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Osun to sue EFFC over frozen account

  • 5th August 2026

US introduces $250,000 visa bond rule for some

  • 5th August 2026

Delta attracts foreign investors as Brazil, Malaysia, explore

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Businessman accuses ‘fake’ agency DG of N400m contract

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EFCC defends Osun account freeze, cites N11bn probe

News

Osun to sue EFFC over frozen account

Business

US introduces $250,000 visa bond rule for some applicants

Business

Delta attracts foreign investors as Brazil, Malaysia, explore partnerships

Business

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Only four Nigeria states attract foreign investment in Q4 - Report
Business

Product taxes hit N1.36trn in six months – NBS

The country’s product taxes increased to N1.36 trillion in the first half of 2023 despite widespread suffering getting worse. This is a 113.29 percent increase from N636.19 billion in the first six months of 2021 and a 25.00 percent increase from N1.09 trillion in the same period of 2022. These figures are based on current basic […]

Shareholders to get N1.5bn dividend - NGX Group
Business

NGX ASI hits 15-year high of 66,490

The Nigerian Exchange Limited’s All-Share Index surged to 66,490.34 basis points at the close of trade on Tuesday, breaking a 15-year high. The Punch reported that the ASI increased by 0.51 percent to 66,490.34 points from 66,151.38 on Monday, surpassing the Exchange’s best value of 66,371.20 on March 5, 2008. The achievement is due in part […]

Inflation causes decline in private sector productivity, employment - PMI
Banking

Stanbic’s H1 2023 profit grows by 121%

Stanbic IBTC Holdings Plc released its half-year 2023 financial report, which showed a 121.46 percent increase in Profit After Tax to N67.919bn from N30,669bn for the same period in 2022. The Punch reported that the financial report was filed with the Nigerian Exchange Limited following a delay caused by the lender seeking approval from its primary […]

Local transactions hit N1.968tn, beats 2022 result - Report
Business

Local transactions hit N1.968tn, beats 2022 result – Report

The value of domestic transactions on the Nigerian Exchange Limited has reached N1968.4 billion year to date, which is 1.18 percent higher than the total value of domestic transactions for the year 2022, which was N1945 billion. According to The Punch, as of July 2022, the total value of domestic transactions was N1.49 trillion. This […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

How FG lost N1.9trn to oil theft in July – Report

Crude oil theft may have cost the country an enormous N1.9tn in revenue loss in July. The estimate was reached when the National Security Adviser, Nuhu Ribadu, led a presidential delegation to tour oil and gas installations at Owaza in Abia and Rivers State last week. According to Ribadu, Nigeria is losing 400,000 barrels of […]

Flour Mills shareholders approve BAGCO as subsidiary
Business

Flour Mills annual profit hits N29.504bn

Flour Mills of Nigeria Plc, a food and agro-allied company, increased its profit by 5.32 percent to N29.504 billion at the end of the fiscal period, March 2023, from N28,015 billion at the same time in 2022. The Punch reported that the business also reported a 32% increase in income from N1.163tn to N1.539tn in its […]

FG plans to raise $50m impact investment fund
Business

China, India, Mexico, others plan new investments in Nigeria

Chinese, Indian, Mexican, and Indonesian ambassadors have stated that their governments will continue to invest in the Nigerian economy. The envoys spoke during the International Business Conference and Expo 2023, which was held by the Lagos Chamber of Commerce and Industry and with the topic “Invest Nigeria.” The Chinese ambassador to Nigeria, Jian Chun, stated in […]

Health ministry to raise sugar tax to 20%
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Health ministry to raise sugar tax to 20%

    The Federal Ministry of Health has demonstrated its dedication to augmenting the tax on Sugar-Sweetened Beverages, proposing an increase from the existing rate of 10 per cent to 20 per cent. The purpose of this initiative is to address the escalating public health issues linked to the excessive intake of sugar. According to […]

Google enables users to access photos on multiple devices
News Tech

Google enables users to access photos on multiple devices

Google on Tuesday announced that photos will now use cloud backup to sync your private photos from your Locked Folder across all of your devices. The Locked Folder, which was first made available to Android users in May 2021, lets users save private images in a passcode-protected area so that the photos are hidden from […]

Meta introduces message summaries to WhatsApp
News Tech

WhatsApp launches app for Mac users

WhatsApp on Tuesday unveiled a new native app for Mac. Users of the software will be able to hold audio and video chats with up to 32 people and up to eight participants, respectively. On his Facebook page, Mark Zuckerberg published a message announcing the app’s release. The programme can be downloaded by users from […]

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