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Nigeria’s exports to China jump 80% to $2.3bn

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Apple unveils new commission rates for external app payments

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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

Finance

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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 […]

Finance

NASS commends SEC over fiscal discipline, revenue growth

The National Assembly has commended the Securities and Exchange Commission for strengthening its fiscal sustainability through improved revenue generation and prudent cost management. Vanguard reported that the Deputy Chairman of the House of Representatives Committee on Finance, Hon. Saeed Musa Abdullahi, gave the commendation during the 2026 Revenue Monitoring Exercise with the Commission in Abuja. […]

Tech

US state accuses Meta of prioritising profits over teen safety

The closely watched trial between social media giant Meta and the state of Tennessee, in the United States opened on Monday, with state lawyers accusing the company of prioritising profits over the well-being of teenage users. In opening statements before a Nashville jury, attorneys for Tennessee alleged that Meta, the parent company of Facebook and […]

Energy

Nigeria loses 62,400GWh to gas flaring despite FG penalties

Nigeria lost an estimated 62,400 gigawatt-hours of potential electricity generation to flared gas between 2024 and 2025, despite the Federal Government’s gas flaring penalties and efforts to curb the practice. This figure represents an 18.6 per cent increase from the 50,800 GWh recorded during 2022 and 2023. The losses come at a time when the […]

Tech

eBay agrees to $56m settlement with e-commerce newsletter publishers

eBay and several former executives have agreed to pay $56 million to settle a civil lawsuit brought by Ina and David Steiner, the publishers of the EcommerceBytes newsletter, ending a years-long legal battle over a 2019 harassment campaign carried out by former company employees. The settlement resolves a 2021 lawsuit filed by the Steiners, who […]

Agribusiness

Agribusiness: SAPZ programme projects 30.85% return, targets $4.4bn

Nigeria’s Special Agro-Industrial Processing Zones programme has been projected to generate an internal rate of return of 30.85 per cent as the Federal Government moves to attract $4.4 billion in investment and accelerate agro-industrial development. The figure was disclosed by the National Programme Coordinator of SAPZ, Dr Kabir Yusuf, during a stakeholder validation workshop on […]

News

Lagos confirms two-week traffic delay along Kara Bridge for repairs

The Lagos State Government has alerted motorists to prepare for traffic disruptions as the Federal Ministry of Works commences the replacement of the expansion joint on Kara Bridge along the Lagos-Ibadan Expressway. According to an official traffic advisory released by the Lagos State Ministry of Transportation, the rehabilitation work will begin on Tuesday, July 28, […]

Banking

Cash outside banks drop to ₦4.92trn, lowest in months

The amount of cash held outside Nigeria’s banking system declined to N4.92 trillion in June 2026, the lowest level in seven months. This is according to the latest Money and Credit Statistics released by the Central Bank of Nigeria. The latest figure marks a significant retreat from the elevated cash levels recorded at the end […]

Business

Lasaco Assurance raises ₦19.3bn in rights issue

Lasaco Assurance Plc has recorded another significant milestone in its ongoing recapitalisation programme, raising N19.3 billion from existing shareholders in its recently concluded Right Issue. This figure surpasses the intended N18.47 billion subscription level by 4.5 per cent. According to the company, this milestone reinforces its commitment to meeting the requirements of the Nigerian Insurance […]

Travel

Nigeria, Netherlands deepen partnership on migration, human smuggling

The Federal Government and the Government of the Kingdom of the Netherlands have expressed commitment to deepening their cooperation in the area of migration and human smuggling. The development came as the Repatriation and Departure Service, Ministry of Justice and Security, Netherlands donated some equipment to the Nigeria Immigration Service, NIS, Hostmanship Unit. The Nigeria […]

Business

United Capital posts ₦24.8bn pre-tax profit in H1 2026

United Capital Plc has released its H1 2026 results, reporting a pre-tax profit of N24.777 billion for the six months ended June 30, 2026. This represents a 79.62 per cent year-on-year increase from N13.794 billion in the corresponding period of 2025. According to the unaudited results, profit after tax also rose by 77.45 per cent […]

Opinion

Nigeria’s record FX turnover may mask liquidity risks, AERE warns

The Alliance for Economic Research and Ethics has warned that Nigeria’s reported $4.38 billion foreign exchange turnover may be masking underlying liquidity risks, cautioning that the record trading volume should not be interpreted as evidence of a deeper or more resilient FX market. Nairametrics reported that the think tank made this known in an editorial […]

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