Retail investor participation in sovereign debt instruments experienced a slight moderation as the latest FG savings bond allotment drops by 8.5% to N6.12 billion in October 2026. According to subscription data released by the Debt Management Office (DMO) on Monday,…
The Nigerian National Petroleum Company Limited is actively accelerating its initial public offering preparations as NNPC IPO plans and governance reforms take center stage ahead of a potential capital market listing. Also read BREAKING: NNPCL Stations Cut Petrol Prices After…
In a coordinated effort to target scam networks operating in West Africa, Meta claims to have deleted over 3.7 million accounts, pages, and groups from Facebook and Instagram. Meta stated on its website on Tuesday that 14 additional IT firms…
Federal authorities have compressed the window available for individuals to contest legal revocations as the US refugee status termination deadline drops from 30 days down to 10 days. According to an interim final rule issued by the Department of Homeland…
Equities trading on the Nigerian Exchange saw a sharp upward move as Guinea Insurance’s share price rallied over 43 percent during the first half of October 2026. Driven by renewed buying interest from institutional and retail investors, the insurer’s stock climbed…
Regulatory authorities have intensified consumer protection enforcement after NAFDAC raids Aba shops and uncovers illegal stockpiles of counterfeit beverage packaging materials valued at over N200 million. Acting on credible intelligence reports, operatives from the National Agency for Food and Drug…
Shell Petroleum B.V. has formally announced the sale of its full interest in Shell Nigeria Gas Group to Vaaris Energy Limited, a Nigerian company. In a statement issued on Tuesday, Shell confirmed that Vaaris Energy will assume control of its…
To support its objective of generating over three million jobs and adding $100 billion to Nigeria’s gross domestic product by 2030, the Federal Government has introduced a digital tourism platform designed to attract investment into the nation’s tourism and creative…
Undetected Fraud in West Africa Exceeds N1 Billion in First Half of 2026 More than N1 billion in undetected fraud in West Africa bypassed automated security defenses during the first six months of 2026. According to findings from cybersecurity firm…
Federal authorities and the African Development Bank (AfDB) have agreed to conduct a comprehensive review of the country’s Nigeria AfDB project portfolio review to clear implementation bottlenecks and accelerate delivery. According to official institutional disclosures, the extensive portfolio encompasses 55…
Financial technology major OPay has recorded a significant milestone, posting a net profit of $90.9 million in the first half of 2026 as OPay lending revenue and profit surpass traditional payment transaction fees. According to regulatory filings submitted ahead of…
Naira Holds Firm Near N1,333 as Foreign Exchange Turnover Swings The local currency maintained relative stability, trading near N1,333 per dollar on Monday, October 12, 2026, even as reported transaction volume in the official foreign exchange market experienced notable fluctuations.…
State-owned carrier Ibom Air executive directors’ appointment decisions mark a major step in the airline’s long-term expansion plans across West African flight corridors. According to official board disclosures released on October 12, 2026, the company appointed Mr. Mfon Udomah as…
OPay Digital Services Limited has secured board and shareholder approval to pursue a secondary listing on the Nigerian Exchange Limited (NGX) following its planned initial public offering (IPO) on the New York Stock Exchange (NYSE). The move is expected to…
Amazon founder Jeff Bezos has reclaimed the title of world’s second-richest individual as the Jeff Bezos net worth rise 2026 added $122 billion to his total fortune over the past year. According to updated figures from the Bloomberg Billionaires Index,…
