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EFCC charges two over alleged unlawful supply of

  • 20th August 2026

FG urges banks, fintechs to bridge $14.8bn gender

  • 20th August 2026

Former Asia’s richest man sentenced to life in

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US govt debt surpasses $40tn for first time

  • 20th August 2026

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EFCC charges two over alleged unlawful supply of FCMB

Business

New airbus acquisition strengthens Ibom Air – Eno

Aviation

FAAN denies ban on Uber, Bolt at Lagos, Abuja

Aviation

FG urges banks, fintechs to bridge $14.8bn gender financing

Business

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Business

Dunamis terminal denies responsibility for Ago palace gridlock

Officials of Dunamis Inland Terminal have distanced the facility from the recurring gridlock along Ago Palace Way, insisting that the congestion is largely caused by the poor condition of the road and seasonal rainfall rather than truck operations linked to the terminal. Vanguard reported that the clarification comes on the heels of a recent return […]

Business

FG ends mandatory stamp duty deductions by MDAs

The Federal Government has directed all Ministries, Departments and Agencies to immediately stop deducting the one per cent stamp duty previously charged on payments to contractors, vendors, suppliers and service providers, in line with the provisions of the Nigeria Tax Act 2025. The directive was conveyed in a Federal Treasury Circular dated June 15, 2026, […]

Business

New NIA chairman unveils blueprint for insurance sector growth

The incoming Chairman of the Nigerian Insurers Association, Mrs. Ebelechukwu Nwachukwu, has unveiled a strategic blueprint anchored on collaboration, public trust, and regulatory compliance. Vanguard reported that speaking at a pre-investiture press conference in Lagos on Wednesday, Nwachukwu who is the Managing Director of REX Insurance Company Limited said that she also targets transitioning insurance […]

Business

Nigeria’s crude oil output could reach 1.9mbpd – NUPRC

Nigeria’s crude oil production has the potential to increase to 1.9 million barrels per day in the near term, following recent gains in output, according to the Nigerian Upstream Petroleum Regulatory Commission. The Commission Chief Executive of the NUPRC, Oritsemeyiwa Eyesan, made this known on Wednesday during a meeting with the Chairman of the Nigeria […]

Economy

Nigeria’s current account surplus hit $4.98bn in Q1 — CBN

The Central Bank of Nigeria on Wednesday said the nation’s current account surplus grew year-on-year by 46 per cent to $4.98 billion in the first quarter of 2026. The apex bank disclosed this in its Balance of Payments report for Q1’26 noting that the current account surplus also grew quarter-on-quarter by 255.7 per cent from […]

Business

Nigeria, US exports help ease global jet fuel shortage

Fears of a jet fuel shortage ahead of the peak summer travel season have eased as increased refinery output and stronger exports from countries such as Nigeria help stabilize global aviation fuel supplies. According to the International Energy Agency in its June 17, 2026 report, higher production from refineries in the United States and Europe, […]

Business

FG rules out new taxes on telecom, petroleum products

The Federal Government has dismissed reports suggesting it plans to impose new taxes on telecommunications services and petroleum products, despite recommendations contained in the International Monetary Fund’s Article IV Consultation Report on Nigeria. The clarification was provided by the Senior Special Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister […]

featured

Diezani Alison-Madueke acquitted of all bribery charges in UK

Former Minister of Petroleum Resources, Diezani Alison-Madueke, has been cleared of all six bribery charges filed against her by UK prosecutors, concluding a closely watched corruption trial in London. A jury at Southwark Crown Court on Wednesday found Alison-Madueke not guilty on five counts of accepting bribes and one count of conspiracy to commit bribery […]

Investment

Investors lose ₦782bn as NGX extends losses

Trading on the Nigerian stock market extended its negative trend on Tuesday, with investors losing N782 billion, marking the third consecutive trading session of losses. The decline was driven by broad-based profit-taking, with losses recorded across insurance, banking, consumer goods, industrial and technology stocks. The market capitalisation depreciated by 0.50 per cent to N155.203 trillion […]

Uncategorized

NCRIB seeks pension fund reforms to deepen coverage

The Nigerian Council of Registered Insurance Brokers has said Nigeria’s insurance penetration could increase significantly if pension assets currently under the management of the National Pension Commission were reintegrated into the insurance sector. The NCRIB President, Mrs. Ekeoma Ezeibe, stated this on Tuesday at the 2026 Inaugural Annual Insurance Week held at Nnamdi Azikiwe University, […]

Telecommunications

Global 5G subscriptions hit 3.1 billion in Q1 — Report

Global 5G mobile subscriptions rose to 3.1 billion in the first quarter of 2026, with 162 million new subscriptions added during the period, according to Ericsson’s June 2026 Mobility Report released on Tuesday. The report projects that global 5G subscriptions will more than double to 6.4 billion by 2031 as network deployments and device availability […]

Electricity

W’Bank, AfDB to connect 50 million Africans to electricity

The World Bank and the African Development Bank have announced that Mission 300, an initiative aimed at providing electricity to 300 million Africans by 2030, has connected more than 50 million people to power across 40 countries, nearly two years after its launch. Nairametrics reported that this was disclosed in a joint statement issued by […]

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