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

Business

Host community trust fund rises to ₦373b, says NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has announced that the Host Community Development Trust Fund has grown to ₦373 billion as of October 13, 2025, with 536 development projects currently underway across oil-producing regions. In a statement on Monday, the Commission’s Head of Media and Strategic Communications, Eniola Akinkuotu, said the fund includes ₦125 billion […]

EU rules out fee for tech giants under digital markets act
Business

Nigeria secures N320bn EU loan to boost agribusiness

Nigeria’s agricultural sector is set to receive a major financing boost as the European Union has approved a €190 million (about ₦320.5 billion) credit line to expand lending to farmers and agribusinesses through local commercial banks and development finance institutions. The facility, provided by the European Investment Bank, was unveiled during a bilateral meeting between […]

Business

FCCPC hails CBN’s 48-hour ATM refund rule for bank customers

The Federal Competition and Consumer Protection Commission has endorsed the Central Bank of Nigeria’s new draft guidelines requiring banks to refund customers for failed Automated Teller Machine transactions within 48 hours. In a statement issued on Monday, the FCCPC’s Director of Corporate Affairs, Mr. Ondaje Ijagwu, said the Commission welcomes the policy, noting that it […]

Business

AfDB approves $22.8m grant to boost Mozambique’s food security

Mozambique is set to receive a $22.8 million agricultural grant from the African Development Bank to tackle rising food insecurity and malnutrition amid increasing climate-related challenges. The East African nation, home to over 35 million people, currently produces only half of the rice it consumes annually, around 600,000 tons, making it heavily reliant on imports […]

Business

Five top car-makers on trial in UK over ‘Dieselgate’

Five leading car manufacturers are facing trial in the United Kingdom over the “dieselgate” scandal The High Court is hearing a class action lawsuit representing 850,000 drivers, according to Skynews. A decade has passed since dieselgate first emerged. The scandal initially hit the Volkswagen Group, eventually costing the company roughly £30 billion in fines and […]

Canal+ edges closer to MultiChoice takeover as regulators back R55bn deal
Tech

Canal+ to list on JSE after $3b MultiChoice acquisition

French media powerhouse Canal+ has announced plans for a secondary inward listing on the Johannesburg Stock Exchange following its $3 billion acquisition of South African pay-TV leader MultiChoice Group Ltd. In a statement on Monday, Canal+ said the listing forms part of its broader strategy to expand its presence across Africa while leveraging MultiChoice’s sizable […]

Business

Alake reaffirms FG’s commitment to solid minerals sector reforms

The Minister of Solid Minerals Development, Dr. Dele Alake, has reaffirmed the federal government’s commitment to ongoing sector reforms, emphasizing that no threats or attempts at blackmail will derail the transformative agenda already showing positive results. In a statement issued by the Special Assistant on Media to the Minister, Segun Tomori, Dr. Alake spoke at […]

News

No replacement plan, Edun is recovering in Abuja, says presidency

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, is currently recuperating at his Abuja residence after falling ill, and reports of any plan by President Bola Tinubu to replace him are false, according to multiple sources in the Presidency who confirmed the situation to The PUNCH on Sunday. A senior […]

FG target Spanish investors for seven oil blocs
Oil and Gas

Refiners, NUPRC disagree over reasons for crude oil scarcity

The Nigerian Upstream Petroleum Regulatory Commission has revealed that 11 crude oil cargoes offered to local refiners in a single month went uncollected, despite persistent complaints from the refiners regarding a scarcity of crude supply. byThe Chief Executive of NUPRC, Gbenga Komolafe, who was represented by commission official Boma Atiyegoba during a panel session at […]

Business

Daewoo, Rivers resolve tax dispute over NLNG site

Daewoo Engineering and Construction Nigeria Limited has confirmed that all issues regarding tax deductions at the NLNG Train 7 Project site have been fully clarified and resolved in collaboration with the Rivers State Internal Revenue Service. Previously, DECN had requested a 14-day period to address the tax matters that had prompted protests by welders and […]

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

Naira strengthens officially, maintains ₦1,500 parallel market rate

The Naira recorded a stronger performance today on the official daily foreign-exchange window, though the parallel market rate persisted at around ₦1,500 to the dollar, maintaining a significant premium over the official rate derived by the Central Bank of Nigeria. The Nigerian Foreign Exchange Market, which is the volume-weighted average price the CBN utilizes as […]

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