Business

NGX gains ₦237.8bn as FUGAZ banking stocks lead

  • 8th August 2026

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Some Populer Post

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

Banking featured

AMCON sells 34% stake in Unity Bank to Providus

The Asset Management Corporation of Nigeria has sold its 34 per cent equity stake in Unity Bank Plc to Providus Bank, marking a significant milestone in a long-awaited merger between the two financial institutions. The transaction was completed via a crossed deal involving 4 billion Unity Bank shares at N1.66 per share, amounting to over […]

Facebook to delete live videos after 30 days, introduces download options
Scams

Singapore gives Meta deadline to tackle Facebook scammers

The Singapore government has given Meta, the parent company of Facebook, until September 30 to clamp down on scammers pretending to be government officials on its platform. The Ministry of Home Affairs said the police issued a directive to Meta “to put in place measures to target scam advertisements, accounts, profiles, and/or business pages impersonating […]

Oil and Gas

Nigeria’s crude oil losses drop to 16-year low — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has announced a significant reduction in crude oil losses, dropping to 9,600 barrels per day as of September 11, 2025. This marks the lowest level of crude oil losses since 2009, representing a 90% reduction from the 102,900 barrels lost in 2021. The commission’s statement was in response to […]

Conferences

FULL TEXT: National statement of Tinubu at UN assembly

Vice President Kashim Shettima, on behalf of President Bola Tinubu, on Wednesday delivered Nigeria’s national statement at the ongoing 80th Session of the United Nations General Assembly. Among other agendas, Tinubu demanded that UN include Nigeria as a permanent member. He urged for countries hosting strategic minerals to fairly benefit from them through investment, local […]

BUA Cement boss' networth hits $7bn
Business

Naira to drop below ₦1,400/$ by year-end – BUA chairman

BUA Group President, Abdul Samad Rabiu, has forecast that the naira will appreciate to between ₦1,300 and ₦1,400 per dollar before the year ends. Speaking with journalists after a meeting with President Bola Tinubu at the Presidential Villa on Wednesday, Rabiu praised the administration’s “bold and decisive” economic reforms, noting that they are already delivering […]

Opinion

Nigeria’s GDP growth to drop as oil prices fluctuate – Rewane

Nigeria’s economy is expected to expand at a slower pace in the third quarter of 2025, with GDP growth projected to dip to 3.9 per cent from 4.23 per cent recorded in Q2. According to managing director/CEO of Financial Derivatives Company, Bismarck Rewane, this moderation reflects the lagged impact of easing monetary policy, volatile oil […]

China’s rare earth magnet exports hit six-month high in July
News

China pledges 10% emission cut by 2035

China has unveiled new climate commitments, pledging to cut its greenhouse gas emissions by seven to10 per cent from peak levels by 2035. President Xi Jinping announced that Beijing would boost wind and solar power generation to six times its 2020 levels within the next decade, increasing the share of non-fossil fuels in China’s energy […]

Technology

Tizeti unveils AI-powered customer experience overhaul in W’Africa

West Africa’s pioneering solar-powered internet provider, Tizeti Network Limited, has launched its New & Awesome Deal, an Artificial Intelligence-powered overhaul of its customer experience designed to simplify issue resolution, streamline onboarding, and make payments frictionless for millions of users. The rollout begins October 1 for its fiber customers, October 15 for wireless wifi users, and […]

Appointments

Ahonsi Unuigbe appointed chairman of Marconi.NG EPC

Marconi.NG EPC Limited, formerly the Eni/Saipem EPC division, has appointed Ahonsi Unuigbe, the founder/CEO of Petralon Energy, as the chairman of its board of Directors. Ahonsi, who is also the chairman of the Nigerian Stock Exchange Limited and a board member of Africa Oil Corp, will bring his extensive experience in the oil and gas […]

Custom to free detained vehicles, amid FX crisis
Business

Customs launches automated e-clearance system to decongest ports

The Nigeria Customs Service has introduced an automated overtime e-clearance system to ease congestion at the nation’s ports and boost trade facilitation. Announcing the initiative on its official X handle on Wednesday, the Service said the digital platform will streamline the clearance of long-standing overtime cargo, minimize delays, reduce manual intervention, and curb corruption. “As […]

China denies link to cyberespionage group accused of targeting Singapore
Investment

China to build Africa’s first insulin plant in Nigeria

The Chinese Ambassador to Nigeria, Yu Dunhai, has announced plans to build Africa’s first local insulin production facility in Nigeria. This project aims to transform blood glucose level management, prevent diabetes-related complications, and end the country’s reliance on imported insulin. Speaking at a reception marking the 76th anniversary of the founding of the People’s Republic […]

featured Scams

FBI places $10,000 bounty on wanted Nigerian fraudster

The Federal Bureau of Investigation has announced a reward of up to $10,000 (about N14m) for information leading to the arrest and conviction of Nigerian national, Olumide Adebiyi Adediran, who has been on the run for over two decades. Adediran absconded from the Central District of Illinois in late December 2001, just before his federal […]

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