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UK state investment agency faces security review after

  • 3rd August 2026

MAN calls for tax harmonisation, reliable energy for

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Sterling Financial records 31.5% growth in gross earnings

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Nigeria remains under US visa bond programme, travellers

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

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

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UK state investment agency faces security review after data

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Hackers hit Bitcoin safest hiding place, steal $86m

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Banking

Banks attract $16.78b capital inflows in first nine months 2025

Banks in Nigeria saw total capital inflows of $16.78 billion between January and September 2025, marking a 131.81 per cent increase from the $7.236 billion recorded in the same period in 2024, as foreign investors significantly increased their investments in FPIs. The data comes from the National Bureau of Statistics’ latest Capital Importation report for […]

Business

Terra lands fresh $22m investment weeks after $11.8m round

Terra Industries, a Nigerian defence-technology startup that develops drones and location-monitoring software, has secured an additional $22 million in funding, just one month after raising $11.8 million in what was Africa’s largest defence-tech round. The latest raise, completed in less than two weeks and led again by Lux Capital, included follow-on investments from 8VC, Nova […]

Brazil lifts ban on Starlink, X accounts after fine payment
featured Mobile phones

X outage disrupts users as complaints spike globally

Thousands of social media users on Monday reported difficulties accessing X, formerly known as Twitter, as complaints surged across multiple regions worldwide. Outage-tracking platform Downdetector recorded a sharp increase in reports, with more than 3,000 users flagging problems linked to the social media platform. Data from Downdetector showed that over half of the complaints were […]

Agribusiness

Farmers lament soaring prices despite import relaxation

The federal government’s decision to ease restrictions on selected food imports has provided short-term relief to consumers facing soaring food prices. BusinessDay reported that agricultural stakeholders, however, warn that the policy is causing heavy losses for local producers and jeopardising long-term food security in Nigeria. According to media reports, Fatai Afolabi, managing director at Foremost […]

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Nigeria’s inflation drops to 15.1% in January – NBS

Nigeria’s headline inflation rate fell to 15.1 percent in January, down slightly from 15.15 percent in December 2025. The National Bureau of Statistics made this disclosure in its latest update on the country’s consumer price index on Monday. “The January 2026 Headline inflation rate showed a decrease of 0.05 per cent compared to the December […]

News

Solar battery explosion caused Kano Market inferno — Fire service

The Federal Fire Service has confirmed that the massive fire which gutted Singer Market in Kano State was caused by the explosion of a solar battery. The Public Relations Officer of the Kano State Command of the Federal Fire Service, Al-Hassan Kantin, made this known during an interview on Channels Television’s Sunrise Daily programme on […]

BREAKING: Nigeria exchange rate plunges 29% in one day
Economy

Nigeria records $237.51bn net FX inflow in six years

Nigeria recorded a net foreign exchange inflow of $237.51 billion between 2020 and 2025, according to data from the Central Bank of Nigeria. The country attracted total FX inflows of $424.94 billion through the apex bank and autonomous sources during the six-year period. Outflows amounted to $187.43 billion, resulting in the positive net position of […]

Business

Cuba annual cigar festival suspended amid deepening economic crisis

An annual cigar festival in Havana, Cuba, scheduled to run for five days in late February, has been postponed indefinitely amid a deepening economic crisis. The delay comes as the island’s communist-led government faces its most severe challenge since the collapse of the Soviet Union. Habanos S.A., the event’s organiser, said on Saturday that the […]

Business

Swiss banking giant Banque Pictet opens office in S’Africa

Swiss private banking group Banque Pictet has opened its first office in Africa. This development marks a significant expansion for the institution as the continent’s millionaire population is projected to rise sharply over the next decade. Banque Pictet is a 220-year-old private lender. It established a representative office in South Africa after securing approval from […]

ByteDance increases share buyback offer amid TikTok uncertainty
Tech

ByteDance pledges new safeguards against copyright violations on Seedance

ByteDance said on Monday it will introduce safeguards to curb the unauthorised use of intellectual property on its AI video generator, Seedance 2.0, after threats of legal action from United States studios, including Disney. The model, launched last week, has quickly gone viral in China, with clips circulating online such as a fabricated fight between […]

UK job vacancies drop 23%, signaling economic slowdown
Economy

UK tops Nigeria’s capital inflows with $2.94bn in Q3 2025

The United Kingdom has emerged as the largest source of capital inflows into Nigeria in the third quarter of 2025, according to data released by the National Bureau of Statistics. The NBS reported that inflows from the UK totaled $2.94 billion, which represented 48.80 per cent of the total capital imported during the quarter. The […]

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MSMEs lose ₦5–₦10tn yearly to employee fraud – CPPE

Nigeria’s micro, small, and medium enterprises are losing between N5 trillion and N10 trillion annually due to employee fraud and workplace corruption. The Centre for the Promotion of Private Enterprise disclosed this in a statement shared with Nairametrics on Sunday. The policy think-tank described the trend as one of the most serious hidden threats to […]

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