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Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

NPF Microfinance Bank grows profit before tax by

  • 25th July 2026

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

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Global FDI hits $1.6trn in 2025 as Nigeria’s inflow

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Etihad Airways to resume flight operations in Nigeria

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Nigeria secures $155m clean energy investments

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Coronation Infrastructure Fund announces ₦789.78m payout to investors

The Coronation Infrastructure Fund has announced a semi-annual income distribution of N8.985 per unit for the half-year ended June 30, 2026, amounting to approximately N789.78 million payout to the 87.9 million shares outstanding. This is according to a corporate filing with the Nigerian Exchange by the Fund on Thursday, July 16, pursuant to Section 25 […]

News

NDLEA declares meth kingpin wanted, freezes ₦9.84bn in bank accounts

The National Drug Law Enforcement Agency has declared a methamphetamine kingpin, Nnamuka Kelvin Uchenna, and three associates wanted following the discovery of a clandestine drug laboratory in Imo State, freezing nearly N9.84 billion in bank accounts. The agency made this disclosure in a statement on Friday signed by Director, Media and Advocacy, Femi Babafemi, revealing […]

Business

NGX dips as BUA Cement’s selloff offsets banking gains

The Nigerian equities market closed marginally lower on Thursday, July 16, 2026, as a sharp selloff in heavyweight industrial stocks, led by BUA Cement, outweighed strong buying interest in banking counters and First HoldCo’s historic rally. The NGX All-Share Index declined by 0.09 per cent to 242,145.61 points, down from 242,366.75 points in the previous […]

Business

Tier-1 banks drive bullish momentum in stock exchange

Nigerian stocks maintained their year-to-date bullish momentum after a short profit-taking correction in June. Latest market activity showed the NGX’s All-Share Index resumed its consolidation near its recent all-time highs, cementing Nigeria as one of the world’s best-performing equities in the US dollar-adjusted index. Latest price action showed the Nigerian major stock market traded around […]

News

BREAKING: Andy Burnham becomes Labour Party leader, set to be UK PM

Veteran United Kingdom politician Andy Burnham was Friday confirmed as the new leader of the ruling Labour Party, and is now set to be Britain’s next prime minister. “There being no other eligibly nominated candidate, it is therefore my honour to declare that the duly elected leader of the Labour Party is Andy Burnham,” interior […]

Energy

REA signs MoUs with seven firms to bridge energy gap

Rural Electrification Agency on Thursday signed strategic Memoranda of Understanding with seven organisations across various sectors as part of efforts to bridge the gap between energy access and productive economic output. The signatories included the Agricultural Agenda Nigeria Initiative, Federal Housing Authority Energy Distribution Limited, Meyana Energy Ltd, MOPO Nigeria Ltd, NG Electometer Ltd, Ubuntu […]

Investment

Yobe gov approves ₦460m to empower ‘akara’ sellers, other MSME traders

The Yobe State Government has approved N460.83 million to empower female small business owners, including akara sellers, across the state. The approval was part of resolutions reached at the State Executive Council meeting presided over by Governor Mai Mala Buni at the Government House, Damaturu, on Thursday. Briefing journalists after the meeting, the Commissioner for […]

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Ex-NPIMS boss denies alleged ₦210trn missing from NNPC accounts

Former Group General Manager of the National Petroleum Investment Management Services, Bala Wunti, has disclosed that there was no evidence in the 2023 audited financial statements of the Nigerian National Petroleum Company Limited to support claims that N210 trillion went missing from the company’s accounts. Wunti made this disclosure when he appeared before the Senator […]

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US House votes to cut Nigeria’s aid by 50%

The United States House of Representatives has approved a 50 percent cut in assistance to Nigeria over what it described as the federal government’s failure to protect Christian communities from religiously-motivated violence. The National Security, Department of State, and Related Programs Appropriations Bill, passed by the House Wednesday, provides a total discretionary allocation of 47.32 […]

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Senate passes bill to stop hawkers, preachers in buses, slaps ₦50,000 fine

The Senate on Thursday passed the Federal Road Safety Corps (Amendment) Bill, 2026. The bill proposes a N50,000 fine for anyone convicted of hawking, trading or preaching inside commercial vehicles. The legislation seeks to strengthen road safety enforcement and curb practices considered capable of distracting drivers. It now awaits presidential assent. If signed into law, […]

Business

SEC begins investor awareness drive to unlock unclaimed capital market funds

The Securities and Exchange Commission has launched a nationwide investor enlightenment campaign aimed at helping Nigerians recover unclaimed dividends and other outstanding funds from capital market transactions. The initiative was announced in a statement issued by the Commission following a town hall meeting held in Lagos on Thursday, July 16. According to the SEC, the […]

Business

CBN tightens BDC forex rules with new tracker, 24-hour resale directive

The Central Bank of Nigeria has introduced the FX BDC Purchase Tracker and directed Bureau De Change operators to resell any foreign exchange purchased from the official market that remains unutilised within 24 hours after the approved utilisation period expires. The new operational guidelines, issued by the apex bank, outline the framework for licensed BDCs […]

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