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

Appointments featured

Nigeria assumes G-24 chairmanship, pledges global economic reform

Nigeria has officially assumed the highly influential chairmanship of the Intergovernmental Group of Twenty-Four, committing itself to amplifying the voices of developing nations and championing comprehensive global economic reforms focused on inclusion. This elevation is set to formally take effect on November 1, 2025, according to a statement released on Wednesday by the Central Bank […]

Policy and Regulations

Greek parliament set to approve controversial 13-hour workday reform

Greece’s parliament was scheduled to vote on Wednesday to approve a controversial labour reform that would permit private sector employees to work up to 13-hour days under exceptional, though specified, circumstances. This proposed change has ignited significant opposition from both labor unions and opposition political parties. The ruling conservatives are expected to pass the new […]

92 million Nigerians without access to electricity - FG
Electricity

FG finalizes ₦4trn bond to settle GenCos debts

The Federal Government has finalized the implementation frameworks for a massive ₦4 trillion government-backed bonds to settle verified outstanding arrears owed to power Generation Companies and gas suppliers. This significant development was disclosed in a statement made available to newsmen in Abuja by the Special Adviser to the President on Energy, Mrs. Olu Verheijen. The […]

News

Kano prison confirms transfer of death-row cleric Abduljabbar Kabara

The Nigerian Correctional Service, Kano State Command, has confirmed the transfer of the embattled Kano Islamic cleric, Sheikh Abduljabbar Kabara, to a different custodial facility operating under federal jurisdiction. Musbahu K/Nassarawa, the Command’s spokesperson, released a statement to newsmen clarifying that the decision to relocate the cleric was made in accordance with the Service’s statutory […]

featured News

Wale Edun flies to London for medical treatment

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has traveled to the United Kingdom to seek medical attention, a development confirmed by multiple sources on Tuesday morning. The report, initially published by Western Post, was corroborated by a source who had previously informed The PUNCH that the minister might seek […]

Economy

Naira now more competitive after reforms – Cardoso

The Governor of the Central Bank of Nigeria, Yemi Cardoso, stated that the Naira has become “more competitive” after months of economic reforms and currency stabilization initiatives. Addressing a G24 media briefing on Tuesday during the IMF/World Bank Annual Meetings in Washington, Cardoso highlighted that Nigeria’s proactive policies have strengthened the country’s resilience to global […]

Nigeria excluded as Trump hosts African leaders in Washington
News

Policymakers worry as US shutdown blurs global economic view

The United States government shutdown, which has halted the release of official economic data, could start obscuring the view for policymakers in Japan and other nations that rely on insights from the world’s largest economy to guide their own currency, trade, and inflation decisions. In other words, what happens in the U.S. doesn’t stay in […]

Foreign airlines increase airfare by 20%
Business

Lagos records 18,273 international tourists in 2024

The Lagos State Government reported 18,273 international tourist arrivals in 2024, an increase from 16,798 in 2023 and 14,357 in 2022. The figures were disclosed on Tuesday in Ikeja during a Public Policy Engagement Session with ministries and agencies from the entertainment and tourism sectors, according to NAN. The session was organised by the Policy […]

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

Naira weakens as parallel market holds ₦1,505 dollar rate

The Naira traded slightly weaker across Nigeria’s Foreign Exchange windows on Wednesday, October 15, 2025. The official market quotes, which are derived from the Daily Nigerian Foreign Exchange Market and represent the volume-weighted average, remained within the mid-₦1,400s band, specifically ranging between approximately ₦1,460–₦1,468 per US dollar. Simultaneously, the CBN’s published reference figure for the […]

Aviation

Nigeria, UK to revise BASA agreement for enhanced

Nigeria and the United Kingdom have agreed to initiate the process of revising their Bilateral Air Services Agreement to align with changing trends in international air travel and enhance cooperation between the two nations. This was disclosed in a statement share on Tuesday by Tunde Moshood, Special Adviser on Media and Communications to the Minister […]

NERC approves N21bn for free meters to Nigerians
Electricity

NERC approves ₦28bn for second phase of meter distribution

The Nigerian Electricity Regulatory Commission has approved the release of ₦28 billion to electricity distribution companies for the second phase of the Meter Acquisition Fund scheme, aimed at providing free meters to all remaining Band A customers. The directive, titled “NERC Order No. 2025/10 — Order on the Operationalisation of Tranche B of the Meter […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
featured

Reliable electricity key to unlocking Africa’s job potential – World Bank

The World Bank says affordable and reliable electricity could unlock Africa’s job potential, drive economic transformation, and lift millions out of poverty. In a new blog post titled “Switching on Opportunity: How Electricity Can Transform Jobs in Africa,” the Bank noted that although energy innovations have transformed work worldwide over the past 150 years, Africa’s […]

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