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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

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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

News

Tinubu withholds assent to two bills by NASS

President Bola Ahmed Tinubu has withheld assent to two bills recently passed by the National Assembly, citing provisions that he described as inconsistent with federal policy, financially risky, and potentially harmful to good governance. Godswill Akpabio, the Senate President, read the President’s letters to lawmakers on Tuesday at the resumption of plenary. The first bill […]

News

No state borrowing to pay salaries anymore – Akpabio

The Senate President, Godswill Akpabio, has commended President Bola Tinubu’s economic management, declaring that no state government in Nigeria is currently borrowing to pay workers’ salaries, a development he credited to the administration’s fiscal discipline and economic reforms. Akpabio remarked on Tuesday in his welcome-back speech while addressing lawmakers during the resumption of plenary after […]

Scams

Emefiele trial stalls over disagreement on forensic phone test

The forensic examination of a mobile phone central to the $4.5 billion alleged fraud trial of former Central Bank of Nigeria Governor, Godwin Emefiele, has stalled following a sharp disagreement between the Economic and Financial Crimes Commission and the defence team over how to carry out the court-ordered test. BusinessDay reported that at the resumed […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
Oil and Gas

PENGASSAN: Prominent Nigerians propose solutions to avert refinery disputes

A coalition of prominent Nigerians has outlined a series of long-term solutions to avert future industrial disputes in Nigeria’s refining sector, following the recent labour dispute at the Dangote Refinery. In a joint statement signed by respected leaders, including Bishop Matthew Kukah, Khalifa Muhammad Sanusi II, Atedo Peterside, Arunma Oteh, and Aisha Yesufu, the group […]

Helth

67% of Nigerian children live in multidimensional poverty — UNICEF

The United Nations Children’s Fund reported on Tuesday that sixty-seven percent of Nigerian children live in multidimensional poverty, deprived of basic education, health, and other fundamental rights. Kitty van der Heijden, the agency’s deputy executive director, disclosed this at a breakout session on “Safeguarding Nigeria’s Future: Prioritising Child Well-being” at the ongoing Nigerian Economic Summit […]

Food

FG to introduce guaranteed minimum price for farm produce

The Federal Government said it would soon introduce a Guaranteed Minimum Price for agricultural produce for farmers and undertake large-scale off-take of farm harvests. Minister of Agriculture and Food Security, Abubakar Kyari, announced this on Tuesday at a breakout session on “Catalysing Agricultural Transformation: Capital, Innovation and Growth” at the ongoing Nigeria Economic Summit. The […]

featured News

Tinubu accepts minister Nnaji’s resignation amid forgery allegations

President Bola Ahmed Tinubu has accepted the resignation of Geoffrey Uche Nnaji, Minister of Innovation, Science, and Technology, following allegations leveled against him. Nnaji, who was appointed in August 2023, announced his resignation in a letter to the President on Tuesday, expressing gratitude for the opportunity to serve the nation. In the letter, Nnaji noted […]

POS transactions reduce by N226bn as currency circulation increases
Policy and Regulations

CBN caps POS agent daily transaction limit at ₦1.2m

The Central Bank of Nigeria has introduced new operational guidelines for agent banking, setting a ₦1.2 million daily transaction cap per Point-of-Sale agent and a ₦100,000 daily limit for individual customers. The revised framework, signed by the Director of Payments System Management, Musa Jimoh, was released on Monday to enhance oversight, strengthen financial stability, and […]

News

Pay taxes to sustain Abuja infrastructure, Wike tells residents

The Minister of the Federal Capital Territory, Barr. Nyesom Wike, has urged residents and business owners in Abuja to pay their taxes promptly, noting that steady tax payments are key to sustaining the ongoing infrastructure projects across the city and its surrounding areas. Wike made this appeal on Monday during the flag-off of new road […]

Economy featured

Nigeria’s economy expands to $372.8trn, revenue hits N27.8trn

The Federal Government has announced that Nigeria’s economy expanded to $372.8 trillion in 2024, up from $309.5 trillion in 2023, reflecting stronger fiscal performance and policy impact. Total revenue collection also climbed from N19.9 trillion in 2023 to N25.2 trillion in 2024. Declaring open the 31st Nigerian Economic Summit in Abuja on Monday, Vice President […]

Banking

CBN slams N5m fine on agent banking offences

The Central Bank of Nigeria has announced that any agent found engaging in non-permissible activities under its newly revised Agent Banking Guidelines will face a minimum penalty of N5 million for the offense and N100,000 for each day the default continues, in addition to forfeiting any profit made from such activities. According to the revised […]

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