Business

AMCON recovers N165bn from bank debtors in H1

  • 27th July 2026

Over 90% of informal workers abandon personal pension

  • 27th July 2026

Oando plans power generation from abandoned oil wells

  • 27th July 2026

Senate replaces outdated insurance law with new regulatory

  • 27th July 2026

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Poland seeks ex-justice minister’s extradition from US over ‘funds

News

FG launches digital platform to automate civil service posting,

Tech

Nvidia, Microsoft, SpaceX launch AI safety initiative

Tech

Snapchat introduces real-time music sharing feature for users

Tech

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Opinion

Africa can save $299bn annually via better investment efficiency — AfDB

The African Development Bank has stated that African countries could save as much as $299 billion annually through improved public investment efficiency while unlocking trillions of dollars in development financing through stronger reforms and better domestic resource mobilisation. Nairametrics reported that the disclosure was contained in the 2026 African Economic Outlook report released during the […]

Banking

FUGAZ banks record ₦399.2bn profit from UK operations in 2025

Four of the five FUGAZ banks operating licensed banking subsidiaries in the United Kingdom (Access, GTCO, Zenith, and UBA) posted approximately N399.2 billion combined pre-tax profit from those UK operations for the year ended 31 December 2025. Nairametrics reported that this is according to the full-year 2025 audited financial statements of Nigeria’s tier-one banks, collectively […]

featured Life Style

Kano emerges best state for raising families in 2026

Kano State has emerged as the best state to raise a family in Nigeria, according to a new report that examined quality of life, infrastructure, safety, and affordability across eight states between January and May 2026. The report by SBM Intelligence, titled Where Nigerian Families Actually Thrive, combines findings from two separate surveys: a Quality […]

featured Food

Lagos food prices soar amid rising transport costs — Report

Food prices across major Lagos markets rose again in May 2026, reversing part of the broad-based relief observed in April as transportation costs, seasonal supply fluctuations, and rising logistics expenses affected staple commodities. The rise in major food staples is largely attributable to rising diesel and transport costs, as the price of fuel rose again […]

Economy

Cash outside banks drops ₦104bn after CBN rate cut

Cash held outside Nigeria’s banking system declined by N104.76 billion between February and April 2026 following the Central Bank of Nigeria’s decision to cut interest rates at its first Monetary Policy Committee meeting of the year, fresh data from the apex bank has shown. Figures obtained from the CBN’s money and credit statistics revealed that […]

Business

Ferrari unveils first fully electric vehicle ‘Luce’ 

Italian luxury carmaker Ferrari this week unveiled its first fully electric vehicle to reporters in Rome, Italy, a four-door, five-seater model named “Luce,” developed in collaboration with former Apple design chief Jony Ive and his creative collective LoveFrom. The first Luce models, whose name means “light” in Italian, are expected to begin deliveries in the […]

Tech

Spotify defends AI music expansion as safeguard against unregulated content

Spotify has defended its expansion into artificial intelligence-generated music, arguing the move provides a regulated alternative to piracy and the growing volume of unlicensed AI-generated content circulating online. The streaming platform recently announced a new feature that will allow premium subscribers to create AI-generated remixes and song covers using tracks from participating artists. The company […]

Business

Samsung averts strike as workers back massive bonus deal

Workers at Samsung in South Korea on Wednesday approved a wage agreement, averting a potential strike that had threatened to disrupt global semiconductor supplies and weigh on the country’s economy. The agreement follows months of negotiations over bonuses linked to Samsung’s surging semiconductor business, amid booming demand for chips used in artificial intelligence data centres. […]

Tech

Spotify adds long-form magazine stories in bid to boost revenue

Spotify has expanded its push to become a comprehensive audio platform with the launch of narrated long-form magazine articles on its app, adding another monetisable content category alongside music, podcasts, and audiobooks. The company announced on Tuesday that Premium subscribers will be able to access the narrated articles as part of their existing 15-hour monthly […]

featured News

NCS seized over 15,000 bags of smuggled rice in first quarter

The Nigeria Customs Service recorded a total seizure of 15,212 bags of smuggled rice valued at over N907.78 million in the first quarter of 2026. Vanguard reported that statistics obtained from the Enforcement Investigation and Inspection Department, Enforcement Return and Statistics Unit, of the Customs showed that the Service recorded 286 rice seizure cases between […]

featured Finance

Naira holds steady at ₦1,372.84/$ in official FX market

The Naira maintained a relatively stable posture against the United States Dollar across both the official and parallel foreign exchange markets on Wednesday morning. Data from the Nigerian Foreign Exchange Market showed the local currency trading at an official rate of 1,372.84 Naira per Dollar. This reflects a marginal adjustment from the 1,372.64 Naira recorded […]

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