Business

Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

NPF Microfinance Bank grows profit before tax by

  • 25th July 2026

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

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Ghana to evacuate 1,000 more workers from South Africa

Transportation

Nigerians may face rice, tomato scarcity within three months

Food

Pharmaceutical firms’ finance costs jump 46.5% amid high interest

Helth

FAAN launches probe into viral Delta airport security altercation

Ports and Airports

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Tech

Microsoft to cut 4,800 jobs as AI investment rises

Microsoft is cutting 4,800 jobs, about 2.1 per cent of its global workforce, as the technology giant continues to reduce costs while increasing its investment in artificial intelligence. The company’s Xbox division will account for 3,200 of the job cuts through fiscal year 2027. In a memo to employees, Xbox CEO Asha Sharma said 1,600 […]

Life Style

I started my ICAN journey at 13, says youngest chartered accountant

Nigeria’s youngest chartered accountant, Osasere Okundaye, has recounted how she began her journey with the Institute of Chartered Accountants of Nigeria, ICAN, at the age of 13, after finishing secondary school early. Okundaye spoke on Saturday during the Power Must Change Hands monthly programme at the Mountain of Fire and Miracles Ministries headquarters in Magboro, […]

Business

Manufacturers embrace local sourcing to cut high import costs

Nigeria’s manufacturers are increasingly embracing local sourcing and value addition as a survival strategy to reduce dependence on imported inputs. This comes amid rising production costs that continue to undermine their competitiveness within the domestic and regional markets. Vanguard reported that industry operators, however, warn that without lower financing costs, improved infrastructure, better logistics and […]

News

FG targets mineral-to-manufacturing localisation with new roadmap

Nigeria is positioning its vast critical mineral deposits as the foundation for a new wave of industrial growth, following the unveiling of a strategic roadmap. The roadmap is designed to convert the country’s mineral wealth into investments in clean energy manufacturing and domestic value addition. Vanguard reported that the roadmap was presented by the Council […]

Finance

NGX loses ₦1.8trn as bearish run persists into third week

The Nigerian stock market closed lower again last week, making it the third consecutive week of decline, pressured by profit-taking in blue-chip stocks. However, the latest loss amounting to N1.8 trillion indicates that the negative position is moderating. Three weeks ago the market took a major hit at N5.6 trillion loss, and the following week […]

featured Finance

Naira trades at ₦1,370.33/$ at official FX market

The naira traded around N1,370.33 against the United States dollar at the official Nigerian Foreign Exchange Market on Monday, July 6, 2026. This reflects relative stability in the country’s foreign exchange market. Data from the official exchange rate window showed the dollar exchanging at approximately N1,370.33 per dollar at the NFEM. The Central Bank of […]

Maritime

Oyetola seeks govt, private sector synergy to advance blue economy policy

The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has called for synergy between the Federal and state governments, private sector and development partners to accelerate the implementation of Nigeria’s National Policy on Marine and Blue Economy. He described sub-national participation as critical to unlocking the sector’s vast economic potential. Oyetola said this at […]

Maritime

NSC protects ₦90.60bn economic value for shippers — CEO

The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Dr. Akutah Pius, says the Council protects over N90.60 billion and $1.348 million in economic value for Nigerian shippers through regulatory interventions and dispute resolution. He spoke through a representative at a media engagement with maritime editors and reporters in Lagos. “Within the […]

featured Finance

FG denies spending ₦8trn outside approved budget, faults IMF claim

The Federal Government has dismissed claims that it spent over N8 trillion outside the approved budget, describing the allegation as false and a misrepresentation of the 2026 Article IV Consultation Report by the International Monetary Fund. The government said reports suggesting that about two per cent of Nigeria’s Gross Domestic Product, was expended outside the […]

Business

OPEC+ approves 188,000bpd oil output increase for August

Seven members of OPEC+ have agreed to raise oil production quotas once again, approving an output increase of 188,000 barrels per day from August 2026. The decision was reached during a virtual meeting on Sunday involving key OPEC+ producers—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. In a statement, the group said the production […]

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