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Business

FG offers investors up to 15.12% on September savings bond

The Debt Management Office, on behalf of the Federal Government of Nigeria, has opened its September 2026 Savings Bond offer, with investors set to earn annual interest rates of up to 15.12 per cent. The DMO announced the offer in a circular issued on Monday. According to the circular, the September offer comprises a two-year […]

featured Finance

Naira steady at ₦1,321/$ as parallel FX market gap widens

The exchange rate between the dollar and the naira continues to draw attention as Nigerians monitor how the local currency performs across the official and parallel foreign exchange markets. According to the latest available market data, the official Nigerian Foreign Exchange Market rate stands at about N1,321.68 to the United States dollar. The parallel market, […]

Business featured

PremiumTrust Bank bags dual credit rating upgrades from Agusto, DataPro

PremiumTrust Bank has secured upgraded credit ratings from both Agusto & Co. and DataPro Limited, a development that highlights the lender’s financial soundness, robust risk management practices and steady growth path. Agusto raised the Bank’s long-term rating from BBB+ to A-, while its short-term rating moved from A2 to A1. DataPro, on its part, upgraded […]

featured Opinion

Experts urge FG to fix NELFUND loan recovery gaps

The Federal Government has been urged to urgently reinforce the repayment structure of the Nigeria Education Loan Fund, NELFUND, as concerns mount that recovery of the N355.87 billion already disbursed could prove difficult once repayments commence. According to Vanguard, this warning was contained in a policy brief released on Monday by the iRead To Live […]

Business

MultiChoice reshuffles DStv bouquets, expands access to major sports

MultiChoice will end M-Net and KykNet’s exclusive access to DStv Premium content, moving cricket, the UEFA Champions League and domestic rugby into a new mid-tier Sports package from September 17. The changes mark the broadcaster’s biggest restructuring of its bouquet offerings in nearly 15 years. The Access, Family and Compact packages will be discontinued and […]

Business

Oil rises to six-week high amid escalating US-Iran tension

Oil prices climbed to a six-week high on Monday after the United States and Iran exchanged strikes over the weekend, escalating tensions in the Middle East and raising concerns about potential disruptions to global oil supplies. Brent crude, the international benchmark, gained 1.5 per cent to $97.73 per barrel, after touching $97.93 earlier in the […]

Tech

German startup Isar Aerospace achieves first successful orbital launch

German rocket manufacturer Isar Aerospace successfully reached orbit for the first time over the weekend, marking a major milestone for Europe’s commercial space industry as the company prepares to increase launch frequency to meet what it describes as growing demand. The Munich-based company’s Spectrum rocket reached low Earth orbit on Saturday and successfully deployed its […]

Business

Ikenga becomes highest-grossing Igbo film in Nigeria 

Ikenga: The Last Festival has crossed the N75 million mark at the Nigerian box office, making it the highest-grossing Igbo-language film ever recorded, according to FilmOne Entertainment. FilmOne disclosed the achievement in a post on X on Monday, noting that the movie has also remained Nollywood’s top-grossing film for three consecutive weeks. The latest milestone […]

Aviation

Boeing projects major fleet expansion for African airlines

US aircraft manufacturer Boeing expects African airlines to receive 1,165 new commercial aircraft between 2026 and 2045 as carriers expand their fleets to meet growing demand for air travel. The forecast is contained in Boeing’s 2026 Commercial Market Outlook for Africa, a 20-year assessment of the continent’s aviation market and fleet requirements. The deliveries are […]

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Dangote Refinery IPO to give workers, traders opportunity to own shares

Dangote Industries Limited President, Aliko Dangote, on Monday signed the registration documents for the proposed initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE, saying the share sale will give drivers, cooks, traders, domestic workers and managers an opportunity to own stakes in the refinery. Speaking at the signing ceremony in Lagos, Dangote described […]

Business

Hackers withdraw $320m bitcoin from liquid network wallet

Liquid Network, a Bitcoin-based payments and settlement platform, has suffered a security incident in which alleged white-hat hackers withdrew about $320 million worth of Bitcoin from its federation wallet. The network disclosed the incident on Sunday in a post on X, stating that approximately 4,000 BTC had been withdrawn from the Liquid Federation wallet. In […]