Stock Market Opens Week Positive, Investors Gain N234.7bn
The Nigerian equities market opened the week with a 0.33% gain, adding N234.7 billion to investors' wealth, driven by renewed buying interest in large and mid-cap stocks.
Category : Business
MTN Launches One TV in Nigeria with Pay-as-You-Go Streaming
MTN launches One TV in Nigeria, a streaming platform allowing pay-as-you-go via airtime or mobile money, targeting 307 million subscribers across Africa with flexible content access.
Sam Bankman-Fried Seeks Trump Pardon
Sam Bankman-Fried, FTX founder serving 25 years for fraud, has applied for a presidential pardon from Donald Trump. The request is pending.
Three dead in Warri-Itakpe train derailment
The Nigerian Railway Corporation confirms three fatalities after the Warri-Itakpe train derailed in Agbor, Delta State, with four coaches off the track.
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Tinubu Ends Optasia's 12-Year Monopoly in Airtime Credit
President Tinubu directs FCCPC to dismantle Optasia's monopoly in Nigeria's airtime credit and data advance market, aiming to boost local fintech and stem capital flight.
Sanwo-Olu Pitches Lagos as Africa's Investment Hub
Governor Babajide Sanwo-Olu targets ₦4 trillion in investments at Invest Lagos 3.0, highlighting Lagos' economic growth, infrastructure, and role as Africa's commercial gateway.
FCT Students Showcase Smart City Models at AEPB Competition
Junior secondary students in Abuja displayed innovative smart city models at an AEPB competition, promoting sustainable urban development and environmental stewardship.
MTN Nigeria Opens Data Billing to Public Scrutiny
MTN Nigeria invites public scrutiny of its data billing and network operations to address consumer concerns over data depletion and rebuild trust.
Dangote Refinery IPO as African Investment Opportunity
The Nigerian Exchange Group plans to position Dangote Refinery's IPO as an African investment, engaging exchanges across the continent to deepen regional market integration.
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Oil and Gas Gets Lowest Share of Nigeria's Capital Inflows
The oil and gas sector attracted the smallest portion of Nigeria's total capital imports in the first quarter of 2026, according to the National Bureau of Statistics.
Akwa Ibom Farmers Urged to Adopt Nature-Based Climate Solutions
Agrarian communities in Akwa Ibom have been urged to adopt tree planting and sustainable farming to mitigate climate change impacts on livelihoods and food production.
Nnimmo Bassey Calls on Edo to Protect Forests, Go Green
Environmental activist Nnimmo Bassey urges Edo State to halt deforestation, invest in renewable energy, and adopt climate justice to combat climate change impacts.
Reflections at 50: Creating Opportunities for the Next Generation
At 50, Umaru J Abu reflects on gratitude, responsibility, and the power of creating opportunities for others through mentorship and support.
Fuel costs consume 73% of Keke income in northern Nigeria
A new study reveals soaring fuel costs eat up 73% of tricycle operators' income in northern Nigeria, with 97-99% reporting lower earnings since 2023 subsidy removal.
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Zedvance Commits 100% Loans to SMEs
Zedvance's parent company Zedcrest shifts focus to SMEs, pledging 100% of its loan portfolio to support mid-market enterprises and ecosystem enablers.
UBA Wins 2026 Banker Technology Award for African Digital Banking
United Bank for Africa (UBA) has been named winner of the African category at the 2026 Banker Technology Awards, recognized for innovations in digital payments, e-business, and AI-driven cross-border banking across over 20 African markets.
IVLP Journey Reshapes Trade, Finance, and Africa Views
A Nigerian journalist's IVLP experience in the US transforms understanding of trade, development, culture, and Africa's place in the global economy.
Nigerian Stocks Drop 3.1%, Analysts See Bargain Hunting
Nigerian stocks fell 3.1% last week amid sell pressure in oil & gas and industrial goods. Analysts expect bargain hunting but caution profit-taking may persist.
Nestoil Lenders Clarify Supreme Court Ruling on Debt
Nestoil Lenders refute false claims that Supreme Court ruling absolves Nestoil of $1.08 billion debt, emphasizing recovery actions continue.
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Lagos Targets $300B GDP as Africa's Investment Hub
Lagos State Governor Babajide Sanwo-Olu reaffirms the state's ambition to become Africa's premier investment destination, targeting a $300 billion GDP through strategic investments in infrastructure, technology, and trade.
Shettima: Investment, Enterprise Key to $1tr Economy
Vice President Kashim Shettima says Nigeria's $1 trillion economy target will be driven by private enterprise, strategic investments, and coordinated reforms, with Lagos as a model.
5 Invisible Leadership Tolls That Destroy Execution
Discover the five hidden costs of leadership—fatigue, emotional drain, relationship strain, overload, and guardedness—that silently undermine strategy execution and how to overcome them.
Telcos to Invest N1.86 Trillion in Network Expansion, Dispute FDI Data
Telecom operators in Nigeria plan to invest N1.86 trillion in network expansion in 2026, disputing NBS data showing a slump in FDI. ALTON calls for a better investment tracking framework.
PNC Forum to Review 15 Years of Local Content Gains
The 15th PNC Forum will assess Nigeria's local content growth from 5% to 61%, job creation, and future strategies amid global energy shifts.
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Three Killed in Warri-Itakpe Train Derailment
Three passengers died after a train derailed on the Warri-Itakpe route. NRC emergency teams are at the scene. Also, LAMATA boosts Blue Line trips.
TCN: Transmission Capacity Exceeds Peak Generation
TCN says its transmission wheeling capacity is 8,700MW, surpassing peak generation of 5,801MW. The company has secured $1.4 billion in funding for grid expansion.
UBA Foundation Plants Trees at Lagos Schools for Environment Day
UBA Foundation marked World Environment Day by planting trees at King's College and CMS Grammar School in Lagos, launching its 2026 Tree Planting for Sustainability Initiative.
Cartoon: Nigeria's Economic Struggles in Guardian
A Guardian cartoon satirizes Nigeria's economic challenges, highlighting inflation, unemployment, and policy failures through visual commentary.
CITN Intensifies Efforts to Tax Digital Economy, Curb BEPS
The Chartered Institute of Taxation of Nigeria (CITN) is ramping up efforts to capture tax revenue from the digital economy and curb base erosion and profit shifting by multinational corporations.
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LSETF, Partners Empower Women-Led Startups at FFF Demo Day
LSETF, AfriGloCal VC, and partners championed women entrepreneurship at the Female Founders and Funders Year Three Demo Day, showcasing startups and fostering investment.
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