Business

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

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

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Atiku raises alarm over unexplained deposit into his private

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Manufacturers’ confidence rebounded in Q2 despite operating challenges —

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Naira holds steady at ₦1,368/$ in official FX market

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Firms expect borrowing costs to ease in coming months

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Stock market weakens despite banking sector’s Q1’23 results

While the local bourse reversed the gains from the previous week as the All-Share Index, ASI fell by 1.1% Week on Week, W/W to close at 67,395.74 points, the banking sector on the Nigerian Exchange Limited has demonstrated its resilience. According to Vanguard, more first-tier banks have graced the market with their impressive half-year earnings reports. […]

Prosus, Naspers CEO Bob Van Dijk resigns
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Prosus, Naspers CEO Bob van Dijk resigns

The chief executive of Dutch e-commerce investor Prosus and its majority shareholder Naspers, Bob van Dijk, has resigned from both the top position and the boards with immediate effect. Ervin Tu, group chief investment officer at Prosus, has been promoted to interim chief executive of the companies with significant investments in major software, payments, edtech, […]

News Tech

Kenyan firm unveils electric vehicle models for mass transit

Electronic company, Roam has developed a new shuttle bus model called Move as Kenya continues to push for the adoption of electric vehicles. As a result of Kenya’s accelerated adoption of electric vehicles, rising fuel prices, and calls for a switch to sustainable transportation options, Roam now plans to increase the production of the Move […]

Business

Operators blame greed for decline in housing sector

Real estate professionals have blamed greed for the decadence in the country’s real estate market. The Punch reported that the chief executive officer of Land Republic, Victor Adegbile, stated that developers needed to adopt a value system that prioritized people before money. According to him, a nation cannot stand if it prioritizes financial gain over the security […]

Business

23 states increase foreign loans by 64%

To reach $462.81 million as of the end of June, 23 Nigerian states had increased bilateral loans by 64.26 percent over the previous six months. The Punch reported that the majority of the loans were obtained from France, China, India, and other nations. This was true despite the naira’s ongoing decline, which raised the cost of […]

Electricity

Discos to resume meter deployment – IKEDC

The electricity distribution providers will start handing out prepaid meters again this week as part of the Meter Assets Provides program. The punch reported that this was stated by Ikeja Electric’s Head of Metering Team, Morenikeji Amosun, at a virtual stakeholders’ forum. Amosun informed the attendees of the meeting that a fresh batch of meters […]

Ex-minister faults Obasanjo on Mambilla power project
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Ex-minister faults Obasanjo on Mambilla power project

A former minister for power and steel, Dr. Olu Agunloye, called the claim that he mismanaged the Mambilla power plant “baseless, false, and malicious.” According to The Punch, he made a strong and thorough denial of former president Olusegun Obasanjo’s claim in a statement on Sunday, claiming it was unworthy of note. Agunloye was accused by Obasanjo of […]

Business

Financial experts urge business owners to be creative

Business owners have been urged by financial experts to navigate the volatile market dynamics through innovation to gain a competitive advantage. The Punch reported that the financial experts gave this advice on Saturday in Lagos at a Citadel Global Community Church empowerment team session titled “Strategies for creative turnaround in uncertain times – Identifying opportunities and seasons.” […]

RMAFC unveils revenue collection software
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RMAFC unveils revenue collection software

The Revenue Mobilisation Allocation and Fiscal Commission claimed to have created software to improve transparency in the three tiers of government’s sharing and drafting of general revenue policy. The RMAFC Chairman, Mr Mohammed Shehu, disclosed this in a Sunday interview with the News Agency of Nigeria. “So, we now have software through which the states […]

Google launches AI-powered app NotebookLM
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Google launches Read Aloud feature

Google is introducing its “Read Aloud” function using the most recent Canary release of Chrome in order to deliver its own version of a feature seen in Microsoft Edge. The “Read Aloud” feature offered by Google and Microsoft are nearly identical, but because Chrome has a far wider user base, more people will benefit from […]

Elon Musk unveils AI startup
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Elon Musk to integrate iMessage, WhatsApp in one app

Elon Musk, the CEO of X and SpaceX, has stated that he is “working on” combining “iMessage, WhatsApp, and Signal” into one giant application. Musk has previously stated that his goal for X after purchasing Twitter is to build a “everything app” with a variety of features that go above and beyond typical social media. […]

Emefiele resigned as CBN governor in August - Report
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Emefiele resigned as CBN governor in August – Report

  A report published by Renters has indicated that suspended Governor of the Central Bank of Nigeria, Godwin Emefiele, resigned from his position in August. This paves way for the nomination of Mr. Yemi Cardoso as the new apex bank head. Am Business reported that President Bola Tinubu on Friday named Cardoso the new governor […]

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