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Xenophobic attacks: AfCFTA under threat as Nigeria, S/Africa deepen diplomatic row over compensation for displaced Nigerians
Nigeria’s Minister of Foreign Affairs, Mrs Bianca Odumegwu-Ojukwu Brewing diplomatic row between two of the continent’s biggest economies now threatens the world’s largest free trade agreement by number of countries, the African Continental Free Trade Agreement (AfCFTA) as Nigeria and…
‘Nigeria can no longer depend solely on DisCos,’ as FG plans nationwide utility-scale renewable energy
Federal Government has disclosed plans to create Renewable Energy Service Companies (RESCos) across the country to drive access to electricity for more households. Government said the RESCos are expected to compete directly with existing electricity distribution companies (DisCos) over the…
Strong H1 2026 report firms Sterling Financial among NGX top five gainers
Investors kept faith with the Sterling Financial Holdings Company Plc, Thursday, lifting its shares up by 7% and into the ranks of the Nigerian Exchange (NGX) top gainers, days after the HoldCo unveiled a stronger set of half-year results. Sterling…
AIICO meets fresh regulatory benchmark, retains composite license, as Q2 results grow
(From right): Commissioner For Insurance/CEO, National Insurance Commission (NAICOM), Mr Olusegun Omosehin, presenting the new operational licence to Mr. Babatunde Fajemirokun, the MD/CEO of AIICO Insurance Plc AIICO Insurance Plc has received a new operational licence from sector regulator, the…
CBN places four banks ‘under close regulatory supervision’ over failure to meet March 31 recapitalisation deadline
Central Bank of Nigeria (CBN) says it has placed four commercial banks under ‘close regulatory supervision’ over their failure to meet the March 31, 2026 recapitalisation deadline set for various categories of operators in the country. CBN it would be…
ECOWAS endorses $27bn Nigeria-Morocco Gas Pipeline project
Barely a month after Algeria kicked off work on its section of a proposed 4,100km long Trans-Saharan Gas Pipeline (TSGP) project involving Nigeria-Niger-Algeria, leaders of the West African sub-region have unanimously approved take-off of the Nigeria-Morocco Gas Pipeline (NMGP) also…
UK gets new PM, as Starmer steps down
King Charles III of Great Britain, Monday, officially appointed Mr. Andy Burnham as the new Prime Minister following the resignation of Keir Starmer. Starmer officially stepped down after tendering his resignation to the monarch at Buckingham Palace, paving the way…
ECOWAS gets new chairman, as Nigeria demands entire continent’s condemnation of xenophobic attacks in S/Africa
Nigeria’s President, Bola Tinubu has called on leaders of the Economic Community of West African States (ECOWAS), as well as other African countries to unanimously condemn the ongoing Afrophobic and xenophobia attacks on black immigrants in South Africa. According to…
NRS fixes deadline for national e-invoicing, electronic fiscal system compliance
Nigeria Revenue Service (NRS) has set a July 31 deadline for all large taxpayers to wholly adopt the national e-invoicing and electronic fiscal system (EFS). This follows a public notice issued by NRS on February 17, 2026, on the implementation…
CBN unveils fresh guidelines for BDC operators accessing forex
Central Bank of Nigeria (CBN) has released new operational rules on how licensed Bureau de Change (BDC) operators can acquire foreign exchange from the market. In a circular signed by Aderinola Shonekan, the CBN’s Director of Trade and Exchange Department,…
