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Lagos, July 7, 2026 – The Nigeria Revenue Service (NRS) recorded N21.6 trillion revenue in the first six months of 2026, The revenue represents a 49 per cent increase over the N28.3 trillion revenue generated in corresponding period in 2025. This was reported by the Economic Snapshot Report 2023 vs 2026, a review of economic performance under President Bola Tinubu. According to the report, the country has been recording successive increases in revenue generation since assumption of President Tinubu from N12.3 trillion in 2023 to N21 trillion in 2024 and …

By – DataPro Ltd Lagos, July 7, 2026 – Economic development is often discussed in terms of infrastructure, industrialisation, innovation, and public policy. Yet behind each of these lies a common requirement: capital. Businesses need financing to expand production, governments require funding to build infrastructure, and entrepreneurs depend on investment to transform ideas into enterprises. The availability of capital, however, is only part of the equation. More important is investors’ and lenders’ willingness to commit to it. In financial markets, capital does not simply follow opportunity; it follows confidence. This …

Washington, July 7, 2026 – President Trump rang the opening bell on Monday from the Oval Office at an event to promote the new investment accounts bearing his name. Surrounded by Cabinet members, CEOs and a cluster of smiling kids, Trump rang a large gold bell on his desk, marking two firsts, according to the White House: the first time the Nasdaq and NYSE held a joint opening, and the first time the markets were opened from the Oval Office. “Our president is creating an ownership economy where all citizens …

Lagos, July 7, 2026 – The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Ghana Maritime Authority (GMA) have signed a Memorandum of Understanding (MoU) to strengthen bilateral maritime cooperation. The MoU is also to enhance regional maritime governance, and promote the sustainable development of the Blue Economy across West Africa. Speaking during the signing ceremony in Lagos, the Director General of NIMASA, Dr. Dayo Mobereola, expressed appreciation to Ghana for its support during Nigeria’s successful re-election to the International Maritime Organization (IMO) Category Council. Mobereola expressed optimism that …

Abuja, July 7, 2026 – The federal government has reduced import tariffs on used vehicles from 15 per cent to five per cent and on brand-new vehicles from 20 per cent to 10 per cent.  Adewale Adeniyi, the Comptroller-General of the Nigeria Customs Service (NCS), announced this on Monday when he appeared before the House of Representatives Committee on Customs and Excise to defend the service’s budget proposal for 2026. “We have the new excise tariff, which is provided in the 2026 fiscal policy. We believe that these measures will increase …

Washington, July 7, 2026 – Microsoft said on Monday it would cut 4,800 jobs, or ​about 2.1% of its global workforce, overhauling its Xbox gaming business and divesting up to five studios as it looks to ‌boost returns after years of heavy investment in the division. The restructuring of its gaming division will involve 3,200 job cuts, including laying off 1,600 employees on Monday. Despite spending tens of billions of dollars to expand Xbox, including its blockbuster acquisition of Activision Blizzard, Microsoft has struggled to narrow the gap with Sony’s PlayStation, …

Lagos, July 7, 2026 – The Nigerian currency, Naira, appreciated slightly to N1,368.2664 to the dollar at the official foreign exchange market on Monday. The exchange rate was N1,370.1904 to the dollar on Friday when the market closed for the week. Bid rates quoted by dealars at the market on Monday ranged from N1,366 and N1,371.90 to the dollar. Meanwhile, the naira is being exchanged at the back market in Lagos between N1,404 and N1,410 to the dollar.

Singapore, July 7, 2026 – Oil prices edged higher on Tuesday, though gains were capped as traders ‌looked beyond easing geopolitical tensions in the Middle East and turned their attention to supply increases and demand prospects. Brent crude futures gained 38 cents, or 0.5%, to $72.37 a barrel, while U.S. West Texas Intermediate crude rose 30 cents, or 0.4%, to $68.85 a barrel as of 0350 GMT, after settling down at ​around pre-Iran war levels on Monday. “The steps towards recovery in supply have eased the immediate risk premium, but …

Lagos, July 6, 2026 – Polaris Bank has reaffirmed its commitment to advancing ethical journalism and strengthening media professionalism with the successful hosting of the 12th edition of its Annual Media Capacity Seminar, themed “Rebuilding Trust and Reinventing Storytelling in the Age of AI.” The virtual seminar, held via Microsoft Teams, brought together more than 650 journalists, editors, publishers, media executives, and communication professionals from across Nigeria for engaging discussions on the future of journalism in an era increasingly shaped by artificial intelligence. With this year’s edition, Polaris Bank’s Annual …

Lagos, July 6, 2026 – Credit strength and financial performance do not always evolve in tandem. A company may report stable earnings, moderate leverage, and consistent cash flows, while underlying credit conditions are already shifting. Conversely, periods of weaker financial performance may reflect transitional industry pressures rather than a fundamental deterioration in credit quality. This divergence reflects an important feature of credit analysis: financial statements capture realised outcomes, while credit assessments incorporate expectations about how those outcomes are likely to evolve. Between the two sits the operating environment, and at …