Business

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

EFCC charges two over alleged unlawful supply of

  • 20th August 2026

FG urges banks, fintechs to bridge $14.8bn gender

  • 20th August 2026

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NNPC raises alarm over Nigeria’s growing energy skills shortage

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CBN calls for wider adoption of digital payment channels

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Microsoft warns Africa risks becoming AI consumer

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Naira holds steady at ₦1,375/$ in official FX market

The naira traded within a relatively stable range against the United States dollar on Thursday, May 28, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market, amid sustained market interventions and improving liquidity conditions. Data published by the Central Bank of Nigeria showed that the naira traded around ₦1,375.41 per dollar […]

Business

CPPE raises concern over Nigeria’s weak manufacturing base despite GDP growth

The Centre for the Promotion of Private Enterprise has warned that Nigeria may struggle to achieve sustainable structural transformation without a stronger manufacturing sector, despite improved economic growth recorded in the first quarter of 2026. The position was contained in the organisation’s latest policy. The report followed the release of fresh data by the National […]

Appointments

AfDB appoints Keyamo as African champion for $7bn aviation programme

The African Development Bank has appointed Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, as the African champion for its newly unveiled Integrated Aviation Transformation Programme for Africa, a $7bn initiative aimed at repositioning the continent’s aviation industry. Nairametrics reported that, according to the letter of appointment on Wednesday, the appointment follows what it […]

Energy

Global energy shift would require over $1trn, UNCTAD warns

The United Nations Conference on Trade and Development has said the global transition to renewable energy will require more than $1 trillion in annual investments by 2030, warning that developing economies may struggle to meet climate and energy targets without stronger foreign direct investment inflows and wider access to clean technologies. The disclosure was contained […]

Tech

Meta eyes subscription revenue with paid AI plans

Meta plans to begin charging users for certain artificial intelligence features as the company looks to build new AI-era revenue streams beyond digital advertising. The paid offerings, which will apply to the Meta AI app and website, mark the latest step in Meta’s push to compete with rivals including openai, anthropic, and gemini. Meta’s head […]

Opinion

Africa can save $299bn annually via better investment efficiency — AfDB

The African Development Bank has stated that African countries could save as much as $299 billion annually through improved public investment efficiency while unlocking trillions of dollars in development financing through stronger reforms and better domestic resource mobilisation. Nairametrics reported that the disclosure was contained in the 2026 African Economic Outlook report released during the […]

Banking

FUGAZ banks record ₦399.2bn profit from UK operations in 2025

Four of the five FUGAZ banks operating licensed banking subsidiaries in the United Kingdom (Access, GTCO, Zenith, and UBA) posted approximately N399.2 billion combined pre-tax profit from those UK operations for the year ended 31 December 2025. Nairametrics reported that this is according to the full-year 2025 audited financial statements of Nigeria’s tier-one banks, collectively […]

featured Life Style

Kano emerges best state for raising families in 2026

Kano State has emerged as the best state to raise a family in Nigeria, according to a new report that examined quality of life, infrastructure, safety, and affordability across eight states between January and May 2026. The report by SBM Intelligence, titled Where Nigerian Families Actually Thrive, combines findings from two separate surveys: a Quality […]

featured Food

Lagos food prices soar amid rising transport costs — Report

Food prices across major Lagos markets rose again in May 2026, reversing part of the broad-based relief observed in April as transportation costs, seasonal supply fluctuations, and rising logistics expenses affected staple commodities. The rise in major food staples is largely attributable to rising diesel and transport costs, as the price of fuel rose again […]

Economy

Cash outside banks drops ₦104bn after CBN rate cut

Cash held outside Nigeria’s banking system declined by N104.76 billion between February and April 2026 following the Central Bank of Nigeria’s decision to cut interest rates at its first Monetary Policy Committee meeting of the year, fresh data from the apex bank has shown. Figures obtained from the CBN’s money and credit statistics revealed that […]

Business

Ferrari unveils first fully electric vehicle ‘Luce’ 

Italian luxury carmaker Ferrari this week unveiled its first fully electric vehicle to reporters in Rome, Italy, a four-door, five-seater model named “Luce,” developed in collaboration with former Apple design chief Jony Ive and his creative collective LoveFrom. The first Luce models, whose name means “light” in Italian, are expected to begin deliveries in the […]

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