Business

Power failures hit 63 Ogun communities

  • 8th October 2026

Nigeria’s Eurobond repayment burden hits $6.4bn

  • 8th October 2026

Naira among Africa’s most resilient currencies in Q2

  • 8th October 2026

SEC assures fintech, digital asset operators of clear

  • 7th October 2026

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Power failures hit 63 Ogun communities

Business

Nigeria’s Eurobond repayment burden hits $6.4bn

Business

Naira among Africa’s most resilient currencies in Q2 –

Business

Meta brings Muse AI assistant to iPad after iPhone

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Business

Power failures hit 63 Ogun communities

No fewer than 63 communities and areas in Ogun State are experiencing reduced electricity supply following a load restriction on the Ota/Papa/Abeokuta 132kV network. The Ogun Region of the Ibadan Electricity Distribution Company disclosed this in a power outage notice issued to customers on Monday, saying the restriction had reduced the power available to its […]

Business

Nigeria’s Eurobond repayment burden hits $6.4bn

Nigeria faces a $6.4bn sovereign Eurobond repayment obligation between 2024 and 2030, ranking joint third among the largest repayment exposures in sub-Saharan Africa, the World Bank has said. The World Bank disclosed this in its October 2026 Africa Economic Update, titled Building AI Readiness, which examined growing debt-servicing and refinancing pressures across the continent. The […]

Business

Naira among Africa’s most resilient currencies in Q2 – World Bank

The naira ranked among Africa’s more resilient currencies in the second quarter of 2026, despite pressure from heightened geopolitical tensions and rising energy prices, the World Bank has said. According to the World Bank’s October 2026 Africa Economic Update, the naira recorded a maximum depreciation of 2.6 per cent between March and June, significantly lower […]

Tech

Meta brings Muse AI assistant to iPad after iPhone debut

Meta on Wednesday announced that its Muse AI assistant is now available as a dedicated iPad app, achieving a milestone that took Instagram nearly 15 years to reach despite persistent demand from users. Muse, however, made its debut on the iPad just one month after launching on the iPhone. Since its launch on iOS and […]

Business

SEC assures fintech, digital asset operators of clear regulatory pathways

The Securities and Exchange Commission has assured fintech and digital asset operators that it is not seeking to hinder their businesses, but rather to establish clear regulatory pathways while maintaining market stability. The SEC Director-General, Dr Emomotimi Agama, stated this on Wednesday in Abuja at the second Bi-Annual Regulator/FinTech Clinic organised by the Commission. He […]

Business

Banks withdraw N942bn from CBN’s standing deposit facility

Banks reduced their deposits with the Central Bank of Nigeria through the Standing Deposit Facility by N941.85bn to N3.76tn on October 7, 2026, marking the largest single-day decline since September 30. According to CBN data, SDF placements fell from N4.70tn on October 6 to N3.76tn the following day. The sharp drop followed a rise in […]

Business

Jaguar unveils all-electric model after controversial rebrand

Luxury carmaker Jaguar has unveiled its new all-electric vehicle, nearly two years after its controversial rebrand triggered widespread backlash on social media. The British automaker, owned by India’s Tata Motors, introduced the Type 01 at an event in New York City on Tuesday, describing it as the “most technically advanced” and “most powerful and aerodynamic” […]

Business

AI growth boom creates new risks for global economy – IMF

The technology that investors and governments are relying on to drive global economic growth is also creating new pressures that could weigh on the outlook, the head of the International Monetary Fund has warned, urging policymakers to confront difficult debt decisions. IMF Managing Director Kristalina Georgieva said at an event in Singapore on Wednesday that […]

Oil and Gas

NUPRC announces 2026 licensing round offering 40 oil blocks

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission has announced the 2026 oil licensing round, offering 40 blocks across land, shallow water and deepwater terrains as it steps up efforts to attract fresh investment into the upstream sector. The announcement came as the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said […]

Oil and Gas

PH refinery workers protest seven months’ unpaid salaries, threaten shutdown

Support Staff Union members of the Port Harcourt Refining Company have staged a protest over seven months of unpaid salaries and the failure to implement a new salary structure recently approved by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari. The workers handed NNPCL management a 48-hour ultimatum to […]

Business

Ecobank calls shareholders’ meeting over directors’ mandates

Ecobank Transnational Incorporated has convened its 39th Ordinary General Meeting, with the proposed revocation of the mandates of directors as the sole item on the agenda. The meeting is scheduled to hold via video conference on October 26, 2026, allowing shareholders to vote on a proposal that could result in changes to the leadership structure […]

Business

FG clears N758bn pension debt, pays 957,045 beneficiaries

The Federal Government has cleared inherited pension liabilities dating back to 2007 through a N758bn intervention bond, providing financial relief to 957,045 beneficiaries across the country. The Director-General of the National Pension Commission, Omolola Oloworaran, disclosed this in her keynote address, titled ‘From Reform to Reality: Renewed Hope, Pension Security for All Nigerians’, at the […]

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