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Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

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  • 25th July 2026

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

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Investment

Anambra approves ₦200bn for new investment corporation ADIC

The Anambra State Executive Council has approved a capital base of N200 billion for the establishment of the Anambra Development and Investment Corporation with the state government committing 30 per cent of the capital. The state’s Commissioner for Information and Value Reformation, Dr. Law Mefor, disclosed this after the Executive Council meeting, stating that the […]

Policy and Regulations

Marketers threaten shutdown if FG enforces petrol price control

Fuel marketers have declared that their filling stations will stop selling petrol should the Federal Government try to enforce price control. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, issued the warning on Tuesday during an interview with Vanguard. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, […]

Travel

Japan visa rules threaten immigrant businesses, owners fear deportation

Small immigrant business owners in Tokyo are facing possible closure and deportation as Japan rolls out stricter business manager visa rules, with many saying the new capital and staffing requirements put their livelihoods and families at risk despite the country’s deepening labour shortages. AFP reported that in a tiny Tokyo restaurant filled with the smell […]

Tech

UK watchdog targets Apple, Google over app store dominance

The United Kingdom competition watchdog is moving to curb the dominance of Apple and Google over mobile platforms by proposing rules that would allow app developers to direct users to alternative payment options outside their app stores. The Competition and Markets Authority said restrictions imposed by Apple and Google prevent consumers and developers from making […]

featured Finance

W’Bank grants Nigeria’s $1.25bn loan request despite backlash

The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, despite growing public concerns over the country’s rising external debt profile. The approval was announced on Wednesday alongside the launch of the World Bank’s new Country Partnership Framework for Nigeria, which will run […]

Tech

Frequent AI users more likely to believe vaccine myths – Report

Adults in the United States who regularly use artificial intelligence chatbots for health advice are more likely to believe false claims about vaccines, according to a new survey released on Tuesday by health research firm KFF. The poll, conducted in May among a nationally representative sample of 2,480 U.S. adults, found that frequent AI users […]

Maritime

NPA backs Abuja MoU programme to boost maritime safety standards

Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho, has expressed support for the Abuja Memorandum of Understanding (Abuja MoU) Capacity Building Programme as a major step towards strengthening maritime governance and enhancing Port State Control across West and Central Africa. Vanguard reported that speaking at the programme’s launch in Abuja, Dantsoho reaffirmed the […]

featured Finance

World Bank to end loans to China by 2031

The World Bank will phase out its lending to China by 2031 under its new Country Partnership Framework, marking a significant shift in its relationship with the world’s second-largest economy. Financial Times reported that according to a World Bank official who spoke on condition of anonymity, the decision reflects China’s economic progress over the past […]

Crypto

Trump’s crypto empire generated more than $1bn in annual earnings

United States President Donald Trump earned more than $1 billion from his cryptocurrency ventures last year. This is according to a federal financial disclosure released on Monday, significantly boosting his overall annual income. Since returning to office for a second term, Trump and his family have expanded their investments in digital assets and crypto-related businesses. […]

Electricity

DisCos earn N801.16bn despite months of power outages

Electricity distribution companies collected a total of N801.16bn from consumers between January and April 2026 despite persistent power outages and supply constraints across the country, according to data from the Nigerian Electricity Regulatory Commission. The regulator’s commercial performance factsheets showed that the 11 DisCos recorded collections of N204.74bn in January, N196.68bn in February, N196.13bn in […]

Business

FG clears $2.76bn financing package for transport, agriculture, MSMEs

The Federal Executive Council has approved financing packages totalling approximately $2.76 billion, €200 million and N215 billion to fund key projects across the transportation, agriculture, renewable energy, infrastructure and micro, small and medium-sized enterprises sectors. The approvals were disclosed by the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, following Monday’s FEC […]

Business

Nigeria emerges Africa’s best performer on IMD economic performance index

Nigeria ranked as the strongest-performing African economy in the economic performance category of the 2026 International Institute for Management Development World Competitiveness Ranking, outperforming the five other African countries included in the assessment. The IMD report, which evaluated 70 economies across four pillars—economic performance, government efficiency, business efficiency and infrastructure—placed Nigeria 55th globally in economic […]

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