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business News

Protecting a lifetime of savings: why Nigeria needs Retirement Vulnerability Checks
business

Protecting a lifetime of savings: why Nigeria needs Retirement Vulnerability Checks

Protecting a lifetime of savings: why Nigeria needs Retirement Vulnerability Checks The post Protecting a lifetime of savings: why Nigeria needs Retirement Vulnerability Checks app

Aug 24, 20261 min read
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Africa’s 10 busiest airports account for 8.35 million seats in August
business

Africa’s 10 busiest airports account for 8.35 million seats in August

Africa’s 10 busiest airports accounted for a combined 8.35 million scheduled departing seats in August 2026. The post Africa’s 10 busiest airports account for 8.35 million seats in

Aug 24, 20261 min read
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NGX Market Correction offers fresh price discovery after 53.81% YTD rally
business

NGX Market Correction offers fresh price discovery after 53.81% YTD rally

The correction in Nigerian equities is shifting the market from broad-based momentum towards more selective price discovery after a rally that lifted the NGX All-Share Index by 53.

Aug 24, 20261 min read
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Afreximbank profit jumps 30% to $535 million as lending swells
business

Afreximbank profit jumps 30% to $535 million as lending swells

The African Export-Import Bank (Afreximbank) has reported a net income of $534.7 million for the first half of 2026, representing a 30% increase from the $412.7 million recorded in

Aug 24, 20261 min read
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Naira outlook brightens as US dollar index nears 5-month low
business

Naira outlook brightens as US dollar index nears 5-month low

Nigerian Naira's strengthening prospects continue, supported by Nigeria's macroeconomic fundamentals improvement and the global decline in the strength of the greenback. The post N

Aug 24, 20261 min read
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Best performing Money Market Funds in Nigeria as of July 2026
business

Best performing Money Market Funds in Nigeria as of July 2026

Nigeria's money market fund segment expanded to a net asset value (NAV) of N6.27 trillion as of July 31, 2026, up 4.96% from N5.97 trillion recorded in June, continuing its steady

Aug 24, 20261 min read
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Fast fashion retailer, Shein valuation falls to $27 billion in Hong Kong IPO
business

Fast fashion retailer, Shein valuation falls to $27 billion in Hong Kong IPO

Shein, the fast-fashion retailer known for selling low-cost clothing to shoppers around the world, is heading to the Hong Kong stock market at a valuation roughly 70% below its pre

Aug 24, 20261 min read
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Tinubu renews tenure of NTA director-general, NAN managing director
business

Tinubu renews tenure of NTA director-general, NAN managing director

President Bola Tinubu has renewed the tenure of the Director-General of the Nigerian Television Authority, Abdulhamid Salihu Dembos, and the Managing Director of the News Agency of

Aug 24, 20261 min read
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Access Holdings stock rebounds 35% from low. Earnings must accelerate further
business

Access Holdings stock rebounds 35% from low. Earnings must accelerate further

Access Holdings has grown into one of Nigeria’s largest financial institutions, with a balance sheet exceeding N53 trillion, the largest among listed Nigerian banks. The post Acces

Aug 24, 20261 min read
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Tax crimes, fraud dominate Nigeria’s financial crime reports in 2025 – NFIU
business

Tax crimes, fraud dominate Nigeria’s financial crime reports in 2025 – NFIU

Tax crimes and fraud accounted for over 50% of financial crime intelligence reports disseminated to law enforcement and regulatory authorities in Nigeria in 2025. The post Tax crim

Aug 24, 20261 min read
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NICA wants FG to inject N2 trillion into credit guarantee company
business

NICA wants FG to inject N2 trillion into credit guarantee company

The National Institute of Credit Administration (NICA) has called on the Federal Government to immediately capitalise the National Credit Guarantee Company (NCGC) with N2 trillion

Aug 23, 20261 min read
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NDLEA arrests 101-year-old great-grandmother, intercepts N4.4 billion worth of illicit drugs
business

NDLEA arrests 101-year-old great-grandmother, intercepts N4.4 billion worth of illicit drugs

The National Drug Law Enforcement Agency (NDLEA) has arrested a 101-year-old great-grandmother for allegedly dealing in cannabis and intercepted consignments of illicit drugs worth

Aug 23, 20261 min read
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Lagos proposes new wastewater, faecal sludge rates and charges
business

Lagos proposes new wastewater, faecal sludge rates and charges

The Lagos State Government, through the Lagos State Wastewater Management Office (LSWMO), has proposed new rates and charges for wastewater and faecal sludge management across the

Aug 23, 20261 min read
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Premier League transfer spending surpasses €2.7 billion, exceeding La Liga, Serie A and Bundesliga combined
business

Premier League transfer spending surpasses €2.7 billion, exceeding La Liga, Serie A and Bundesliga combined

Premier League clubs have spent over a combined €2.7 billion on player transfers this summer, exceeding the total amount spent by clubs in Spain's La Liga, Germany's Bundesliga and

Aug 23, 20261 min read
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Meet the owners of the most expensive restaurants in Abuja
business

Meet the owners of the most expensive restaurants in Abuja

Abuja, Nigeria’s capital, is increasingly becoming a hub for luxury dining, as a growing population of affluent residents, diplomats, expatriates and corporate executives fuels dem

Aug 23, 20261 min read
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CPPE warns against reversing reforms, says Nigeria must turn stability into jobs
business

CPPE warns against reversing reforms, says Nigeria must turn stability into jobs

The Centre for the Promotion of Private Enterprise (CPPE) has warned that reversing Nigeria’s economic reforms would damage the economy and urged the government to shift its focus

Aug 23, 20261 min read
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Nigeria’s creatives lose half their workweek to admin, payment delays, report finds
business

Nigeria’s creatives lose half their workweek to admin, payment delays, report finds

Nearly one in five Nigerian creative professionals spend more than half of their weekly working time on non-creative administrative tasks, limiting the time available for actual cr

Aug 23, 20261 min read
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South Africa’s richest man, Johann Rupert, is $1.3 billion richer in 2026
business

South Africa’s richest man, Johann Rupert, is $1.3 billion richer in 2026

Johann Rupert, South Africa’s richest person, has added $1.3 billion to his fortune in 2026, as his wealth continues to be tied closely to the performance of luxury goods and inves

Aug 23, 20261 min read
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