Crypto exchanges face N10 million fine under new NRS tax rules
Nigeria’s cryptocurrency industry is entering a new era of stricter regulation as the Nigeria Revenue Service (NRS) has unveiled comprehensive…
Day: August 3, 2026
DMO offers two savings bonds, sets minimum investment at N5,000
The Debt Management Office (DMO) has launched a fresh subscription window for two Federal Government Savings Bonds, giving Nigerians another…
Over 3,800 Young Nigerians Explore AI and Robotics at STEM Africa Fest in Lagos
More than 3,800 children, parents, teachers, and science enthusiasts gathered in Lagos for the sixth edition of STEM Africa Fest,…
Global Memory Shortage Disrupts MacBook Air Supply as Apple Faces Stock Challenges
Apple’s best-selling MacBook Air is now feeling the impact of the global memory chip shortage, creating longer wait times for…
Seplat Energy Reduces JV Stake To 30%, Sells 10% To NNPC For $281.6m
Seplat Energy Plc has announced a major strategic move after agreeing to sell a 10 percent working interest in its…
Saudi Oil Reroutes Hit Capacity and Security Limits
Saudi Arabia is confronting one of its biggest oil export challenges in recent years as escalating security threats across key…
World Bank opens applications for 2027 Africa Fellowship, invites eligible Nigerians
The World Bank has officially opened applications for the 2027 Africa Fellowship Programme, creating a valuable opportunity for eligible Nigerian…
Mobile Money Transactions Hit N372tn as Nigeria’s Digital Payments Boom Accelerates – CBN
Nigeria’s digital payment revolution reached a new milestone in 2025 as mobile money transactions soared to N372.14 trillion, marking an…
Dow Futures Surge Over 400 Points as Trump Halts Iran Strike Plan, Oil Prices Tumble
Wall Street began the new trading month on a positive note as Dow Jones futures jumped more than 400 points…
Fixed-income Market: Investors Trade N29.4trn In July
Nigeria’s fixed-income market witnessed a remarkable surge in activity in July 2026, with investors trading securities worth ₦29.36 trillion, representing…
Banking Stocks Lift NGX Turnover by 32% to N404.7bn Despite Market Pullback
The Nigerian Exchange (NGX) recorded a sharp increase in trading activity in the final week of July 2026, with total…
Oil prices crash after Trump eases Iran tensions, cheaper petrol may follow
Oil prices recorded a sharp decline on Monday after U.S. President Donald Trump signaled a shift toward diplomacy with Iran…
AfDB: West Africa misallocates capital despite $100 billion annual development needs
West Africa is not facing a shortage of money to fund its development ambitions—it is facing a much deeper problem…
Nigeria’s Mobile Market Surges to Two-Year High as Active Subscribers Reach 189.4 Million
Nigeria’s telecommunications industry is showing strong signs of recovery, with active mobile subscriptions climbing to 189.4 million in May 2026,…
Sam Altman Sparks Fresh Debate Over AI Development After Security Incident
OpenAI CEO Sam Altman has sparked fresh debate about the future of artificial intelligence after suggesting that the industry may…
Nigeria earns N24tn from crude exports in six months
Nigeria earned an estimated N24.02 trillion from crude oil exports between January and June 2026, reinforcing the country’s dependence on…
Top Nigeria Business Events to Watch This Week: NBS IGR Report, Investment Expo and Economic Updates
As a new week begins, attention is turning to a series of major economic events and policy announcements that could…
Ghana’s Cedi Loses Crown as Africa’s Top Currency After Stunning 2025 Rally
After delivering one of Africa’s most remarkable currency recoveries in 2025, Ghana’s cedi has suffered a dramatic turnaround in 2026,…
Brent crude slides $16 in eight trading days as Trump revives Iran peace talks
Global oil prices suffered a sharp decline after U.S. President Donald Trump announced renewed peace talks with Iran, easing fears…
Nigerian Stock Market Rebounds in July as FirstHoldCo Shines and Two Stocks Deliver Over 100% Gains
The Nigerian stock market bounced back strongly in July 2026, reversing much of June’s losses as investors returned to the…