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business News

Boko Haram, Lakurawa exploit Nigeria’s security gaps as threats spread, SBM warns
business

Boko Haram, Lakurawa exploit Nigeria’s security gaps as threats spread, SBM warns

Nigeria’s security crisis is widening as insurgent groups, criminal gangs and politically linked armed actors continue to exploit gaps in state security across several regions, acc

Aug 23, 20261 min read
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Apapa Customs records N28.1 billion in single-day revenue
business

Apapa Customs records N28.1 billion in single-day revenue

The Nigeria Customs Service (NCS), Apapa Area Command, recorded N28.1 billion in revenue in a single day on August 18, 2026, setting a new record for the command. The post Apapa Cu

Aug 23, 20261 min read
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Bitcoin surges to highest level since May as US policy fuels crypto rally
business

Bitcoin surges to highest level since May as US policy fuels crypto rally

Bitcoin (BTC) is seeing a big macro-driven breakout, through the $78K mark for its best price since May. Bitcoin posted its best weekly gain in more than three years as traders ass

Aug 23, 20261 min read
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Best performing Nigerian stocks for the week ended August 21, 2026
business

Best performing Nigerian stocks for the week ended August 21, 2026

Nigerian equities extended their correction for a second straight week, with the benchmark NGX All-Share Index (ASI) declining 3,268.04 points, or 1.35%, to close at 239,351.16 poi

Aug 23, 20261 min read
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Navy dismantles 3 illegal refineries, recovers 91,000 litres of crude oil in Rivers
business

Navy dismantles 3 illegal refineries, recovers 91,000 litres of crude oil in Rivers

The Nigerian Navy, under Operation DELTA SENTINEL, has dismantled three illegal refining sites in the Okolomade and Ogbogolo areas of Rivers State and recovered approximately 91,00

Aug 23, 20261 min read
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Canada ends U.S. trade talks as Carney announces dollar-for-dollar tariffs
business

Canada ends U.S. trade talks as Carney announces dollar-for-dollar tariffs

Canada has ended its latest trade negotiations with the United States and will impose dollar-for-dollar tariffs on U.S. goods in response to new American duties on Canadian product

Aug 22, 20261 min read
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Africa’s top 10 airlines account for 8.08 million seats in August
business

Africa’s top 10 airlines account for 8.08 million seats in August

The 10 largest carriers operating in Africa accounted for 8.08 million scheduled departing seats in August 2026, highlighting the concentration of airline capacity among the larges

Aug 22, 20261 min read
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FG approves two new satellites to cut Nigeria’s reliance on foreign infrastructure
business

FG approves two new satellites to cut Nigeria’s reliance on foreign infrastructure

The Federal Executive Council has approved the acquisition and deployment of two next-generation High-Throughput Communication Satellites, NIGCOMSAT-2A and NIGCOMSAT-2B. The post F

Aug 22, 20261 min read
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FG has invested over N3.8 trillion in IT infrastructure since 2023 — NITDA DG
business

FG has invested over N3.8 trillion in IT infrastructure since 2023 — NITDA DG

The Federal Government has invested more than N3.8 trillion in information technology infrastructure since 2023, the Director-General of the National Information Technology Develop

Aug 22, 20261 min read
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SBM warns Plateau reprisal attacks could escalate into high-intensity conflict
business

SBM warns Plateau reprisal attacks could escalate into high-intensity conflict

SB Morgen Intelligence (SBMI) has warned that continued reprisal attacks between armed Fulani and Berom/Mwaghavul groups in Plateau State could push the conflict into a high-intens

Aug 22, 20261 min read
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SEC proposes N1 million limit per issuer, N10 million annual cap for retail crypto investors
business

SEC proposes N1 million limit per issuer, N10 million annual cap for retail crypto investors

The Securities and Exchange Commission (SEC) has proposed limits on the amount retail investors can invest in digital asset offerings, including a N1 million cap per issuer and a N

Aug 22, 20261 min read
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Nigeria is building more data centres, but power and water could decide who survives
business

Nigeria is building more data centres, but power and water could decide who survives

Nigeria's data centre market is rapidly becoming the backbone of West Africa's digital economy, and the growth is accelerating faster than most observers anticipated. The post Nige

Aug 22, 20261 min read
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Sahara turns 30: What lies ahead
business

Sahara turns 30: What lies ahead

When Sahara Energy Resources launched in 1996, its focus was petroleum-product trading. Two years later, it moved its trading operations from Lagos to Geneva, Switzerland, opening

Aug 22, 20261 min read
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NITDA: Traditional regulations can no longer guarantee Nigeria’s financial stability
business

NITDA: Traditional regulations can no longer guarantee Nigeria’s financial stability

Nigeria’s financial stability can no longer be guaranteed through traditional regulatory approaches, and its ability to maintain the stability and integrity of the financial system

Aug 22, 20261 min read
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Stanbic IBTC’s privacy judgment is a warning to every brand holding customer data
business

Stanbic IBTC’s privacy judgment is a warning to every brand holding customer data

On 29 July 2026, a Federal Capital Territory High Court ordered Stanbic IBTC Bank to pay N15 million in general damages to two former customers, David Ogundipe and Salami Tolulope

Aug 22, 20261 min read
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Financial Literacy: EKSU set to graduate pioneer cohort of Securities Trading Diploma Programme
business

Financial Literacy: EKSU set to graduate pioneer cohort of Securities Trading Diploma Programme

A significant number of finance graduates seeking roles in the financial sector lack the critical and practical skills required to succeed in modern capital markets, the Chancellor

Aug 22, 20261 min read
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FG moves to reshape Nigeria’s 339 innovation hubs with new framework
business

FG moves to reshape Nigeria’s 339 innovation hubs with new framework

The Federal Government, through the National Information Technology Development Agency (NITDA), is developing a National Innovation Hub Standards Framework to establish common stan

Aug 22, 20261 min read
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DStv, GOtv subscribers face activation delays as Premier League returns
business

DStv, GOtv subscribers face activation delays as Premier League returns

Nigerian subscribers to MultiChoice Nigeria’s cable TV services, DStv and GOtv, have reported delays in the activation of their subscriptions despite making payments. The post DStv

Aug 22, 20261 min read
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