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BOI to channel 80% large enterprise loans towards

  • 16th August 2026

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

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BOI to channel 80% large enterprise loans towards priority

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RMAFC completes review of Nigeria’s revenue allocation formula

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Business

Oil jumps amid escalating Iran-US tensions in Middle East

Oil prices surged during Asian trading on renewed geopolitical tensions in the Middle East after Iran launched attacks on U.S. forces, prompting retaliatory strikes by the United States and Saudi Arabia on Iran-backed targets in Iraq. International benchmark Brent crude futures for September delivery climbed 3.42 per cent to $86.97 per barrel, while U.S. West […]

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CBN fines banks N430m over customer complaint failures, regulatory breaches

The Central Bank of Nigeria imposed N430 million in penalties on financial institutions in 2025 for failing to resolve customer complaints promptly and for breaching its regulatory directives, highlighting a stricter approach to consumer protection in the banking sector. According to the CBN’s 2025 Annual Report, the apex bank issued 21 sanctions totaling N430 million […]

Business

NCC, REA partner to cut digital infrastructure costs

Nigeria is set to reduce the cost of digital infrastructure expansion through a new partnership between the Nigerian Communications Commission and the Rural Electrification Agency that integrates renewable energy projects with telecommunications networks. The two agencies signed a memorandum of understanding on July 24 to coordinate the deployment of energy and telecom infrastructure, with a […]

Tech

Apple becomes first company to hit $5tn market value

Apple briefly reached a $5 trillion market capitalization on Tuesday, becoming the first company to hit the milestone just a day after overtaking Nvidia to reclaim its position as the world’s most valuable publicly traded company. Shares of the iPhone maker have surged 25% so far this year, outperforming other mega-cap technology companies. The stock […]

Opinion

LCCI warns Nigeria may lose tech hub status to rivals

The Lagos Chamber of Commerce and Industry has warned that Nigeria risks losing its position as Africa’s leading technology hub unless the government accelerates policy reforms, expands digital infrastructure and creates a more predictable regulatory environment to attract investment. Vanguard reported that speaking at the opening of the 12th ICTEL Expo 2026 in Lagos, on […]

Maritime

Customs agents threaten protest over alleged ship manifest manipulation

Members of the Association of Nigerian Licensed Customs Agents have threatened to stage a protest over the alleged manipulation of ship manifests by some shipping companies, warning that they will expose those responsible if urgent action is not taken. The agents said the practice could disrupt port operations and further weaken the country’s fragile economy. […]

Business

AVA Capital to list on NGX by introduction Friday

AVA Capital Plc, an integrated financial services group with operations in investment banking, asset management, securities trading and trusteeship, is set to list on the Nigerian Exchange Limited by way of Listing by Introduction on Friday. According to a statement made available to Vanguard, the listing is a strategic transition into the public market aimed […]

Policy and Regulations

Court voids Reps’ ₦72.624bn oil spill order against Seplat

A Federal High Court in Lagos has set aside a directive by the House of Representatives Committee ordering Seplat Energy Producing Nigeria Unlimited, to pay N72.624 billion as compensation to communities over alleged oil spill incidents, holding that the National Assembly exceeded its constitutional powers. The court held that the directive amounted to an unconstitutional […]

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Petrol depot prices drop nationwide amid rising competition

Petrol depot prices declined across major supply centres on Tuesday as marketers implemented fresh price cuts, signalling increased competition in the downstream petroleum market. Vanguard reported that an analysis of the mid-day depot price report showed that most major depots in Lagos, Warri, Calabar and Port Harcourt either reduced their prices or maintained existing rates, […]

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S&P Global to acquire majority stake in Africa’s Agusto & Co.

S&P Global has agreed to acquire a majority stake in Agusto & Company Limited, a leading Pan-African credit rating agency, in a move aimed at strengthening its presence in Africa’s domestic debt markets and enhancing credit transparency across the continent. The transaction, which is subject to regulatory approvals, will support the expansion strategy of S&P […]

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