Business

Tinubu gets ICPC report on alleged fake agency

  • 6th August 2026

NIA credits NAICOM’s oversight for successful insurance recapitalisation

  • 6th August 2026

Tinubu attributes strong corporate performance to FX, subsidy

  • 6th August 2026

NAICOM revokes Nigeria Reinsurance licence over capital requirement

  • 6th August 2026

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Tinubu gets ICPC report on alleged fake agency

Business

NIA credits NAICOM’s oversight for successful insurance recapitalisation

Business

Tinubu attributes strong corporate performance to FX, subsidy reforms

Business

Moove raises $250m to scale autonomous vehicle business

Tech

Blog

Subsidy: Oil marketers request transition plan against handing over 
Banking

Oil marketers confirm stable supply from Dangote Refinery

Oil marketers have disclosed that they are sourcing their petrol supplies from Dangote Refinery and Petrochemical, emphasizing that there are currently no imports. They noted that the supply chain has stabilized, with marketers now procuring products directly from Dangote Refinery. In an interview, the National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, […]

Business

Nigerian startup Terra Industries secures $11.75m funding

Terra Industries, a defense technology startup founded by 22-year-old Nathan Nwachuku and 24-year-old Maxwell Maduka, has secured $11.75 million to address Africa’s rising security challenges with locally developed defense solutions. The company revealed the milestone on Monday in a statement, marking its emergence from stealth mode as it begins scaling autonomous security systems aimed at […]

Policy and Regulations

FG reviews tariff policies to boost local production

The Federal Government has commenced a strategic review of tariff policies aimed at encouraging local production, protecting domestic industries, and easing the cost of doing business. The move followed a high-level meeting involving the Tariffs Review Board and the Minister of State for Finance, Dr Doris Uzoka-Anite, where existing tariff regimes were assessed against the […]

Finance

2026 budget: MDAs introduce N3.5tn projects despite rollover order

At least N3.50tn worth of new projects have been identified in the proposed 2026 budget, according to an analysis by The PUNCH. This development comes despite earlier budget preparation guidelines directing Ministries, Departments, and Agencies to roll over 70 per cent of their 2025 capital allocations into the 2026 fiscal year and to refrain from […]

featured Oil and Gas

Petrol price war deepens as stations sell below Dangote’s rate

The competition in Nigeria’s downstream petroleum sector has intensified as several filling stations have reduced the pump price of Premium Motor Spirit below the N739 per litre benchmark recommended by the Dangote Petroleum Refinery. Following the Dangote refinery’s decision in December to slash petrol prices from about N900 to N739 per litre, importers and depot […]

Business

FG to raise N189bn in 2026 via asset sales

The federal government aims to generate over N189 billion in 2026 through the sale of national assets and the privatisation of select public holdings, making asset disposals a key component of financing what is set to be Nigeria’s largest budget in nominal terms. In the 2026 Appropriation Bill, the N189.16 billion forms part of a […]

featured

Nigeria to spend over ₦91tn on debt service by 2028

Nigeria’s federal government, led by President Bola Tinubu, is projected to spend over ₦91 trillion on debt servicing between 2023 and 2028. The figure underscores the rising burden of public borrowing amid consistently weak revenue performance. The estimate draws on debt service allocations in the 2023 and 2024 budgets, the 2025 Appropriation Act, and forward […]

Failed banks liquidation delayed over ex-staff owed salaries, others - NDIC
Business

NDIC recovers additional N24.3bn from Heritage Bank assets for depositors

The Nigeria Deposit Insurance Corporation has recovered an additional N24.3 billion from the assets of the defunct Heritage Bank Limited to support repayment to depositors whose balances exceeded N5 million at the time the bank’s licence was revoked. The was disclosed in a statement on Sunday by the Head of the NDIC’s Communication and Public […]

Wema bank posts ₦100.5bn pre-tax profit in H1 2025
Banking

Wema Bank launches upgraded ALAT digital banking platform

Wema Bank, Nigeria’s most innovative bank and the pioneer of Africa’s first fully digital bank, ALAT, has unveiled an upgraded version of its flagship digital banking platform, ALAT by Wema. Positioned as the next evolution of digital banking, the enhanced ALAT platform offers a smarter, faster and more intuitive user experience, further strengthening Wema Bank’s […]

Business

PenCom empowers PFAs to appoint auditors, actuaries for pension schemes

The National Pension Commission has authorised Pension Fund Administrators to appoint external auditors and actuaries for Approved Existing Schemes and Additional Benefits Schemes. The directive was contained in a recent circular issued to all licensed PFAs and signed by the Director of the Surveillance Department, A. M. Saleem. PenCom explained that the move followed the […]

featured Maritime

NIMASA begins zero tolerance enforcement in Nigerian waters

The Nigerian Maritime Administration and Safety Agency has commenced a special operational enforcement initiative code-named “Operation Zero Tolerance for Non-Compliance” across the Nigerian maritime domain. The directive for the operation was issued through a Marine Notice, in line with the agency’s statutory mandate as provided under the NIMASA Act 2007, the Coastal and Inland Shipping […]

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