Thursday, October 8, 2026

Economy

July 22, 2026

MPC rate to keep capital market stable, says stockbroker

The committee retained the monetary policy rate (MPR) at 26.5 per cent at the end of its 306th meeting on Tuesday.

Central Bank of Nigeria Logo
July 22, 2026

Saudi oil tankers make U-turn in Red Sea as Houthi militants threaten attack

Three oil tankers carrying Saudi crude to China and India made U-turns in the Red Sea on Tuesday following a threatened attack from Yemen’s Iran-aligned Houthi militia.

HOUTHI MILITANTS
July 22, 2026

China decries EU’s fine on AliExpress

China’s Ministry of Commerce on Wednesday expressed strong dissatisfaction and serious concern over the European Commission’s decision to fine AliExpress €550 million.

AliExpress
July 22, 2026

Otti praises Tinubu’s harsh economic reforms, says Nigerians’ hardship necessary

“Today, a lot of states are not owing salaries…. A lot of states are able to empower people to produce rather than consume,” said Mr Otti.

Otti standing with Tinubu
July 22, 2026

Dutchford: NUPRC awards Nigeria’s lucrative oil block to Bola Tinubu’s lover Olatimbo Ayinde

Ms Ayinde, a British-Nigerian oil businesswoman, on trial in the United Kingdom for cross-border criminal conspiracy and wields a strong influence in the Tinubu administration.

Olatimbo Ayinde, President Bola Tinubu
July 22, 2026

Addis Ababa becomes leading African tourism destination

Addis Ababa, the capital of Ethiopia, is rapidly establishing itself as one of Africa’s fastest-growing tourism destinations.

Ethiopian Airlines
July 22, 2026

Navy uncovers nine illegal refineries in Rivers

Five newly excavated pits, prepared for imminent use, were also found and neutralised before they could become operational.

illegal refining sites
July 22, 2026

Rigged 2027 presidential election could spell doom for Nigeria: Sam Amadi

“A rigged election in 2027 could be the trigger for a very devastating outcome for the country,’’ Sam Amadi warned.

Atiku Abubakar, Bola Tinubu and Peter Obi
July 22, 2026

Gov Yahaya commends Ashaka Cement’s contributions to development of Gombe

Governor Inuwa Yahaya commended Ashaka Cement for its contributions to Gombe’s socio-economic development and industrial growth.

Gombe governor Yahaya Inuwa
July 22, 2026

CIIN, insurance CEOs back renaming NAICOM

CIIN and insurance CEOs have endorsed the Senate’s passage of a bill to rename the National Insurance Commission as the Insurance Regulatory Commission.

NAICOM