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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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Firms, households expect inflation pressures to ease further —

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

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Operators lament betting companies blacklisting
Business

Operators lament betting companies blacklisting

The classification of some betting enterprises as unlicensed by the Lagos State Lotteries and Gaming Authority has been criticized by several industry players as being detrimental to the developing gaming sector. The Punch reported that according to a statement, the LSLGA issued a public notice last week warning that 43 gaming and lottery platforms did […]

Amazon, OnlyFans founder express interest as TikTok sale deadline nears
News Tech

TikTok removes false contents on Isreal-Palestine conflict

TikTok has stated it “immediately” took action to combat false information after the EU forwarded a warning to the platform following the Hamas attack on Israel. On Friday, the EU urged TikTok CEO Shou Zi Chew to “urgently step up” his efforts and “spell out” within 24 hours how the company was abiding by European […]

Minecraft emerges bestselling video after 300m sales
News Tech

Minecraft emerges bestselling video after 300m sales

Minecraft has emerged as the bestselling video game of all time with the announcement that it has sold a staggering 300 million copies on Sunday. “As we approach the 15th anniversary, Minecraft remains one of the best-selling games of all time, with over 300 million copies sold, a milestone no one could have dreamed of […]

How open drug market threatens pharma sector – Expert
News

Essential drugs’ll soon be scarce in Nigeria – Association

The Association of Industrial Pharmacists of Nigeria has warned that there may be a shortage of necessary pharmaceuticals throughout the country, stating the present economic downturn is the main factor. The Times reported that the chairman of NAIP, Kenneth Onuegbu, expressed deep concern about the negative effects of the current economic situation on medication production and […]

OpenAI mulls $500bn valuation in employee share sale talks
News Tech

Reduce overdependence on products, Japan tells AI companies

The Japanese government has tasked commissions, companies  and organisations using artificial intelligence will be forced to take steps to lessen the risk of over-dependence on the technology, according to proposed rules. The proposed guidelines also caution AI programmers against using skewed data for machine learning and advise them to keep track of their interactions with […]

S'Africa's billionaire Johann Rupert drops $1.8bn in net worth
News

Africa’s second-richest man Johann Rupert loses $3.7bn

The richest man in South Africa and the second richest man in Africa, Johann Rupert, has seen a significant $3.7 billion decline in his net worth during the past 90 days. The Times reported that the 73-year-old business tycoon had a net worth of $14.4 billion as of July 14, 2023, but his wealth has suffered and […]

SeedFi will ensure Nigerians access to credit - CEO
Business

SeedFi will ensure Nigerians access to credit – CEO

A digital lending provider, SeedFi, has reaffirmed its commitment to increasing Nigerians’ access to credit through financial education and trust-building efforts for the underprivileged. The founder and CEO of SeedFi, Pelumi Alli, stressed that the idea of solving the financial difficulties a sizable percentage of the Nigerian populace experienced was the driving force behind the effort. According to Alli, 67% […]

Why capital market operators must adopt technology—FinTechNGR, SEC
Business

Capital markets can enhance economic growth – ICMR

Nigeria’s capital market can help the country restore its economic momentum, according to the Institute of Capital Market Registrars. According to The Punch, this was revealed in a statement released on Friday in Lagos by the President and Chairman of the Institute’s Council, Mr. Oluseyi Owoturo. According to Owoturo, “the current economic realities call for effective […]

Power transmission capacity hits 8,500MW – FG
Electricity

Power transmission capacity hits 8,500MW – FG

Nigeria’s power transmission capacity has reportedly expanded to 8,500 megawatts, according to the Federal Government. The Punch reported that it did so via the Transmission Company of Nigeria, a company owned by the Federal Government, highlighting the fact that TCN was currently able to evacuate all of the electricity produced by power production companies. The […]

Nigeria remains safe investment destination, says finance minister Edun Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the country’s position as a secure and promising destination for investment, citing ongoing reforms and renewed economic momentum. Speaking at the Nigeria Investment Forum on the sidelines of the World Bank/IMF Spring Meetings in Washington, D.C., Edun highlighted the government’s commitment to fiscal stability and structural reforms aimed at revitalising the economy. “One of the reasons for the new leadership at the Nigerian National Petroleum Company Limited (NNPCL) is to increase production and reduce costs,” Edun said, adding that the administration is also intensifying efforts to diversify the economy and attract private sector participation. According to the minister, the government is focused on optimising state-owned assets to close budgetary gaps and remains committed to upholding the sanctity of contracts — a principle key to building investor trust. “We are committed to stabilising the economy so the private sector will find it attractive to invest,” he said. “Our goal is to ensure fiscal congruence and support sustainable growth.” Edun outlined President Bola Tinubu’s reform agenda, which he said is already producing positive signs of recovery. These include narrowing budget deficits, a stabilising exchange rate, and an improved trade balance. “The economy is showing signs of growth. We are targeting seven per cent annual growth, and the policies we’ve implemented have laid the groundwork to achieve this,” he stated. He identified agriculture as a top priority, emphasizing the importance of boosting local production across the entire value chain to enhance food security. “We aim to close the food supply gap not through imports, but by enabling domestic producers to scale and innovate,” Edun said. Highlighting digital infrastructure as another cornerstone of economic growth, the minister revealed that 90,000 kilometres of fibre optic cable have been deployed nationwide to strengthen connectivity and support Nigeria’s growing tech ecosystem. In addition, 4,000 kilometres of roads have been put forward for private sector participation, with 1,000 kilometres already approved for delivery. Meanwhile, Central Bank Governor Yemi Cardoso echoed Edun’s optimism, noting that the government's tough economic decisions are starting to yield results. “The difficult reforms undertaken have begun to bear fruit,” Cardoso said. “We’ve managed to stabilise the macroeconomy. Fitch’s recent upgrade of Nigeria’s credit rating reflects the progress we’re making.” He acknowledged the challenges of the past 18 months but stressed the administration’s resolve to build a stronger, more resilient economy. “This is about building trust and moving forward with confidence. If we stay the course, we will achieve our goals,” he concluded.
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Nigeria approach World Bank for $1.5bn budget support loan

The Federal Government of Nigeria has confirmed ongoing negotiations with the World Bank for a significant $1.5 billion budget support loan. According to The PUNCH, this announcement was made by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during a press conference at the World Bank/International Monetary Fund Annual Meeting […]

Oil and Gas

Crude oil stays at $90/barrel

Brent crude went up to $90 per barrel on Friday, October 13, according to a study of crude oil prices around the world, and it has remained above that level ever since. The Times reported that the price of a barrel of Brent crude as of Sunday morning, October 15 was $90.89. There are many causes for […]

FG targets 6500 megawatts power generation in six months
Electricity

FG, others partner to distribute 4000mw electricity

The Federal Government, Niger Delta Power Holding Company, Lagos, Ogun, and Oyo states have reached an agreement on bilateral trade to deliver 4,000 megawatts of energy to the significant industrial and commercial clusters in Agbara and across Nigeria. According to The Punch, this information was made public on Thursday during the “Light Up Nigeria Program: Agbara […]

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