Category: Business
BOI Bond Oversubscription Signals Growing Investor Confidence in Nigeria’s Economy
The Bank of Industry (BOI) has recorded strong demand for its maiden ₦250 billion Series 1 Fixed Rate Bond, with the offer becoming oversubscribed within five working days in a development the bank says reflects growing confidence in Nigeria’s domestic capital market and its economic outlook. Bank of Industry The bond was issued through BOI…
FCCPC Raises Concern Over Possible Cement Price Manipulation in Nigeria
The Federal Competition and Consumer Protection Commission has raised concerns over possible price manipulation and other anti-competitive practices in Nigeria’s cement market, following a three-month cross-border investigation that found significant price disparities between Nigeria and other African markets. The Federal Competition and Consumer Protection Commission (FCCPC) says preliminary findings from its investigation into Nigeria’s cement…
Paramount Seeks $1.9bn Bond From States Challenging Warner Bros Merger
Paramount Skydance has asked a US court to require California and 11 other states, along with the Writers Guild of America, to post a nearly $1.9 billion surety bond to cover potential losses arising from their legal efforts to block its proposed merger with Warner Bros. Discovery. The request was filed on Monday as the…
Nigeria’s Inflation Rate Drops To 15.43% As Food Inflation Rises To 20.31%
Nigeria’s headline inflation rate fell to 15.43 per cent in July 2026, down from 15.91 per cent in June, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The NBS said the July figure represents a 0.48 percentage-point decline from the June rate, indicating a…
Nigeria-China Trade Hits $18bn As Exports To China Rise 80%
Nigeria’s bilateral trade with China reached $18 billion in the first half of 2026, while Nigerian exports to the Asian country rose by 80 per cent to $2.3 billion, following the implementation of China’s zero-tariff policy for African countries. Chinese Ambassador to Nigeria, Yu Dunhai, disclosed the figures on Monday, saying the increase reflected the…
Iran Blames US Military Presence For Gulf Pollution, Demands Compensation
Iran has blamed the United States’ military presence and wars in the region for environmental pollution in the Persian Gulf and Gulf of Oman, calling for Washington to be held accountable for what it described as extensive damage to the marine environment. Iranian Foreign Ministry spokesman Esmaeil Baqaei made the accusation on Monday while addressing…
FG Moves To Repurpose Over 4,000 Abandoned Mining Pits In Plateau
The Federal Government has begun moves to turn more than 4,000 abandoned mining pits across Plateau State into productive economic assets, following the death of seven people in the collapse of an old tin mine at Kassa, Barkin Ladi Local Government Area. File photo of the Minister of Solid Minerals Development, Dele Alake Minister of…
Ebonyi Lawmakers Seek Legislation To Sustain IFAD-VCDP Gains For Farmers
The Ebonyi State House of Assembly has pledged continued legislative backing for the International Fund for Agricultural Development’s Value Chain Development Programme (IFAD-VCDP), following an assessment of its interventions in rural communities across the state. The commitment was made by the Assembly’s Committee on Agriculture and Natural Resources during an oversight visit to the programme’s…
Governor Sule Seals Fresh $2m Lithium Investment Deal With Chinese Firm
Nasarawa State Governor Abdullahi Sule has secured a fresh $2 million lithium investment deal with a Chinese company, assuring investors of government support while pledging to protect jobs and keep the company’s operations fully functional. FILE: Nasarawa State Governor Abdullahi Sule Governor Abdullahi Sule of Nasarawa State has presided over the signing of a supplementary…
Naira Weakens Slightly To ₦1,364.83/$1 As Forex Market Holds Steady
The naira recorded a marginal decline against the dollar on Friday, trading at ₦1,364.83/$1 compared with ₦1,357.65/$1 recorded the previous day, according to Central Bank of Nigeria data. A man exchanges Nigeria’s currency Naira for US dollars in Lagos, Nigeria (Photo by PIUS UTOMI EKPEI – AFP) The naira traded at ₦1,364.83 to the US…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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