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Opinion

NGX boss urges CBN to prioritise capital market growth

Group Managing Director/CEO, Nigerian Exchange Group, Temi Popoola, has urged the Central Bank of Nigeria’s Monetary Policy Committee to treat capital market development as a macroeconomic necessity. He argued that the effectiveness of monetary policy increasingly depends on the depth, liquidity, and coherence of Nigeria’s financial markets. Vanguard reported that Popoola made this call in […]

featured Investment

FG, World Bank slash funding for new classrooms in HOPE initiative

The Federal Government and the World Bank have restructured the $500m HOPE for Quality Basic Education for All programme. The restructuring involves cutting funding allocations tied to the construction of new classrooms while expanding the number of states eligible for targeted interventions under the project. Details of the restructuring were contained in a World Bank […]

Electricity featured

Epileptic power supply continues as generation drops below 3600MW

There are indications that Nigerians and businesses may continue to grapple with an epileptic electricity supply. Generation dropped on Thursday to 3,527.76 megawatts. This represents a decrease of 877.28 megawatts or 19.92 per cent from 4,405.04 megawatts recorded the previous day. Vanguard reported that the data was obtained from the Nigerian Independent System Operator. With […]

Business

Bitcoin falls below $73,000 despite Trump crypto policy push

Bitcoin briefly slipped below US$73,000 even after Donald Trump renewed his push for the CLARITY Act, raising questions about whether pro-crypto rhetoric from Washington is still enough to lift digital asset prices. In a Truth Social post late Wednesday, President Trump described the United States as the “crypto capital of the world,” praised the industry’s […]

Business

Lawyer who killed gaming tycoon Lin Qi executed – Report

A Chinese lawyer who poisoned and killed billionaire gaming tycoon Lin Qi, an executive involved in producing Netflix’s sci-fi hit “3 Body Problem,” has been executed, Chinese state media reported. Xu Yao murdered his employer in 2020 by giving him what he claimed were probiotic pills, but which were actually laced with lethal toxins he […]

featured Sport

Full list: Arsenal, City, other EPL clubs 2025/26 prize money

Arsenal have emerged as the biggest winners financially after clinching the 2025/26 Premier League title, pocketing a record £198.7 million in domestic broadcast revenues from the competition. According to New York Times, this marks the first time a club has crossed the £198 million threshold in a single Premier League season, surpassing the previous record […]

Economy featured

Gold prices crash to two-month low amid US-Iran war

Spot gold has fallen to a two-month low, testing a significant technical floor at its 200-day Simple Moving Average. A clear break below this $4,395–$4,400 structural zone could reveal more declines toward earlier consolidation pockets. Gold has dropped about two per cent to 3.5 per cent in Naira terms over the past month, reflecting the […]

Investment

North-East Nigeria tops AfDB’s projects while South-East lags behind

The North-East emerged as the biggest clearly identifiable regional beneficiary of African Development Bank-backed projects in Nigeria, while South-East infrastructure projects lagged in disbursement despite lean approvals. This is according to the AfDB’s 2025 Country Portfolio Performance Review for Nigeria, which assessed the bank’s project performance, disbursement trends and implementation challenges as of December 2025. […]

News

Taraba gov recalls 3,187 ghost workers, approves 1,500 new hires

Governor Agbu Kefas of Taraba State has approved the reinstatement of 3,187 civil servants earlier dismissed after being labelled ghost workers. The governor also approved the recruitment of an additional 1,500 civil servants into the state workforce. Vanguard reported that the commissioner for Information, Zainab Usman Jalingo, disclosed this on Thursday while briefing journalists after […]

Life Style

BUA founder Rabiu’s net worth hits $18.7bn on NGX gains

Nigerian industrialist and founder of BUA Group, Abdulsamad Rabiu, has seen his net worth climb sharply to nearly $19 billion, driven by sustained gains in his listed holdings on the Nigerian Exchange and improved earnings performance across his cement and food subsidiaries. Latest estimates put Rabiu’s fortune at approximately $18.7 billion as of May 28, […]

Telecommunications

Telecom operators introduce data calculator to boost subscriber trust — Report

Mobile Network Operators in Nigeria are now taking bold moves to address the perennial complaints of telecom subscribers over data depletion by coming up with transparency tools. Nairametrics reported that according to sources from the industry, one of the tools being considered by operators is called “data calculator” that can show subscribers how their data […]