Nigeria Mobilised N15.8trn from Petrol Subsidy Removal in Two Years — Oyedele
Nigeria mobilised N15.8 trillion in resources from petrol subsidy savings between June 2023 and December 2025, Minister of Finance and…
Day: August 19, 2026
Strait of Hormuz Shipping Slows as Vessel Attack Raises Security Fears
Shipping through the Strait of Hormuz slowed further on Wednesday as vessel operators became increasingly cautious over rising security threats…
36 States’ Budgets Surge 47% to N40tn as Capital Spending Share Drops
Nigeria’s 36 states and the Federal Capital Territory (FCT) have significantly expanded their budgets for 2026, with combined spending rising…
FAAC Revenue Jumps 17.8% to ₦4.359tn in July as FG, States, LGs Share ₦3.007tn
The Federation Account recorded a major boost in revenue in July 2026, with gross revenue rising to ₦4.359 trillion, up…
High Oil Prices Threaten Global Economic Stability as Moody’s Warns
Persistently high oil prices could pose a growing threat to global economic stability as expensive energy and possible fuel rationing…
OpenAI Launches ChatGPT for Teens With Stronger Safety Protections
OpenAI has launched ChatGPT for Teens, a dedicated experience for users under 18 that comes with what the company describes…
Fairphone 6+ Launches in the U.S. With a Focus on Repairability and Long-Term Use
Fairphone has officially expanded its repair-focused smartphone lineup to the U.S., bringing the new Fairphone 6+ to American consumers at…
Farmers fear crisis as food inflation hits six-month high
Nigeria’s food inflation has climbed to a six-month high of 20.31 per cent, raising fresh concerns about the affordability of…
Investors Submit N1.73tn as DMO Allots N1.56tn in FGN Bond Auction
Investors showed strong appetite for Nigerian government securities as they submitted bids worth N1.73 trillion at the Debt Management Office’s…
Naira Strengthens as Nigeria’s Foreign Reserves Hit $52.5bn, CBN Says
Nigeria’s foreign exchange market is showing fresh signs of stability as the naira continues to strengthen, with the gap between…
Dangote Refinery Secures $1bn Backing Ahead of Planned IPO
The Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned initial public offering (IPO), in…
Nigeria’s Gas Market Set for Major Shift as Exchange Trading Promises Clearer Prices
Nigeria’s gas market could be heading for a major transformation as the country moves towards exchange-based trading, a model expected…
PwC Warns Nigeria’s 30% Capital Gains Tax Creates Offshore Tax Loopholes
Nigeria’s new 30 per cent capital gains tax (CGT) regime could create uncertainty for companies involved in offshore transactions, PwC…
FG, States and LGs Share Record N3.007trn as July Revenue Jumps 18%
Nigeria’s federal, state and local governments shared a record N3.007 trillion in FAAC revenue allocation for July, following a sharp…
US Bond Yields Hit 20-Year High, Putting Naira and Nigerian Stocks Under Pressure
US bond yields have climbed to their highest level in nearly two decades, raising fresh concerns for emerging markets such…
NGX Loses N544.5bn as First HoldCo, Fidelity Bank Drive Six-Day Market Slide
Nigeria’s equities market extended its losing streak on Tuesday, August 18, 2026, as investors continued to lock in profits from…
NAFEM Turnover Hits $1.41 Billion as FX Market Activity Rebounds
NAFEM turnover surged to $1.41 billion on August 17, 2026, marking its highest level in five weeks as trading activity…