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

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featured

Oil prices rise after US-China talks on energy trade

Oil prices climbed on Friday after United States President Donald Trump said China had agreed to buy American oil following discussions with Chinese President Xi Jinping. Brent crude futures for July rose 1.49 per cent to $107.30 per barrel, while U.S. West Texas Intermediate futures for June increased 1.55 per cent to $102.74 per barrel. […]

featured Finance

Naira weakens at parallel FX market to ₦1,392/$

The Naira on Thursday depreciated to N1,392 per dollar in the parallel market from N1,388 per dollar on Wednesday. Similarly, the naira depreciated to N1,371 per dollar in the Nigerian Foreign Exchange Market, NFEM. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market fell to N1,371 per […]

US DOJ probes Visa over antitrust issues
Business

Visa unveils AI-powered dispute services for banks, merchants

Visa has launched six new AI-powered dispute resolution services designed to help financial institutions and merchants cut fraud-related losses and lower administrative costs. In a statement, the digital payments company said the tools will modernise dispute management, enhance visibility into fraud-related expenses, and enable businesses to focus more resources on growth, innovation, and customer experience. […]

Business

IPMAN slams NNPCL over bid to raise Dangote Refinery stake

The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, has criticised the Nigerian National Petroleum Company Limited over its bid to raise its equity stake in the Dangote Petroleum Refinery, citing the deteriorating condition of state-owned refineries. Ukadike was responding to remarks by the President of the Dangote Group, Aliko […]

Google to revises app rules after EU charges over market abuse
Tech

Google denies breaching online safety law over suicide forum listing

Google has denied breaching the UK Online Safety Act after being accused of promoting a “nihilistic” suicide-related forum linked to 164 deaths in the United Kingdom, despite the content being restricted under UK law. The UK’s internet regulator, Ofcom, previously fined the forum’s US-based operator £950,000, stating the site “presents a material risk of significant […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Banking

First HoldCo elevates Omodayo-Owotuga to executive director role

FirstBank of Nigeria Limited, a subsidiary of First HoldCo Plc, has appointed Dr Julius B. Omodayo-Owotuga as Executive Director, effective May 13, 2026, in a move aimed at strengthening its leadership across finance, governance, risk management and transformation. The appointment, announced via a filing on the Nigerian Exchange, noted that Omodayo brings 24 years of […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Business

Nigerians use 45,800 terabytes of data daily — NCC

The Nigerian Communications Commission has disclosed that Nigerians now use about 45,800 terabytes of data daily, underscoring the country’s growing reliance on internet services and digital platforms. The Executive Vice Chairman and Chief Executive Officer of the commission, Aminu Maida, made this disclosure on Thursday at the 2026 Workshop for Judges on Legal Issues in […]

Economy

Nigeria’s inflation rose to 16.42% in April

Nigeria’s headline inflation is forecast to rise to 16.42 per cent year-on-year in April 2026, as sustained pressure from food prices, higher energy costs and elevated global commodity prices continue to shape the domestic price environment. The projection is contained in the Financial Market Dealers Association Inflation Forecast report for April 2026, released on Wednesday, […]

Investment

PenCom grants PFAs waiver to invest in Dangote Refinery IPO

The National Pension Commission has granted Pension Fund Administrators a special regulatory waiver allowing them to invest pension assets in the upcoming Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals FZE. Nairametrics reported that the waiver, announced in a circular dated May 13, 2026, effectively suspends several investment restrictions, marking a significant shift in […]

featured Scams

VIDEO: Victims loot XM ponzi office in Badagry after crash

Angry victims of the recently crashed “XM Future Music Group” investment platform have reportedly looted the company’s office in the Apa area of Badagry, Lagos State, after losing access to their funds. Videos circulating online showed residents and suspected investors storming the abandoned office and carting away items, including generators, plastic chairs, fans, televisions and […]

featured Opinion

‘Stop giving Tinubu’s govt loans’, Nigerians on X warn World Bank

Economists and Nigerians have raised concerns about Nigeria’s debt level, describing it as a high-risk fiscal state, warning that improvement is necessary despite stability in some critical debt measures. Nigerians have taken to social media, urging the World Bank to reject the recent proposed $1.2 billion loan request. The Nigerian Economic Summit Group has cautioned […]

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