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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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Microsoft warns Africa risks becoming AI consumer

Tech

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

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EFCC charges two over alleged unlawful supply of FCMB

Business

New airbus acquisition strengthens Ibom Air – Eno

Aviation

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Local airlines must demonstrate capacity for US flights – Ministry

The Ministry of Aviation and Aerospace Development has stated that Nigerian airlines must demonstrate enhanced capacity and consistency, as well as meet the necessary criteria, to fly US and other international routes. This was disclosed by the spokesperson for the ministry, Tunde Moshood, adding that Nigeria was poised to enhance its international aviation footprint, according […]

News

Nigeria economy has capacity to reach $6tn when harnessed – Financial expert

The Chief Executive Officer of The CFG Advisory, Tilewa Adebajo, has declared that the Nigerian economy has the capacity to reach $6 trillion if properly harnessed. He disclosed this at the June 2024 edition of the Finance Correspondents Association of Nigeria bi-monthly forum in Lagos, according to The Punch. He stated that the country’s economy […]

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Nigeria can increase revenue without imposing more taxes – Taiwo Oyedele

The Chairman of Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele believes that Nigeria can greatly increase its revenue without imposing additional taxes. Rather he suggests better tax administration and the use of technology to solve the anticipated N20 trillion tax shortfall. This was disclosed in a live interview on Channels Television’s “Politics […]

Economy News

Banks to deposit excess FX in CBN Lagos, Abuja offices

The Central Bank of Nigeria on Friday published updated guidelines for Deposit Money Banks to deposit surplus foreign currency notes at its Lagos and Abuja offices. This initiative seeks to harmonize exchange rates between parallel and official markets. The official foreign exchange closed at N1,505.30 on Friday, but the black market rate was N1,520. The […]

Naira strengthens slightly to N1,534.52/$ at official market
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Naira ranked world’s worst-performing currency in 2024

The naira has emerged as the world’s worst-performing currency in the first half of 2024. According to a Bloomberg report published on Friday, devaluation, insufficient dollar liquidity, and market volatility have hampered the Central Bank of Nigeria’s efforts to strengthen the currency. Aside from the naira, Egypt’s pound and Ghana’s cedi were the world’s other […]

Economy News

FG raises N284b in treasury bills auction

The Federal Government, through the Central Bank of Nigeria, raised a total of N284.26 billion in the latest Nigerian Treasury Bill auction. This follows as its T-Bills debts surged to N10.4 trillion between December 2023 and March 2024, representing a 60% increase in just three months, according to The Punch. According to the Debt Management […]

Energy News

FG secures $50m for CNG infrastructure boost

The federal government announced yesterday that investors had raised $50 million over the last six months to fund infrastructure development for compressed natural gas adoption in the transportation sector. In addition, the government announced a 50 per cent discount on conversion kits priced between N1.2 million and N1.5 million to encourage carriers to switch to […]

FG inaugurates taskforce to combat illegal charter operations
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FG inaugurates taskforce to combat illegal charter operations

The Federal Government on Thursday in Abuja, inaugurated a Ministerial Task Force to address illegal private charter operations and related issues within the aviation industry. The Minister of Aviation and Aerospace Development, Festus Keyamo, announced that the task force will conduct a comprehensive inventory of all Private Non-Commercial Flight holders and Air Operator Certificate holders. […]

Stock investors gain N3.4tn in shortened trading week
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Equity market maintains bullish momentum as investors gain N6.29bn

The equity market continued its bullish trend on Thursday, with investors securing gains of approximately N6.29 billion. Positive trading activity was driven by buying interest in Seplat Energy Plc, United Bank for Africa, and First Bank of Nigeria Holdings. The market capitalisation increased by 0.11 percent to close at N56.28 trillion, while the all-share index […]

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