Business

NGX gains ₦237.8bn as FUGAZ banking stocks lead

  • 8th August 2026

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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

Blog

Opinion

Nigeria’s inflation could fall to 14% by 2026 – Afreximbank

The Group Chief Economist and Managing Director of Afreximbank, Yemi Kale, has suggested that if Nigeria maintains the trajectory of its ongoing reforms, inflation could drop to approximately 14 per cent by the end of 2026. This optimism comes as the National Bureau of Statistics reported that Nigeria’s headline inflation had already eased to 20.12 […]

Maritime

Second LNG-powered containership berths at Lagos port

Gold Star Line has become the latest foreign shipping company to sail a vessel powered by alternative energy into Nigeria’s seaports with the berthing of its first Liquefied Natural Gas-powered containership, the MV Sapphire, at APM Terminals in Apapa, Lagos. The vessel, built in 2024 and sailing under the flag of Singapore, boasts a capacity […]

Agribusiness

Ellah Lakes to expand palm oil operations with ARPN acquisition

Ellah Lakes Plc has entered into an agreement to acquire the shareholding of Agro-Allied Resources & Processing Nigeria Limited from ARPN PTE Limited, Singapore, aligning with its goal to deepen its operational footprint, scale efficiencies, and drive national food security impact. The transaction encompasses the acquisition of 100 per cent of ARPN’s shareholding and is […]

Business featured

Nigeria is exciting to invest in now — Billionaire Bayo Ogunlesi

President Bola Tinubu has secured a powerful endorsement from Nigerian-American billionaire and global infrastructure titan, Adebayo Ogunlesi, a development that could mark a major turning point for Nigeria’s investment story. Ogunlesi, who is renowned for overseeing the acquisition and management of landmark assets including London’s Gatwick and City airports, is the founder and chairman of […]

Opinion

Oshiomhole faults PENGASSAN over nationwide strike, Dangote dispute

Former Nigeria Labour Congress president and current Senator, Adams Oshiomhole, has strongly criticized the Petroleum and Natural Gas Senior Staff Association of Nigeria for escalating its disagreement with the Dangote Refinery into a nationwide shutdown of oil facilities, labeling the action as hasty and unfair to other workers. Speaking in an interview with Arise Television […]

US senators demand Meta probe over chatbot child safety concerns
Tech

Meta, NDPC explore out-of-court settlement over $32.8m fine

Meta Platforms Inc., parent company of Facebook and Instagram, has opened talks for an out-of-court settlement with the Nigeria Data Protection Commission. This follows the company’s lawsuit challenging a $32.8 million fine and compliance orders issued against it over alleged privacy breaches involving Nigerian users. Both parties’ legal teams informed Justice James Omotosho of the […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC fines Stanbic IBTC N50.1m over GTCO share offer breach

The Securities and Exchange Commission has fined Stanbic IBTC Capital Limited N50.145 million for regulatory breaches related to Guaranty Trust Holding Company Plc’s public share offer. Stanbic IBTC disclosed in its half-year 2025 financial results that the penalty arose from its role as Lead Issuing House for the GTCO offer. Earlier reports from another media […]

OpenAI unveils GPT-5 amid rising industry investment
Tech

OpenAI’s Sora claims top spot on Apple’s app store

OpenAI now holds two of the top three spots on Apple’s App Store, with its newly launched video generation app, Sora, debuting at number one. Released on Tuesday, Sora lets users create short AI-generated videos, remix others’ clips, and share them on a community feed. Currently, the app is limited to iOS devices and requires […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

Nigerians better off now than 1960 – Tinubu’s aide

The Special Adviser to President Bola Tinubu on Economic Affairs, Tope Fasua, claims that Nigerians are better off today than they were at independence in 1960, despite the present economic hardships. Speaking on Channels Television on Friday, Fasua argued that comparing the country’s current realities with the early post-independence years is misleading. He explained that […]

Ten things to know about Adebayo Ogunlesi
Business

Adebayo Ogunlesi eyes investments in Nigeria’s ports, aviation

Nigerian-born billionaire Adebayo Ogunlesi, founder of Global Infrastructure Partners and a Goldman Sachs board member, has signaled potential investments in Nigeria’s ports and aviation sectors. Speaking after a meeting with President Bola Tinubu in Abuja, the 71-year-old, revealed that GIP, which manages over $100 billion in global assets, is exploring fresh investment opportunities in the […]

Business

Tinubu to unveil $400m Otakikpo oil export terminal

President Bola Tinubu will inaugurate the $400 million Otakikpo Onshore Crude Oil Export Terminal in Rivers State on October 8, marking Nigeria’s first new crude export facility in more than five decades. Developed by Green Energy International Limited (GEIL), operators of the Otakikpo field in OML 11, Ikuru Town, Andoni Local Government Area, the terminal […]

Uncategorized

Nigeria emerges as key crude supplier to Senegal’s refinery

Nigeria has become a key crude supplier to Senegal’s 30,000-barrels-per-day Dakar Refinery, even as Senegal marked its debut as an oil-producing nation last year. Senegal began output in mid-2024 from the Sangomar field, producing about 100,000 barrels per day of medium sour crude (31° API, 1.0% sulphur), according to industry tracker Kpler. But nearly all […]

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