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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Oshiomhole urges stronger regulation of tech-driven financial institutions

Senator Adams Oshiomhole, representing Edo North, has called on the National Assembly to strengthen oversight of financial institutions operating beyond the traditional banking sector. He made the remarks on Thursday while contributing to the plenary debate on a bill aimed at amending the Banks and Other Financial Institutions Act to provide for the designation, registration, […]

New SEC regulation to enhance transparency in bank recapitalization
Finance

SEC approves commercial paper listing, boosts NGX debt market

Nigerian Exchange Limited has introduced Commercial Paper listings, following approval from the Securities and Exchange Commission, marking another significant expansion of its product suite. This development deepens Nigeria’s short-term debt market and reinforces NGX’s role as a versatile hub for capital formation. The new listing window enables corporates and issuers to list and trade both […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Business

NCC reaffirms commitment to combating piracy

The Director-General of the Nigerian Copyright Commission, Dr. John Asein, has reaffirmed the commission’s commitment to fighting piracy. He made the remarks on Thursday at the Nigeria Publishers Association’s diamond jubilee and annual general meeting, held at Lekan Are Hall, Kakanfo Inn and Conference Centre, Ibadan, Oyo State. Dr. Asein highlighted that the NCC has […]

Economy

New tax laws target investment, fiscal stability, FIRS assures

The Federal Inland Revenue Service has stated that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments and improve long-term fiscal stability. The agency also clarified that the much-debated four per cent development levy on imported goods is not a new or additional tax burden, but a streamlined consolidation of several […]

Finance

Financial sector GDP contribution drops 15% in nine months

Banks, insurance, and other financial institutions’ contribution to the economy fell by 15 per cent to N1.512 trillion in the third quarter, from N1.778 trillion in the first quarter of the year. This followed the second consecutive decline in the sector’s quarterly contribution to the nation’s Gross Domestic Product in the Q3’25. Vanguard reported that […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
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Naira holds steady as external reserves hit $44.56bn

The exchange rate between the United States Dollar and the Nigerian Naira remained stable on Friday, December 5, 2025, as the local currency held its ground across both the official and parallel markets. Data from the FMDQ Securities Exchange, which oversees the official Nigerian Foreign Exchange Market, indicates that the Naira is trading at N1,450.25 […]

Business

PENGASSAN demands identification of terrorism financiers

The Petroleum and Natural Gas Senior Staff Association of Nigeria has joined the chorus of concern over rising insecurity, urging the Federal Government to identify and prosecute sponsors of terrorism and take urgent action to curb the surge in kidnappings. PENGASSAN President, Festus Osifo, issued the warning on Thursday during a press conference after the […]

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FG to pay N185bn gas debts, boost power supply – Minister

The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, on Thursday revealed that the Federal Government has taken a major step to boost the gas sector and ensure stable power supply, following President Bola Tinubu’s approval to clear N185 billion in longstanding debts owed to natural gas producers. In a statement from his spokesman, […]

India warns YouTube, X, others over child abuse content
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Meta launches centralized AI-powered support hub for Facebook, IG

Meta announced on Thursday the launch of a new centralized support hub designed for both Facebook and Instagram users globally, acknowledging that its prior support options have not “always met expectations.” Within this new hub, users will find a collection of tools aimed at addressing account issues, facilitating the recovery of lost accounts, and utilizing […]

How FG can avoid recession in 2023 - LCCI
Business

LCCI elects Leye Kupoluyi as new president

The Lagos Chamber of Commerce and Industry has elected Mr. Leye Kupoluyi as its new President and Chairman of Council. The announcement was officially made on Thursday by Dr. Chinyere Almona, Director General of LCCI, during the chamber’s 137th Annual General Meeting held in Lagos. Kupoluyi’s appointment comes following the completion of Mr. Gabriel Idahosa’s […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
Tech

Zuckerberg plans major cuts to Meta’s Metaverse division

Meta Platforms Inc.’s Mark Zuckerberg is reportedly planning significant reductions in resources for the company’s metaverse initiatives, once touted as its future and a key reason for rebranding from Facebook Inc. The executives are weighing budget cuts of up to 30 per cent next year for the metaverse division, which encompasses the Meta Horizon Worlds […]

Tech

Natasha Akpoti, Eberechi Eze lead Google’s 2025 searches in Nigeria

Google has unveiled its 2025 Year in Search report for Nigeria, highlighting Senator Natasha Akpoti and footballer Eberechi Eze as the country’s most searched personalities. The annual report reveals the topics that captured Nigerians’ curiosity throughout the year, spanning major news events, prominent figures, entertainment, lifestyle, and frequently asked questions. “This year, Nigerians used Search […]

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