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

Air Peace denies alleged safety protocol violations in UK
Aviation

Air Peace clarifies dispute with Smartlynx, alleges $38m fraud

Air Peace has issued a clarification stating unequivocally that it has no intention of detaining any Lessor’s aircraft in Nigeria or anywhere else. The airline detailed that its current issues with the trio of Smartlynx Airlines Malta Limited, SIA Smartlynx Airlines, and Smartlynx Estonia OU (collectively referred to as “Smartlynx”) stem from the operation of […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

Ecobank seeks to buy back remaining $150m eurobond debt

Ecobank Nigeria Limited has announced a tender offer for the remaining US150 million of its US300 million 7.125 per cent Senior Note Participation Notes due in 2026. This offer opened on Friday, November 28, 2025, allowing eligible noteholders to tender their securities ahead of the bond’s original maturity date of February 16, 2026. According to […]

Economy

FATF exit saves Nigeria $30bn, says CBN gov

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, stated that Nigeria’s exit from the Financial Action Task Force grey list has successfully restored global confidence in the nation’s financial system and prevented the economy from losing over $30 billion in potential investments. The Governor made this significant disclosure on Friday during the annual […]

featured Oil and Gas

NNPCL’s revenue hits N5.08tr in October

The Nigerian National Petroleum Company Limited reported a significant surge in revenue for October 2025, reaching N5.08 trillion. This figure marks a substantial increase from the N4.27 trillion recorded in September. The company’s Monthly Report Summary for October 2025 contained these financial figures. The report indicates that NNPC Ltd’s profit after tax saw a sharp […]

Private sector laments loan repayment as interest rate hits 26.26%
Business

FATF exit saved Nigeria $30bn potential investment — CBN gov

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has stated that Nigeria’s removal from the Financial Action Task Force grey list has prevented the potential loss of over $30 billion in investments Speaking at the annual Bankers’ Dinner in Lagos hosted by the Chartered Institute of Bankers of Nigeria, Cardoso said that the […]

100 Airbus employees fall sick after company's Christmas party
Aviation

Global flight disruption looms over plane modifications — Airbus

European aerospace giant Airbus has warned that flights will be disrupted after it requested immediate modifications to thousands of its A320-family planes. The move comes after the aircraft makers discovered that intense radiation from the Sun could corrupt data crucial to flight control. About 6,000 planes are thought to be affected, which makes up about […]

Bankers oppose removal of retained earnings in CBN terms
Finance

CBN projects 2026 disinflation, possible rate cuts

Nigerian central bank Governor Olayemi Cardoso has hinted that the apex bank could resume interest-rate cuts next year, provided inflation continues to cool as expected. “Our models project continued disinflation in 2026, helped by stronger domestic production, improved foreign exchange liquidity, and more disciplined liquidity management,” he told an annual banker’s dinner in Lagos on […]

2023 budget: ASUU threatens strike over unreleased N170bn
Conferences

Enugu ASUU demands salary review

The Academic Staff Union of Universities, Enugu State University of Science and Technology Branch, has demanded a review of staff salaries, insisting it is a fundamental right. The Acting Chairperson, Comrade Andrew Apeh, addressed members on Thursday during the 2025 ASUU Day celebration at the Governor Peter Mbah Auditorium, ESUT main campus, Agbani. He encouraged […]

Fuel prices drop in Niger Republic as Nigeria supplies petrol
featured

Nigeria’s daily petrol consumption hits 56.74m litres in October — NMDPRA

The average daily consumption of petrol in Nigeria climbed to 56.74 million litres in October 2025. This comes from the latest Fact Sheet released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. According to the regulator, this figure represents the total nationwide demand recorded through all fuel distribution channels for the month. NMDPRA noted […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
featured Investment

Foreign investment soars to $21bn in 2025 — Cardoso

Nigeria experienced a significant surge in external investor confidence, with foreign capital inflows reaching $20.98 billion in the first ten months of 2025. This figure, the highest in years, was disclosed by the Central Bank Governor, Mr. Olayemi Cardoso. Speaking at the 2025 Annual Bankers’ Dinner of the Chartered Institute of Bankers of Nigeria in […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Dollar trades at ₦1,446.9 in official FX market

The United States dollar is trading at ₦1,446.9 in the official Nigerian Foreign Exchange Market window today. On the parallel, or black market, the dollar is being quoted at approximately ₦1,476 per dollar. The gap between the official and parallel-market rates consequently stands at roughly ₦29.1 per dollar. This difference underlines the continued divergence between […]

Air cargo demand rises by 18.4% January - IATA
Aviation

Global flight in chaos after major Airbus jet recall

A major software glitch in Airbus jets prompted the cancellation of hundreds of flights worldwide, disrupting the busy holiday travel season. The European planemaker stated the issue could affect over 6,500 aircraft, and regulators have mandated that a software upgrade be completed before any affected plane can fly again. Airlines grounded flights and scrambled to […]

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