Business

Geregu Power confirms payment of N40bn bond coupon,

  • 21st August 2026

Femi Otedola’s net worth nears $2bn

  • 21st August 2026

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

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Canada to admit 230,000 foreign workers through 2026 programmes

Travel

Geregu Power confirms payment of N40bn bond coupon, principal

Business

Femi Otedola’s net worth nears $2bn

Business

Dangote offers East Africa 30% stake in refinery

Oil and Gas

Blog

Business

CBN launches updated FX manual to boost investor confidence

The Central Bank of Nigeria has unveiled the fourth edition of its Foreign Exchange Manual, advancing reforms designed to enhance transparency, boost liquidity, and strengthen confidence in Nigeria’s FX market. The revised manual was launched on Friday in Abuja by CBN Governor, Olayemi Cardoso, and will come into effect on June 1, 2026. Among the […]

OpenAI makes ChatGPT free, expands access without sign-ups
Tech

OpenAI launches personal finance tools for ChatGPT Pro users

OpenAI on Friday rolled out a preview of new personal finance tools for ChatGPT Pro subscribers in the United States, enabling users to link their financial accounts and ask questions about their spending patterns, budgeting, and long-term financial planning. To power the account connectivity, OpenAI partnered with financial data network Plaid. Users can link accounts […]

News

Strait of Hormuz closed only to our enemies — Iran

Iran has said the Strait of Hormuz is open to shipping from all friendly countries and closed only to its “enemies”. The war in Iran has turned the Strait of Hormuz into a choke point so critical that one misstep could rattle every economy on Earth. “From our point of view, the Strait of Hormuz […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Finance

CBN launches revised foreign exchange manual effective June

The Central Bank of Nigeria on Friday launched the fourth edition of its Foreign Exchange Manual, with the revised framework scheduled to take effect from June 1, 2026, as part of ongoing reforms aimed at improving transparency, liquidity and confidence in Nigeria’s foreign exchange market. The PUNCH reported that speaking at the launch of the […]

Policy and Regulations

Lagos bans petroleum tankers from edible oil distribution

Lagos has banned petroleum tankers from being used in the edible oil distribution chain to strengthen edible oil transportation safety, hygiene, and compliance standards. Nairametrics reported that the restriction is part of a broader framework under a Memorandum of Understanding signed between the Lagos State Consumer Protection Agency and key stakeholders in the sector, as […]

Finance

Nigeria’s mutual funds NAV hits ₦8.77trn in April

Nigeria’s mutual funds industry sustained its growth momentum in April 2026, with total Net Asset Value climbing to N8.77 trillion, reflecting increased investor participation across major fund categories despite mixed performance in some fixed-income products. Nairametrics reported that according to data compiled from the SEC weekly Net Asset Value shows that aggregate NAV rose from […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote seeks court order to revoke fuel import approvals

Dangote Petroleum Refinery has instituted a fresh suit challenging the fuel import licences granted to the Nigerian National Petroleum Company Limited and several fuel marketers, reviving the dispute over petrol importation despite improvements in local refining capacity. According to court filings submitted at the Federal High Court in Lagos and cited by Reuters, the mega-refinery […]

Opinion

ADC accuses Tinubu of running ‘ponzi economy’ over fresh $1.25bn loan

The African Democratic Congress, on Thursday, accused President Bola Tinubu’s administration of running what it described as a ‘Ponzi economy’ after the Federal Government moved to secure another $1.25 billion World Bank loan despite Nigeria’s growing public debt estimated at about N159.28 trillion. The opposition party said the fresh loan request has further fuelled concerns […]

Inflation in Nigeria continues to rise, reaching an all time high almost 30% in annual terms, attributed to rising food cost and the foreign exchange crises.
Economy featured

Nigeria’s inflation may rise again after April’s 15.95% surge — Report

Nigeria’s inflation rate may increase for the second consecutive month, reaching 15.95 per cent in April 2026, amid rising fuel prices, food supply challenges, and renewed pressure from global oil market volatility. This projection was contained in the latest Coronation Inflation Outlook released on Thursday. The report warned that the country’s period of easing inflation […]

YouTube to tighten gambling content policies
Tech

YouTube Shorts hit 2 billion monthly TV viewing hours

YouTube has said its short-form video product, Shorts, is gaining unexpected traction on television screens, even though the format is designed primarily for mobile devices. The company disclosed that viewers now watch more than 2 billion hours of YouTube Shorts—videos of up to three minutes, on TV each month, underscoring a shift in how audiences […]

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