Outstanding personal loans in Nigeria climbed to approximately ₦1.99 trillion at the end of June 2026, following an increase of about ₦58.5 billion in the […]
Category: Business
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Binance Records $3.6bn Net Outflow After $6.3bn Cryptocurrency Hack
Customers of cryptocurrency exchange Binance withdrew approximately $3.6 billion in digital assets after the platform resumed transactions following a cyberattack involving an estimated $6.3 billion. […]
Nigerian Government Sets Aside N3.56tn in Savings Despite Increased Borrowing
The Federal Government and other tiers of government have set aside N3.56tn in savings from Federation Account revenue between January and September 2026, despite the […]
Dangote Refinery IPO Attracts Fourfold Subscriptions, Offer Extended to October 27
Dangote Petroleum Refinery and Petrochemicals has extended its initial public offering (IPO) by two weeks following strong investor demand, with subscriptions reportedly exceeding its original […]
NNPCL Slashes Petrol Price to ₦1,370 Per Litre After Weekend Hike
The Nigerian National Petroleum Company Limited (NNPCL) has reduced its petrol pump price to ₦1,370 per litre in Abuja, days after raising it to ₦1,405 […]
Nigeria Spends ₦7.7tn on Debt Interest in Six Months, Exceeding Revenue by ₦1.5tn
The Federal Government spent ₦7.7tn on debt interest payments between January and June 2026, exceeding its total revenue of ₦6.2tn by ₦1.5tn, according to the […]
Dangote Ready for Court Fight Over Kenya Refinery
Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has said his business group is prepared to face legal challenges over its investments, […]
Crude Oil Price Drops to $105 as Qatar Brokers US-Iran Talks
Crude oil prices fell on Tuesday after rising sharply a day earlier, as renewed diplomatic efforts between the United States and Iran raised hopes of […]
UK, Canada strengthen cooperation on trade, defence and AI
The United Kingdom and Canada have agreed to strengthen cooperation in trade, defence and artificial intelligence following talks between their prime ministers in the UK. […]
Dangote Refinery May Stop Selling Petrol to Importing Marketers
The Dangote Petroleum Refinery and Petrochemicals is considering restricting the sale of Premium Motor Spirit (PMS) to major oil marketers that continue to import petrol […]