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Lasaco Assurance raises ₦19.3bn in rights issue

  • 28th July 2026

United Capital posts ₦24.8bn pre-tax profit in H1

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Nigeria is facing shortage of investment-ready startups, not

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AMCON recovers N165bn from bank debtors in H1

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Cash outside banks drop to ₦4.92trn, lowest in months

Banking

Lasaco Assurance raises ₦19.3bn in rights issue

Business

Nigeria, Netherlands deepen partnership on migration, human smuggling

Travel

United Capital posts ₦24.8bn pre-tax profit in H1 2026

Business

Blog

Naira fall'll worsen Nigeria’s food, energy crisis — W’Bank
Economy

Global economy vulnerable to recession in 2023 – World Bank

The World Bank has warned that “even a moderate hit” could tip the global economy into recession in 2023.   The global financial institution made this known it’s recently published 2022 review, saying that the global economy is in its steepest slowdown since 1970 and that “consumer confidence (is) already suffering a much sharper decline […]

Delta airline halts Lagos to New York flights
Aviation featured

Domestic flight prices rise by 97% – NBS

Current data from the National Bureau of Statistics has shown that the average price of a plane ticket in Nigeria increased from N37,022.97 in November 2021 to N73,267.57 in November 2022./lime6 This implies an increase of 97.09 percent,’ according to the Transport Fare Watch report for November 2022 from the NBS. The survey also revealed […]

Oil Theft: Nigeria loses $150m every two days
featured

Economic expert implores federal, state govt. to fight off insecurity, oil theft

Development and economics specialist, Dr. Chiwuike Uba, has encouraged the federal and state governments to work together to take decisive action against pervasive insecurity and oil theft. The Amaka Chiwuike-Uba Foundation Board Chairman, Uba stated in a statement on Tuesday that the two key issues had completely disrupted the nation’s financial flow and earnings for […]

News

6,047 BVN on watchlist over fraudulent activities – CBN

  Findings have revealed that the Central Bank of Nigeria has placed at least 6,047 Bank Verification Numbers of bank customers under its watchlist. According to The PUNCH, this was contained in the CBN Financial Stability June 2022 report published in December 2022. 11,871 BVNs have been added to the watch list this year as […]

Business

Prioritize access to sanitary products, P&G, NCWD tell FG

Proctor and Gamble, or P&G, has asked the federal government, civil society, and the private sector to give priority to efforts to combat the stigmatization of period health, access to menstrual health products, and hygiene education. The National Centre for Women Development, NCWD, and P&G recently worked together to increase the skills of Nigerian women […]

News

Nigerian investors gain N213bn in December

  Nigerian stocks maintained their upward trend throughout the week to post net capital gains of N213 billion during the festive period. According to the Nation, the average return on the Nigerian stock market was 0.79 percent, which corresponds to a net capital gain of N213 billion. This caused the average year-to-date return on the […]

Funke Bucknor to host 2023 TEXA business conference
featured

Funke Bucknor to host 2023 TEXA business conference

The Event Xperience Africa Conference’s organizers have announced that their third edition, with the theme “The Reset,” will take place in January, and promises to be an impactful, immersive, and educational experience for professionals and business owners in the event industry throughout Africa. In a statement, Funke Bucknor-Obruthe, conference organizer and managing director/CEO of Zapphaire […]

E-commerce

Naira notes production, destruction costs N800bn – CBN

The Deputy Governor, Financial System Stability, Central Bank of Nigeria, Aisha Ahmad, has revealed that the CBN spent N800bn between 2017 and 2021 on the production, storage, transportation and destruction of the currency. According to The PUNCH, Ahmad, revealed this on Friday during her appearance before the House of Representatives. Findings by Sunday PUNCH reveal […]

News

Nigeria needs N3.7 yearly to tackle poverty – World Bank

The World Bank has revealed that Nigeria would need to spend N3.7 trillion to end the country’s rising rate of poverty. This was noted by the financial institution in its synthesis report for the Nigeria Country Economic Memorandum: Charting a New Course, which was released earlier this month. The World Bank also pointed out that […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
Oil and Gas

Senate kicks as NUPRC revoke oil field from Bayelsa

The upper chamber of the National Assembly has ordered the Nigerian Upstream Petroleum Regulatory Commission to reverse the Atala marginal oil field license revoked from Bayelsa.   Daily Trust reported that the operating licence was revoked in 2020 by the defunct Department of Petroleum Resources and re-awarded to another oil firm, Halkin Exploration and Production […]

Business

NAICOM introduces new premium motor insurance rates

The National Insurance Commission has introduced new premium rates for motor insurance in the country.   This Day reported that the commission stated, on Friday, that the new rates will take effect from January 1, 2023.   NAICOM in a circular dated December 22, 2022, signed by its Director, Policy and Regulation, Dr. L.M. Akah, […]

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