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Nigeria secures $155m clean energy investments

  • 26th July 2026

NGX sheds 0.19% as Presco, banks drag index

  • 25th July 2026

NPF Microfinance Bank grows profit before tax by

  • 25th July 2026

US imposes new tariffs on UK, Canada, others

  • 24th July 2026

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Etihad Airways to resume flight operations in Nigeria

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Nigeria secures $155m clean energy investments

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DMO cuts Q3 2026 bond issuance target to ₦4.6trn

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Finance

Nigeria’s money supply rises to ₦133.25trn in June

Nigeria’s broad money supply rose to N133.25 trillion in June 2026 from N129.21 trillion in May, even as the Central Bank of Nigeria maintained its benchmark interest rate at 26.5 per cent. The increase was disclosed in the CBN’s latest money and credit statistics released on Wednesday. Broad money, or M3, comprises currency in circulation […]

Business

First HoldCo targets ₦1.2trn profit in 2026

First HoldCo Plc, Nigeria’s most valuable banking group by market capitalisation, says it expects profit before tax to exceed N1.2 trillion ($876 million) for the full year 2026, as its recapitalisation drive and a clean-up of legacy bad loans begin to pay off. The Chief Executive Officer of FirstBank, Olusegun Alebiosu, disclosed the projection in […]

Insurance

NAICOM hails Senate over insurance regulatory commission bill passage

The National Insurance Commission has commended the Senate for the successful passage of the National Insurance Regulatory Commission Bill. In a statement released on Wednesday, NAICOM said the legislation is a major milestone in strengthening the regulatory framework of Nigeria’s insurance industry. The Commission stated: “This landmark legislation is a major milestone in strengthening the […]

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Naira trades at ₦1,371/$ in official FX market, ₦1,410/$ in parallel market

The naira traded within a relatively stable range against the United States dollar on Thursday, July 23, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market. At the official market, the latest available exchange rate indicated that the naira traded at approximately N1,371.36 to one US dollar, based on the prevailing […]

Electricity

Ibom Power loses 11 months output over ₦15.7bn FG debt, gas shortage

Ibom Power Company Limited, one of Nigeria’s first independent state-owned power plants, lost nearly a full year of electricity generation in 2025/2026 after a prolonged gas supply crisis crippled operations at its 191-megawatt power plant, highlighting the deepening liquidity challenges across the country’s power sector. The company disclosed that it received natural gas for just […]

Business

Nigeria leads Africa in regulated online gambling — Report

Nigeria has emerged as one of Africa’s most regulated online gambling markets, even as illegal operators continue to dominate the continent, according to a new report by Gaming Compliance International. The report, the first comprehensive assessment of online gambling across all 54 African countries, showed that Africa’s online gambling Gross Gaming Revenue reached $23 billion […]

News

Scrapped ₦50,000 WAEC, NECO fee would’ve yielded ₦175bn — Report

If the Federal Government had not reversed the proposed N50,000 registration fee per candidate for the Senior Secondary Certificate Examination conducted by the West African Examinations Council and the National Examinations Council the examination bodies would have been able to generate more than N175 billion annually. An analysis by Vanguard of the 2025 figures of […]

featured Oil and Gas

Dangote Refinery resumes naira petrol sales at ₦1,215/litre

Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit, also known as petrol, in naira after a week suspension, ending uncertainty in the downstream sector over its temporary shift to dollar-denominated sales. Vanguard reported that the refinery has fixed its new ex-depot (gantry) price at N1,215 per litre, representing an increase of N140 […]

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NAFDAC begins nationwide crackdown on sachet, small alcoholic drinks

The National Agency for Food and Drug Administration and Control on Wednesday embarked on nationwide enforcement against all alcoholic beverages packaged in sachets and polyethylene terephthalate, PET, bottles below 200 millilitres, marking the full implementation of the federal government’s ban on the products. The sweeping crackdown, which is taking place simultaneously across the six geopolitical […]

Business

Nike cut ties with thousands of Chinese online distributors

Nike announced on Tuesday that it will cut ties with thousands of online distributors in China from January, directing consumers instead to its own digital platforms and official storefronts on Tmall, JD.com and Douyin. The sportswear giant said its current distribution model, which relies on a broad network of physical retail partners and secondary distributors, […]

Tech

France approves sweeping social media ban for under-15s

France has become the first European Union country to ban social media use by children under 15 after lawmakers overwhelmingly approved landmark legislation by 279 votes to 81. Under the new law, children under 15 will be barred from opening new accounts on platforms including TikTok and Snapchat from September, while existing accounts will be […]

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