Business

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

  • 15th August 2026

PwC flags gaps in new NRS virtual asset

  • 15th August 2026

Nigeria’s exports to China jump 80% to $2.3bn

  • 15th August 2026

Anthropic revenue soars 1,360% ahead of planned IPO

  • 15th August 2026

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NCAA to make RFID baggage tracking mandatory at airports

Aviation featured

RMAFC completes review of Nigeria’s revenue allocation formula

Finance

BRICS explores merging payment systems to cut transaction costs

Finance

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

Business

Blog

Business

Nigeria can boost global creative edge via indigenous storytelling — Expert

The President of the Film Educators Guild of Nigeria, Professor Osakue Omoera, has said Nigeria’s creative industry can strengthen its global competitiveness by commercialising indigenous stories, languages and cultural narratives instead of imitating foreign content. Omoera made this disclosure at the International Distillers Symposium on Storytelling organised by the Centre for Media and Communication Research, […]

featured Opinion

Nigerians cannot eat GDP, Atiku slams presidency’s defence of reforms

Former Vice President Atiku Abubakar has rejected the presidency’s defence of President Bola Tinubu’s economic performance, insisting that government claims of recovery are inconsistent with the realities of rising poverty, food insecurity and worsening living conditions across the country. Responding to a State House statement defending the administration’s reforms, Atiku said no amount of official […]

Business

UK drivers steal nearly £200,000 fuel daily amid Iran war

Drivers have stolen an average of nearly £200,000 worth of fuel from petrol stations across the UK each day since the Iran oil crisis began, according to new analysis. Data from fuel theft prevention firm Forecourt Eye showed that incidents of motorists leaving without paying for fuel jumped by 20 per cent in the five […]

featured

Dangote, Sinoma sign $800m deal to double Itori Cement plant capacity

Dangote Industries Limited has signed a Memorandum of Understanding worth more than $800m with Sinoma International Engineering Co. Ltd to expand the Dangote Cement Plant in Itori, Ogun State, increasing its production capacity from six million to 12 million metric tonnes annually. In a statement issued on Sunday, the company said the agreement, signed by […]

Business

UK state investment agency faces security review after data breach

The United Kingdom’s state investment agency has been urged to strengthen its internal security measures after a data breach exposed sensitive management information to the public for almost two days. UK Government Investments, which oversees the government’s stakes in several companies, including Channel 4 and the Post Office, disclosed that the incident also exposed the […]

Crypto

Hackers hit Bitcoin safest hiding place, steal $86m

Hackers have exploited a software vulnerability in a popular “cold” Bitcoin wallet, widely regarded as one of the safest ways to store cryptocurrency, stealing tens of millions of dollars in an ongoing attack. Canada-based Coinkite, the maker of Coldcard hardware wallets, alerted users late last week that a flaw affecting the cryptographic keys protecting some […]

Banking featured

FirstHoldCo crosses ₦6trn market capitalisation in historic first

FirstHoldCo Plc has crossed the N6 trillion market capitalisation mark during the ongoing trading session today, August 3, 2026, becoming the first Nigerian banking group to reach the milestone. At a share price of N136.50 and with approximately 45.48 billion shares outstanding, the group’s market value reached about N6.21 trillion, cementing its position as Nigeria’s […]

Opinion

Manufacturing sector recovery remains fragile amid high costs — Analysts

Nigeria’s manufacturing sector may struggle to sustain a recovery unless persistent cost pressures are addressed, analysts have warned, despite tentative signs that business activity is beginning to stabilise. Although the Purchasing Managers’ Index for manufacturing edged up to 50.10 in June from 49.6 in May, experts say the marginal improvement masks deeper structural challenges, including […]

Business

MAN calls for tax harmonisation, reliable energy for manufacturers

The Manufacturers Association of Nigeria has called for urgent tax harmonisation, improved infrastructure, reliable energy supply and a predictable regulatory environment to strengthen the country’s manufacturing sector. The appeal was made at the 41st Annual General Meeting of the Ogun Branch of MAN in Abeokuta, with the theme: “Building a Resilient Manufacturing Sector: Surmounting the […]

featured Finance

Naira trades at ₦1,368/$ at official FX market

The naira opened the week with a relatively stable performance against the United States dollar at both the official Nigerian Foreign Exchange Market and the parallel market on Monday, August 3, 2026. Data published by the Central Bank of Nigeria showed that the official NFEM rate was trading around ₦1,368 per dollar, with the most […]

Investment

Profit-taking erases ₦1.261trn from NGX investors’ portfolios

Nigeria’s stock market reversed course last week as widespread profit-taking erased N1.261 trillion from investors’ portfolios, ending the week in negative territory after a sustained rally. The decline followed renewed selling pressure across major banking, industrial and consumer goods stocks as investors cashed in on the strong gains recorded in recent weeks. Data from the […]

Business

Sterling Financial records 31.5% growth in gross earnings

Sterling Financial Holding Company Limited has recorded a 31.5 per cent growth in gross earnings to N279.6 billion in the half-year ended 30 June 2026, over the corresponding period in 2025. The parent company of Sterling Bank disclosed this in its unaudited results for the half-year ended 30 June 2026, released on Sunday, which showed […]

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