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NAICOM revokes Nigeria Reinsurance licence over capital requirement

  • 6th August 2026

MEMAN backs cassava ethanol blending to cut petrol

  • 6th August 2026

Fake agency DG opposes closed-door house questioning, seeks

  • 6th August 2026

Osun to sue EFFC over frozen account

  • 5th August 2026

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Moove raises $250m to scale autonomous vehicle business

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Meta AI model breaches external system during security test

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BREAKING: Tinubu orders EFCC to unfreeze Osun govt accounts

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Ex-finance minister Kemi Adeosun loses husband at 62

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Aviation featured

Ethiopian airlines begins construction of international airport

Ethiopian Airlines Group has formally commenced the construction of Bishoftu International Airport, marking a significant step in the expansion of aviation infrastructure across Africa. The commencement ceremony, held earlier in the week, drew the presence of high-ranking government officials and key industry stakeholders, including Ethiopia’s Prime Minister, Dr Abiy Ahmed, members of the Federal Executive […]

Dangote Cement to establish block-making academy
News

Dangote Cement rewards distributors with ₦15bn incentives

Dangote Cement Plc has rewarded its top distributors and customers with incentives valued at ₦15 billion in recognition of their loyalty, resilience, and outstanding performance across the country. The celebration took place at the 2026 Distributors’ Awards Night held at the Eko Convention Centre, Victoria Island, Lagos, where the company honoured its highest-performing partners under […]

featured Finance

No VAT on transfers but bank service fees — NRS

The Nigeria Revenue Service has dismissed reports claiming that Value Added Tax is being charged directly on bank transfers, clarifying that the 7.5 per cent VAT applies only to service fees charged by banks and not to the funds transferred by customers. In a statement issued on Thursday, the revenue agency described recent media reports […]

Economy featured

FG didn’t suspend tax law guidelines, Oyedele debunks rumours

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has denied reports suggesting that the Federal Government paused the issuance of implementation guidelines for the newly signed tax laws due to uncertainty. The report, published by a media organisation other than The PUNCH, claimed that the Federal Government halted the […]

featured Investment

Investors lose N457bn as NGX records first dip

The Nigerian stock market reversed gains from the previous trading session on Thursday, as investors recorded a loss of N457 billion following sustained profit-taking activities. The decline ended a 23-session bullish streak that had driven prices higher across several segments of the market. The downturn was largely attributed to sell-offs in stocks such as McNicholas, […]

Nigeria tightens visa, immigration policies to curb overstaying
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Immigration upgrades passport tracker after uncollected documents outcry

The Nigeria Immigration Service has announced an update to its passport tracking system aimed at improving service delivery and ensuring applicants are better informed about the status of their passports. The Service disclosed this in a statement shared on its verified X handle on Thursday, explaining that the upgrade became necessary after it was discovered […]

Finance

Budget office clarifies ₦246bn NEDC budget controversy

The Budget Office of the Federation has dismissed claims suggesting that the North East Development Commission operates a ₦246 billion salaries budget, describing the narrative as false and misleading. In a press statement issued on Thursday, the Director General of the Budget Office of the Federation, Tanimu Yakubu, said the allegation was inaccurate and based […]

Transcorp Power emerges top NGX weekly gainer
Business

UBA capital hits N513bn as NGX lists new shares

The Nigerian Exchange Limited has listed an additional 3.16 billion ordinary shares of United Bank for Africa Plc on its daily official list, marking a significant boost to the bank’s market capitalisation and further strengthening liquidity within the Nigerian capital market. The development was conveyed to the bank in a confirmatory letter dated January 12 […]

Economy

Nigeria’s upstream investment hits $5.3bn – Tinubu’s aide

Nigeria has officially regained its status as the leading destination for energy capital in Sub-Saharan Africa, accounting for 38 per cent of all major energy project sanctions across the continent within the last 24 months. This disclosure was made on Thursday by the Special Adviser to the President on Energy, Ms Olu Verheijen, in an […]

Business

Outsourcing firm Tranter deploys over 268 engineers across top sectors

Tranter IT has announced that it has formalised its position as an experienced Business Process Outsourcing delivery partner in Nigeria, citing more than 22 years of enterprise technology delivery and one of the largest embedded support workforces in the country’s enterprise market. In a statement issued on Tuesday, the company said it currently deploys over […]

Banking

US banks report strong Q4 2025 earnings amid loan growth

Major US banks reported robust earnings in the fourth quarter of 2025, supported by growing demand from borrowers, a development analysts say could be positive for future profitability, Reuters reports. According to company filings and statements reviewed by Reuters, Bank of America saw its average loans grow by eight per cent compared with the same […]

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