Business

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

  • 8th August 2026

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

Blog

US court jails Nigerian hacker for $2.5m identity theft
Scams

UK-based Nigerian faves 20-year jail over $2m fraud

A 34-year-old Nigerian man, Olamide Shanu, has been extradited from the United Kingdom to the United States to face trial for his alleged involvement in a multi-million-dollar sextortion and wire fraud scheme. Shanu was arraigned before a US Magistrate Court on Wednesday, where he faced an eight-count charge bordering on wire fraud conspiracy, aggravated identity […]

Tech

Ericsson, Nokia win £2b 5G contract from VodafoneThree

VodafoneThree has signed a £2 billion (US$2.7 billion) contract with Swedish telecom equipment maker Ericsson and Finland’s Nokia to supply 5G infrastructure over the next decade, the companies announced Monday. Ericsson, the lead vendor, confirmed its share of the deal is worth 12.5 billion Swedish crowns (US$1.3 billion). Nokia did not disclose financial details but […]

Business

Nigerian-made goods’ exports surge by 46.76% in H1 2025

The value of manufactured goods exported from Nigeria in the first half of 2025 surged by 46.76 per cent to N1.1 trillion from N749.5 billion in the corresponding period of the previous year. According to the National Bureau of Statistics, the significant jump in manufactured goods exports coincides with the Naira depreciation occasioned by the […]

News

FAAC flags $42.37b unreconciled revenues from NNPC

The Federation Accounts Allocation Committee has flagged renewed concerns over massive unreconciled revenues, revealing that more than $42.37 billion allegedly owed by the Nigerian National Petroleum Company Limited to the Federation Account remains unsettled. Meanwhile, the Office of the Accountant-General of the Federation has been asked to account for over N2.03 trillion in outstanding payables […]

News

NiMet predicts three-day rainy, thundery weather nationwide

The Nigerian Meteorological Agency has predicted rainy and thundery weather conditions from Monday to Wednesday across the country. According to NiMet’s weather outlook, isolated thunderstorms are expected on Monday, with light rains over parts of Adamawa and Taraba during the morning hours in the northern region. For the central region, a cloudy atmosphere with sunshine […]

Conferences

CIS to host 2025 annual stockbrokers’ conference in Abuja

The Chartered Institute of Stockbrokers is set to host its flagship event, the 2025 annual stockbrokers’ conference, in Abuja, with a focus on digital innovation and global competitiveness in Nigeria’s capital market. The conference, themed “Capital Markets in a Digital, Ethical, and Sustainable Era: Charting Pathways for Economic Transformation,” will bring together top government officials, […]

C'River's 20km Road to boost economic growth - Lafarge
Business

Lafarge Africa launches state-of-the-art ‘ReadyMix’ facility in Lagos

Lafarge Africa Plc has officially commissioned the Freedom Plant, a state-of-the-art ReadyMix facility located in Lekki, Lagos. The facility is equipped with a fully automated batching system that enables seamless remote data transfer and modification, with the capability to manage and operate the plant from any location worldwide via secure internet access. In alignment with […]

Nigerian Institute of Surveyors
Business

Nigeria’s national mapping project progressing – Surveyor General

The Surveyor General of the Federation, Abuduganiyu Adebomehin, stated that the Federal Government’s plan to map Nigeria is progressing as scheduled. He warned that any legal threats against the transfer of the Office of the Surveyor General of the Federation to the Presidency, along with the powers vested in it—would essentially be a challenge to […]

Business

PenCom bans substantial cross-shareholding among PFOs

The National Pension Commission has issued new guidelines prohibiting substantial cross-shareholding among licensed Pension Fund Operators. Released on Friday and effective immediately, the guidelines aim to enhance transparency, strengthen governance, and safeguard pension assets. PenCom defines significant cross-shareholding as a scenario in which a major shareholder in one LPFO: a) acquires or seeks to acquire […]

Business featured

China-Nigeria bilateral trade hits $15.48bn in seven months

Bilateral trade between China and Nigeria reached $15.48 billion between January and July, representing a 34.7 per cent increase compared to the same period in 2024. Consul-General of the People’s Republic of China in Lagos, Ms. Yan Yuqing, disclosed this on Sunday at a reception marking three historic occasions: the 76th anniversary of the founding […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
Business

FG revokes 1,263 mineral licences, opens sector to new investors

The Federal Government has revoked 1,263 mineral licences, which will be removed from the Electronic Mining Cadastral System portal managed by the Nigerian Mining Cadastral Office. The licences include 584 exploration licences, 65 mining leases, 144 quarry licences, and 470 small-scale mining leases. According to the Special Assistant on Media to the Minister of Solid […]

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