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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Trump threatens 100% tariffs on BRICS nations over dollar challenge
featured Finance

Trump’s war threat drags naira, equities market down sharply

Nigeria’s financial markets opened the month on a downturn as both the naira and equities weakened sharply on Monday, following remarks by United States President Donald Trump hinting at possible military action against Nigeria over alleged religious persecution. According to The PUNCH, the figures from the Central Bank of Nigeria showed that the naira, which […]

Business

Firm secures $50bn investment to develop refinery in Ondo

Ondo State’s industrialisation agenda has received a major boost as Backbone Infrastructure Limited secured funding commitments exceeding $50 billion for the development of a 500,000-barrel-per-day refinery and the Sunshine Free Trade Zone in Ilaje Local Government Area. The funding was facilitated through a joint venture between BINL and Canada’s NEFEX Holdings Limited, representing one of […]

Microsoft plans for collaboration with AI agents
Tech

Microsoft gets approval to export Nvidia chips to UAE

Microsoft announced on Monday that it has obtained export licenses to send Nvidia chips to the United Arab Emirates, a development that could boost the Gulf nation’s ambitious AI initiatives. The company said it is the first to receive such licenses under United States President Donald Trump’s administration. The Commerce Department granted approval in September, […]

News

FG grants temporary access to Lagos-Calabar highway following Lekki accident

The Federal Government has authorized the temporary use of the Lagos-Calabar Coastal Highway in Lagos following a truck accident on Monday in the Chisco area of Lekki, which led to heavy traffic congestion. According to a statement from the Lagos State Ministry of Transportation, the Federal Ministry of Works approved the highway’s temporary opening to […]

Business

FG’s 15% import levy stems from regulatory lapses – Expert

Co-Founder and Chief Executive Officer of Dairy Hills, Kelvin Emmanuel, has attributed the 15 per cent import tax introduced by the Federal Government to regulatory lapses in enforcing the Petroleum Industry Act. Speaking on ARISE News on Monday, Emmanuel said the Tinubu administration’s decision aligns with international trade laws and adheres to global standards on […]

Aviation

FG to end sale of flight tickets in dollars — NANTA President

The President of the National Association of Nigerian Travel Agencies, Yinka Folami, has said that the Federal Government will stop foreign airlines from selling flight tickets in United States dollars. Folami criticized the practice, describing dollar-denominated ticket sales as “an economic crime” against the country. “Those of us in the aviation space understand that until […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Tech

Microsoft expands AI infrastructure via $9.7b deal with IREN

Data center operator IREN announced on Monday that it has signed a nearly $9.7 billion cloud services agreement with Microsoft, granting the tech giant access to Nvidia’s GB300 processors over the next five years. The deal marks Microsoft’s latest effort to expand its AI and data center infrastructure amid surging demand that continues to strain […]

Business

FG, private sector launch engagement forum to boost economic ties

The Federal Government, through the Ministry of Finance, has hosted the inaugural edition of the Government-Private Sector Dialogue Series. Held on Saturday, November 1, at the Radisson Blu Hotel in Ikeja, Lagos, the event forms part of the government’s initiative to align national economic reforms with real-world business realities. Speaking on the theme “Finance and […]

N130bn Sukuk listed on NGX, FMDQ - DMO
Business

DMO opens subscription for November 2025 FGN savings bond

The Debt Management Office has opened subscriptions for the November 2025 issuance of the Federal Government of Nigeria Savings Bond. The bond offers investors competitive interest rates and a secure platform to support national economic growth. According to details published on the DMO’s website on Monday, the offer includes a 2-Year FGN Savings Bond due […]

Pound falls more than 1% after BoE move
Finance

Pound sterling trades above ₦2,000/£ in FX market

The British pound sterling traded at approximately ₦2,065.96 to £1 in the Nigerian market, according to current online currency conversion services. On the parallel (street/black) market, reported quotes for £1 ranged around ₦2,000 to ₦2,100, reflecting the often higher premiums in informal FX channels. The figure of roughly ₦2,065.96 per £1 represents the market conversion […]

Price of of cooking gas rose by 13.75% in May 2024
Business

Cooking gas remains high, sold at ₦1,400/kg despite assurances

The price of Liquefied Petroleum Gas, otherwise known as cooking gas, has remained high despite assurances from marketers that the product will return to its pre-October price range of ₦950 to ₦1,000 per kilogram. Vanguard reported that according to a visit to some gas stations in Lagos, the product was sold yesterday at between ₦1,200 […]

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