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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

  • 5th August 2026

Businessman accuses ‘fake’ agency DG of N400m contract

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EFCC defends Osun account freeze, cites N11bn probe

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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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FG seeks AI experts for technological innovation
News Tech

FG seeks AI experts for technological innovation

Nigeria’s Minister of Communications, Innovations, and Digital Economy, Bosun Tijani  is seeking the expertise of Nigerians and foreigners with experience in AI to help the creation of a better plan for encouraging technological innovation. “We’re curating a list of the top researchers of Nigerian descent from all over the world to join us in co-creating […]

Visa to launch contactless payments in Kenya
News Tech

Visa to launch contactless payments in Kenya

Visa is collaborating with regional banks and fintech firms in order to introduce contactless payments in Kenya. Customers will be able to make purchases without using a card or physical wallet. Customers can utilise the Thales-powered service to make in-store purchases using their banking app by tapping their Near-field communication-enabled smartphones at any contactless payment […]

FG unveils plan to create 4.4 million jobs by 2027
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88.2% labour force lack salary-paying jobs – Report

A research by The Punch indicates that 88.2% of Nigerians of working age do not have salary-paying jobs. According to National Bureau of Statistics data, only approximately 11.8 percent of working-age Nigerians had salary-paying jobs in the first quarter of 2023. Wage employment is defined as any salaried or compensated job under contract (written or unwritten) to […]

Threads introduces edit button
News Tech

Threads launches web version

Threads, Meta’s rival to Twitter as the preferred platform for celebrities, businesses, and governments, is now accessible on the web. The most active users of social media during work hours are thought to be professionals and members of the media, thus a web version of Threads is viewed as essential to luring them in. “Threads.net […]

PlayStation unveils $200 remote-play portal
News Tech

PlayStation unveils $200 remote-play portal

PlayStation Portal has unveiled a remote-play device, the PlayStation Portal. Here are the current specifics. First of all, the Portal costs $199.99. Second, as the Portal is only compatible with remote play, a PS5 must be owned. Similar to PlayStation’s DualSense controllers, the Portal’s hardware features adjustable triggers and haptic feedback. It also has an […]

Cash shortage: Bank debts to CBN hits N12tn
News

Cash shortage: Bank debts to CBN hits N12tn

          Commercial banks and merchant banks appear to be increasingly reliant on the Central Bank of Nigeria for liquidity, with borrowing from the central bank growing in the final eight months of 2022. Commercial banks and merchant banks borrowed a total of N12.46tn from the CBN during the first eight months […]

Equity market loses N92bn as stocks tumbles
Business

Stock market maintains upward rally despite poor GDP data

The Nigerian stock market has been dominated by a bullish trend against the backdrop of the Gross Domestic Product, GDP, which reported a 2.51% rise in the second quarter of 2023, Q2’23, a considerable drag below both the first quarter result and experts’ predictions. Vanguard reported that the Nigerian Exchange Limited, NGX, All-Share Index, ASI, […]

New expatriate levy sparks concerns over regional integration
Business

Economic growth hampered by low productivity – CPPE

The Centre for the Promotion of Private Enterprise and the Lagos Chamber of Commerce and Industry have identified falling productivity as a factor limiting the country’s economic progress. The Punch reported that this was declared by the economic think-tank and commerce chamber in response to the National Bureau of Statistics’ Gross Domestic Product data for the […]

Nigeria's FX reserves hits three-month peak
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External reserves drop by $915m over naira float

Nigeria’s external reserves fell by $915 million following the Central Bank of Nigeria’s formal flotation of the naira and liberalization of the foreign exchange market. According to CBN statistics released on Sunday, reserves declined from $34.66 billion on June 14, 2023, when the naira was launched, to $33.74 billion on August 24, 2023. On June […]

Tony Elumelu to give speech at ECOWAS forum
Business

Power plants’ operation affected by gas shortage, Elumelu tells FG

The Tony Elumelu Foundation’s Founder, Tony Elumelu, has disclosed that a lack of appropriate gas supply is impacting the operation of the country’s power plants. According to The Punch, he claimed this was harming the country’s electricity supplies. He mentioned this on Sunday at the Nigerian Bar Association’s Annual General Conference. During his remarks at the occasion, […]

Senate approves Yuguda, Cardoso, others as MPC members
Business

Nigeria can earn $3bn per year from solid minerals – Senate

Nigeria’s potential revenue from solid minerals, according to the Senate’s Committee on Finance, is roughly $3 billion. According to The Punch, Chairman of the Finance Committee, Senator Sani Musa, stated on Sunday that the informal sector, notably the mining business, is a hidden treasure in our revenue potential. He also claimed that the Senate Finance Committee […]

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