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Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

NGX listed firms earned ₦179.5bn finance income in

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Nigeria’s monthly data consumption hits record 1.5mTB in

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NITDA urges regulatory collaboration to support emerging technologies

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Dangote Refinery alone not enough for Africa, says FG

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South Africa’s unemployment rate hits four-year high of 33.6%

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BRICS pushes back Trump’s tariffs, condemns strikes on Iran 

Leaders of the BRICS bloc have issued a strong rebuke to U.S. President Donald Trump over his trade policies and military actions, warning that such moves threaten global economic stability and peace. Meeting in Rio de Janeiro on Sunday, the expanded BRICS group — comprising Brazil, Russia, India, China, South Africa, and six other countries […]

FG bags $2.2bn Sun Africa deal to develop power sector
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FG commissions mini-grid centre to tackle substandard solar products

The Federal Government has commissioned a $150,000 Mini-grid Simulation and Standardisation Centre to combat the spread of substandard solar products and stimulate local manufacturing in Nigeria’s renewable energy sector. The high-tech facility, situated at the Rural Electrification Agency’s headquarters in Abuja, was donated by Chinese tech company Huawei under a bilateral partnership formed during President […]

NIPOST reports 275% revenue growth in 2024
Business

NIPOST vows crackdown on drug-trafficking courier firms

The Nigerian Postal Service has vowed to crack down on courier companies found aiding the trafficking of drugs and other illegal items through the country’s logistics system. In a statement on Sunday, NIPOST’s Director of Corporate Communications, Franklin Alao, denounced a recent report titled, “Nigerian courier services easily transporting hard drugs since Tinubu became president […]

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Lagos, Afreximbank, partner to boost SMEs’ export capacity

The Lagos State Government, through its Ministry of Commerce, Cooperatives, Trade, and Investment, has partnered with the African Export-Import Bank and non-profit organisation ImpactHer to launch the Lagos SMEs Export Readiness Programme. The initiative, announced in a statement on Sunday, is designed to equip Small and Medium Enterprises with the skills and support needed to […]

Banking

Nigeria’s debt servicing hits 4.1% of GDP in 2024 — AfDB

Nigeria’s debt servicing burden climbed to 4.1% of its Gross Domestic Product in 2024, up from 3.7% the previous year, according to the African Development Bank’s latest Country Focus Report. The increase signals mounting financial pressure driven by higher borrowing costs amid tightening global markets and elevated domestic interest rates. The AfDB report highlights that […]

Business

China hits EU with new medical device purchase ban

China’s finance ministry on Sunday announced new restrictions on government purchases of medical devices from the European Union worth over 45 million yuan ($6.3 million), in retaliation for recent EU trade actions. The decision follows growing trade friction, including EU tariffs on Chinese electric vehicles and China’s countermeasures targeting imported European brandy. Last month, the […]

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Tinubu pledges bold reforms to boost agricultural, livestock export capabilities

Nigerian President Bola Tinubu announced plans to eliminate barriers stifling the country’s agricultural sector, including livestock production, to achieve food sovereignty and enhance export capabilities. The commitment was made during a bilateral meeting with Brazilian President Luiz Inácio Lula da Silva on the sidelines of the BRICS Summit in Rio de Janeiro on July 5, […]

Musk's DOGE team allegedly spying on US govt workers
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Elon Musk launches party to challenge US political establishment

Elon Musk, tech billionaire and former ally of U.S. President Donald Trump, has unveiled a new political movement—the America Party—aimed at breaking what he calls the United States’ “one-party system.” The announcement, made on Saturday via X (formerly Twitter), comes amid a growing rift between Musk and Trump. Musk, who was the largest individual donor […]

Oil and Gas

Eight OPEC+ nations to raise output by 548,000 barrels daily

Eight OPEC+ oil producers agreed on Saturday to boost their combined crude output by 548,000 barrels per day, moving forward with the gradual rollback of voluntary supply cuts. The group—made up of Russia, Saudi Arabia, Algeria, Iraq, Kazakhstan, Kuwait, Oman, and the United Arab Emirates—met virtually earlier in the day. The hike exceeded initial expectations […]

TikTok deal talks with China to begin next week - Trump
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TikTok deal talks with China to begin next week – Trump

United States President Donald Trump said on Friday that discussions with China over a potential deal involving the popular short-video app TikTok will begin early next week. Speaking to reporters aboard Air Force One, Trump said the United States “pretty much” has a deal in place regarding the sale of TikTok’s U.S. operations, and expects […]

BRICS leaders meet amid Middle East, US trade tensions
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BRICS leaders meet amid Middle East, US trade tensions

Leaders of the BRICS bloc will gather in Rio de Janeiro from Sunday, aiming to present a unified front against U.S. trade protectionism. However, internal rifts—especially over the crisis in the Middle East—threaten to overshadow the summit. BRICS, which now includes 11 nations and accounts for nearly half of the world’s population and 40% of […]

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