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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran

  • 7th August 2026

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

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Canada visa wait-time rises for Nigerian applicants — IRCC

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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

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United Capital endorses CBN's stakeholder partnership
News

How real estate firms borrowed N2.26tn in eight months – CBN

The country’s real estate and construction companies were successful in obtaining loans totaling N2.26 trillion in just eight months. The Punch reported that the money borrowed from the banks was used as capital to expand the sector’s services. The amount of loans obtained climbed from N1.90 trillion to N2.26 trillion between November 2022 and June 2023, a […]

Paddy Cosgrave resigns as Web Summit CEO
News Tech

Paddy Cosgrave resigns as Web Summit CEO

Paddy Cosgrave has resigned as CEO of Web Summit, the 14-year-old conference company he cofounded that now hosts four other events worldwide in addition to one of Europe’s largest yearly tech gatherings. Cosgrave announced his resignation as CEO of Web Summit with immediate effect in a statement given to TechCrunch earlier on Saturday saying, “I […]

NERC makes N5.63bn in 2023 Q3
Electricity

NERC makes N5.63bn in 2023 Q3

The Nigerian Electricity Regulatory Commission reported a revenue of 5.63 billion and an expenditure of 2.46 billion in the second quarter of 2023. This was indicated by the Commission in its Q2 2023 Electricity on Demand report, which was made public earlier this week. In 2023/Q2, the Commission generated revenue of $5.63 billion, up $0.90 billion […]

Chinese political, finance commentators to use real names on Weibo
News Tech

Chinese political, finance commentators to use real names on Weibo

The CEO of China’s Weibo acknowledged on Friday that the country may start compelling online commentators on politics and finance to reveal their names on their profiles, effectively robbing them of their right to anonymity. Concerns over escalating internet censorship and increased government oversight of the nation’s internet led local media and a number of […]

MABISCO to sell biscuit plant, target other investment
Business

MABISCO to sell biscuit plant, target other investment

The Mayor Biscuits Company Limited, a significant indigenous biscuit manufacturer in Nigeria, has announced plans to sell the multimillion dollar biscuit plant and reinvest the revenues in a new business. According to The Punch, prior to ceasing operations in March of this year, MABISCO had inaugurated over 300 established distributors nationally, according to a statement […]

FG to generate N28.1bn from Ijora workshop concession - ICRC
Business

FG to generate N28.1bn from Ijora workshop concession – ICRC

The Central Workshop Ijora’s 20-year concession would bring in N28.1 billion, according to the Infrastructure Concession Regulatory Commission. The Punch reported that the workshop was utilized to maintain cars, sewage treatment systems, and water supply equipment during the colonial era, according to a statement released on Thursday by the head of media and publicity, Manji Yarling. […]

News Tech

X introduces new subscription plans for premium users

Elon Musk on Friday on X, previously Twitter announced the introduction of two new premium levels. One tier will be less expensive than the existing $8 per month plan, according to the platform’s owner, but adverts won’t be cut back. The other tier, which is more expensive, will have no advertisements. “Two new tiers of […]

How proper tax system can end borrowing - SGF, Don
Business

How proper tax system can end borrowing – SGF, Don

The Secretary to the Government of the Federation, George Akume, and a Don, Prof. Ezekiel Williams, have stated that a competent taxation system will put a stop to the Federal Government taking loans to fund projects. The Punch reported that they announced this on Thursday at the Transcorp Hilton Hotel in Abuja during the publication […]

Business

ABCON advocates BDC participation to achieve stable exchange rate

The President of the Association of Bureau De Change Operators of Nigeria, Dr. Aminu Gwadabe, asserts that full engagement of Bureaux De Change operators in the retail sector of the foreign currency market is necessary for Nigeria to achieve a stable, robust, and fertile exchange rate. He claimed in a statement that under the Central Bank […]

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