Wednesday, October 7, 2026

Economy

August 19, 2026

TMCI senior director charged with insider trading in U.S.

“When corporate insiders misuse confidential information for personal gain, they undermine the integrity of our financial system,” said U.S. attorney Jamie McDonald.

Treace Medical Concepts, Inc.
August 19, 2026

JICA: Japan commits N20 billion to expand Nigeria’s national grid

The Japanese government, through the Japan International Cooperation Agency, has committed N20 billion to expand and rehabilitate Nigeria’s national electricity grid.

Power Grid
August 19, 2026

UAE suspends trade, financial transactions with Iran

The UAE has halted all trade, commercial exchange and financial transactions with Iran after the latter attacked several UAE-owned tankers and rejected new talks with the U.S.

President of the United Arab Emirates (UAE), Mohamed bin Zayed Al Nahyan (Credit: Financial Times)
August 19, 2026

Kenya Airways fuel cost surge amid Middle East conflict

Kenya Airways says the Middle East conflict has pushed up its fuel costs by 72 per cent while delaying spare parts and aircraft maintenance.

Kenya Airways
August 19, 2026

Kano govt, Dangote Foundation sign MoU on skills acquisition centre

The Kano government has signed a memorandum of understanding with the Aliko Dangote Foundation to take over and manage the Aliko Dangote Skills Acquisition Centre for 20 years.

Aliko Dangote Foundation (ADF)
August 19, 2026

Naira appreciates further against U.S. dollar

The naira further appreciated on Tuesday in the official market, trading at N1,343.32 to the U.S. dollar.

Redesign naira notes
August 19, 2026

Cement Price Hike: FCCPC reveals possible manipulation, summons companies

FCCPC has raised the alarm over what it described as possible manipulation of cement prices in Nigeria.

Cement firms in Nigeria
August 19, 2026

Court jails two for illegal naira cash trading at Lagos event centre

The court sentenced two persons to six months’ imprisonment each after they pleaded guilty to unlawfully trading naira notes.

Court jails two for illegal naira cash trading at Lagos event centre
August 18, 2026

Dangote Refinery secures $1 billion commitment ahead of IPO launch

Dangote Refinery said it secured a $1 billion underwriting programme ahead of its planned IPO.

Dangote Refinery
August 18, 2026

21 ships to berth at three Lagos ports, NPA says

The NPA said the ships would arrive between August 18 and August 25.

Apapa port (Credit: Stears)