The Association of Chief Audit Executives of Banks in Nigeria completed a nine-day international training and study tour focused on preparing the country's financial institutions for the implementation of Open Banking.
The Nigeria Police Force has arrested twenty-one suspects in connection with cybercrime and fraud investigations. The operations include a case involving the alleged manipulation of MTN Nigeria's billing system, alongside other cyber-related offenses.
Audit executives have warned that marginalising internal audit functions can lead to dire consequences for businesses. Festus Ogunmokun, a former chief audit executive at West African Portland Cement Company, emphasized the critical role of internal audits in safeguarding organizational truth and corporate governance.
The Nigerian Senate has approved the proposed one billion dollar acquisition of Lafarge Africa Plc by Chinese cement manufacturer Huaxin. The approval was granted despite concerns raised by some lawmakers regarding the ownership structure of the remaining sixty-six percent equity in the company.
@gtbank GTCO, is there a particular reason your staff at GT Fund Managers do not respond to enquiries? They don’t respond to emails, calls. They just go silent on customers as if customers do not matter to them?
How else does one get help there.
The Kogi State Electricity Regulatory Commission has initiated discussions with Geregu Power Plc to improve the state's power supply. The partnership focuses on establishing a commercially viable local electricity market and implementing direct off-take agreements to benefit industries and residential areas.
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Automotive Gas Oil, commonly known as diesel, has experienced significant price increases across major Nigerian cities including Lagos, Port Harcourt, and Warri. Conversely, Premium Motor Spirit prices have remained relatively stable despite geopolitical tensions and pressure from the conflict in the Middle East.
The Nigerian stock market has emerged as the world's best-performing equity market in dollar terms this year, overtaking South Korea. According to Bloomberg data, the benchmark equity index yielded a sixty-seven percent return, driven by positive investor reaction to the country's macroeconomic outlook and ongoing economic reforms.
Nigeria has gained admission as an Association Country of the International Energy Agency, a milestone expected to unlock new energy investments and enhance policy collaboration opportunities for the country's energy sector.
Dangote Cement Plc has reaffirmed its commitment to low-carbon cement production. Group Managing Director Arvind Pathak urged African producers to accelerate decarbonisation while expanding capacity to meet infrastructure demand, speaking at the Global Cement and Concrete Association strategic dialogue.
The Nigerian naira maintained a relatively steady exchange rate against the United States dollar on July 10, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market, as traders monitored foreign exchange liquidity and market demand.
Nigeria's solid minerals exports rose to 354 billion Naira in 2025, representing a significant increase from 117.29 billion Naira recorded in 2023. Additionally, revenue generated for the Federation Account from the solid minerals sector grew to over 70 billion Naira.
Airtel Africa Plc shareholders have approved a final dividend of 4.26 U.S. cents per ordinary share during the company's 2026 Annual General Meeting. Shareholders also endorsed all other resolutions presented by the board at the meeting held on July 9, 2026.