Naira hits N1,825/£1 as pound sterling slumps on UK’s political uncertainty
The Nigerian naira strengthened against the British pound on Nigeria’s foreign exchange market amid elevated political uncertainty in the British economy. The naira settled at about N1,825/£1 as shown…
Nigeria’s tax revenue surges 49% to N15.8 trillion in five months
Nigeria’s tax revenue increased by 49% in the first five months of 2026, outperforming government projections as sweeping tax reforms and new levies on key sectors, including petroleum and mining,…
‘Nigerian marketers import Dangote fuel via Lome hub’
Nigerian fuel marketers are increasingly importing refined petroleum products originating from the Dangote Petroleum Refinery through the offshore ship-to-ship trading hub in Lome, Togo, according to an S&P Global…
No casualties as fire guts Polaris Bank building in Lagos
A fire outbreak occurred on Thursday at a multi-storey building housing a Polaris Bank branch on Broad street in Lagos. Videos shared on social media showed thick smoke billowing from…
Femi Otedola acquires N30bn in First HoldCo, raises stake to 20%
Billionaire businessman, Femi Otedola, the chairman of First HoldCo, has acquired 680 million shares in the financial institution, raising his controlling stake in the firm to 20.42 per cent worth…
EFCC probes ‘prophet’ over alleged N70.39m fraud
The Economic and Financial Crimes Commission has commenced an investigation into a self-acclaimed prophet, Godwin Sunday Ajuluchukwucheya, popularly known as Prophet Sunday Koboko, over allegations that he defrauded members…
Fraudsters steal N134bn from banks, customers – CBN
Banks and their customers lost a combined N134.48bn to fraud between 2020 and 2025 amid a significant expansion in digital payments and financial technology adoption across the country, according…
JUST IN: Diezani Alison-Madueke cleared of all charges in UK corruption trial
Former Nigerian Oil Minister Diezani Alison-Madueke was on Wednesday found not guilty in a rare corruption trial of a high-profile former energy official. A London jury at Southwark Crown Court…
Why I married myself at 45 – Denrele Edun
Media personality and actor Denrele Edun has explained the reason for his symbolic self-marriage to mark his 45th birthday. The entertainer, born Adenrele Oluwafemi Edun, announced the unconventional union…
How the US smuggles oil out of Gulf region – Report
The United States military has overseen scores of secretive ship-to-ship oil transfers to keep Gulf energy exports flowing, using aerial and water drones as well as helicopters in an operation…
