Tuesday, August 4, 2026
Business News
FG inaugurates council to attract $575bn gas investments
The Federal Government, on Friday, inaugurated the Governing Council of the Midstream and Downstream Gas Infrastructure Fund, which has the target of attracting $575bn investments in the Nigerian gas sector....
Read moreDetailsMarket Continues Resurgence with ASI Closing Week at 101,330.85 Points
The upward trend observed throughout the week on the NGX persisted, with the market's All-Share Index (ASI) further appreciating by 995.55 points, representing a 0.99% increase, to close at 101,330.85...
Read moreDetailsCBN Reports Quadrupling of FX Remittances to $1.3 Billion in February
The Central Bank of Nigeria (CBN) has announced a substantial surge in overseas remittances into the country, reaching $1.3 billion in February 2024, a significant increase from $300 million in...
Read moreDetailsAfCFTA: Nigeria commences export to S’Africa, others in April
Nigeria is to begin the formal export of locally produced commodities to South Africa, Rwanda, Cameroon and Kenya from next month under the Guided Trade Initiative of the African Continental...
Read moreDetailsTinubu suspends REA boss, directors over alleged N1.2bn fraud
President Bola Tinubu has indefinitely suspended the Managing Director/Chief Executive Officer of the Rural Electrification Agency, Ahmad Salihijo, alongside three executive directors of the agency, from office. This followed “new...
Read moreDetailsNPA generated N501bn revenue in 2023 – Bello-Koko
The Nigerian Ports Authority has said that its annual revenue grew to N501bn in 2023 from N361bn in the prior year. The Managing Director of NPA, Mohammed Bello-Koko, in a...
Read moreDetailsCBN Partners with Gluwa to Boost eNaira Adoption Through Blockchain Technology
The Central Bank of Nigeria (CBN) has taken a significant step towards enhancing the adoption of Nigeria's digital currency, eNaira, by signing a Memorandum of Understanding (MoU) with blockchain firm...
Read moreDetailsSurge in ASI to 100,000 Points Sparks N420 Billion Gain in Equity
There are breaking records in the Nigerian stock market. The NGX All-Share Index (ASI) catapulted to an unprecedented 100,335.3 points, marking a remarkable surge of 743.66 points. This surge, reminiscent...
Read moreDetailsForex market recorded $4bn turnover in January – Report
The official foreign exchange market, the Nigerian Autonomous Foreign Exchange Market, witnessed a 40.46 per cent drop in turnover to $4.37bn (N4.03tn) in January from $7.34bn recorded in December 2023....
Read moreDetailsNational tax crimes commission bill passes second reading
The House of Representatives on Wednesday passed a bill seeking the establishment of the National Tax Crimes Commission to address revenue leakages in tax management and administration in the country....
Read moreDetails
Copyright © 2025