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

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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

Crypto Market sheds $130bn amid Trump tariff
Crypto

Cryptocurrencies rebound after weekend selloff on trade optimism

Major cryptocurrencies rebounded sharply on Monday following a weekend selloff, supported by remarks from President Donald Trump hinting at a more cooperative stance on US-China trade. “The rebound is driven by a conciliatory message from Trump,” said Richard Galvin, co-founder of hedge fund DACM. Most altcoins—smaller digital tokens—remain significantly below their October 9 levels, Galvin […]

Business

Stanbic IBTC leads financing for UAC’s acquisition of CHI

Stanbic IBTC Holdings Plc served as the mandated lead arranger for UAC Nigeria’s acquisition of CHI Limited, providing comprehensive financial support to ensure the successful completion of the transaction. According to a statement from the holding company on Sunday, Stanbic IBTC also acted as Global Coordinator, working closely with UAC to design a multi-product investment […]

Minister threatens to revoke Kogi-Benin Road contracts
News

FG commissions reconstructed Port Harcourt road in Aba

The Federal Government has inaugurated the reconstructed 6.7-kilometre Port Harcourt Road in Aba, marking a key milestone in Abia State’s ongoing infrastructure renewal and economic revitalisation drive. President Bola Tinubu, represented by the Minister of Works, Dave Umahi, hailed the project’s completion as a “miracle” made possible through the collaboration of the Federal Government, the […]

featured

FG’s debt to GenCos hit ₦1.05tn in H1 2025

The Federal Government’s debt to electricity generation companies has climbed to ₦1.05 trillion in the first half of 2025. This amount represents unpaid power subsidy obligations for the first and second quarters of the year. According to the Nigerian Electricity Regulatory Commission’s Second Quarter Report for 2025, the government accumulated ₦514.35 billion in subsidy obligations […]

Business

Dangote Cement begins operations at new Ivory Coast plant

Dangote Cement has officially commenced operations at its new plant in Attingué, located about 30 kilometres from Abidjan, Ivory Coast. In a statement on Sunday, the group said the announcement was made last Wednesday by Serge Gbotta, Managing Director of Dangote Cement, Ivory Coast, during an event at Novotel Abidjan-Marcory. Spanning 50 hectares, the facility […]

Private sector laments loan repayment as interest rate hits 26.26%
featured

Cardoso leads Nigeria to US for IMF, W’Bank meeting

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, will head Nigeria’s delegation to the 2025 World Bank and International Monetary Fund Annual Meetings in Washington D.C., which begin on Monday, October 13. According to a statement issued on Sunday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Cardoso […]

Business

Enugu reiterates commitment to boost Igbo businesses

The Enugu State Government has reiterated its commitment to strengthening Igbo-owned enterprises and ensuring long-term business sustainability. This was made known by the Governor, Dr. Peter Mbah, during the official opening of the leading investment and financial services firm, Afrinvest’s office in Enugu. Representing Governor Mbah at the inauguration was the Deputy Governor, Ifeanyi Ossai, […]

News

Aiyedatiwa vows Ondo’s collaboration with new South-West commission

The Governor of Ondo State, Lucky Aiyedatiwa, has expressed the readiness of his administration to collaborate with the newly created South-West Development Commission to advance infrastructural renewal, industrialisation, and youth empowerment across the state. The governor made this known at a reception held on Saturday in honour of the state’s representative in the commission, Jide […]

Transportation

FG owes Imo for federal roads — Uzodimma

Imo State Governor, Hope Uzodimma, has revealed that the Federal Government is yet to refund the funds spent by his administration on the rehabilitation and reconstruction of key federal roads within the state. The governor made the disclosure during an expanded meeting of the Imo State Executive Council held on Saturday, where he provided an […]

CBN restricts daily limit of POS transactions to N100,000
Banking

CBN’s new PoS policy may kick us out of business – Agents

A new policy from the Central Bank of Nigeria on agent banking is projected to push about 40 per cent of Point-of-Sale operators out of business, according to the national body representing them. The National President of the Association of Mobile Money and Bank Agents of Nigeria, Fasasi Sharafadeen, told Sunday PUNCH that the recently […]

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