News

African online retailer Jumia has secured 50 million dollars in fresh cash to keep its business growing. The World Bank's private sector unit, IFC, put up half the funds while telecom group Axian backed the rest. The financial...

The Central Bank of Nigeria raised interest rates on its one-year Treasury bill to 17.59% at Wednesday's auction. Investors flooded the bank with ₦4.4 trillion in total bids even though only ₦700 billion was originally put up for...

ECOWAS is turning to carbon trading to tackle a $294bn climate finance shortfall threatening West Africa’s development. About 32 million people could be forced into internal displacement as rising temperatures intensify climate pressures across the region. The bloc...

Paul Ibe accuses President Tinubu of deploying anti-graft agencies and security institutions against opposition figures instead of fighting corruption. Atiku's spokesman cites Nasir El-Rufai's 178-day detention and contrasts it with Senator Francis Fadahunsi's continued freedom despite his controversial...

Air Peace says it lost more than ₦2 billion after aviation unions' airport picketing crippled its operations, urging the Federal Government to launch a full-scale investigation into the disruption. The airline alleges it was unfairly singled out over...

Nigeria has failed the United States' minimum fiscal transparency assessment for the second consecutive year, with Washington concluding that the Federal Government made no significant progress in improving budget openness, financial disclosure and accountability throughout 2025. The U.S....

The SEC has fixed 5:00 p.m. on the first business day after a trade as the settlement deadline for equities and commodities transactions cleared through CSCS. Foreign portfolio investors will not be required to pre-fund trades, but brokers...

Omoyele Sowore has criticised the continued detention of former Kaduna governor Nasir El-Rufai. The AAC presidential candidate described the detention as political vendetta rather than justice. His comments triggered a heated debate on X, with users divided over...

Nigeria's opposition is divided over a proposal to field a single presidential candidate against Bola Tinubu in 2027. Atiku Abubakar and Peter Obi have yet to commit to the August 18 opposition summit in Abuja. The Labour Party...

Police arrest five suspected drug dealers during raid on criminal hideout in Mbak Itam, Ikot Mbang. Substances suspected to be Indian hemp, Tramadol, Loud and Ice recovered alongside ₦42,000 cash. Command says Operation Zero Black Spot will continue...