
FINANCE NEWS
- Uganda arrests 7 persons over alleged $70,000 Fake Gold scam targeting Nigerian businessman
The Ugandan authorities have detained seven individuals accused of defrauding a Nigerian businessman of $70,000 in an elaborate counterfeit gold scheme, showing the persistence of precious metals fraud across East Africa’s informal trading networks. The post Uganda arrests 7 persons over alleged $70,000 Fake Gold scam targeting Nigerian businessman appeared first on Nairametrics.
- EIA signals crude oil prices could drop below $60 by Q4
Global crude oil tracked by Brent futures has fallen sharply, losing over 7% in August and extending its year-to-date decline to more than 11% in 2025. The post EIA signals crude oil prices could drop below $60 by Q4 appeared first on Nairametrics.
- AI startup Perplexity offers to buy Google’s Chrome browser at $34.5 billion
AI-powered search startup Perplexity has thrown a bold punch at the heart of Google’s internet dominance, making an unsolicited $34.5 billion offer to buy the Chrome web browser. The post AI startup Perplexity offers to buy Google’s Chrome browser at $34.5 billion appeared first on Nairametrics.
- FG, airlines to lift Ibom Air passenger’s lifetime ban, cut Wasiu Ayinde suspension to one month
The Federal Government and airline operators have agreed to lift the lifetime flying ban placed on an Ibom Air passenger, Comfort Emmanson, and cut the suspension of Fuji music icon Wasiu Ayinde (KWAM 1) to one month. Minister of Aviation and Aerospace Development, Festus Keyamo, disclosed this via his official X account on Wednesday, stating The post FG, airlines to lift Ibom Air passenger’s lifetime ban, cut Wasiu Ayinde suspension to one month appeared first on Nairametrics.
- FG launches virtual tool to improve Code of Conduct compliance among public officers
The Federal Government has introduced a virtual interactive platform designed to improve understanding and enforcement of the Code of Conduct for public officers across Nigeria. The platform was officially launched on Tuesday in Abuja by the Head of the Civil Service of the Federation (HCSF), Mrs. Didi Walson-Jack. Mrs. Walson-Jack described the initiative as a The post FG launches virtual tool to improve Code of Conduct compliance among public officers appeared first on Nairametrics.
- Oman eases residency rules with flexible multi-year permits
Oman has overhauled its residency permit system, introducing flexible validity durations and streamlined fees for expatriate residence cards. The post Oman eases residency rules with flexible multi-year permits appeared first on Nairametrics.
- NLC urges FG to sell crude to Dangote in Naira, commends refinery’s output
The Nigeria Labour Congress (NLC) has urged the Federal Government to prioritise selling crude oil to the Dangote Refinery in Naira, saying the move would help reduce fuel prices and strengthen local refining capacity. The post NLC urges FG to sell crude to Dangote in Naira, commends refinery’s output appeared first on Nairametrics.
- High interest rates: Nigerian corporates are paying more to borrow less
Nigeria’s biggest listed companies are grappling with a painful paradox: paying sharply higher interest bills even as they shrink their debt piles. The post High interest rates: Nigerian corporates are paying more to borrow less appeared first on Nairametrics.
- UK government adds 15 more countries to fast-track deportation list for foreign offenders
The UK government has expanded its fast-track deportation scheme for convicted foreign offenders by adding 15 new countries under the ‘Deport Now, Appeal Later’ policy. The post UK government adds 15 more countries to fast-track deportation list for foreign offenders appeared first on Nairametrics.
- Gavi pledges $3 million investment to strengthen routine immunization and primary healthcare in Kaduna
Gavi, the Vaccine Alliance, has announced a $3 million investment over the next two years to strengthen routine immunization and primary health care in Kaduna State. The post Gavi pledges $3 million investment to strengthen routine immunization and primary healthcare in Kaduna appeared first on Nairametrics.
- Lagos announces traffic diversion on Osborne Road from August 15 to 17 for drainage works
The Lagos State Government has announced a traffic diversion on Osborne Road in Ikoyi from August 15 to 17 to facilitate drainage connection works. The post Lagos announces traffic diversion on Osborne Road from August 15 to 17 for drainage works appeared first on Nairametrics.
- Lagos to roll out digital house numbering system in Ikeja next week
The Lagos State Government will begin the pilot phase of its digital house numbering system, known as the Identifier Project, in Ikeja next week. The post Lagos to roll out digital house numbering system in Ikeja next week appeared first on Nairametrics.
- Tinubu appoints Idris Olorunnimbe as Chairman of NCC, constitutes Board for USPF
President Bola Ahmed Tinubu has appointed Idris Olorunnimbe as the new Chairman of the Nigerian Communications Commission (NCC), Nigeria’s telecommunications regulator. The post Tinubu appoints Idris Olorunnimbe as Chairman of NCC, constitutes Board for USPF appeared first on Nairametrics.
- Kuwait introduces four new tourist visa categories to simplify travel for international visitors
Kuwait has launched a new tourist visa system that breaks down entry into four distinct categories, aimed at making travel easier and more flexible for different types of visitors. The post Kuwait introduces four new tourist visa categories to simplify travel for international visitors appeared first on Nairametrics.
- FIRS, Nigeria Customs team up to fast-track National Single Window project ahead of 2026 deadline
The Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) have intensified joint efforts to deliver the Nigerian National Single Window (NSW) platform within the government’s Q1 2026 deadline. The post FIRS, Nigeria Customs team up to fast-track National Single Window project ahead of 2026 deadline appeared first on Nairametrics.