenues
Business

OGIRS begins enforcement campaign to collect unpaid revenues

The Ogun State Internal Income Service has launched a comprehensive enforcement campaign aimed at recovering unpaid tax liabilities and increasing government income. The Punch reported that the enforcement action is planned to guarantee complete compliance with payment of consumption taxes, withholding taxes, back duty liabilities, and road taxes beginning on Tuesday, November 7, 2023. This statement was […]

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