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

Court dismisses MAN’s lawsuit against electricity tariff hike
Electricity

REA targets 17.5m Nigerians with new electricity programmes

The Managing Director of the Rural Electrification Agency, Abba Aliyu, has said that the agency is implementing programs aimed at providing electricity access to no fewer than 17.5 million Nigerians. Aliyu stated this during an interview with The PUNCH on Wednesday in Abuja following the agency’s 2025 Customer Service Week celebration, held in collaboration with […]

United Nation's logo
Business

UN, IOFS launch climate-smart cassava initiative for women

UN Women, in partnership with the Islamic Organisation for Food Security, has launched a new initiative to equip women farmers with climate‑smart technologies aimed at increasing cassava yields and strengthening Nigeria’s agricultural value chain. UN Women’s country representative to Nigeria and ECOWAS, Beatrice Eyong, made this disclosure at the Cassava Value Chain Stakeholders’ Debriefing & […]

90% of Nigeria's tax revenue comes from nine sources – Wale Edun
News

FG scraps revenue collection costs to agencies

The Federal Government has unveiled plans to permanently end the practice of deducting revenue collection costs paid to agencies such as the Federal Inland Revenue Service, the Nigeria Customs Service, and the Nigerian Upstream Petroleum Regulatory Commission, among others. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this on Wednesday in […]

New SEC regulation to enhance transparency in bank recapitalization
Business

Nigeria’s capital market holds over N120b idle investment capital — SEC

The Securities and Exchange Commission has reported that N120.88 billion in registered private equity and infrastructure investment funds remains undeployed in Nigeria’s capital market as of the fourth quarter of 2024. According to the Registered Private Equity and Infrastructure Committed Capital and Draw Down Position report, total committed capital across both sectors stood at N409.06 […]

MTN Nigeria enters cloud market with $100m data centre launch
Business

MTN urges accountants to adopt emerging technologies

As digital technologies transform global business operations, MTN Nigeria has urged accountants and finance professionals to retool, upskill, and adopt emerging technologies to stay relevant in today’s rapidly evolving digital economy. Speaking at the 55th Annual Accountants Conference of the Institute of Chartered Accountants of Nigeria, the company’s Chief Financial Officer, Mr. Modupe Kadri, emphasized […]

Dangote Refinery loses N32.5bn after petrol price cut
Oil and Gas

Dangote refinery, engineers clash over redeployment plan

Some engineers recently dismissed by the Dangote Refinery for allegedly joining the Petroleum and Natural Gas Senior Staff Association of Nigeria have criticised the company’s plan to redeploy them to other subsidiaries, including its sugar and cement plants. Speaking anonymously due to the sensitivity of the issue, the affected workers accused the company of targeting […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Banking

First Bank unveils fully automated digital Xperience centre

First Bank has strengthened its leadership in digital banking with the launch of a new fully automated branch, the FirstBank Digital Xperience Centre, in Garki, Abuja. The new centre represents a significant milestone in the bank’s commitment to redefining banking through technology-driven and customer-focused innovation. Speaking at the inauguration on Wednesday in Abuja, the Managing […]

Business

NNPC, Sahara unveil Nigeria’s first indigenous 2.2m-barrel floating vessel

NNPC Limited, Sahara Group, Eroton E&P, and Bilton Energy Ltd have jointly unveiled Nigeria’s first fully indigenous Floating Storage and Offloading vessel, with a capacity of 2.2 million barrels, aimed at boosting long-term oil and gas production. In a statement on Wednesday, the companies noted that the facility marks Nigeria’s first new crude oil terminal […]

Telecommunications

ONSA dismantles cartels disrupting telecoms infrastructure – NCC

Executive Vice-Chairman of the Nigerian Communications Commission, Aminu Maida, announced that the Office of the National Security Adviser has successfully dismantled cartels responsible for the persistent sabotage of fiber-optic infrastructure across the country. Maida spoke on Wednesday at a business roundtable on improving investment in broadband connectivity and safeguarding critical infrastructure. The event, themed ‘Right […]

Nigerian Investors to raise $94bn climate capital – Report
News

FG trains 19 MDAs on monitoring short-lived climate pollutants

The National Council on Climate Change and the Stakeholder Democracy Network have built the capacity of 19 Ministries, Departments and Agencies on Monitoring, Reporting, and Verification of Short-Lived Climate Pollutants. Director-General of the NCCC, Mrs. Omotenioye Majekodunmi, said the Capacity-Building Workshop on MRV for SLCPs in Key Sectors aimed at enhancing the technical know-how of […]

featured Finance

Electronic payment transactions hit N384trn in July 2025

Nigeria’s journey toward a fully cashless economy continues to gain momentum as electronic payment transactions surged to N384 trillion in July 2025, according to the Central Bank of Nigeria. This marks a significant rise from N280 trillion in August 2024, reflecting deepening public confidence in digital payments and the rapid transformation of the country’s financial […]

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