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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

Business

ITF partners CIPMN to certify artisans

The Industrial Training Fund has commenced the nationwide rollout of the SUPA Project Management Examination, a certification exercise aimed at upgrading project delivery skills among artisans, craftsmen, and organisations. The examination is a key component of the second phase of ITF’s flagship Skill-Up Artisans programme, which is being conducted in partnership with the Chartered Institute […]

Providus Bank vows to encourage non-oil export
Banking

Providus Bank becomes ninth-largest bank in Nigeria

Providus Bank Limited has entered Nigeria’s top tier of lenders, becoming the ninth-largest bank by assets following its business combination with Unity Bank. The merger gained momentum on Friday after a court-mandated Extraordinary General Meeting, where shareholders and boards of both Providus Bank and Unity Bank overwhelmingly approved the business combination. According to financial statements […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote Refinery halts petrol sales in naira effective September 28

Dangote Petroleum Refinery has halted petrol sales in naira. In a notice to customers on Friday, the refinery said the suspension would take effect from September 28, citing the exhaustion of its crude-for-naira allocation. The notice, issued by the refinery’s group commercial operations, was titled “Suspension of DPRP PMS Naira Sales – Effective 28th September […]

Economy

FG reiterates commitment to MSMEs as economic backbone

The federal government has reiterated its commitment to repositioning Nigeria’s micro, small, and medium enterprises as the bedrock of economic transformation. Vice President Kashim Shettima disclosed this at the 6th Annual Lecture of the Development Bank of Nigeria held in Abuja on Thursday. The vice president, who was represented by the Special Adviser to the […]

Nigeria excluded as Trump hosts African leaders in Washington
Travel

US lifts visa restrictions on Ghana

The United States has lifted visa restrictions on Ghana following the West African nation’s cooperation in accepting deported migrants. Ghana had been among several African countries, including Nigeria, targeted with visa curbs under former President Donald Trump. At the time, Washington said the restrictions were tied to concerns over visa reciprocity. Reports indicated that Nigeria’s […]

Anthropic counters OpenAI with $1 AI offer to government branches
Tech

Anthropic to triple global workforce, expand AI team fivefold

Anthropic plans to triple its international workforce and grow its applied Artificial Intelligence team fivefold in 2025, stepping up its challenge to OpenAI, Microsoft and Google. The expansion is fueled by rising global demand, with nearly 80 per cent of usage for its Claude AI platform now coming from outside the United States Markets such […]

Ecobank raises $125m in oversubscribed Eurobond issuance
Banking

Ecobank completes exit from Mozambique with sale to FDH Bank

Ecobank Transnational Incorporated, the parent company of Ecobank Group, has finalized its exit from Mozambique with the sale of its entire shareholding in Ecobank Mozambique S.A. (EMZ) to FDH Bank Plc. The deal, which secured all required regulatory approvals, completes a divestment plan initially announced on August 5, 2025. This was disclosed in a statement […]

Custom to free detained vehicles, amid FX crisis
Business

Customs exempt raw materials, machinery from 4% levy

The Nigeria Customs Service has granted relief to manufacturers and key sectors of the economy by exempting raw materials, spare parts, and select machinery from the four per cent Free on Board levy. This was disclosed in a communiqué jointly signed on Friday by the Comptroller-General of Customs, Adewale Adeniyi, and the President of the […]

Business featured

Dangote Refinery denies sacking all Nigerian workers

The management of Dangote Petroleum Refinery has denied reports that it sacked all Nigerian workers at its $20bn facility, insisting that over 3,000 employees remain in active service. In a statement on Friday, the company said the recent exercise was only a “reorganisation” to address cases of sabotage discovered within different units of the refinery. […]

Insurance

PenCom okays gold receipts for pension funds investment

The National Pension Commission has unveiled a revised regulation that allows pension funds to gain exposure to gold through tradable Gold Receipts listed on Securities and Exchange Commission-recognized exchanges. This innovation enables pension fund administrators to invest in gold without the complexities of physical storage, offering a secure and liquid alternative asset class. According to […]

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