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MAN laments sharp decline of bank credit to

  • 23rd June 2026

SEC warns against unapproved Dangote refinery IPO promotions

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MAN laments sharp decline of bank credit to manufacturing

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SEC warns against unapproved Dangote refinery IPO promotions

Business

Iran, Oman to agree on Strait of Hormuz service

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Nigeria, UK renew security pact against cyber terrorism

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FG seeks fresh $1.25bn World Bank loan for reforms, jobs

The Federal Government is in advanced discussions with the World Bank over a proposed $1.25bn loan facility aimed at supporting economic reforms, investment growth, and job creation in Nigeria. According to The PUNCH, the proposed funding, known as the Nigeria Actions for Investment and Jobs Acceleration Programme, has reportedly reached a critical stage in the […]

Business

NNPC, NUPRC remit over N322bn, $116.9m into federation account

The Nigerian National Petroleum Company Limited and the Nigerian Upstream Petroleum Regulatory Commission remitted more than N322 billion and $116.9 million into the Federation Account within two months of the implementation of Executive Order 9, signed in February 2026, according to documents presented at Federation Account Allocation Committee meetings. The documents, drawn from presentations by […]

Business

NISO raises alarm over massive power theft on Lagos-Ogun transmission line

The Nigerian Independent System Operator has sounded the alarm over what it called widespread electricity theft along the Ikorodu–Sagamu transmission corridor in Lagos and Ogun states, revealing that about 180 megawatts of power is being lost to illegal consumption by large customers. NISO’s Managing Director, Abdu Mohammed Bello, made the disclosure at a recent stakeholders’ […]

Failed banks liquidation delayed over ex-staff owed salaries, others - NDIC
Business

NJI, NDIC move to boost judicial capacity in financial sector disputes

The National Judicial Institute and the Nigeria Deposit Insurance Corporation on Monday held a sensitisation seminar for Justices of the Court of Appeal in Lagos, aimed at strengthening judicial capacity in bank liquidation cases and improving depositor protection within Nigeria’s financial system. Held in Lagos, the seminar focused on improving the judiciary’s handling of disputes […]

Mastercard beats profit forecast as travel, leisure spending rises
Business

Mastercard partners Letshego to drive cashless payments in Mozambique

Mastercard and Mozambican financial services provider Letshego have unveiled a new debit card designed to advance the country’s shift toward a more inclusive digital economy. Launched at a time when only about 22 percent of adults in Mozambique use digital payments, the move marks a significant step toward expanding access to secure, internationally accepted financial […]

OpenAI unveils GPT-5 amid rising industry investment
Tech

OpenAI buys consulting firm to boost AI adoption

OpenAI is acquiring a consulting firm as part of plans to launch a new private equity-backed joint venture aimed at accelerating the adoption of its artificial intelligence tools among businesses. The ChatGPT developer said Monday it has agreed to purchase consulting and engineering company Tomoro to help staff the new venture, named OpenAI Deployment Company, […]

North Korean hackers intending to liquidate millions in stolen crypto, FBI warns
featured Tech

Hackers now use AI to detect software weaknesses – Google

Hackers linked to a major cybercrime group reportedly used artificial intelligence to identify a previously unknown software vulnerability and develop an exploit for it, Alphabet’s Google said on Monday. According to a report from Google’s Threat Intelligence Group, the planned attack targeted a widely used open-source system administration tool but was detected and stopped before […]

Business

Musk, Cook named to Trump’s China delegation

The White House has invited top United States business leaders, including Elon Musk of Tesla, Tim Cook of Apple, and Kelly Ortberg of Boeing, to join President Donald Trump on his trip to China this week. This was disclosed in report by Bloomberg, citing an official. Also expected to be part of the delegation for […]

Business

Dangote eyes $50bn listing as oil prices strengthen

Africa’s richest man, Aliko Dangote is aiming for a valuation of up to $50 billion for his planned refinery listing this year, buoyed by stronger oil prices. This was disclosed in a Bloomberg report, citing people familiar with the matter. Dangote Petroleum Refinery & Petrochemicals FZE could float as much as a 10 per cent […]

Business

Dangote, Norwegian sovereign wealth fund explore major investment ties

The President/Chief Executive of the Dangote Group, Aliko Dangote, has met with Nicolai Tangen, CEO of Norges Bank Investment Management, the world’s largest sovereign wealth fund manager with assets of about $1.9 trillion. During the high-level talks, the Norwegian investment institution signaled strong interest in partnering with the Dangote Group to deepen its investments across […]

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