Business

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

  • 15th August 2026

PwC flags gaps in new NRS virtual asset

  • 15th August 2026

Nigeria’s exports to China jump 80% to $2.3bn

  • 15th August 2026

Anthropic revenue soars 1,360% ahead of planned IPO

  • 15th August 2026

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RMAFC completes review of Nigeria’s revenue allocation formula

Finance

BRICS explores merging payment systems to cut transaction costs

Finance

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

Business

AI-driven cyberattacks surge 56% – IBM

Business

Blog

Business

Finance ministry demands legal basis for N680m NAICOM charges

The Federal Ministry of Finance has directed the National Insurance Commission to provide legal justification for the N680 million recapitalisation-related charges imposed on NICON Insurance Limited and Nigeria Reinsurance Corporation. The ministry also ordered NAICOM to suspend enforcement of the disputed fees pending the resolution of a petition filed by the two companies. The directive […]

News

Twin brothers join NNPC, defy myth of one hire per family

Identical twin brothers, Hussaini and Hassan Malami, are among the successful recruits of the Nigerian National Petroleum Cooperation Tigers Class of 2026, after both secured positions at the Nigerian National Petroleum Corporation Limited despite initially having different views about joining the company. The brothers’ recruitment has also challenged a common misconception that NNPC does not […]

Electricity

NERC dissolves Kaduna DisCo board over ₦456.5bn debt

The Nigerian Electricity Regulatory Commission has taken over Kaduna Electricity Distribution Company, dissolving its board of directors over a mounting debt crisis that has left the utility owing about N456.5 billion in cumulative market obligations. The regulator announced the intervention in a regulatory order issued on 10 August 2026, saying the decision was taken to […]

Finance

Lagos, FCT, Rivers owe 43% of states’ debt — DMO

Lagos, the Federal Capital Territory and Rivers State accounted for more than 43 per cent of the N4.52 trillion domestic debt owed by Nigeria’s 36 states and the FCT as of March 31, 2026. This is according to the first-quarter 2026 domestic debt data released by the Debt Management Office. Combined, the three states had […]

Business

One in three British manufacturers exposed to cyberattacks – Report 

Nearly one in three British manufacturers has experienced a cyberattack either directly or through a company in its supply chain, highlighting the growing cybersecurity threat facing businesses. The findings were contained in a survey by Make UK, a lobby group representing British manufacturers, and come nearly a year after Jaguar Land Rover, Britain’s largest automotive […]

Tech

Cloudflare to raise $2.175bn via convertible notes sale

Cloudflare Inc. has announced plans to raise $2.175 billion through a private offering of senior convertible notes, following a strong rally in its shares after the cybersecurity company raised its profit outlook last week. The notes, which mature in 2031, can be converted into cash or Cloudflare common stock, according to a statement issued Monday. […]

Economy

NRC boss lists four economic distortions inherited by Tinubu govt

The Chairman of the Nigeria Revenue Service, Zacch Adedeji, has listed four major economic distortions inherited by the President Bola Tinubu-led administration. Adedeji identified the distortions as an unsustainable fuel subsidy, an opaque foreign exchange market, an underperforming oil sector and a small tax base. The NRS Chairman made this known during an appearance on […]

Housing

Ikoyi two-bedroom rent hits ₦17.25m annually — Report

The cost of renting a two-bedroom apartment in some of Lagos Island’s most sought-after neighbourhoods has risen sharply, with annual rent reaching as high as N17.25 million in Ikoyi. The figure is contained in the 2026 Lagos Island Residential Market Report by Lagos Realty, which tracks rental prices, property values and land costs across four […]

Electricity

NERC dissolves Kaduna DisCo board over N456.5bn debt

The Nigerian Electricity Regulatory Commission has taken over Kaduna Electricity Distribution Company and dissolved its board of directors over a mounting debt crisis that has pushed the company’s cumulative market obligations to about N456.5 billion. In a regulatory order issued on August 10, 2026, the commission said the intervention was aimed at preserving KAEDC as […]

Policy and Regulations

Manufacturers lament multiple taxation plagues despite new tax law

The Manufacturers Association of Nigeria has said manufacturers are yet to enjoy relief from multiple taxes and levies despite the enactment of the Nigeria Tax Act 2025. The association disclosed this in its Manufacturers CEO Confidence Index report for the second quarter of 2026, noting that manufacturers continued to grapple with multiple tax collectors and […]

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