Business

NGX gains ₦237.8bn as FUGAZ banking stocks lead

  • 8th August 2026

X scraps revenue sharing, unveils original content rewards

  • 8th August 2026

Spain to impose border controls on Italian passengers

  • 8th August 2026

Burger King regains second spot in US burger

  • 8th August 2026

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NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday

Business

FG unveils unified regulatory framework for crypto industry

Policy and Regulations

X scraps revenue sharing, unveils original content rewards programme

Business featured

Nigeria’s external debt service falls 31.5% to $954m

Business

Blog

featured

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
Mobile phones

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 […]

Guinness Nigeria faces N49bn exchange rate loss
Business

Guinness Nigeria to resume dividend payments after two-year hiatus

Guinness Nigeria Plc is expected to resume dividend payments next year after the beer maker halted payments in 2023. This projection signals a significant recovery for a company that suffered severely from macroeconomic headwinds, which had pushed its retained earnings into negative territory. Analysts at the Lagos-based consultancy CardinalStone indicated the expected resumption in a […]

Foreign airlines increase airfare by 20%
Aviation

Firm urges airports upgrade to boost passenger experience, reduce cost

AVIC-KDN, a global provider of end-to-end airport engineering and operations solutions, has stated that there is an urgent need to enhance Nigeria’s airport efficiency and establish integrated processes that can reduce operational costs to improve passenger experience. Tim Chen, Vice President of AVIC-KDN, spoke at the maiden Nigeria International Airshow in Abuja. He asserted that […]

eTranzact’s revenue rises by 88% in Q3 2023
Business

eTranzact leads ICT profitability with 11.9% net margin — Report

Nigeria’s listed ICT companies recorded significantly different net profit margins in the first nine months of 2025, with eTranzact leading the pack, according to a new analysis by BusinessDay. The data shows that while eTranzact, CWG, and Chams generated revenue, their ability to convert that topline into net earnings diverges sharply, offering investors and market […]

Policy and Regulations

Reps pass bill to protect children from online abuse

A Bill for an Act to provide for the enactment of Child Online Access Protection and other Issues of Online Violence Against the Nigerian Child has successfully passed its third reading in the House of Representatives. The bill, which was sponsored by Rep. Olumide Osoba (APC-Ogun) and Rep. Babajimi Benson (APC-Lagos), received a majority vote […]

Business

Crowdfunding, leasing cheaper than bank loans for SMEs — Experts

Experts have highlighted a widening range of non-bank financing options designed to help small businesses overcome long-standing barriers to obtaining traditional bank loans. Speaking at the 2025 BusinessDay SME Conference and Awards in Lagos, themed ‘Driving Nigeria’s Economy, Empowering SMEs for Global Competitiveness,’ the experts noted that the future of SME funding in Nigeria will […]

Gradual removal of old naira notes continues – CBN
Opinion

‘Detty December’ inflow to boost naira – Analyst

A new report suggests that inflows generated by seasonal activities, particularly the “Detty December” festivities, are expected to provide a boost to the naira after it experienced a mild depreciation last month. According to BusinessDay, analysts at the research unit of the FMDA, in their latest monthly report for November, foresee positive effects from the […]

Entertainment featured

Nigerians streamed 1.3bn hours on Spotify in 2025

Nigerians streamed music and podcasts on Spotify for over 1.3 billion hours in 2025, according to the company’s annual Wrapped report released today. This colossal listening time is roughly equivalent to the number of hours in 149,000 years. The figure marks a sharp increase in consumption, confirming a growing preference and support for local artists […]

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