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NGX gains ₦237.8bn as FUGAZ banking stocks lead

  • 8th August 2026

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Spain to impose border controls on Italian passengers

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Burger King regains second spot in US burger

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Nigeria risks losing $1.4bn US aid over Christians persecution

Finance

NGX urges Tinubu to support fintech’s domestic listing

Policy and Regulations

NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday

Business

FG unveils unified regulatory framework for crypto industry

Policy and Regulations

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Business

Sahara Group targets 350,000 barrels oil production in five years

Sahara Group, one of Africa’s leading energy and infrastructure conglomerates, has announced ambitious plans to ramp up its upstream crude oil production to 350,000 barrels per day within the next five years. This projected growth will be fueled by a major upgrade of its exploration and production services, enhanced execution capacity, and the acquisition of […]

Policy and Regulations

CBN reforms create opportunities for MSMEs to thrive – ACCI

The Abuja Chamber of Commerce and Industry has stated that the Central Bank of Nigeria has created opportunities for micro, small and medium enterprises to thrive in a competitive environment by providing access to credit facilities, intervention funds, forex management, and financial inclusion strategies. The Director General of the ACCI, Agabaidu Jideani, made this statement […]

Price of of cooking gas rose by 13.75% in May 2024
featured Oil and Gas

Cooking gas price hits ₦25,000 after PENGASSAN strike

The price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas, commonly known as cooking gas, has drastically increased this week to ₦25,000 from ₦17,500 the previous week. Vanguard reported that the price of 1kg currently retails at between ₦1,500 and ₦2,000, depending on the location. The Executive Secretary of the Nigerian Association of Liquefied […]

Aviation

EU set to introduce fingerprint, facial scans at borders

The European Union will introduce mandatory fingerprint and facial scans for non-EU travelers as part of its new Entry and Exit System, beginning October 12, 2025. According to a statement, the rollout will start gradually at airports and land crossings before becoming fully operational on April 10, 2026, the European Commission said. The EES is […]

Business

Africa must move beyond raw mineral exports, says minister

The Minister of Solid Minerals Development and Chairman of the African Minerals Strategy Group, Dr. Dele Alake, has urged a bold new vision to reposition Africa from a mere exporter of raw minerals into a global hub for mineral processing, innovation, and green industrialisation. Speaking at the African Mining Week in Cape Town, South Africa, […]

Economy featured

MAN urges CBN to cut lending rates below 5%

The Manufacturers Association of Nigeria has continued to bemoan the high interest rates in the country, noting that the situation has placed the nation’s manufacturing sector at a competitive disadvantage against other countries of the world. The Director General of MAN, Segun Ajayi-Kadir, expressed optimism that the recent 50 basis points reduction in the Monetary […]

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

Petrol still ₦865/L despite Dangote’s free delivery

Despite receiving petrol from the Dangote Refinery at ₦820 per litre without incurring logistics costs, its marketing partners have yet to reduce pump prices at their filling stations. Findings on Sunday showed that major partners such as Heyden, AP, MRS, and others continued to sell petrol at ₦865 per litre, according to The Punch. The […]

Business

NUPRC reports 762% surge in rig count, new investments

Nigeria’s upstream petroleum regulator has announced major progress in the oil and gas sector, reporting a 762 per cent increase in rig count, billions of dollars in new investments, and sweeping reforms just four years after its creation. In a statement on Sunday, the Nigerian Upstream Petroleum Regulatory Commission, through its Head of Media and […]

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

Naira rises to ₦1,465 against dollar amid stronger FX inflow

The naira extended its rally last week, closing at ₦1,465/$ on the official market, driven by a weaker U.S. dollar—following soft U.S. economic data and a government shutdown—and stronger foreign exchange inflows that reduced demand pressure. Similarly, in the parallel market, the currency appreciated by 3.8% week-on-week to ₦1,460/$, narrowing the gap between the two […]

Imo state approves N592bn 2024 budget
featured News

Imo begins payment of ₦104,000 new minimum wage

The Imo State Government has commenced payment of the new ₦104,000 minimum wage to workers, thereby fulfilling its earlier promise to review salaries upward. The PUNCH reported that state employees received bank alerts reflecting the new wage structure, which has sparked excitement and gratitude towards Governor Hope Uzodimma for the timely implementation. The new wage […]

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