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Tax Burden, Rising Operating Costs Cap Infinity Trust’s H1 Profit Growth At 28%

August 4, 2026

Infinity Trust Mortgage Bank reported N4.03 billion in revenue in the first half (H1) of 2026, exceeding the N2.79 billion posted in H1 2025 by 44.40 percent. The company also grew interest income by 59.58 percent year-on-year, according to Prime Business Africa’s

Worries As Oil Price Crash, Low Production Threaten Nigeria’s 2025 Budget

Business News·News·Oil & Gas·Top Stories

HPCL Taps Nigerian Crude Grades for Rajasthan Refinery as India Diversifies Oil Supply

August 4, 2026

India’s state-owned Hindustan Petroleum Corporation Limited (HPCL) has purchased two million barrels of Nigerian crude oil through a tender for its 180,000-barrel-per-day refinery in Rajasthan, according to trade sources. The cargo comprises Nigeria’s Okwuibome and Utapate crude grades, which were supplied by

Africa·Finance & Economy·News·Top Stories

Ruto Unveils Kenya’s 2060 Growth Blueprint, Targets Asian-Style Economic Transformation

August 4, 2026

Kenyan President William Ruto has renewed his call for accelerated economic transformation, saying Kenya can transition from a lower-middle-income to an upper-middle-income economy by adopting the development strategies that propelled South Korea and China into global economic powerhouse, Prime Business Africa reports.

Kenya's Top Lawyers Sue Tanzania At East African Court Over Border Rights Violations

Africa·News

Tanzania Launches Vision 2050 Implementation Framework, Puts Private Sector at Centre of Development Drive

August 4, 2026

President Samia Suluhu Hassan has launched the implementation framework for Tanzania’s Development Vision 2050, positioning the private sector as the principal driver of the country’s long-term strategy to build a high-income, industrialised economy by mid-century, Prime Business Africa reports. Speaking at

Dollar Rate Rises By N4, Pound Trades At N1,804/£, Euro Sells At N1,545/€

Business News·Top Stories

Dollar Rate Drops As Naira Stabilises Against Pound, Euro In FX Markets

August 3, 2026

The foreign exchange (FX) traders reduced the official FX rate of the United States dollar (USD) to N1,364.83 kobo per $1 in the Nigerian foreign exchange market (NFEM) on Monday. Dollar: USD Rate Drops By N3 To N1,364/$ In a NFEM data

Business News·Top Stories

Stock Market Rebounds With N288bn Gain, Transactions Drop To N37bn

August 3, 2026

The value of the Nigerian stock market increased to N158.61 trillion on Monday, from Friday’s N158.32 trillion. While the market capitalisation grew by N288.43 billion, the all-share index (ASI) appreciated by 446.85 basis points, rising from 245,283.68 ASI to 245,730.53 index. The

News·Top Stories

SPIN Warns Against Narrowing Sustainability to Corporate Reporting

August 3, 2026

The Sustainability Professionals Institute of Nigeria (SPIN) has urged the Financial Reporting Council of Nigeria (FRC) to focus on regulating corporate sustainability reporting, warning against positioning itself as the authority on sustainability practice or competing with the professionals it regulates, Prime Business

Africa·News·Top Stories

Nigeria Showcases Military Diplomacy at Benin’s 66th Independence Anniversary

August 3, 2026

The Nigerian Army delivered a standout performance at the Republic of Benin’s 66th Independence Anniversary celebration in Cotonou, underscoring Nigeria’s commitment to military diplomacy and deepening bilateral and regional cooperation, Prime Business Africa reports. The event, held at the iconic Amazone,

Opinion·Politics·Top Stories

When the Cassock Abandons the Pulpit: The Bishops’ Partisan Mirage and Opposition Echoes

August 3, 2026

HISTORY has never been kind to institutions that mistake political opportunism for moral clarity. When the leadership of the Catholic Bishops’ Conference of Nigeria (CBCN), led by Most Rev. Matthew Ndagoso, accompanied by Archbishop Emeritus John Cardinal Onaiyekan, stepped into the State

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Latest

Tax Burden, Rising Operating Costs Cap Infinity Trust’s H1 Profit Growth At 28%

HPCL Taps Nigerian Crude Grades for Rajasthan Refinery as India Diversifies Oil Supply

Ruto Unveils Kenya’s 2060 Growth Blueprint, Targets Asian-Style Economic Transformation

Tanzania Launches Vision 2050 Implementation Framework, Puts Private Sector at Centre of Development Drive

Dollar Rate Drops As Naira Stabilises Against Pound, Euro In FX Markets

Stock Market Rebounds With N288bn Gain, Transactions Drop To N37bn

SPIN Warns Against Narrowing Sustainability to Corporate Reporting

Nigeria Showcases Military Diplomacy at Benin’s 66th Independence Anniversary

When the Cassock Abandons the Pulpit: The Bishops’ Partisan Mirage and Opposition Echoes

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