Business

AMCON recovers N165bn from bank debtors in H1

  • 27th July 2026

Over 90% of informal workers abandon personal pension

  • 27th July 2026

Oando plans power generation from abandoned oil wells

  • 27th July 2026

Senate replaces outdated insurance law with new regulatory

  • 27th July 2026

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AMCON recovers N165bn from bank debtors in H1 2026

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Over 90% of informal workers abandon personal pension plan

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Nigerian stocks sustain bullish run on blue-chip demand, Dangote

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IMF tasks central banks on stronger AI governance rules

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Business

Brent drops below $84 as Hormuz reopening plan calms markets

Oil prices fell to their lowest level since March on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister announced an initial agreement aimed at ending the conflict and restoring shipping through the Strait of Hormuz. Brent crude futures dropped $4.08, or 4.7 per cent, to $83.25 per barrel by 0415 GMT, while […]

Business

IMF urges Nigeria to tax telecom services, extend vAT to fuel

The International Monetary Fund has urged Nigeria to introduce excise duties on telecommunications services and expand Value Added Tax coverage to fuel products as part of efforts to boost government revenue and strengthen public finances. The recommendation was contained in the IMF’s latest Article IV Consultation Report on Nigeria, which highlighted the need for additional […]

Electricity

Atiku slams Tinubu’s ₦4trn power sector bond plan

Former Vice President Atiku Abubakar has criticised the Federal Government’s plan to raise a N4 trillion bond to settle outstanding liabilities in the power sector, describing the move as a sign of “fiscal recklessness and brazen contempt for public accountability.” In a statement issued on Sunday through his Senior Special Assistant on Public Communication, Phrank […]

Food

Insecurity, transport costs push Lagos ginger price to ₦46,000 — Report

Traders in Lagos have blamed insecurity in major producing communities, supply shortages, and rising transportation costs for the sharp increase in ginger prices, with a paint bucket now selling for as high as N46,000. The News Agency of Nigeria on Sunday, conducted interviews with market participants across Lagos, showing that reduced output from key producing […]

News

NIMC defends national identity database, says it’s functional

The National Identity Management Commission has dismissed claims suggesting that Nigeria does not have a functional National Identity Database, describing the assertion as misleading and contrary to the realities on the ground. In a statement signed by the Head of Corporate Communications Unit, Kayode Adegoke, the Commission said the National Identity Database is fully operational, […]

Business

CSCS profit before tax jumps 115.7% to ₦6.49bn

The Central Securities Clearing System Plc has reported a 115.7 per cent increase in profit before tax to N6.49 billion for the first quarter ended March 31, 2026, as the company’s sweeping fee structure overhaul delivered a sharp rise in revenue and operating profitability. Nairametrics reported that this is according to the abridged unaudited results […]

Tech

AI cuts London finance analyst hiring role

Artificial intelligence is accelerating changes across London’s white-collar labor market, with finance analyst positions among the hardest hit as employers increasingly automate tasks once handled by junior professionals. According to recruitment platform Adzuna, searches for “finance analyst” currently return about 80 vacancies in London, a sharp decline from more than 350 openings recorded four years […]

Tech

Meta severs ties with Manus amid Chinese national security concerns

Meta has taken significant steps to dismantle its $2 billion acquisition of AI startup Manus, severing operational ties and ending data-sharing arrangements as it moves to comply with a divestiture order issued by Chinese authorities on national security grounds. According to Bloomberg, Meta has disconnected Manus from its internal systems, preventing employees from using the […]

Business

X refuses to remove dozens of racist posts targeting Kemi Badenoch

X has declined to remove dozens of social media posts reported for hate speech, abuse, or harassment, including messages containing racial slurs directed at prominent UK politicians such as Conservative Party leader Kemi Badenoch. According to research published in May by the social inclusion think tank British Future, at least 30 posts made this year […]

News

SERAP sues NNPCL over alleged ₦5.9bn rebranding expense

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over what it described as the company’s failure to account for approximately ₦5.9 billion allegedly spent on the incorporation, transition and rebranding of the NNPC into NNPCL. SERAP said the NNPC reportedly paid ₦2.9 billion for incorporation expenses […]

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FG to open recruitment portal for shortlisted civil defense candidates, others

The Federal Government will open the Civil Defence, Correctional, Fire and Immigration Services Board recruitment portal from Monday, June 15, 2026, for shortlisted candidates to proceed to the next stage of the 2024/2025 recruitment exercise. The Board disclosed this in a statement via its official X account, notifying CBT participants from the November 2025 examination […]

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