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Business

D’Tigress players get $100,000 each for Afrobasket victory

The National Sports Commission has confirmed the payment of the naira equivalent of $100,000 to each player of Nigeria’s senior women’s basketball team, D’Tigress, under the Presidential Reward for their victory at the 2025 FIBA Women’s Afrobasket. The commission also confirmed that each team official received the naira equivalent of $50,000. According to the NSC, […]

Business

Trump pledges $5,000 payment to Americans if Republicans win midterms

United States President Donald Trump has pledged to give every adult American $5,000 if Republicans maintain control of both chambers of Congress in the November 2026 midterm elections. Trump made the promise on Wednesday during an address at the Republican Party’s midterm convention in Dallas, Texas, as he rallied support for Republican candidates ahead of […]

Business

NFIU seeks banks, fintechs’ support to fight financial crimes

The Nigerian Financial Intelligence Unit has urged banks, insurance companies, fintech firms, Virtual Asset Service Providers and other financial sector stakeholders to support a new Public-Private Partnership framework designed to strengthen Nigeria’s efforts to combat money laundering, terrorist financing and illicit financial flows. The initiative was unveiled during a high-level private sector engagement in Lagos, […]

Business

NCX launches minimum price scheme to protect farmers

The Nigerian Commodity Exchange, in collaboration with the Bank of Agriculture and the All Farmers Association of Nigeria, has launched the Guaranteed Minimum Price Programme to shield farmers from price fluctuations and support food security. The programme is designed to guarantee farmers minimum prices for their produce while strengthening Nigeria’s commodity trading system and improving […]

Opinion

FAAC figures rise but naira value keeps falling, says Atiku

Former Vice-President and presidential candidate of the African Democratic Congress, Atiku Abubakar, has described disbursements from the Federal Account Allocation Committee to the three tiers of government as an “illusion,” arguing that rising nominal allocations have failed to translate into better living standards for Nigerians. In a statement issued on Wednesday by his media aide, […]

Business

Dangote Cement discloses insider’s ₦996m share acquisition

Dangote Cement Plc has informed the Nigerian Exchange Limited and members of the investing public about a recent share transaction carried out by one of its insiders. The disclosure was made in line with the NGX post-listing rules that govern share dealings by directors and other insiders of listed companies. A statement filed with the […]

featured Finance

Naira trades ₦1,322/$ in official FX market, ₦1,390/$ in parallel

The naira held steady on the stronger side in the Nigerian Foreign Exchange Market as trading opened on Thursday, September 10, 2026, even as the currency continued to change hands at a weaker rate in the parallel market. Available market data placed the official dollar-to-naira exchange rate at approximately N1,322.72 per US dollar. The rate […]

featured Finance

Cash transfer office rejects Auditor-General’s ₦33.75bn fraud claims

The National Cash Transfer Office has pushed back against claims contained in a report by the Auditor-General for the Federation, which alleged that the Federal Government was unable to furnish sufficient proof that N33.75bn disbursed through electronic cash transfers actually got to genuine beneficiaries. In a statement released to The PUNCH on Wednesday, the NCTO […]

Business

NCC begins authentication of SIM-enabled devices

The Nigerian Communications Commission has begun registering and authenticating SIM-enabled devices in Nigeria under a new enforcement framework aimed at identifying illegally imported and non-compliant communications equipment. The telecoms regulator said on Wednesday that the initiative would establish a central registry for devices operating in the country and make registration mandatory for SIM-enabled equipment imported […]

Business

Dangote to build 1,000MW LNG power plant in Kenya

Dangote Industries is planning to develop a 1,000-megawatt liquefied natural gas-fired power plant in Kenya as part of its proposed refinery project in Lamu. According to Africa Report, the Kenyan government is negotiating with the company to double the planned capacity of the power plant to 1,000MW. The expansion is intended to address Kenya’s electricity […]

featured

Oil prices surge above $100 as US-Iran tensions escalate

Global oil prices rose above $100 per barrel on Wednesday for the first time since late July, as escalating hostilities between the United States and Iran fuelled concerns over potential disruptions to crude supplies. According to Oilprice.com, Brent crude, the international benchmark, climbed to about $101.20 per barrel, gaining more than three per cent after […]

Aviation

NCAA, NAICOM partner to boost aviation insurance protection

The Nigeria Civil Aviation Authority and the National Insurance Commission have signed a Memorandum of Understanding to strengthen oversight of aviation insurance and enhance protection for airlines, passengers and other stakeholders in Nigeria’s aviation industry. The agreement was signed on Wednesday at the NCAA headquarters in Abuja and includes plans to establish a Joint Technical […]