Business

Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran

  • 7th August 2026

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

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Canada visa wait-time rises for Nigerian applicants — IRCC

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Firms, households expect inflation pressures to ease further —

Economy

Trump signs new executive order banning birth tourism

Travel

Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

Business

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Business

FIRS denies Xpress Payments as sole tax fee platform

The Federal Inland Revenue Service has refuted recent claims regarding the appointment of Xpress Payments as a solitary part of the national revenue collection system. The agency described these claims as inaccurate and capable of politicising a strictly administrative process. In a statement signed by Arabinrin Aderonke Atoyebi, Technical Assistant on Broadcast Media to the […]

Dangote Sugar exceeds N1tn market cap level 
Business

Dangote plans $700m investment to end sugar import

The Dangote Group is poised to end Nigeria’s reliance on imported sugar through an extensive investment of more than $700 million in a sugar expansion plan aimed at significantly boosting local production. Dangote Sugar Refinery, a subsidiary of the group, is planning to allocate this substantial investment towards crucial areas, including land development, equipment acquisition, […]

How equity investors his N8bn profit one week
Finance

Nigerian equities market suffers N2.1tr loss

The Nigerian equities market extended its bearish streak last week, driven by persistent sell pressures and weak investor demands. This downturn resulted in investors collectively losing N2.1 trillion over the five trading days. Specifically, the market capitalisation of the Nigerian Exchange Limited, which represents the total value of all listed stocks, decreased from N93.501 trillion […]

New SEC regulation to enhance transparency in bank recapitalization
Finance

SEC declares transition to T+2 equities settlement

The Securities and Exchange Commission is scheduled to officially transition to a T+2 settlement cycle for equities transactions starting on Friday, November 28, 2025, barring any unforeseen circumstances. This strategic move is intended to align the Nigerian capital market with global best practices and significantly enhance overall market efficiency. The Commission disclosed the new timeline […]

Naira plunges to record low against pounds
featured Finance

Naira depreciates to N1,456.72/$

The Naira experienced a noticeable downturn last week, depreciating by 0.99% at the official Nigerian Foreign Exchange Market to N1,456.72/$ as of Friday. This figure compares with the N1,442.43/$ recorded in the previous week. On the parallel market, the local currency weakened slightly, trading within a range of N1,470/$ and N1,475/$. In its weekly report, […]

Why capital market operators must adopt technology—FinTechNGR, SEC
Business

Stockbrokers issue recommendations to fast-track capital market growth

The Chartered Institute of Stockbrokers has issued a comprehensive set of recommendations aimed at fast-tracking the modernisation and overall growth of Nigeria’s capital market. At the Institute’s 29th Annual Stockbrokers’ Conference held in Abuja, participants were unanimous in their emphasis that decisive reforms were essential for positioning the market as a vital catalyst for national […]

Technology

MOMAS earmarks €3m to build electro-tech training centre in Ogun

Nigeria’s quest to leverage technology is receiving strong support as the MOMAS Group has laid the foundation for a €3 million Technical Vocational and Educational Training Centre for Electro-Technology in Ogun State. Chairman of MOMAS, Mr. Kola Balogun, stated that the centre’s primary goal is to build on past efforts to equip young people with […]

Minister threatens to revoke Kogi-Benin Road contracts
News

FG considers filling lagoon to replace building 3km Lekki seaport bridge

The Federal Government is exploring the option of filling a stagnant lagoon as an alternative to constructing a 3-kilometre bridge on the ongoing Lekki Deep Seaport–Epe–Ijebu-Ode access road. Minister of Works David Umahi disclosed this during an inspection of the project on Sunday, according to the News Agency of Nigeria. He also stated that the […]

Business

NNPC audit uncovers over N61bn in irregular payments

The Office of the Auditor-General for the Federation has identified 28 significant financial irregularities involving the Nigerian National Petroleum Company Limited, totaling approximately N61.1 billion. The discrepancies include questionable payments and undocumented expenditures amounting to N30.1 billion, $51.6 million, £14.3 million, and €5.17 million. According to the report obtained on Sunday these issues are detailed […]

Business

No monopoly granted to Xpress Payments for TSA collection — FIRS

The Federal Inland Revenue Service has dismissed claims by former Vice President Atiku Abubakar regarding the selection of Xpress Payments Solutions Limited as a platform for Treasury Single Account revenue collection. In a social media post on Sunday, Atiku criticised what he called the federal government’s “quiet appointment” of Xpress Payments, suggesting it represented a […]

featured Maritime

Port state control key to global shipping safety — NIMASA

The Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Dayo Mobereola, has stated that effective Port State Control is a critical instrument for ensuring global safety and maintaining environmental standards within the shipping industry. He conveyed this message at a five-day Regional Train the Trainer Workshop on Port State Control for Member […]

NIMASA, Sternula collaborate on vessel communication
Business

FG unveils PPP model to lead maritime decarbonisation in Africa

The Nigerian Maritime Administration and Safety Agency has unveiled a new Public-Private Partnership model designed to drive maritime decarbonisation across Africa, marking a significant step in the country’s push toward cleaner shipping. Speaking at the 2025 UN Framework Convention on Climate Change in Balem, Brazil, NIMASA presented its newly established Nigerian Maritime Continuous Emissions Monitoring […]

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