Lead report
Moniepoint to wind down UK-focused MonieWorld remittance service
The Nigerian fintech says the decision follows a review of its portfolio and long-term priorities, less than 18 months after MonieWorld launched for Nigerians in the UK.
BriefingAfrica desk
Economy & Business
Verified reports · Nigeria prioritised · Latest updates first
Economy & Business
Nine electricity distributors reported to rely on government support
A BusinessDay report points to N3 trillion in aid over 31 months and regulatory intervention at Kaduna Electricity Distribution Company, but the available evidence does not specify how the support was allocated.
Economy & Business
AFC subsidiary launches $150m Nigeria infrastructure fund
AFC Capital Partners has introduced a climate-resilient infrastructure fund aimed at mobilising domestic capital, although investment terms and funding commitments have not been disclosed in the available report.
Economy & Business
Nigeria’s seaborne fuel exports rise seven-fold as Dangote output increases
BusinessDay, citing the US Energy Information Administration, reports that petroleum product exports by sea have expanded sharply since 2023 alongside rising production at the Dangote refinery.
Economy & Business
Investor bids overwhelm CBN bill offer carrying 20% yield
Nearly ₦5 trillion pursued a ₦600 billion Central Bank of Nigeria bill auction, but available evidence leaves the reported reinvestment challenge unexplained.
Economy & Business
BusinessDay opinion calls for an end to Nigerian government sports funding
The commentary argues that directing public money to sport should not automatically be treated as genuine sports development, but the available summary provides no spending figures or proposed alternative model.
Economy & Business
Ayodeji Odumosu becomes Rotary Club of Ogudu GRA’s 20th president
The leadership investiture coincided with the Lagos-based club’s 20th anniversary, although details of the new president’s programme were not provided.
Economy & Business
Nigeria expects Bonga South-West Aparo agreements to unlock at least $21bn
The government’s investment expectation follows the execution of PSC and DSA addenda involving NNPC and contractor parties to OML 118, although details of the commitments and development timetable remain undisclosed.
Economy & Business
Nigeria’s repeated grid collapses put spotlight on solar power
BusinessDay says the national grid failed twice in the first two months of 2026 and nearly 140 times over an unspecified period, but the available evidence does not detail the five factors behind its outlook for solar.
Economy & Business
Atiku seeks disclosure from Tinubu administration on proposed use of $5bn loan
The former vice-president has asked the federal government to explain how the referenced borrowing will be deployed, but details of the loan and the administration’s response were not included in the available report.
Economy & Business
Renewed NNPC market-listing plan draws call for faster action
A BusinessDay Nigeria editorial welcomes the proposed listing of NNPC Limited on the Nigerian Exchange but argues that the country has already lost too much time.
Economy & Business
Men account for nearly four in five initial paternity-test enquiries in Nigeria
Smart DNA reported that males made 78.6% of first contacts, while 23.6% of paternity tests returned negative results, according to BusinessDay Nigeria.
Economy & Business
CITN district plans annual tax training for six Rivers undergraduates
The initiative is intended to deepen knowledge of tax arbitration, administration and governance among students in the state’s tertiary institutions.
Economy & Business
BusinessDay Nigeria lists its 24 August 2026 edition
The available listing identifies a dated BusinessDay e-edition, but provides no details about the reports, analysis or other material it contains.
Economy & Business
Nigeria’s governments receive N47tn in reported reform-era revenue surge
A BusinessDay report says public finances have shifted markedly since President Bola Tinubu took office, increasing pressure on state governors to turn higher revenues into results.
Economy & Business
Vitafoam named among Nigeria’s Top 50 Companies of Impact for 2026
BusinessDay reports that Vitafoam Nigeria Plc received the recognition following a ₦21.2 billion profit and its record on innovation and corporate contribution.
Economy & Business
Key details missing from report on post-recapitalisation reform
BusinessDay Nigeria says an apex monetary authority has completed a major economic and financial-sector reform, but the supplied evidence does not identify the measures, affected institutions or expected outcomes.
