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Business

CBN repays N2.97tn in maturing OMO bills

The Central Bank of Nigeria repaid N2.97 trillion in maturing Open Market Operations bills on Tuesday, a day after it conducted a N600 billion OMO auction that saw total allotments of N2.54 trillion across three tenors. The apex bank’s financial data for Tuesday, July 14, also showed it redeemed N17.05 billion from the primary market, […]

Business

Warren Buffett drops Gates Foundation from annual donations

Warren Buffett, a founding trustee of the Gates Foundation, also co-founded The Giving Pledge alongside Bill Gates and his then-wife, Melinda French Gates, to encourage billionaires to commit a significant share of their wealth to philanthropy. Buffett stepped down from the Gates Foundation’s board in 2021 but has continued to contribute billions of dollars to […]

Business

Nigeria granted N34tn in import duty exemptions in 2025

The Nigeria Customs Service has disclosed that approvals under the Import Duty Exemption Certificate scheme reached N34 trillion in 2025, with nearly 60 per cent of the duty waivers granted for the importation of military hardware. The Comptroller-General of Customs, Adewale Adeniyi, made the disclosure on Monday while appearing before the Senate Committee on Finance […]

Business

FG to raise N1.2tn via reopening of three bonds

The Debt Management Office, acting on behalf of the Federal Government, has announced plans to raise up to N1.2 trillion through the reopening of three Federal Government of Nigeria bonds. The plan was disclosed in an Offer Circular issued by the DMO on Tuesday, July 14, 2026. According to the circular, the bond auction is […]

Tech

YouTube still recommends eating disorder videos to teens – Report

YouTube continues to recommend eating disorder-related videos to teenage users despite rules introduced a year ago to limit harmful online content, according to new research. The Centre for Countering Digital Hate created a simulated account representing a 13-year-old girl who had just begun viewing unsafe diet and body image content to examine the platform’s recommendation […]

Business

PFIPC: I borrowed N400m to secure appointment, says ‘fake’ agency DG

The alleged Director-General of the Presidential Foreign Intervention Promotion Council, Adeniyi Adeyemi, has claimed he borrowed N400 million to finance the processing of his appointment as head of the organisation. Adeyemi made the disclosure during an appearance on Channels Television’s Politics Today on July 13. His remarks come ahead of his scheduled arraignment later today […]

Investment

Nigeria, Hong Kong sign double taxation agreement

Nigeria and the Hong Kong Special Administrative Region of the People’s Republic of China have signed an Agreement for the Elimination of Double Taxation on income and the Prevention of Tax Evasion and Avoidance, in a move aimed at strengthening trade, investment and economic cooperation between both jurisdictions. The agreement was signed during a virtual […]

Oil and Gas

Oil prices surge Tuesday after fresh US strikes on Iran

Oil prices jumped again on Tuesday after fresh United States strikes against Iran that marked a new escalation in hostilities that has fuelled fears over their already fragile truce and the chances of another spike in inflation. However, tech firms enjoyed a much-needed reprieve after the latest bout of selling, although they only managed to […]

Policy and Regulations

UK work visas shouldn’t guarantee permanent stay – Badenoch

Leader of the United Kingdom Conservative Party, Kemi Badenoch, has urged the Labour government to retain its proposed 10-year qualifying period for indefinite leave to remain insisting that temporary work visas should not automatically lead to permanent settlement in Britain. Badenoch made the call in a post on her X handle on Monday while releasing […]

Finance

Veterans demand implementation of ₦250,000 military minimum wage

Military veterans have demanded the immediate implementation of the approved N250,000 minimum wage for serving personnel. They accused the Federal Government of delaying the execution of a law they said was passed by the National Assembly and assented to by President Bola Tinubu. The PUNCH reported that the demand was made on Monday during a […]