Business

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

Tinubu gets ICPC report on alleged fake agency

  • 6th August 2026

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

Finance

Firms expect borrowing costs to ease in coming months

Business featured

Freight agents, Customs clash over Single Window rollout

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Lagos needs 40,000 more doctors, says Sanwo-Olu

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Blog

NEITI to release old data, says global body
Business

238 mining firms owe FG N1.06bn – NEITI

The Federal Government is owed roughly N1.06 billion in annual service fees by 238 companies, according to the Nigeria Extractive Industries Transparency Initiative. According to The Punch, this information was included in the newly released NEITI Industry report for the Solid Minerals Industry for 2021. “From the IA review of MCO’s record of mineral title […]

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Marketers suspend fuel imports, await FG’s promise on refineries

Oil traders have postponed their intentions to import Premium Motor Spirit, more commonly known as petrol, as they eagerly await the start of local production of refined petroleum products by Nigeria’s refineries in December of this year. According to The Punch, operators in the downstream oil industry claimed that, given the difficulty in obtaining the […]

Nigerians spent N509.84bn on electricity in Q4 2024 - NERC
Electricity

40% prepaid meters increase expensive for average consumer – Group

The price of single-phase prepaid meters in Nigeria has increased by 40%. According to the advocacy group Electricity Consumer Protection Forum, this is of great concern to the typical consumer. According to The Times, in a statement issued on Friday, the group, represented by its National Coordinator, Adeola Samuel-Ilori, expressed similar worries and called for […]

G20 membership to help Africa overcome global difficulties - AU
News

G20 membership to help Africa overcome global difficulties – AU

The African Union Commission’s chairperson, Moussa Faki Mahamat, has praised the African Union’s admission to the G20, saying it will assist the continent in facing global concerns. According to The Times, after the African Union was given permanent membership status in the G20, the chair of the AU Commission announced this via his X (previously Twitter) […]

Aviation

Keyamo sets up taskforce for relocation of airlines

The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has established a five-person task force to address any issues that may result from the abrupt relocation of international airlines from the old international terminal of the Murtala Muhammed Airport in Lagos to the terminal that was recently opened at the same airport. In a press […]

Naira plunges to record low against pounds
Business

Naira drops to N930/$ at parallel market

The naira-to-dollar exchange rate fell to N930/$1 on the parallel market on Friday. The Times reported that the exchange rate indicates a decrease of 0.32% from N927 to the dollar, which traded on Thursday during the previous session. In contrast, according to the I&E window on the FMDQ website, the naira started at N767.83 to the […]

Reddit unveils new privacy feature, gives users control over profile
News Tech

Reddit launches translation feature for posts

Social network, Reddit has disclosed that it is now possible to translate posts on the platform into eight other languages. “We’ve also started experimenting with translations to the comments on iOS and Android, so a few of you may notice this experiment too. Soon, your entire conversation experience on Reddit can be multilingual!,” Reddit said […]

No going back on Port Ondo actualization, says Akeredolu
Business

No going back on Port Ondo actualization, says Akeredolu

Juliet Buna Ondo State Governor, Oluwarotimi Akeredolu has reaffirmed the commitment of his administration to actualising a Deep Sea port in the state. A statement by the Chief Press Secretary Richard Olatunde said the Governor spoke on Friday during a Stakeholders’ meeting with members of the National Assembly from Ondo State. The Governor said there […]

Chinese, Nigerian energy firms sign $1bn gas flaring deal
Oil and Gas

Sahara Energy, Ministry of Gas, NMDPRA, partner to develop gas

The Nigerian Midstream Downstream Petroleum Regulatory Authority, Sahara Energy Group, and the Ministry of Petroleum are planning to work together on gas development in the country. According to The Times, this is in line with a statement made by Sahara Energy. According to the statement, the Nigerian Midstream and Downstream Petroleum Regulatory Authority Chief Executive, Engr. Farouk […]

Nigerian Exchange ahead in Africa with 33.70% gain
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Why CBN’s currency swap hit $12bn despite low reserves

Fitch Ratings has reported that the Central Bank of Nigeria’s currency swaps with local banks will be worth between $10 billion and $12 billion by the end of 2022. According to The Punch, it was said that this represented 30% of the country’s gross reserves (at $37 billion as of the end of 2022) and consisted of […]

Roblox launches on PlayStation
News Tech

Roblox launches on PlayStation consoles

Gaming developer Roblox intends to make its platform for virtual reality experiences available on PlayStation systems by October. Following the release of a test version in July, Roblox will also make its software fully accessible on Meta’s Quest mixed reality headsets this month. According to a blog post by the company, that version was downloaded […]

Flutterwave emerges CNBC’s 14th disruptor
News Tech

Flutterwave expands into India

Flutterwave, the most valuable startup in Africa, has partnered with IndusInd, India’s sixth-largest bank by assets, to offer its remittance product in India. The collaboration will enable the fifth-largest economy in the world to use Flutterwave’s remittance service, Send App, to send money to the continent of Africa. “The Indian expansion for Flutterwave will be […]

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