Economy & Business
DevEast holds sixth entrepreneurship gathering for southern Nigeria
The initiative brought students, educators, entrepreneurs and business mentors together as it continued its focus on entrepreneurship development in the South-East and South-South.
Technology
Nigeria clears MTN’s IHS transaction subject to stake reduction
The approval requires MTN to sell up to 30% of its holding in the Nigerian component of IHS at market prices over time.
Africa
Nextier analysis links betting growth to hardship risks in West Africa
The policy analysis warns that gambling in low-income communities in Nigeria, Ghana and Sierra Leone is worsening financial pressure on young people and may contribute to debt, unrest and some crime.
Africa
Nigeria’s information minister warns against restoring petrol subsidy
Mohammed Idris says bringing back the subsidy would undo economic gains, but the available reports provide no details of the gains or proposals under discussion.
Africa
AAC candidate says Hamzat’s advice is no substitute for housing policy
The candidate rejected suggestions that young Lagos workers unable to afford housing should live with parents or share accommodation.
Politics
Atiku campaign says proposed petrol subsidy would target lower prices
Campaign spokesperson Kenneth Okonkwo says the former vice-president’s proposal differs from Nigeria’s previous subsidy system, but operational details remain unclear.
Africa
Opinion articles challenge Atiku over claimed subsidy reversal
Commentary published by P.M. News and republished through AllAfrica argues that Atiku’s reported subsidy promise would revive a costly and corruption-prone system, but the supplied reports do not detail his proposal.
Africa
Mohammed Idris warns against reviving Nigeria’s petrol subsidy
Idris argues that renewed calls to restore the subsidy should be weighed against the economic gains he says Nigeria has made through reform.
Economy & Business
Experts link strong public speaking to career and business opportunities
Communication specialists say the ability to present ideas effectively can support professional success, create economic opportunities and strengthen social cohesion.
Economy & Business
Iran’s established trade ties could shape its response to renewed US pressure
Years of American sanctions have pushed Iran to develop strong economic relationships with several countries, but available evidence does not identify its main partners or explain the measures described as an ‘economic D-Day’.
Economy & Business
Federal government announces 2026/2027 unity college admission list
Successful candidates have been offered admission at the junior secondary level, but available information does not specify how applicants can check their status.
Economy & Business
Anita Zugwai Chukwu ends YPP bid for 2027 presidency
The Young Progressives Party candidate has withdrawn from the race, with rising insecurity cited as the reason for her decision.
Economy & Business
Jersey records 1.2% increase in inflation-adjusted earnings
Statistics Jersey says the reported rise in earnings after inflation was slightly below the island’s long-term annual average.
World
China pledges to protect its interests as US expands Iran sanctions
Washington has threatened to isolate countries that continue doing business with Tehran, while Beijing remains a major buyer of Iranian oil.
Economy & Business
OnlyFans owner received more than $700m before dying
A BBC Business report says the owner of the subscription platform was paid over $700m, although the available evidence does not identify the owner or explain the payments.
World
Trump threatens higher vehicle tariffs as US-Canada tensions deepen
Mark Carney says trade discussions will resume only if Washington adopts the “right attitude”, while accusing Trump of seeking to damage Canada’s auto industry.
Economy & Business
Drought cuts apple harvests to a fraction of normal levels
Some orchards are gathering only one-tenth of their usual crop, leaving little fruit available for cider production and raising questions about their future.
Economy & Business
Autumn Budget tax plans remain open as Burnham avoids ruling out increases
A BBC Business report says Burnham has left open the possibility of tax rises, while experts warn that he and Chancellor John Healey may have limited room to shape their first Budget.
Economy & Business
Pre-1997 Gurkha retirees and families press pension disparity claim
Gurkhas who left service before 1997 receive substantially less than comparable British Army retirees, according to a BBC Business report, but the size and basis of the difference remain unclear.
