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Domestic transactions on NGX hit record ₦10.68trn in July

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FG to reveal outcome of Binance probe soon - NSA
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Subsidy removal ended fuel smuggling, says Ribadu

Nigeria’s National Security Adviser, Mal. Nuhu Ribadu, announced on Wednesday that the removal of the country’s fuel subsidy under President Bola Tinubu’s administration has effectively put an end to fuel smuggling across the nation. Speaking at the ongoing Comptroller General of Customs conference in Abuja, Ribadu emphasized that only a small fraction of Nigerians had […]

Crypto influencer Kevin Mirshahi found dead months after abduction
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Crypto influencer Kevin Mirshahi found dead months after abduction

The body of Kevin Mirshahi, a well-known Canadian crypto influencer, was found in a Montreal park on October 30, months after he was abducted in June. A passerby found his decomposing body at Île-de-la-Visitation Park, and an autopsy report released on Wednesday confirmed his identity. Mirshahi, who was abducted on June 21 alongside three others […]

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Nigeria needs $10bn investments for stable electricity – Minister

The Federal Government has announced plans to partner with the private sector to raise part of the $10 billion required to provide consistent and reliable electricity across the country. This initiative is a key component of the government’s broader strategy to tackle the nation’s ongoing power supply issues, with a projected timeline of five to […]

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Oil prices fall raise supply concerns

Oil prices dropped in early Thursday trading, largely due to a stronger U.S. dollar and concerns over increased global oil production amid slower-than-expected demand growth. Brent crude futures saw a decline of 0.6%, settling at $71.83 per barrel, while U.S. West Texas Intermediate crude dropped 0.7%, to $67.95 per barrel, according to Reuters. “The primary […]

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WTO warns G20 against new trade restrictions

The Director-General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, has urged G20 governments to avoid implementing new trade restrictions that could worsen the global economic situation. This call follows the release of the 31st WTO Trade Monitoring Report, which highlighted a significant increase in trade-restrictive measures among G20 economies over the past year. While […]

Equity market loses N92bn as stocks tumbles
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Stock market surges with N96bn gain

Investors on the Nigerian Exchange Limited on Wednesday saw a gain of N96 billion, reversing the N68 billion loss from the previous trading session. This increase was driven by higher share prices of companies such as International Energy Insurance Plc, JohnHolt, and Eunisell. Consequently, the market capitalization of the exchange grew to N59.03 trillion, marking […]

Nigerian National Petroleum Corporation Limited logo
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NNPCL appoints new CFO, EVPs

The Nigerian National Petroleum Company Limited has announced a shake-up in its key management positions to enhance operational efficiency and improve its competitive position in the global oil and gas market. In a statement by the company’s spokesperson, Femi Soneye, the board of directors approved the replacement of Mr. Umar Ajiya and Mrs. Oritsemeyiwa Eyesan […]

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NNPC, Dangote refinery sign 10-year gas supply agreement

The Nigerian National Petroleum Corporation Limited has announced that its subsidiary, NNPC Gas Marketing Limited, has signed a Gas Sale and Purchase Agreement with Dangote Petroleum Refinery and Petrochemicals FZE. This was disclosed in a statement by the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye on Wednesday. According to the statement, The GSPA between […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
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Bitcoin hits over $90,000 record high

Bitcoin broke through the $90,000 mark on Wednesday, continuing its post-election rally amid growing expectations that a potential Trump presidency will be favorable for cryptocurrencies. The world’s largest cryptocurrency reached a record high of $93,158, up 5.49% on the day, marking a 32% increase since the November 5 election. Ethereum, Bitcoin’s smaller peer, also saw […]

Trump Media to raise $2.5bn for bitcoin investment
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Stock markets diverge as Trump fears build

Global stock markets diverged Wednesday as traders fret over the impact of Donald Trump’s presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation. The prospect of higher prices on the back of Trump’s planned tax cuts, import tariffs and an easing of regulations gave fresh impetus to […]

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FG unveil migration control centre to monitor airports

The Federal Government has officially launched the Regular Migration Control Centre at the Nigerian Immigration Service headquarters in Sauka, Abuja, to monitor all international airports in Nigeria in real-time. Interior Minister, Mr. Olubunmi Tunji-Ojo revealed that the centre began 24-hour operations on Monday, following an induction program held two weeks ago. He made this disclosure […]

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3MTT: FG to train another 90,000 youths in tech skills

The Federal Government of Nigeria has announced the selection of 90,000 new fellows for the third cohort of the 3 Million Technical Talent initiative. This program, aimed at developing in-demand tech skills, will help participants become part of a growing pool of technical talent within Nigeria’s digital economy and on the global stage. The Minister […]

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