Musk plans $10.5bn SpaceX share giveaway to US children
SpaceX chief executive Elon Musk said on Monday that he plans to give every child in the United States one share in…
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Investors lose ₦535bn as NGX extends decline to third week
The Nigerian Exchange Limited fell further Week-on-Week amid selling pressure across sectors. This came despite the fourth consecutive monthly decline in the…
FG turns to bond market to pay ₦6trn power debt
The Federal Government has turned to the bond market to raise funds. Its debts to power generation companies reached N6 trillion at…
Experts caution parents over AI use for children’s photographs
Experts have urged parents to exercise caution when uploading photographs of their children to artificial intelligence tools, warning that the images could…
NGX adds ₦21.74bn as all-share index extends rally
The Nigerian equity market gained ₦21.74 billion on Thursday, October 15, 2026, as the Nigerian Exchange extended its rally for a second…
Nigeria’s FX utilisation hits $18.34bn, highest quarterly level since 2011
Nigeria’s foreign exchange utilisation rose to $18.34 billion in the second quarter of 2026, its highest quarterly level since the third quarter…
Naira holds steady at ₦1,331.09/$ in official FX market
The Naira held steady against the United States Dollar in both the official and informal currency segments. Data from the Nigerian Foreign…
FAAC shares ₦2.428trn to FG, states, LGs for September
The Federation Account Allocation Committee has distributed ₦2.428 trillion among the Federal Government, state governments and local government councils, as revenue accrued…
Court acquits Malabu Oil, Aliyu Abubakar in EFCC money laundering cases
The Federal High Court in Abuja on Thursday discharged and acquitted Malabu Oil and Gas Limited, other companies and AA Oil Chairman,…
Bank of Uganda raises interest rate to 12% amid currency depreciation
The Bank of Uganda has raised its benchmark interest rate by 225 basis points to 12 per cent, tightening monetary policy in…
Hamzat urges Africa, private sector to invest in digital infrastructure
Lagos State Deputy Governor, Dr Obafemi Hamzat, has urged African governments and the private sector to increase investment in digital infrastructure, local…
Single-digit inflation could save Nigeria over $10bn, says Oyedele
Finance Minister Taiwo Oyedele has said that achieving single-digit inflation in Nigeria could save the government more than $10 billion, adding that…