Business

‘No yield, no interest for stablecoin holders’ – CBN

The Central Bank of Nigeria (CBN) has introduced mandatory next-business-day redemption for holders of licensed stablecoins, requiring issuers to exchange…

6 days ago

NGX investors lose N541bn as market cap drops to N161.5trn

The Nigerian stock market closed the week on a negative note on Friday, November 6, 2026, as investors lost N541…

6 days ago

Elumelu urges Africa to unlock potential via power, trade

The Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Tony Elumelu, has called on African governments and…

6 days ago

Tinubu approves Ibom Deep Seaport

President Bola Tinubu has approved the long-awaited Ibom Deep Seaport project in Akwa Ibom State, raising hopes for a major…

6 days ago

inDrive becomes exclusive ride-hailing service on Lagos Life game

Global mobility and delivery platform, inDrive, has partnered with Lagos Life, a browser-based game inspired by everyday life in Lagos,…

7 days ago

Nigeria’s external debt rises to $145bn in 10 years — World Bank

The World Bank has disclosed that Nigeria’s external debt stock stood at $145,015 billion in 2025, representing a 6.6 per…

7 days ago

Developing countries’ external debt hits record $9.4trn — World Bank

The World Bank has disclosed that external debt of developing countries rose by 5.5 per cent to a record $9.4…

7 days ago

Stock market investors lose N3.28trn in one day

Trading on the Nigerian Exchange Limited (NGX) ended negatively on Thursday, November 5, 2026, with market capitalisation falling by N3.281…

7 days ago

NAHCO posts N16.04bn profit as shareholders’ funds rise to N29.8bn in 9 months

The Nigerian Aviation Handling Company (NAHCO) Plc has recorded a net profit of N16.04 billion for the nine months ended…

7 days ago

Oil thieves steal 3.3m barrels as NUPRC revenue drops N2.1trn

Nigeria lost 3.33 million barrels of crude oil to theft in 2025, with 2.19 million barrels stolen in the final…

7 days ago

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