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Senate replaces outdated insurance law with new regulatory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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Relocating abroad doesn’t guarantee jobs, tech expert warns youths

Travel

Atiku questions Tinubu’s borrowing spree despite ₦7.98trn oil windfall

Opinion

Naira opens new trading week at ₦1,361/$ in official

Finance

AMCON recovers N165bn from bank debtors in H1 2026

Business

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Finance

Naira gains against Euro, closes at ₦1573/€

The Naira strengthened against the major European currency in the 4th session of the week. According to CBN data, the Naira closed at N1573/€1 against majors in the fourth session, slightly gaining against N1574/€1 recorded on Wednesday. Market activity indicates that the EUR/NGN cross rate has clearly weakened amid ongoing pressure from naira bulls. The […]

Business

NGX’s all share index gains 0.6% despite Thursday dip

The Nigerian equities market closed the shortened trading week in positive territory, with the NGX All-Share Index advancing 0.6 per cent week-on-week despite ending Thursday’s session lower. The benchmark index shed 0.05 per cent on Thursday, June 11, to close at 244,738.74 points, while market capitalization declined by N72.74 billion to N156.97 trillion from N157.05 […]

News

Tinubu says terrorism-related deaths down by 81% since 2015

President Bola Tinubu has said Nigeria has recorded a significant decline in terrorism-related deaths, claiming an 81 per cent reduction since 2015. Tinubu made the remarks during his 2026 Democracy Day address on Friday, where he addressed key national security concerns, including the recent abductions in Oyo and Borno states. While outlining ongoing military operations […]

News

NDLEA destroys ₦2.8bn worth of illicit drugs in Edo

The National Drug Law Enforcement Agency has destroyed 73,463.21 kilogrammes of illicit drugs and psychotropic substances valued at N2.8 billion in Edo State. The public destruction exercise was carried out on Thursday in Benin City and was attended by representatives of the Edo State Government, members of the National Assembly, NDLEA officials, security stakeholders and […]

Tech

Jeff Bezos’ Prometheus raises $12b to accelerate engineering automation

Prometheus Raises $12 Billion at $41 Billion Valuation to Advance Physical AI Ambitions Prometheus, a physical artificial intelligence startup co-founded by Jeff Bezos and former Verily co-founder Vik Bajaj, has secured $12 billion in fresh funding, valuing the company at $41 billion. The funding round attracted investments from Bezos alongside major financial institutions including jpmorganchase, […]

Aviation

Ground handlers restore services to Max Air after debt payment

Ground handling companies in Nigeria have resumed services to Max Air after the airline entered fresh negotiations and made a partial payment toward its outstanding debts, leading to the reversal of a suspension imposed just 24 hours earlier. The Aviation Ground Handlers Association of Nigeria announced the decision in a joint statement issued in Lagos […]

Business

Musk crosses historic $1 trillion wealth mark after SpaceX IPO

Elon Musk has become the world’s first trillionaire following SpaceX’s stock market debut on Friday. The SpaceX founder and chief executive held an estimated $860 billion worth of the company’s shares after they were priced at $135 each ahead of the initial public offering, according to Bloomberg. Combined with his stake in Tesla and the […]

News

Court fines Indian vessel, crew $6m for cocaine importation

A Federal High Court in Lagos has convicted an Indian merchant vessel and its 11 crew members, ordering them to pay a combined $6 million in fines and restitution over the importation of 31.5 kilograms of cocaine into Nigeria. The National Drug Law Enforcement Agency disclosed the development in a statement issued on Thursday by […]

Business

Senate pushes capital budget timeline to September

The Senate has approved a three-month extension for the implementation of the capital component of the 2025 Appropriation Act, shifting the deadline from June 30 to September 30, 2026. The approval was granted during Thursday’s plenary session as lawmakers considered measures to improve budget execution and ensure the completion of ongoing government projects. According to […]

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