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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Manufacturers’ confidence rebounded in Q2 despite operating challenges —

Business

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

Finance

Firms expect borrowing costs to ease in coming months

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Freight agents, Customs clash over Single Window rollout

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International investors remain cautious as Cardoso seeks cash infusions - Report
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Tinubu nominates Olayemi Micheal as CBN governor

Juliet Buna President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria. A statement by the President’s spokesperson, Ajuri Ngelale said the new CBN governor will work for a term of five (5) years at the first instance, pending his confirmation […]

TikTok launches campus verification to help students connect
News Tech

TikTok fined for violation of children’s data in Europe

TikTok was fined 345 million euros ($370 million) for violating EU privacy legislation pertaining to the processing of children’s personal data. According to a statement by Ireland’s Data Protection Commissioner, the Chinese-owned short-video platform violated several EU privacy regulations between July 31, 2020, and December 31, 2020. The platform is popular among teens worldwide and […]

Apple shares rise amid AI-driven sales growth forecast
News Tech

Apple to upgrade iPhone 12 software after French ban

Apple promised on Friday to upgrade the software on iPhone 12 in France in order to resolve a controversy regarding radiation levels. Following tests that the country claimed revealed violations of radiation exposure restrictions, France this week stopped sales of iPhone 12 smartphones. Apple refuted the findings, claiming that the iPhone 12 was approved by […]

Nigeria's inflation rate dips first time in 19 months
News

Nigeria’s inflation hits 25.80% – NBS

      The Consumer Price Index report for August 2023, which was released by the National Bureau of Statistics on Friday, shows that Nigeria’s inflation rose to 25.80% in August 2023, which is 1.72% higher than the previous month’s rate of 24.08%. According to the report, the significant increase reflects the impact of the […]

SEC closes down firm over illegal investments
Business

SEC to get N5trn in Shari’ah-compliant listings

The Securities and Exchange Commission has reiterated its objective to list 50 Shari’ah-compliant items by 2025, with a total market value of over N5 trillion. According to The Times, the Executive Commissioner of Operations, Mr. Dayo Obisan, represented the Director-General of the SEC, Mr. Lamido Yuguda, at a workshop organized in Abuja for indigenous Shariah talent […]

Business

Nigeria’s public debt hits N87.3trn Q2 2023- DMO

Nigeria’s overall public debt increased to N87.38 trillion by the end of the second quarter of 2023, according to the Debt Management Office. According to The Times, when compared to the N49.85tn reported at the end of March 2023, this statistic shows a significant rise of 75.29 percent or N37.53tn. In a recent report, the DMO […]

Aviation ministry gets N40bn approval for NAVAID upgrade
Aviation

Africa faces growing demand for 54,000 aviation professionals by 2042- Expert

Nigeria and other African nations will need at least 54,000 technical workers in a variety of aviation-related sectors by 2042. According to The Times, it was also predicted that in the next 20 years, Nigeria’s air transport sector will grow by at least 5% yearly. During the current 7th Aviation Summit taking place in Abuja, the Marketing Director, Airbus, […]

Oil and Gas

Crude oil price hits $94 per barrel

Brent crude soared to $94 per barrel late on Thursday, September 14, according to a survey of world crude prices on Oil Price. This increase was caused by mounting concerns over the availability of crude. The Times reported that the impact of oil production cuts in Saudi Arabia and Russia, which have contributed to the recent […]

Airtel Africa purchases 491,861 shares from Citigroup Global
Telecommunications

Airtel Nigeria denies contracting solar projects to power 600 base stations

Airtel Nigeria, a telecommunications service provider, has denied a recent allegation that it had contracted WATT Renewable Corporation to supply more than 32MW of installed solar PV and storage over 600 cell sites in Nigeria. According to The Times, the Director of Corporate Communications and CSR at Airtel Nigeria, Femi Adeniran, claimed in a statement that Airtel Nigeria’s […]

Air Peace condemns “Unruly Conduct” at Lagos airport
News

Air Peace to acquire $300m worth aircrafts

  West Africa’s largest airline, Air Peace, has agreed a deal with aircraft maker Embraer Aerospace Corporation to acquire an additional 10 new aircraft worth $300 million. According to Arise TV, this was disclosed by the Chief Executive Officer, Allen Onyema, at the Aviation Africa Summit and Exhibition, held in Nigeria’s capital, Abuja, on Thursday. […]

WhatsApp accuses Moscow of attempting to block communications
News Tech

Meta denies exploring ads to boost WhatsApp revenue

WhatsApp’s senior executive on Friday refuted a Financial Times report that said the messaging service was looking at advertising as a way to increase revenue. “This @FT story is false. We aren’t doing this,” Will Cathcart, the head of WhatsApp, stated this in a post on social networking site X, formerly known as Twitter. According […]

Food drives August's inflation rate to 25.80% - NBS
Business

Food security: FG launches sub-saharan systems dashboard

The Sub-National Food Systems Dashboard, which will update the Presidency on policy measures and track the food system transformation agenda for national development, was launched by the Federal Government on Thursday. According to The Times, the Minister of State for Agriculture and Food Security, Sen. Sabi Aliyu-Abdullahi, made this announcement at the Abuja inauguration. He continued […]

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