President Bola Ahmed Tinubu has reportedly approved a $75 million investment in Flutterwave, as the fintech firm advances plans toward a potential Initial Public Offering (IPO). The disclosure was made on Monday by the President’s Special Assistant, Dada Olusegun, through a post on social media. According to Olusegun, the investment is currently progressing, although specific […]
Joint Admissions and Matriculation Board (JAMB) has released 1,264,940 results for candidates who sat the 2026 Unified Tertiary Matriculation Examination (UTME) on April 17 and 18. The announcement was contained in the Board’s latest bulletin signed by its Public Communication Advisor, Fabian Benjamin. The UTME, conducted annually by Joint Admissions and Matriculation Board, serves as
The government of Lagos State has unveiled a new set of cybersecurity guidelines aimed at improving digital safety for businesses, government institutions, and residents as cybercrime losses in Nigeria continue to rise. The announcement was made by the Commissioner for Information and Strategy, Gbenga Omotoso, who revealed that the initiative forms part of broader efforts
Nigerian Exchange Limited (NGX) has announced an extension of its daily trading hours to 4:00 p.m., a move aimed at strengthening liquidity and increasing investor participation in Nigeria’s capital market. The development was disclosed in an emailed statement released by the exchange on Friday, April 17, 2026. The new trading schedule will take effect from
The Chief Executive Officer of Nigerian Breweries Plc, Thibaut Boidin, has warned that the Nigerian government’s proposed tax stamp policy could completely wipe out profits in the brewing industry and potentially destabilise the sector. Boidin issued the warning during the company’s 80th pre-Annual General Meeting media briefing in Lagos, where he emphasised the need for
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The government of Nigeria has raised ₦100 billion from unclaimed private funds, integrating the resources into its borrowing programme as the country’s domestic debt stock climbed to ₦80.49 trillion. The development was disclosed in the latest domestic debt report released by the Debt Management Office (DMO). The report shows that the funds were raised through
The equities market in Nigeria delivered its strongest weekly performance of 2026, with the benchmark index of the Nigerian Exchange Group (NGX) rising 6.57% for the week ended April 17, 2026. The All-Share Index (ASI) closed at 217,167.57 points, marking a historic milestone as the market crossed the 217,000 level for the first time. This
The stock market in Nigeria has reached a historic milestone as the benchmark index of the Nigerian Exchange Group (NGX) surpassed the 200,000-point mark, extending a powerful rally that has been building over the past year. The surge follows a remarkable 51.2% market return in 2025, with the All-Share Index (ASI) continuing its upward trajectory
The International Monetary Fund (IMF) has advised Nigeria to implement targeted and disciplined policy measures to cushion the growing cost-of-living pressure triggered by the ongoing tensions in the Middle East. Speaking during the presentation of the April 2026 Regional Economic Outlook for Sub-Saharan Africa, the Director of the IMF’s African Department, Abebe Aemro Selassie, outlined
The government of Nigeria has stated that it has no immediate plans to access a $50 billion financial support facility offered by the International Monetary Fund (IMF) to assist economies facing economic difficulties. Nigeria’s Minister of Finance and Coordinating Minister for the Economy, Wale Edun, made this known during a press briefing at the ongoing
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