Business

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

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Manufacturers’ confidence rebounded in Q2 despite operating challenges —

Business

Naira holds steady at ₦1,368/$ in official FX market

Finance

Firms expect borrowing costs to ease in coming months

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Freight agents, Customs clash over Single Window rollout

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NDLEA seizes 7.6m tramadol pills, 76 tons of cannabis

The National Drug Law Enforcement Agency has announced the successful uncovering of immense stockpiles of illegal drugs across multiple states, reporting the seizure of more than 7.6 million tramadol pills and over 76,273 kilograms of cannabis in recent intelligence-led operations nationwide. According to the agency’s spokesman, Femi Babafemi, officers in Delta State recovered a significant […]

featured Opinion

Nigeria deserves transparency, Arewa youths demand FIRS probe

The Arewa Consultative Forum Youth Movement has stated that Nigeria deserves institutions built on transparency and leaders whose actions strengthen, not undermine, public trust. The movement’s President, Kabiru Yusuf, made this declaration in Abuja yesterday. He was responding to the escalating public demand for a forensic investigation into the Federal Inland Revenue Service. The forum […]

SpaceX’s starship spirals out of control in test flight
Tech

SpaceX eyes $800bn valuation in new insider share sale

SpaceX is gearing up for an insider share sale that could value Elon Musk’s rocket and satellite company at up to $800 billion, potentially restoring its status as the world’s most valuable private firm. The plan, reviewed by SpaceX’s board on Thursday at its Starbase facility in Texas, may still shift depending on seller and […]

New SEC regulation to enhance transparency in bank recapitalization
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SEC unveils centralized platform to boost collaboration across agencies

The Securities and Exchange Commission has unveiled the Regulatory Hub, a centralized digital platform aimed at enhancing collaboration, tightening oversight, and boosting transparency across Nigeria’s financial and capital markets. The Commission announced the development in a statement on its website. According to the SEC, the platform links major regulatory and security bodies—including the Office of […]

Ethiopia secures $3.4bn IMF loan after currency float
Business

Ethiopia to sign historic deal for Africa’s $29tr gas-by-rail project

Ethiopia is set to make history on Monday, December 8, 2025, when it signs a Host Country Collaborative Agreement with Insight Dynamic Resources to formally launch the Gas-by-Rail Economic Corridor Initiative. This signing marks the beginning of one of Africa’s most ambitious industrial and energy transformation projects. The GBR-ECI represents an unprecedented attempt to connect […]

News

S’African exporters shift focus to Africa amid US tariffs

South African agricultural exporters are expecting higher United States tariffs to persist as the diplomatic rift between Pretoria and Washington continues. In response, these exporters are actively seeking alternative markets on the African continent. Danie Dörfling, the head of business development at Moore Infinity, informed Business Times that liberalized trade policies could boost intra-Africa trade […]

Bill for tax crimes commission passes second reading
Business

NEPZA requests 10-year tax relief for free-zone operators

The Nigeria Export Processing Zones Authority has urged the Federal Government to grant a 10-year tax relief to all operators within the Special Economic Zones. The authority warned that failure to implement this transitional relief could undermine investor confidence and trigger disruptions across the free-zones ecosystem. This appeal comes barely one month before the scheduled […]

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16m children may die over global health funding cuts — Bill Gates

The Gates Foundation has disclosed that due to persistent global funding cuts, no fewer than 16 million children may die over the next 20 years. This alarming prediction was featured in the foundation’s 2025 Goalkeepers Report, titled ‘We Can’t Stop at Almost’, which stated that the number of children dying before their fifth birthday is […]

Food

NAFDAC warns against smuggled prohibited foods, threatens seizure

The National Agency for Food and Drug Administration and Control has raised an alarm over the growing incidence of smuggling, sale, and distribution of regulated food products currently found in markets across the country. The agency disclosed this critical information in a statement signed by its Director-General, Prof. Mojisola Adeyeye, on Saturday in Abuja. NAFDAC […]

Business

Abuja is now Nigeria’s growing hub for creatives, says minister

The Minister of State for the Federal Capital Territory, Dr. Mariya Mahmoud, has affirmed that the nation’s capital, Abuja, is not just the political capital but also a growing hub for arts, culture, and creative expression. The Minister made this statement at the closing ceremony and award night of the 2025 Zuma International Film Festival, […]

Opinion

G20 risks collapse amid US-South Africa rift, analysts warn

Geopolitical analysts have issued a warning that the G20 may fracture into rival blocs as diplomatic tensions between the United States and South Africa reach their highest point in years. These concerns arose following Washington’s decision to exclude South Africa, an existing full member, from the 2026 G20 Summit, choosing instead to extend an invitation […]

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