Technology
African tech M&A reaches 84 deals with disclosed value estimated at $11.4bn
TechCabal reports a sharp rise in consolidation across Africa’s digital economy as fintechs pursue banking licences and established platforms consider overseas listings.
Economy & Business
Tanzania’s sovereign credit outlook turns positive after Fitch review
The ratings agency cited stronger foreign-exchange reserves, manageable fiscal deficits and economic growth when revising the country’s outlook from stable.
World
Canada’s reliance on US trade raises questions over its retaliatory leverage
Canada sells about 70% of its goods to the United States, complicating questions about how it could exert economic pressure as the trade dispute intensifies.
Economy & Business
Trump announces temporary US beef import opening of up to 300,000 tonnes
The plan comes as beef prices rise, but details on eligible suppliers, implementation and the duration of the market opening have not been disclosed.
Economy & Business
Sabi Workman takes top spot in BusinessDay teen entrepreneurship programme
The latest CEO Apprentice programme ended after six days of intensive activities intended to introduce teenagers to entrepreneurship.
Economy & Business
Some US restaurants turn against tipping over fairness concerns
A small but unspecified group of eateries is moving towards no-tip service, challenging a practice that remains central to American dining culture.
Economy & Business
APGA alleges foul play after elderly supporter dies in Ebonyi
The party says the supporter had been in good health, but available reporting does not identify the deceased or explain the circumstances of the death.
Economy & Business
King Charles III and threatened Scottish grouse feature on new 10p coin
The redesigned 10p has entered circulation, although details about its availability and the number issued have not been provided.
Economy & Business
Hardware constraints cloud Africa’s push to deploy AI at scale
Africa’s interest in artificial intelligence is increasing, but limited evidence leaves open how hardware challenges could affect the move from ambition to large-scale deployment.
Economy & Business
Business rates calculations for pubs and hotels face possible changes
A review in England and Wales could result in reform of the system used to calculate rates, although no proposed changes have yet been detailed.
Economy & Business
English regions secure housing funds under £39bn programme
The plan is expected to support 70,000 social and affordable homes, with Greater Manchester, the West Midlands, West Yorkshire and London among the areas receiving funding.
Economy & Business
Graduate vacancies nearly halve as listings fall to lowest level since 2016
A survey by job site Adzuna points to a sharp annual decline in graduate opportunities, although the available evidence does not provide vacancy totals or explain what drove the fall.
Economy & Business
Rail companies face £5m legal claim over derailment spill
More than 400,000 litres of fuel reportedly escaped after a train derailment, in an incident described as an environmental disaster.
Economy & Business
Saudi-backed €6bn investment clears way for manga-themed park near Paris
A manga-inspired attraction is among three new parks given the green light following a multibillion-euro investment from Saudi Arabia.
Economy & Business
Bicester discovery revives a 1971 promise of beer for a penny
Ellie Mead found a card offering one pint of best beer if an accompanying penny was returned, according to BBC Business.
Economy & Business
Hull uniform reuse initiative reports sharp rise in demand
Doreen’s repurposes used school clothing and distributes it free to families across Hull and East Yorkshire.
Technology
Prime minister condemns online sharing of wrong-way driving footage
The government has called on TikTok and other social media companies to remove videos showing dangerous wrong-way driving.
Economy & Business
Shein targets near-$27bn value for Hong Kong market debut
The fast-fashion company is preparing for its shares to begin trading in Hong Kong on 1 September.
Economy & Business
Canadian and US firms fear losses as import taxes escalate
Business owners on both sides of the border face mounting uncertainty as Canada and the United States impose tit-for-tat import taxes.
World
US pledges sweeping campaign to isolate Iran financially
Treasury Secretary Scott Bessent says Washington will cut all economic ties with Iran and isolate countries that continue financial partnerships with Tehran.
Economy & Business
Al-Hilal enter discussions with Arsenal over Martinelli
The Saudi Pro League club are exploring a move for the Brazilian winger, with Galatasaray also linked to his future.