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EFCC charges two over alleged unlawful supply of

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FG urges banks, fintechs to bridge $14.8bn gender

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Former Asia’s richest man sentenced to life in

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US govt debt surpasses $40tn for first time

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Microsoft warns Africa risks becoming AI consumer

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Tony Elumelu’s Heirs Holdings stake in Seplat crosses $1bn

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EFCC charges two over alleged unlawful supply of FCMB

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New airbus acquisition strengthens Ibom Air – Eno

Aviation

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FG denies cooking gas export claims

A senior official of the Federal Ministry of Petroleum Resources has dismissed allegations that locally produced cooking gas is being exported for foreign currency earnings at the expense of Nigerian consumers, maintaining that the federal government’s ban on Liquefied Petroleum Gas exports remains in effect despite concerns over rising prices and supply shortages. The clarification […]

Business featured

T+1 reform will cut risks, improve trading efficiency – ASHON

The Chairman of the Association of Securities Dealing Houses of Nigeria, Sehinde Adenagbe, has hailed the introduction of the T+1 settlement cycle by CSCS Plc as a landmark reform for Nigeria’s capital market, saying it will improve operational efficiency, lower settlement risks, and strengthen investor confidence. Commenting on the new settlement regime, Adenagbe said the […]

Business

World Cup set to become largest sports gambling event ever

The global sports gambling industry is banking on the World Cup to reignite growth after a period of slowing momentum and intensifying competition from prediction markets. Online betting operators have faced challenges in recent months, with customer acquisition stagnating and existing users placing fewer wagers, according to The New York Times. The industry is now […]

Finance

Naira gains against Euro, closes at ₦1573/€

The Naira strengthened against the major European currency in the 4th session of the week. According to CBN data, the Naira closed at N1573/€1 against majors in the fourth session, slightly gaining against N1574/€1 recorded on Wednesday. Market activity indicates that the EUR/NGN cross rate has clearly weakened amid ongoing pressure from naira bulls. The […]

Business

NGX’s all share index gains 0.6% despite Thursday dip

The Nigerian equities market closed the shortened trading week in positive territory, with the NGX All-Share Index advancing 0.6 per cent week-on-week despite ending Thursday’s session lower. The benchmark index shed 0.05 per cent on Thursday, June 11, to close at 244,738.74 points, while market capitalization declined by N72.74 billion to N156.97 trillion from N157.05 […]

News

Tinubu says terrorism-related deaths down by 81% since 2015

President Bola Tinubu has said Nigeria has recorded a significant decline in terrorism-related deaths, claiming an 81 per cent reduction since 2015. Tinubu made the remarks during his 2026 Democracy Day address on Friday, where he addressed key national security concerns, including the recent abductions in Oyo and Borno states. While outlining ongoing military operations […]

News

NDLEA destroys ₦2.8bn worth of illicit drugs in Edo

The National Drug Law Enforcement Agency has destroyed 73,463.21 kilogrammes of illicit drugs and psychotropic substances valued at N2.8 billion in Edo State. The public destruction exercise was carried out on Thursday in Benin City and was attended by representatives of the Edo State Government, members of the National Assembly, NDLEA officials, security stakeholders and […]

Tech

Jeff Bezos’ Prometheus raises $12b to accelerate engineering automation

Prometheus Raises $12 Billion at $41 Billion Valuation to Advance Physical AI Ambitions Prometheus, a physical artificial intelligence startup co-founded by Jeff Bezos and former Verily co-founder Vik Bajaj, has secured $12 billion in fresh funding, valuing the company at $41 billion. The funding round attracted investments from Bezos alongside major financial institutions including jpmorganchase, […]

Aviation

Ground handlers restore services to Max Air after debt payment

Ground handling companies in Nigeria have resumed services to Max Air after the airline entered fresh negotiations and made a partial payment toward its outstanding debts, leading to the reversal of a suspension imposed just 24 hours earlier. The Aviation Ground Handlers Association of Nigeria announced the decision in a joint statement issued in Lagos […]

Business

Musk crosses historic $1 trillion wealth mark after SpaceX IPO

Elon Musk has become the world’s first trillionaire following SpaceX’s stock market debut on Friday. The SpaceX founder and chief executive held an estimated $860 billion worth of the company’s shares after they were priced at $135 each ahead of the initial public offering, according to Bloomberg. Combined with his stake in Tesla and the […]

News

Court fines Indian vessel, crew $6m for cocaine importation

A Federal High Court in Lagos has convicted an Indian merchant vessel and its 11 crew members, ordering them to pay a combined $6 million in fines and restitution over the importation of 31.5 kilograms of cocaine into Nigeria. The National Drug Law Enforcement Agency disclosed the development in a statement issued on Thursday by […]

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