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FBI asks US court to keep Tinubu-related records

  • 21st August 2026

US recognises Nigerian-American fintech entrepreneur George Azih

  • 21st August 2026

Geregu Power confirms payment of N40bn bond coupon,

  • 21st August 2026

Femi Otedola’s net worth nears $2bn

  • 21st August 2026

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NDDC launches N30bn fund to empower N’Delta entrepreneurs

The Niger Delta Development Commission has launched a N30 billion fund to support young entrepreneurs in the Niger Delta region. In a statement released on Saturday, the NDDC revealed that the funds will be channeled through the Niger Delta Chamber of Commerce, Industry, Trade, Mines, and Agriculture to support the growth and development of young entrepreneurs […]

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MAN calls for reopening of Lagos factories sealed by LASWARCO

The Manufacturers Association of Nigeria has urged Lagos State Governor Babajide Sanwo-Olu to intervene and reopen factories sealed by the Lagos State Water Regulatory Commission. These closures were reportedly due to alleged non-payment of water abstraction fees. In a statement on Friday, MAN described the closures as “unwarranted and ill-timed,” arguing that LASWARCO ignored ongoing […]

Nigeria Exchange in decline two weeks in a row
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NGX records 12.01% drop in transactions in November

The Nigerian Exchange Limited reported a 12.01% decline in total transactions for November 2024, amounting to ₦442.34 billion, down from ₦502.73 billion in October 2024. This was detailed in the Domestic & Foreign Portfolio Investment Report released on Friday. The report highlighted that domestic transactions accounted for ₦401.40 billion in November 2024, an 11.83% decrease […]

Spotify launches 'Concerts Near You' playlist for event discovery
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Spotify co-founders rake in $900m as stock soars

Spotify co-founders Daniel Ek and Martin Lorentzon have cashed in a combined $900 million in stock payouts this year, following a remarkable surge in the streaming giant’s market value, which has approached $100 billion. This rise marks an extraordinary recovery from previous years when the company’s valuation had dropped below $20 billion. According to filings […]

Amazon, OnlyFans founder express interest as TikTok sale deadline nears
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TikTok pulls down 2.1m videos from Nigeria in Q3 2024

The popular short video platform owned by Bytedance, TikTok, removed 2.1 million videos posted by Nigerian users in the third quarter of 2024 for violating its content policies. According to the company’s Community Guidelines Enforcement report, Nigeria ranked among the top 50 countries responsible for videos that breached TikTok’s guidelines during the period under review. […]

N40,000 rice initiative targets public servants, others to follow
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Rice prices hit record high as Tinubu’s policies struggle

The price of rice, a key ingredient for Nigeria’s beloved jollof rice, has more than doubled this year, exposing the government’s difficulties in managing the country’s cost-of-living crisis. A market survey by SBM Intelligence on Wednesday revealed that the cost of a 50 kg bag of rice in Lagos rose by 8% in December to […]

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Nigeria lags in digital readiness, UAE leads

Nigeria has ranked poorly in preparation for the global digital revolution, lagging behind some of the world’s most connected regions, according to the Emerging Digital Powerhouse Index compiled by wireless connectivity provider Airgain. The research assessed factors such as average mobile internet speeds, digital skills, 5G deployment progress, and broadband affordability across 37 countries to […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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W’Bank scraps loan fees, forecasts 10% price drop in commodities

The World Bank has introduced measures aimed at easing the borrowing burden for very poor and vulnerable countries. These include removing the prepayment premium on the International Bank for Reconstruction and Development loans, providing a grace period for commitment fees on undisbursed balances, and extending low-cost pricing for small, vulnerable states. Additionally, the World Bank […]

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Private sector crucial to tackling internal crises – TGI

TGI Group’s Vice Chairman, Farouk Gumel, emphasized the critical role of the private sector in addressing internal displacement crises in Africa during the 2024 Africa Roundtable on Private Sector Solutions to Internal Displacement. He highlighted how businesses can contribute to creating sustainable solutions for displaced persons. The event, organized by the United Nations High Commissioner […]

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CBN attributes oil revenue crash to ageing pipelines

The Central Bank of Nigeria has identified ageing pipeline infrastructure and operational inefficiencies as key factors contributing to a significant 24.72% decline in oil revenue for the third quarter of 2024. The decline saw oil revenue drop to N1.30 trillion, down from the previous quarter, primarily due to lower receipts from petroleum profit tax and […]

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FG assures manufacturers free trade zones will boost exports

The Federal Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole, has reassured manufacturers that Nigeria’s free trade zones are aimed at boosting exports and will not undermine local industries. Speaking at a press briefing in Lagos, she emphasized that the zones are designed to operate within guidelines that promote economic growth and address stakeholders’ […]

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Illicit flows cost Nigeria, others $1.6bn daily – AfDB

The African Development Bank Chief Economist, Kevin Urama, has disclosed that Africa loses approximately $1.6 billion daily due to illicit financial flows and profit shifting by multinational corporations operating on the continent. This significant financial leakage undermines economic growth and development in African nations. Urama made this revelation during an interview, according to The Punch. […]

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