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Tinubu orders arrest of fake agency promoter, suspends

  • 21st August 2026

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

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Tinubu orders arrest of fake agency promoter, suspends three

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Walmart to accept Apple Pay, Google Pay at US

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FBI asks US court to keep Tinubu-related records confidential

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AFC to invest $3b in Africa’s mining, trade sectors

Africa Finance Corp. is set to invest over $3 billion across Africa next year, focusing on enhancing the region’s mining and trade sectors. AFC said it plans to prioritize advancing existing infrastructure projects, such as the multimillion-dollar railway linking Zambia’s mines to the Lobito port in Angola. The institution is also seeking to invest in […]

BOI extends RAPID funding application deadline for MSMEs
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BoI, AGF partner to unlock $50m in MSMEs financing

The Bank of Industry on Thursday, entered into a $50 million portfolio guarantee agreement with the Guarantee Fund to unlock substantial financing for women entrepreneurs, Micro, Small, and Medium Enterprises, and green businesses in Nigeria. This portfolio, which supports the Affirmative Finance Action for Women in Africa initiative by the African Development Bank, provides guarantees […]

Oil and Gas

OPEC+ delays plans to ease crude production cuts

OPEC+ has postponed plans to ease its formal and voluntary crude production cuts until 2026, citing a subdued outlook for global oil demand. Internal documents and sources familiar with the discussions indicate the decision aims to address market uncertainties and maintain price stability. In its formal output strategy, OPEC+ has extended its production cap of […]

News

British regulators okay $19bn Vodafone-Three mobile merger

Britain’s Competition and Markets Authority has approved the £15 billion merger between Vodafone and Three, provided the companies commit to investing billions in a joint 5G network rollout across the U.K. This decision allows the merger to proceed with the condition of significant investment in infrastructure, according to CNBC. In addition to the 5G investment […]

News

Shell, Equinor to merge UK offshore oil, gas operations

Shell and Norway’s Equinor have announced plans to merge their British offshore oil and gas assets into a joint venture. The new company, based in Aberdeen, Scotland, aims to maintain fossil fuel production and ensure the security of energy supply in the U.K. The deal is expected to be completed by the end of next […]

News

NCDMB commits N15bn to support local contractors

The Nigerian Content Development and Monitoring Board has allocated N15 billion for the revised Community Contractors Financing Scheme. This initiative aims to tackle the persistent challenge of limited funding access faced by local contractors handling oil and gas company projects. This was disclosed by the NCDMB’s Executive Secretary, Felix Ogbe, while delivering his keynote address […]

News

FG unfazed by IOC divestments, says Lokpobiri

The Minister of State for Petroleum Resources, Heineken Lokpobiri stated that the Federal Government has no cause for concern despite international oil companies divesting. He clarified that the IOCs are not leaving Nigeria but are shifting their focus from onshore to offshore operations. This was disclosed by Lokpobiri at the Nigerian Content Development and Monitoring […]

News

Shell grants $1.98bn in contracts to Indigenous firms

Shell Companies in Nigeria announced that they awarded contracts worth $1.98 billion to indigenous companies in 2023, as part of efforts to boost local content in the Nigerian oil and gas sector. These contracts, awarded by Shell Petroleum Development Company of Nigeria Limited, Shell Nigeria Exploration and Production Company Limited, and Shell Nigeria Gas, reflect […]

US SEC approves ETFs to track Bitcoin
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Bitcoin breaks $100,000 milestone for first time

Bitcoin has surpassed the long-awaited $100,000 threshold, reaching a new high of approximately $103,500, marking a significant milestone in its price trajectory. The cryptocurrency, which has been on an upward trend throughout 2024, is now up more than 140% for the year and has gained 48% since the recent elections. This surge follows a series […]

Nigeria's external reserves rise to $36.89bn — CBN gov
News

Industry minister to discuss $2.4bn FX forward contracts with CBN

The Minister of State for Industry, Trade, and Investment, Senator Owan Enoh, has pledged to engage with the Central Bank of Nigeria Governor, Olayemi Cardoso, regarding the $2.4 billion in foreign exchange forward contracts. Enoh made this disclosure on Wednesday at the the first stakeholders’ town hall meeting with key representatives from the Manufacturers Association […]

Niger junta takes over French-controlled uranium mine
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Niger junta takes over French-controlled uranium mine

French nuclear fuels group Orano has announced that it has lost operational control of its Somair uranium mine in Niger, citing interference from Nigerien authorities and a breakdown in governance at the site. This marks a significant challenge for foreign companies operating in the West African nation, as political and business conditions continue to deteriorate. […]

News

Nollywood ‘A Ghetto Love Story’ grosses ₦51m at box office

Nollywood’s latest sensation, “A Ghetto Love Story”, produced by comedian-turned-filmmaker Bright Okpocha, popularly known as Basketmouth, has achieved a remarkable ₦51 million in box office earnings across cinemas in Nigeria and Ghana. The impressive milestone was announced by FilmOne Entertainment, the film’s West African distributor, via a celebratory post on Instagram. The romantic drama saw […]

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