Business

Tinubu appoints Abel Enitan as head of civil

  • 19th August 2026

Ekiti approves ₦3bn for new high court office

  • 19th August 2026

How FG spent N15.8tn subsidy removal savings

  • 19th August 2026

US tightens green card screening with new public

  • 19th August 2026

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Netflix faces trademark lawsuit from metal band Demon Hunter

Business

Tinubu appoints Abel Enitan as head of civil service,

Business

FG borrowed ₦11.9tn in 31 months, says Oyedele

Finance

States’ 2026 budgets rise 47.5% to ₦40.14tn

Finance

Blog

Stock investors gain N3.4tn in shortened trading week
News

NGX fines companies N76.8m for financial statements default

Alex Omenye The Nigerian Exchange Limited has imposed fines totaling N76.8 million on nine listed companies for failing to submit their audited financial statements by the regulatory deadline. It was revealed that these companies were penalized for not meeting the regulatory requirements for their year-end 2022 and 2023 financials. The sanctioned companies include African Alliance […]

How banks sent 'charming' ladies to lure my interest — Otedola
Banking News

Otedola raises stakes to 11.64% in FBN holdings

The Chairman of FBN Holdings, Femi Tedola has raised his ownership stake in the business once more, solidifying his status as the company’s single largest stakeholder. This was disclosed in a notice to NGX on Monday. In the notice, the billionaire acknowledged that, at an average price of N21.58, he had purchased an extra 797,946,415 […]

NCC, Telecom operators urge states to review policies for broadband expansion
featured News

All SIM cards used in Nigeria are locally produced – NCC

The Nigerian Communications Commission has said that 100 per cent of SIM cards in the country are made locally. This was disclosed by the head of new media and information security, NCC, Babagana Digima at a two-day training for media executives titled, “Upskilling media stakeholders on trends in telecommunications,” in Lagos, according to Businessday. Digima […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Crypto

Crypto declines as Bitcoin falls to $61K

Alex Omenye The cryptocurrency market is reeling from increasing losses following its second-worst weekly decrease of 2024. This downturn is driven by declining demand for Bitcoin exchange-traded funds, uncertainty regarding the U.S. Federal Reserve’s monetary policy, and a general lack of interest in digital assets. This marks the sharpest decline since April. Bitcoin’s price has […]

FG deducts N256.5bn for gas projects in six months
News

FG electricity plan faces hurdle as estimated billing customers rise by 10%

AlexOmenye The Federal Government’s plan to eliminate estimated billing by the end of 2024 faces significant challenges, as evidenced by a recent increase in the number of customers on estimated billing across Nigeria’s electricity distribution companies. The Nigeria Electricity Report by the National Bureau of Statistics (NBS) for the first quarter of 2024 shows a […]

News

Nigeria spent $15.55bn in servicing debts between 2019-2024 – CBN

The Federal Government has spent $15.55bn on debt servicing between 2019 and 2024, the latest data from the Central Bank of Nigeria shows. Nigeria paid $588.33 million in debt payments between January and May of 2019, with $5.40 billion expected in 2020, according to The Punch. The debt service payments increased in succeeding years, reaching […]

News

Stakeholders lament rise in food price amid N1.25tn agric budget

The high prices of food items in the market amid its availability do not speak well of the over N1.25tn federal budget approved for the Federal Ministry of Agriculture and Food Security in three years to manage the sector, farmers and other stakeholders have stated. Although they noted that there was little correlation between food […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Apple, Meta holds talk over AI partnership

Alex Omenye Apple is actively seeking partnerships to enhance its recently announced Apple Intelligence with generative AI capabilities. According to a report by the Wall Street Journal, Apple has held discussions with Meta regarding the potential use of Meta’s generative AI model. Similar talks have reportedly been held with startups Anthropic and Perplexity. However, as […]

Banking News

Stockbrokers propose tech adoption for bank recapitalisation

The Chartered Institute of Stockbrokers has urged the Central Bank of Nigeria to use innovative technologies throughout the bank recapitalisation process to ensure efficiency and effectiveness. This was disclosed in a statement by the CIS President, Oluropo Dada on Sunda, according to The Punch. Dada noted that this measure is critical for engaging younger generations […]

News

Caverton Offshore loss rises to N12bn

Caverton Offshore Support Group Plc’s after-tax loss increased by 146.79 percent to N12.75 billion at the end of December 2023, up from N5.17 billion in the same period. This was disclosed in its annual report recently filed with the Nigerian Exchange Limited. This is the third straight year that the corporation has reported after-tax losses, […]

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