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Oil Firms Remit $6.75bn, ₦1.53tn to NDDC as Senate Probes Extractive Sector Revenues

August 7, 2026

Oil and gas companies operating in Nigeria remitted $6.755 billion and ₦1.529 trillion in statutory contributions to the Niger Delta Development Commission (NDDC) between 2021 and 2025, but still have outstanding obligations of $290 million and ₦163 billion, according to Figures presented

News·Nigeria·Security·Top Stories

IGP Disu Deploys New Police Commissioners to States, Strategic Formations

August 7, 2026

Nigeria’s Inspector-General of Police (IGP), Olatunji Rilwan Disu, has approved the deployment of Commissioners of Police (CPs) to state commands and strategic formations across the country as part of efforts to strengthen operational effectiveness and advance reforms within the nation’s police force.

Africa·Finance & Economy·News·Top Stories

Uganda, Tanzania Sign Strategic MoU to Develop Tanga Energy Hub

August 7, 2026

Uganda and Tanzania have signed a strategic agreement to jointly develop the Port of Tanga into a regional energy hub, marking a significant step in their efforts to deepen energy cooperation, expand petroleum infrastructure and position East Africa as a key player

Business News·News·Transport·World News

Air India Appoints Ex-Ethiopian Airlines Chief Tewolde to Lead Turnaround

August 6, 2026

Air India has appointed former Ethiopian Airlines chief executive Tewolde Gebremariam as its new Chief Executive Officer and Managing Director, as the Tata Group-owned carrier seeks to accelerate its turnaround amid record losses, operational challenges and heightened regulatory scrutiny. The appointment

Naira Depreciates As FX Traders Increase USD, Pound, Euro Rates

Business News·Top Stories

Dollar, Pound Rates Increase In Official Window, Stable In Parallel Market

August 6, 2026

The Central Bank of Nigeria (CBN), through its Nigerian foreign exchange market (NFEM) portal, has revealed that the official dollar rate increased by N1.88 kobo to N1,364.88 kobo per $1 on Thursday, up from the N1,363.84 kobo per $1 reported on Wednesday.

NGX Rebounds With N104bn Gain, RT Briscoe, Fortis Global Lead Recovery

Business News·Top Stories

NGX Gains N827bn, Eterna, FCMB Make Gainers’ List

August 6, 2026

The Nigerian stock market rebounded with a N827.29 billion gain on Thursday, as the bourse’s market capitalisation increased to N158.27 trillion. Nigerian Exchange’s (NGX) market capitalisation increased from the N157.45 trillion recorded on Wednesday, after the all-share index (ASI) expanded by 406.51

Business News·Top Stories

Agribusiness With Highest Market Valuation: Presco Leads, Zichis Overtakes FTN Cocoa

August 6, 2026

The agricultural industry’s valuation on the Nigerian Exchange (NGX) increased to N4.16 trillion at the end of the second quarter (Q2) of 2026, exceeding the N4.12 trillion recorded at the beginning of the same period. According to Prime Business Africa’s (PBA) analysis,

News·Politics·Top Stories

‘Deeply Embarrassed by the Timing’ : Tinubu Orders EFCC to Reverse Osun Account Freeze

August 6, 2026

President Bola Ahmed Tinubu has directed the Economic and Financial Crimes Commission (EFCC) to return to court and seek the lifting of the order freezing the accounts of the Osun State Government, while discontinuing all related actions, Prime Business Africa reports. The

Health·News·Top Stories·World News

U.S. Boosts Ebola Response Funding in DR Congo as Outbreak Becomes Second Largest on Record

August 6, 2026

The United States has announced an additional $242 million in funding to support the Ebola response in eastern Democratic Republic of Congo (DRC), nearly doubling its financial commitment as health authorities battle one of the largest outbreaks of the disease ever recorded.

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Latest

Oil Firms Remit $6.75bn, ₦1.53tn to NDDC as Senate Probes Extractive Sector Revenues

IGP Disu Deploys New Police Commissioners to States, Strategic Formations

Uganda, Tanzania Sign Strategic MoU to Develop Tanga Energy Hub

Air India Appoints Ex-Ethiopian Airlines Chief Tewolde to Lead Turnaround

Dollar, Pound Rates Increase In Official Window, Stable In Parallel Market

NGX Gains N827bn, Eterna, FCMB Make Gainers’ List

Agribusiness With Highest Market Valuation: Presco Leads, Zichis Overtakes FTN Cocoa

‘Deeply Embarrassed by the Timing’ : Tinubu Orders EFCC to Reverse Osun Account Freeze

U.S. Boosts Ebola Response Funding in DR Congo as Outbreak Becomes Second Largest on Record

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