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Spain to impose border controls on Italian passengers

  • 8th August 2026

Burger King regains second spot in US burger

  • 8th August 2026

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

  • 7th August 2026

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

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

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Spain to impose border controls on Italian passengers

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Fire guts Alaba market furniture section

A section of the Alaba International Market in Lagos State was engulfed by a fire on Tuesday evening, resulting in the destruction of goods and property whose value has yet to be ascertained. Videos shared on the social media platform X showed thick smoke and flames rising dramatically from the market’s furniture section, which is […]

featured Finance

FX markets hold steady near ₦1,468/$1 at official rate

The Naira traded in a narrow band across both the official and parallel foreign exchange markets on Wednesday, with the Daily Nigerian Foreign Exchange Market fixing the dollar at about ₦1,468 per $1. In contrast, the parallel, or black market, quoted the dollar slightly higher, between ₦1,480 (buy) and ₦1,495 (sell). Markets remained relatively calm […]

Business

FG orders MDAs to submit all bank account statements

MDAs to submit The Federal Government, via the Office of the Accountant-General of the Federation, has directed all Ministries, Departments, and Agencies to submit their account statements held in commercial banks. According to the government, the directive is part of efforts to uphold financial discipline. The instruction was communicated in a memo signed by Accountant-General […]

Nigerian tax institute trains Gambian authorities on tax audit
Business

Tax reform to benefit low-Income citizens – CITN

The President of the Chartered Institute of Taxation of Nigeria, Mr. Innocent Ohagwa, has stated that the new tax reform will benefit Nigeria’s lower-income population rather than make life harder for them. Speaking at the investiture of the 7th Chairman of the CITN Ilorin District Society and the inauguration of its executive committee, Ohagwa emphasized […]

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Nigeria to push for higher OPEC oil quota – Minister

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, announced that Nigeria will seek an increased oil production quota at the upcoming Organisation of Petroleum Exporting Countries meeting in November. Speaking on Tuesday in Abuja during an interview with the media team of the Nigerian Upstream Petroleum Regulatory Commission, Lokpobiri reviewed the nation’s […]

OpenAI unveils GPT-5 amid rising industry investment
Tech

OpenAI unveils ChatGPT browser to rival Google, Perplexity

OpenAI on Tuesday unveiled ChatGPT Atlas, an AI-powered web browser designed to compete with Google and Perplexity. According to the company, Atlas offers a familiar browsing experience but is fully integrated with ChatGPT, allowing users to generate summaries, ask questions, and perform tasks directly while browsing any webpage. “We think that AI represents a rare […]

Reps proposes bill to ensure timely salary payments
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Reps to intervene in PENGASSAN–Dangote refinery dispute

The House of Representatives on Tuesday agreed to intervene in the recent dispute between the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Dangote Refinery, which has disrupted petroleum product distribution across the country. The decision followed the adoption of a motion of urgent public importance jointly sponsored by Alhassan Doguwa from […]

Anthropic counters OpenAI with $1 AI offer to government branches
Tech

Anthropic CEO pushes back against Trump AI chief’s criticism

Anthropic CEO Dario Amodei on Tuesday refuted what he called “inaccurate claims” about the company’s policy positions, following repeated criticism from venture capitalist David Sacks, President Donald Trump’s AI and crypto czar. Amodei said Anthropic shares the Trump administration’s views on “key areas of AI policy” and is open to collaborating with “anyone serious about […]

Business

Coca-Cola expands African bottling operations with $2.6b deal

Coca-Cola HBC has announced it will acquire 75 per cent of Johannesburg-based Coca-Cola Beverages Africa for $2.6 billion, creating the world’s second-largest Coca-Cola bottling partner by volume. The deal adds 14 African markets to HBC’s portfolio, including Egypt, covering more than half of the continent’s population and two-thirds of Coca-Cola’s total volume in Africa, the […]

Kenya clears Moniepoint’s acquisition of Sumac Microfinance Bank
Business

Moniepoint secures $200m series C funding to drive continental expansion

Nigerian fintech Moniepoint Inc. has raised an additional $90 million, boosting its Series C funding round to a total of $200 million as it seeks to expand across Africa and beyond. The latest funding was backed by leading global investors, including Visa Inc., Development Partners International (DPI), LeapFrog Investments, and Alphabet Inc.’s Google Africa Investment […]

American company PayPal has introduced a new cryptocurrency stablecoin called PayPal USD.
Tech

PayPal to expand stakes in German ecommerce firm Shopware

PayPal plans to boost its ownership in German ecommerce company Shopware from around 11 per cent to approximately 41 per cent, Bloomberg reports citing familiar sources. Founded by Sebastian and Stefan Hamann, Shopware offers ecommerce solutions for merchants. The extra shares are being purchased from a Carlyle Group fund. PayPal and Carlyle previously invested $100 […]

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