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Dangote Refinery loses N32.5bn after petrol price cut

Petrol prices dropped due to naira-for-crude deal – Dangote

Business
Supreme Court awards N225bn against Fidelity bank to Ibadan firm

Supreme Court awards N225bn against Fidelity bank to Ibadan

News

Microsoft introduces autonomous AI agent in GitHub Copilot

Tech

May & Baker urges FG to ensure prompt payment

Business

Blog

Dangote Refinery loses N32.5bn after petrol price cut
Business

Petrol prices dropped due to naira-for-crude deal – Dangote refinery

Dangote Petroleum Refinery has stated that its naira-for-crude oil arrangement has enabled it to lower the price of petrol, resulting in reduced pump prices for consumers. The company in a statement signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, on Monday, affirmed its commitment to keeping petrol prices affordable and stable, despite […]

Supreme Court awards N225bn against Fidelity bank to Ibadan firm
News

Supreme Court awards N225bn against Fidelity bank to Ibadan firm

The Supreme Court on Monday awarded N225 billion in damages to an Ibadan-based general services firm, Sagecom Concept Ltd., engaged in a case against Fidelity Bank. The ruling, delivered on April 11 by a five-member panel of justices, stemmed from Fidelity’s decision to sell off assets belonging to engineering firm G. Cappa Plc, despite a […]

Tech

Microsoft introduces autonomous AI agent in GitHub Copilot

Microsoft’s GitHub has introduced a new Copilot AI agent capable of handling specific programming tasks autonomously. Once assigned, the agent completes the work and notifies the developer when it’s done. Developers can then review the output directly on GitHub, suggest changes if needed, and approve the final version. The agent can also insert the approved […]

Tech

Qualcomm to launch AI data center CPUs linking with Nvidia

Qualcomm Inc. on Monday announced plans to launch custom central processing units designed for data centers to power artificial intelligence workloads, integrating with Nvidia Corp.’s dominant graphics processing units. The move marks Qualcomm’s strategic re-entry into the competitive data center market, aiming to capitalize on the surging demand for AI infrastructure. Nvidia’s GPUs are pivotal […]

Barge operators decries NPA's dollar charges
Maritime

NPA, terminal operator restore 970m of Apapa quay apron

APM Terminals Apapa, working with the Nigerian Ports Authority, has finished upgrading 970 meters of quay apron surface at Apapa. In a Sunday statement, APMT called the project a key infrastructure effort to enhance safety, sustainability, and efficiency at Nigeria’s busiest container terminal. According to APMT Terminal Manager Steen Knudsen, the project was completed on […]

Business

DBN eyes N1.8tn loan portfolio to boost MSMEs

The Development Bank of Nigeria is intensifying its support for Nigeria’s Micro, Small, and Medium Enterprises by aiming to expand its outstanding loan portfolio to over N1.8 trillion under its new five-year strategic plan. This was disclosed by DBN Managing Director, Tony Okpanachi, during a media briefing in Lagos. He added that the bank aims […]

Business

KPMG, EY, PwC lead Nigeria’s audit boom with 65% yearly growth

Nigeria’s audit and assurance sector saw robust growth in 2024, with industry giants KPMG, Ernst & Young, and PricewaterhouseCoopers, leading a revenue surge to N28.2 billion, a 65% increase from N17.1 billion in 2023. According to Nairametrics Research data on the top 50 publicly quoted companies, the Big Four—KPMG, EY, PwC, and Deloitte—cemented their dominance, […]

featured

UK legal aid hit by cyber attack, personal data compromised

The United Kingdom’s Legal Aid Agency disclosed a major cyber attack on Monday, revealing that a “significant” volume of personal data, including criminal records, was stolen from applicants who sought legal aid since 2010. The breach, first detected on April 23, prompted the agency to collaborate with the National Crime Agency to investigate. Further investigation […]

Business

UK introduces new rules to protect buy-now, pay-later shoppers

The United Kingdom Government has unveiled new regulations targeting the rapidly growing buy now, pay later sector, aiming to protect consumers and curb unsustainable borrowing. The legislation, announced today, mandates affordability checks by lenders to prevent excessive debt accumulation and ensures faster refund processes for shoppers, according to BBC News. The BNPL market has exploded […]

Telegram founder alleges French pressure to censor Romanian conservatives
News

Telegram founder alleges French pressure to censor Romanian conservatives

Founder of the popular messaging app Telegram, Pavel Durov, has claimed that France’s intelligence chief requested the suppression of Romanian conservative voices on the platform ahead of national elections—a request he says he firmly rejected. In a post on X (formerly Twitter) late Sunday, Durov alleged that Nicolas Lerner, head of France’s intelligence agency, approached […]

featured

CBN cuts FG loans by over N4tn

The Central Bank of Nigeria experienced a significant decline of N4.145 trillion in net loans and receivables in 2024, mainly due to a reduction in its overdraft exposure to the Federal Government and changes in other loan categories. The bank’s audited financial statements show that net loans and receivables dropped from N16.122 trillion in 2023 […]

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