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Flutterwave denies reports of $75m FG investment

  • 21st April 2026

Tinubu sacks finance, housing ministers in FEC reshuffle

  • 21st April 2026

Fraudsters demand crypto for safe passage through Strait

  • 21st April 2026

Tinubu appoints Fatima Zuntu as NBMA director-general

  • 21st April 2026

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Meta offered $100m bonuses to lure OpenAI staff, Altman alleges

OpenAI’s Sam Altman criticises Anthropic over AI risk messaging

Tech

Flutterwave denies reports of $75m FG investment

Business

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Tech
Microsoft sharepoint cyberattack hits 400 victims - Researchers

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Tech

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Business

FG raises gas price for power generation to $2.18/MMBTU

Nigeria’s fiscal burden from power sector subsidies is set to rise after the Federal Government, via the Nigerian Midstream and Downstream Petroleum Regulatory Authority, raised the price of natural gas for electricity generation to $2.18 per million British thermal units. The NMDPRA confirmed the adjustment in a public statement signed by its Chief Executive, Saidu […]

Oil and Gas

Nigeria oil exploration dropped 45% in February 2026 — NUPRC

Nigeria’s oil exploration declined by 45 per cent month-on-month in February 2026, driven by reduced upstream activities. Data from the Nigerian Upstream Petroleum Regulatory Commission showed that the nation’s rig count, a key indicator of upstream oil and gas activity, fell to 22 in February 2026, down from 40 recorded in January 2026. Although the […]

Aviation

NANTA slams foreign airlines over dollar-denominated ticket sales

The President of the National Association of Travel Agents of Nigeria, Yinka Folami, has criticised some foreign airlines for insisting on dollar-denominated ticket sales, describing the move as “disrespectful” to Nigeria. He warned that the practice erodes national sovereignty and puts additional pressure on the naira. Folami spoke at a press conference ahead of the […]

Opinion

Edun urges Africa to halt $88bn annual illicit financial flows

The Federal Government has called for urgent action to tackle Illicit Financial Flows across Africa, which drain the continent of $88 billion annually. Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, made the call while speaking at the opening of the 5th Sub-Committee on Tax and IFFs of the African Union’s […]

featured Finance

Naira opens Q2 2026 at ₦1,385/$ as market remains calm

The Naira began the new month and the second quarter of 2026 with a show of resilience, trading within a stable range against the United States Dollar. Market activity on Wednesday, April 1, 2026, reflects a balanced landscape as the Central Bank of Nigeria continues to navigate liquidity management and inflationary pressures. At the Nigerian […]

Business featured

W’Bank, ILO warn GenAI will reshape global labour markets

A new joint working paper by the International Labour Organisation and the World Bank has cautioned that generative artificial intelligence is set to transform labour markets globally, though its effects will vary sharply between advanced and developing economies. The study, produced as a background paper for the World Development Report 2026, analysed labour market exposure […]

Finance

DMO reports 4.28% oversubscription in March bond auction

The Federal Government of Nigeria bond auction in March 2026 recorded strong investor demand with a 4.28 per cent oversubscription, the Debt Management Office disclosed on Tuesday. Investors bid N931.5 billion for bonds worth N750 billion, though total allotments fell 7.4 per cent to N485.49 billion, down from N524.28 billion in February. Three instruments were […]

Policy and Regulations

CBN orders banks to file cybersecurity reports within three weeks

The Central Bank of Nigeria has directed banks and other financial institutions to submit detailed reports on their cybersecurity frameworks within three weeks in a move to strengthen oversight and safeguard the financial system against rising digital threats. In a circular to Deposit Money Banks, Payment Service Banks, Microfinance Banks, fintechs and other regulated entities, […]

Finance

NGX investors pocket ₦29trn gains in Q1 2026

Nigeria’s stock market ended the first quarter of 2026 on a high note, with investors making massive gains of over N29 trillion in just three months. The strong performance comes amid ongoing economic reforms in the country. The total value of all listed companies on the Nigerian Exchange Limited (NGX), known as market capitalization, rose […]

featured Finance

Afreximbank underwrites $2.5bn loan for Dangote Refinery

The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals. A syndicated loan is a financing arrangement involving a large sum of money provided by a group of lenders. In a statement confirming the deal, Afreximbank disclosed that it and Access Bank […]

GTCO hits N433bn profit in Q3 2023
Business

GTCO reports strong 2025 earnings with record dividend payout

Guaranty Trust Holding Company Plc has recorded interest income of N1.622 trillion for the audited financial year ended December 31, 2025, representing a 22.8 per cent increase from N1.321 trillion recorded in the corresponding period of 2024. The company also declared a dividend of N12.76 per share for the financial year 2025. Results released to […]

Business

BUA Foods records ₦518bn profit amid Rabiu-Elumelu alliance

Nigeria’s industrial and financial heavyweights, the Founder and Chairman of BUA Group, Abdul Samad Rabiu, and Chairman of United Bank for Africa, Tony Elumelu, have moved to deepen their partnership to drive Nigeria’s industrial growth. In line with the partnership, Rabiu recently hosted Elumelu and his executive management team at BUA Group’s corporate headquarters in […]

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