Australia has announced a major Australian visa rules update aimed at tightening migration controls across multiple temporary visa categories. Home Affairs Minister Tony Burke outlined the reforms at the National Press Club in Canberra, detailing strict limits on international students,…
Nigeria’s subnational states domestic debt growth rose significantly in the second quarter of 2026. Official figures reveal that local obligations climbed by N67.57 billion. Consequently, total domestic debt across all 36 states and the Federal Capital Territory reached N4.59 trillion.…
A sweeping Nigerian seaport modernization plan has received official approval, paving the way for major infrastructure upgrades across regional maritime corridors. Minister of Marine and Blue Economy Adegboyega Oyetola confirmed that the program covers four existing ports outside Lagos, alongside…
CBN’s September OMO auctions drew massive investor interest, attracting N20.58 trillion in total subscriptions across four sales rounds . Despite initial offering targets totaling just N3.9 trillion, the Central Bank ultimately allotted N12.823 trillion to institutional and retail investors. Also read Nigerian…
The Federal Government has approved the full modernization and upgrade of the Onne port, Delta, and Calabar seaports. According to a statement shared on X by the Minister of Marine and Blue Economy, Adegboyega Oyetola, the approval expands upon the…
A strategic initiative driving MDGIF private gas investment in Nigeria has deployed N671 billion in seed capital to secure N1.6 trillion in private sector commitments. Executive Director Oluwole Adama revealed the milestone at the 2026 Association of Energy Correspondents Abuja…
A massive Seplat Energy share price surge pushed the stock to a record peak of N16,000 per share on the Nigerian Exchange Limited. Closing up N1,092.20 in a single trading session, the energy firm extended a remarkable rally that reflects…
Regulators are directing underwriters to prioritize NAICOM insurance claims technology and growth initiatives following the successful completion of the industry-wide recapitalization drive [1]. Speaking at the 2026 BusinessDay Insurance Conference in Lagos, Commissioner for Insurance Olusegun Ayo Omosehin urged insurance…
A successful Coronation Insurance capital injection in Nigeria reaching N9.2 billion has set the underwriter up to take on much larger corporate risks. Following a virtual Extraordinary General Meeting, shareholders backed a private placement to strengthen the firm’s balance sheet.…
The temporary Bamboo app downtime during IPO occurred when retail investor demand soared beyond ten times normal levels within minutes of the Dangote Refinery public offer going live. Chief Executive Officer Richmond Bassey confirmed that user traffic quickly overwhelmed the…
The planned nationwide edible oil tanker drivers strike has been officially suspended following direct intervention from the Federal Government and the Department of State Services. Scheduled to begin on September 23, 2026, the industrial action threatened to disrupt essential food…
Central Bank Governor Olayemi Cardoso announced that monetary authorities stand ready to tame rising election liquidity risks in Nigeria. Addressing journalists following the 307th Monetary Policy Committee meeting in Abuja, Cardoso confirmed that the apex bank completed detailed simulations on…
African payment gateway Flutterwave appoints Morounke Olufemi as CFO to direct its international financial trajectory and accelerate long-term expansion. She succeeds outgoing finance head Mitesh Popat, who stepped down after two years to launch an enterprise media venture. Olufemi previously…
African payments firm Flutterwave appoints Morounke Olufemi as CFO to lead its global financial operations into a new phase of expansion. The executive step-up follows the planned departure of former Citi banker Mitesh Popat, who stepped down to launch a…
Addressing election liquidity risks in Nigeria has become a top priority for monetary authorities as political activities pick up momentum. Central Bank of Nigeria Governor Olayemi Cardoso confirmed that the apex bank is fully prepared to manage heavy political spending…
