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UK legal aid hit by cyber attack, personal

  • 19th May 2025

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

  • 19th May 2025
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China to launch electric vehicle factories in Nigeria

  • 18th May 2025

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Barge operators decries NPA's dollar charges

NPA, terminal operator restore 970m of Apapa quay apron

Maritime

DBN eyes N1.8tn loan portfolio to boost MSMEs

Business

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

Business

UK legal aid hit by cyber attack, personal data

Business

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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, […]

Business

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 […]

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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 […]

Nigerian telecom users may pay higher charges in new tax law
Telecommunications

Telcos to host virtual network operators summit

Nigeria’s telecom sector is set for a major milestone as Africa Hyperscalers hosts the MVNO Nigeria 2025 summit on May 21 in Lagos, following the issuance of 43 new Mobile Virtual Network Operator licenses. Titled “Unlocking Growth, Competition & Connectivity,” the high-level event will bring together industry leaders to explore the opportunities and challenges shaping […]

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Warri, P’Harcourt refineries not producing petrol optimally – DAPPMAN

The Depot and Petroleum Products Marketers Association of Nigeria has stated that its members currently rely solely on the Dangote Petroleum Refinery for the supply of Premium Motor Spirit, also known as petrol. Speaking on Sunday, DAPPMAN’s Executive Secretary, Olufemi Adewole, explained that refineries operated by the NNPC are not yet capable of efficiently producing […]

Xiaomi to invest $6.9bn in chip design over next decade
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Xiaomi to invest $6.9bn in chip design over next decade

Chinese tech giant Xiaomi has announced plans to invest at least 50 billion yuan (approximately $6.93 billion) over the next ten years to advance its chip design capabilities, signaling a major push toward self-reliance in semiconductor technology. The long-term investment was revealed by Xiaomi founder Lei Jun in a post on Chinese social media platform […]

News

Tinubu grants approval for multibillion-dollar kolmani oil project

President Bola Tinubu has granted all necessary regulatory approvals for the issuance of critical licences for the Kolmani Integrated Development Project, a multibillion-dollar oil exploration initiative situated between Bauchi and Gombe States. This was disclosed by the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, during the flag-off ceremony for the permanent site […]

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