Business

Crude oil prices rise as Iran rules out

  • 17th August 2026

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

FG resets profit-sharing terms to attract new deep

  • 17th August 2026

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Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

News

EU gives Nigeria €1.5m to fight cholera outbreak

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Ecobank retains retirement age, removes director tenure limit

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Banking

CBN targets ₦600bn in treasury bills auction today

The Central Bank of Nigeria is targeting to raise N600 billion through a Nigerian Treasury Bills auction scheduled for today, Wednesday, July 15, 2026, in what will be the latest primary market issuance under the apex bank’s Q3 2026 borrowing calendar. Nairametrics reported that the planned auction was disclosed in an official tender notice issued […]

Tech

Nigeria, Benin deploy geospatial tech to boost border security

The Nigeria Customs Service and its counterpart in the Republic of Benin have strengthened their partnership on the deployment of geospatial technology to enhance economic security, improve border surveillance, and facilitate legitimate trade along their shared border corridor. Vanguard reported that the collaboration was highlighted during a meeting held at the ECOWAS Conference Hall, Seme-Krake […]

Investment

Stanbic IBTC, Abia govt partner to boost MSME growth

Stanbic IBTC Bank has affirmed its commitment to accelerating the growth of Micro, Small and Medium Enterprises across Nigeria through strategic partnerships with state governments and institutions committed to creating enabling environments for businesses to thrive. The bank made this commitment during its Nigeria Business Summit Regional Tour held in Aba, in partnership with the […]

Policy and Regulations

US expands sanctions on Iran’s oil shipping network

The United States on Tuesday expanded its sanctions targeting Iran’s oil sector, taking further aim at the network of petroleum shipping magnate Mohammad Hossein Shamkhani, the Treasury Department said. Treasury Secretary Scott Bessent said the department had also frozen $130 million held in digital wallets linked to Iran’s central bank, hitting a sector that has […]

Finance

Naira strengthens to ₦1,412/$ in parallel FX market

The naira recorded mixed performance against the United States dollar across the official Nigerian Foreign Exchange Market and the parallel market on Wednesday, July 15, 2026, as traders continued to monitor foreign exchange liquidity and demand. At the official market, the naira traded at an indicative exchange rate of approximately N1,382 per US dollar, according […]

featured Oil and Gas

Nigeria loses 3,100GWh to gas flaring in May — Report

There are indications that the Federal Government’s ambition to transform Nigeria into a gas-driven economy by 2030 is facing significant challenges, as the country lost an estimated 3,100 gigawatt-hours of electricity generation potential to persistent gas flaring by oil companies in May 2026. This came as figures released by the Nigerian Upstream Petroleum Regulatory Commission […]

featured News

NiMet predicts thunderstorms, flooding in parts of Nigeria

The Nigerian Meteorological Agency has predicted cloudy and thundery weather activities from Wednesday to Friday across the country. NiMet’s weather outlook released in Abuja envisaged patches of clouds over the northern region on Wednesday, with prospects of morning thunderstorms accompanied by light rains over parts of Taraba and Kebbi States during the morning hours. NiMet […]

featured Investment

Nigeria, three African nations forge new cocoa value alliance

The Federal Government, cocoa-producing states and three other African countries have agreed to deepen cooperation to boost cocoa processing, improve farmers’ earnings and retain more value from the global chocolate industry within Africa. Vanguard reported that speaking at the Cocoa Value Addition Summit in Abuja on Tuesday, the Minister of State for Industry, Trade and […]

Tech

Users allege OpenAI’s GPT-5.6 Sol deleted files without permission

Users of OpenAI’s latest coding and cybersecurity-focused flagship model, GPT-5.6 Sol, have shared alarming accounts on social media, alleging that the model deleted files, data and even entire databases without seeking their permission. “GPT-5.6-Sol just accidentally deleted almost ALL of my Mac’s files,” wrote Matt Shumer, the founder and CEO of AI startup OthersideAI, maker […]

Energy

Oil prices climb as US strikes Iran, tightens Hormuz blockade

Oil prices edged higher in volatile trading on Wednesday after the United States launched another round of strikes on Iran and reinstated its naval blockade of Iranian ports near the Strait of Hormuz. U.S. West Texas Intermediate crude for August delivery gained 0.64 per cent to $79.85 per barrel, while September Brent crude futures, the […]

Business

Reps probe CBN, NNPC over alleged unpaid revenues to FG

The House of Representatives Public Accounts Committee on Tuesday intensified its investigation into revenue remittances by federal agencies, directing the Office of the Accountant-General of the Federation to provide a comprehensive breakdown of outstanding operating surplus and other revenues allegedly owed to the Federal Government by the Central Bank of Nigeria, the Nigerian National Petroleum […]

Aviation

FG reaffirms commitment to transform aviation sector

The Federal Government has reaffirmed its commitment to transforming Nigeria’s aviation sector by improving safety, expanding infrastructure, enhancing passenger experience, creating jobs, and strengthening stakeholder engagement. The commitment was reiterated during the Second Quarter 2026 Hybrid Stakeholders/Citizen Engagement on Presidential Priorities and Ministerial Deliverables in the Aviation Sector, held at the Nigeria Civil Aviation Authority […]

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