CBN Report Reveals N134bn Lost to Banking Fraud
Nigeria lost N134.48bn to banking fraud between 2020 and 2025, per CBN report. Losses peaked in 2024 at N52.26bn due to a major internal case, then dropped in 2025 amid stricter controls.
Category : Business
Nigerian Stock Market Falls for Second Straight Day
The Nigerian stock market declined for a second consecutive day as investors engaged in profit-taking, with the All-Share Index dropping by 3,397.80 points and market capitalization losing N2.179 trillion.
2026 Crypto Mining Review: 5 Platforms Including ASDeFi
A review of five cryptocurrency mining platforms in 2026, highlighting ASDeFi's AI-driven cloud mining system, security, and global ecosystem. Includes step-by-step guide.
Four Key Things You Need to Enjoy Nigeria's FreeTV
Nigeria's FreeTV offers 100+ channels with no monthly fees, but setup costs and legal concerns arise. Learn what you need to get started.
Oil Prices Hit Lowest Since US-Iran Conflict
Oil prices fell sharply on Thursday, June 18, dropping to their lowest since the US-Iran conflict, as a US-Iran agreement boosted supply prospects.
Exported Dangote Fuel Returns to Nigeria via Togo Hub
S&P Global reveals Nigerian marketers import Dangote refinery products via Lomé, Togo, with 70-80% of sea-borne fuel coming from the refinery between March and May 2026.
IMF Warns Stablecoins Could Undermine Naira and Monetary Policy
The IMF warns that growing use of US dollar stablecoins in Nigeria could weaken demand for naira and undermine monetary policy, posing risks to financial integrity.
Nigeria's Health Sector: Progress After 27 Years of Democracy
After 27 years of democracy, Nigeria's health sector shows progress in workforce, immunization, and financial protection, but challenges remain in implementation and sustainability.
World Bank: Apapa, Tin Can Among Top 20 Improved Ports
The World Bank has recognized Apapa and Tin Can Island ports in Lagos as among the 20 most improved ports globally in its latest Container Port Performance Index.
Enugu Airport Concession to Boost $30bn Economy Goal
The concession of Enugu airport is expected to support the state's ambitious $30 billion economy target, according to an official. The move aims to attract investment and improve infrastructure.
ACAMB Marks 30th Anniversary with Tree-Planting in Lagos (19.06.2026)
The Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) kicked off its 30th anniversary with a tree-planting exercise in Lekki, Lagos, promoting environmental sustainability and industry unity.
Navy Uncovers Hidden Oil Storage Site, Recovers 17,000 Litres
The Nigerian Navy has uncovered a hidden storage site in the South-South region, recovering 17,000 litres of crude oil and arresting suspects involved in oil theft.
Awka Households Lament Soaring Cooking Gas Prices
Residents of Awka, Anambra State, are grappling with high cooking gas prices, now N1,700 per kg, and call for government intervention to ease the burden.
NCDMB Hosts Ghana National Oil Coy on Local Content Study
The Nigerian Content Development and Monitoring Board (NCDMB) hosted a delegation from Ghana National Petroleum Corporation for a benchmarking study on local content implementation in the oil and gas sector.
Nigeria's AfCFTA Strategy: Ambition, Progress, and Delivery
Ehi Braimah examines Nigeria's AfCFTA strategy, highlighting progress in trade under the Guided Trade Initiative and challenges like weak infrastructure, logistics, and private sector readiness.
Nigeria Nuclear Power Plans Alive: IAEA DG
The International Atomic Energy Agency (IAEA) confirms Nigeria's nuclear power programme remains active despite delays, with ongoing support from the agency.
Access to Financing Biggest Challenge for African Aviation
Nigeria's Minister of Aviation, Festus Keyamo, identifies access to financing as the biggest challenge facing the African aviation sector, calling for innovative solutions.
Aircraft Leasing Firm to Accept Naira Payments
Nigeria's new aircraft leasing company will allow local airlines to pay in naira, reducing forex pressure and boosting the aviation sector.
JustMarkets Launches SpaceX Stocks CFDs Trading
JustMarkets announces the launch of SpaceX stocks and CFDs trading, allowing clients to trade shares of the private space exploration company.
UK Court Acquits Ex-Minister Diezani of Bribery Charges
A UK court has acquitted Nigeria's former petroleum minister, Diezani Alison-Madueke, of bribery charges, ending a long-running legal battle.
Xenergi Launches Tender Offer for Premier Paints Shares
Xenergi, the new core investor in Premier Paints, has initiated a tender offer to acquire minority shares, aiming to consolidate ownership and drive growth.
Ebonyi charcoal dealers boom as gas prices soar
Charcoal dealers in Ebonyi State report a significant sales increase as rising cooking gas prices push households to cheaper alternatives like charcoal and firewood.
Air Peace Plane Grounded After Bird Strike in Kano
An Air Peace aircraft was grounded after a bird strike upon landing in Kano. The airline deployed an alternative plane to minimize disruption, emphasizing safety.
FirstHoldCo Completes N45 Billion Private Placement Tranche
FirstHoldCo Plc has completed the N45 billion second tranche of its N350 billion Private Placement, with proceeds to be injected into FirstBank to strengthen its capital base ahead of the 2026 deadline.
Enugu gas sellers lament low patronage amid price hike
Cooking gas sellers in Enugu State report low patronage due to high LPG prices, forcing residents to switch to charcoal. Retailers appeal to the government for intervention.
Ethereum Casino Payments: Risk Control for Canadians
Ethereum casino payments add technical complexity. Canadian players must prioritize jurisdictional rules, identity checks, and responsible gambling over speed or convenience.
Smarter Investing in Volatile Nigerian Market for Wealth
Learn how Nigerian investors can build wealth despite inflation, currency fluctuations, and market volatility through diversification, fixed income, equities, and disciplined strategies.
ETK Launches Momentum Platform in Lagos for Business Capacity
ETK has launched Momentum, a technology-enabled platform to strengthen organisational capacity, climate risk management, and access to finance, starting in Lagos with UK FCDO and ANDE support.
Standard Bank Plans $15.4 Billion Investment in African Firms
Standard Bank Group plans to increase investments in mid-sized African companies, targeting $15.4 billion in revenue from Nigeria, Ghana, Kenya, Uganda, and Tanzania.
Bayelsa yet to decide tariff for 60MW power plant
Bayelsa State Government has not yet decided on tariffs for its new 60MW gas-fired power plant. Residents raise concerns over PHEDC's revenue drive and lack of metering.
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