Tuesday, April 21, 2026
Nigeria’s public debt in race to N100trn by June, warn analysts
Debt builds up on unabating borrowings ONOME AMUGE IN LAGOS, NIGERIA With grim statistics showing unabating borrowings by the...
Read moreDetailsGlobal business insolvencies to stabilise higher in 2025 after accelerating in 2024
5 challenges make 2024 year of reality check for firms, economy PHILLIP ISAKPA IN LONDON, UK Average global business insolvencies,...
Read moreDetailsOil edges higher as concerns over supply disruptions mount
Business a.m. Tensions between Russia and Ukraine, and in the Middle East, led to a surge in oil prices on...
Read moreDetailsFIRS charges Binance with tax evasion, as executives allegedly flee Nigeria
Business a.m. The Federal Inland Revenue Service (FIRS) in Abuja has filed a legal case against the cryptocurrency exchange Binance,...
Read moreDetailsNigeria pushes pan-West African protection for undersea cables amid recent disruptions
Business a.m. Reporter Nigeria has begun a push for the establishment of a pan-West African initiative that could lead to...
Read moreDetailsSub-Saharan Africa leads the way as global music industry revenue hits $28.6bn
Onome Amuge The recorded music market in sub-Saharan Africa experienced unprecedented growth in 2023,as the region saw the highest growth...
Read moreDetailsStates in N1.7trn debt to FG for budget support loans
Business a.m. The finances of Nigeria's 36 states and the Federal Capital Territory are in a precarious state, as they...
Read moreDetailsCommodity traders reap $100bn in profits as industry shows resilience amid global turmoil
Onome Amuge The commodities trading sector has had a roller-coaster ride over the years, but 2023 proved to be a...
Read moreDetailsCBN Unlocks $7 Billion Stuck in Foreign Exchange Transactions
Business a.m. The Central Bank of Nigeria (CBN) has announced that it has fulfilled its promise to process the backlog...
Read moreDetailsPetroleum subsidy reform fuels 23.5% increase in FAAC allocation to N10.14trn
Business a.m. The repeal of the petroleum subsidy gave rise to a striking upsurge in the revenue allocation from the...
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