Business

African startups raise $102m in lowest month since

  • 3rd August 2026

Otedola targets 51% controlling stake in First HoldCo

  • 3rd August 2026

Nigeria can boost global creative edge via indigenous

  • 3rd August 2026

UK state investment agency faces security review after

  • 3rd August 2026

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NRS mandates tax ID for crypto account activation

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African startups raise $102m in lowest month since 2025

Business

Otedola targets 51% controlling stake in First HoldCo

Business

Fake agency DG fingers other MDAs in agency creation

News

Blog

FG hails progress in Naira-for-Crude policy, vows continued support
Business

NMDPRA resumed fuel import licences to avert scarcity — Oil Marketers

Oil marketers have stated that the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s decision to resume petrol and diesel import licences is aimed at bridging supply gaps and averting fuel shortages. They noted that the measure is intended to compensate for shortfalls, as local refineries are currently unable to satisfy the country’s full domestic petroleum […]

Nigeria's external reserves rise to $36.89bn — CBN gov
featured Finance

Naira holds steady at ₦1,363.84/$ in official market

The Naira has continued to show resilience against the United States Dollar at the start of the second week of February 2026. Trading data from Monday morning confirms that the local currency is sustaining its recent pattern of stability. This steadiness is bolstered by ongoing policy measures from the Central Bank of Nigeria and solid […]

Economy

Stock market gains ₦4.08trn as ASI hits 171,727 points

The Nigerian stock market maintained its upward momentum on a week-on-week basis. Investors recorded gains exceeding N4.08 trillion across five trading days last week. The Nigerian Exchange Limited market capitalisation increased significantly. It rose to N110.234 trillion from N106.153 trillion recorded in the previous week. The NGX All-Share Index also advanced. It climbed 3.8 per […]

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity featured

FG vows stronger gas-to-power chain for reliable electricity

The Federal Government has reaffirmed its commitment to strengthening Nigeria’s gas-to-power value chain. This forms part of broader efforts to expand electricity supply, drive industrial growth, and reduce energy poverty across the country. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, made this known during his address at the National Gas Day session of […]

Finance

BoI secures CBN approval for non-interest banking window

The Bank of Industry has received regulatory approval from the Central Bank of Nigeria to operate a Non-Interest Banking Window. This development marks a significant milestone in the bank’s growth and long-term development agenda. A statement from the bank explained that the approval authorises BoI to commence Non-Interest Banking operations. It positions the bank to […]

Business

Ministry of Finance unveils first-ever MOFI excellence awards

The Ministry of Finance Incorporated is set to launch the inaugural MOFI Excellence Awards in the second quarter of 2026. The awards aim to promote a culture of good corporate governance among Government-owned Enterprises. The awards panel, part of the country’s first initiative dedicated to recognising excellence in corporate governance and performance across Federal Government-owned […]

Business

Amazon’s ‘Melania’ drops 67% in weekend revenue

After a stronger-than-anticipated debut, Amazon’s Melania saw its box office drop 67 per cent in its second weekend, earning an estimated $2.37 million. The documentary on United States First Lady, Melania Trump, has now grossed $13.5 million, nearly all from the U.S., making it highly unlikely that the film, acquired by Amazon for $40 million […]

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World Bank reduces CBN grant from $10.5m to $6.8m

The World Bank has scaled down a proposed grant to the Central Bank of Nigeria from $10.50m to $6.80m, with the project now slated for board consideration on March 27. The funding, which is still structured as a grant rather than a loan, is intended for the CBN Technical Assistance Facility, according to The Punch. […]

Business

Not all meters under FG programmes are free, NERC clarifies

The Nigerian Electricity Regulatory Commission has clarified that electricity meters being installed nationwide are not all free, amid rising confusion over the Federal Government’s metering programmes and recent warnings against illegal charges by electricity distribution companies. Speaking on Saturday during a radio interview with Adeola Samuel-Ilori on Fresh FM, NERC Chairman Musiliu Oseni explained that […]

SERAP sues CBN over alleged mismanagement of N100bn in "dirty" notes
Business

SERAP petitions CCB over alleged manipulation of electoral act, tax bills

The Socio-Economic Rights and Accountability Project has filed a petition with the Code of Conduct Bureau, urging an investigation into members of the Senate and other public officials over alleged irregularities in the passage of the Electoral Act Amendment Bill and the Tax Reform Laws. In a statement released on Sunday, SERAP’s Deputy Director, Kolawole […]

Transportation

Two killed as petrol tanker explodes on Onitsha-Owerri road

A petrol-laden tanker exploded along the Ihiala axis of the Onitsha-Owerri Road, opposite the office of the Federal Road Safety Corps, on Sunday, killing two persons instantly and injuring one other. The explosion occurred at about 9:30 a.m. after the tanker collided with a car and rammed into a barricade, spilling its contents and triggering […]

Business featured

IPOB cancels Monday sit-at-home order in South-East effective February 9

The proscribed Indigenous People of Biafra has announced the total and permanent cancellation of its Monday sit-at-home order across the South-East, effective from Monday, February 9, 2026. The announcement was made by IPOB spokesperson Emma Powerful in a press statement issued on Sunday. Powerful stated that the directive came directly from the group’s leader, Nnamdi […]

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