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Nigeria’s IMTO inflows surge 45% to record $1.29bn

  • 19th August 2026

NSDC mobilises $1bn for sugar self-sufficiency

  • 18th August 2026

NAFEM turnover hits $1.41bn, highest in weeks

  • 18th August 2026

US states seek major changes as Meta child

  • 18th August 2026

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BudgIT urges FG not to dismiss US transparency report

Opinion

Naira holds steady at ₦1,350/$ in official FX market

Finance

Federal, states, LGs share ₦3.007trn July FAAC

featured Finance

NAICOM revokes universal insurance licence over capital shortfall

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Blog

Google’s DeepMind unveils AI-designed drug model
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Google’s DeepMind unveils AI-designed drug model

Google DeepMind has introduced the third major version of its “AlphaFold” artificial intelligence model, aimed at assisting scientists in designing drugs and targeting diseases more effectively. In 2020, the company achieved a significant breakthrough in molecular biology by utilizing AI to accurately predict the behavior of tiny proteins. With the latest iteration of AlphaFold, researchers […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
News

Apple iPhone’s Chinese shipment rises by 12%

Shipments of Apple iPhones in China saw a notable increase of 12% in March, according to data from a research firm associated with the Chinese government. The surge in shipments of foreign-branded phones, totaling 3.75 million units, compared to 3.35 million units in the previous year, was highlighted in a report published on Wednesday by […]

News

Norther groups reject Tinubu govt’s cybersecurity levy

The Coalition of Northern Groups has rejected the newly introduced 0.5 per cent cybersecurity levy to be charged on all bank transactions. The Central Bank of Nigeria has directed the banks in the country to start charging a 0.5 per cent cybersecurity levy on electronic transfers. This was disclosed by the CBN via a circular […]

News

US, Coca-Cola target 10,000 jobs with plastic solutions program in Nigeria

The United States Agency for International Development in collaboration with The Coca-Cola Foundation and TechnoServe Nigeria, is pleased to announce the launch of the Nigeria Plastic Solutions Activity. This impactful initiative, funded equally by Coca-Cola and USAID with a combined investment of $4 million, tackles the critical challenge of plastic waste management in Nigeria through […]

FG moves to restrict Binance, other crypto platforms
featured

Expose ‘bribe-seeking officials’, Nigerian crypto stakeholders tell Binance

Stakeholders in the Nigerian Cryptocurrency Industry demand that Binance reveal the identity of the official who tried to bribe them and prove their allegations. Local crypto stakeholders said if the bribery allegations against Nigeria, from Binance were not dealt with properly, they could hurt the country’s image. This was disclosed recently by the secretary of […]

Electricity

Eko Disco lists areas to witness power outage

Residents in several districts in Lagos are witnessing power blackouts due to the failure of many electricity feeders supplying electricity. This was disclosed in a statement by Eko Electricity Distribution Company on Wednesday, according to the Guardian. According to Eko Electricity, the service disruption in Mushin, Lagos Island, Urban Prime, Festac, Ojo, Ajele and Orile […]

Oil and Gas

Nigerian crude dips to $86.5 per barrel as global demand weakens

Nigeria’s crude oil prices experienced a slight dip to $86.53 per barrel, while maintaining their premium status amidst increasing global petroleum and fuel stocks. Specifically, Brass River and Qua Iboe benchmarks saw a decline of 59 basis points, settling at $86.53 per barrel. This decrease was observed late Tuesday, coinciding with Brent Crude trading at […]

News

Cadbury Nigeria finance director Ogaga Ologe resigns

Cadbury Nigeria Plc has announced to stakeholders and the investing public of the resignation of its Finance Director, Ogaga Ologe. This was disclosed in a notice signed by the Human Resources Director, Wole Odubayo, and filed with the Nigerian Exchange Limited on Wednesday. according to the notice, Ologe’s resignation as Cadbury Nigeria Plc’s Finance Director […]

News

Reps deny Binance CEO bribe allegation

The House of Representatives has denied demanding bribes from Binance, a popular cryptocurrency platform. This follows a bribery allegation made by the Binance Chief Executive Officer, Richard Teng, in a blog post published by the New York Times on Tuesday. Binance CEO Tuesday said some unidentified people in Nigeria were trying to make their troubles […]

News

Cybersecurity levy, other policies affect Nigeria’s economic environment – Obi

The Presidential candidate of the labour party, Peter Obi, has knocked President Bola Tinubu’s administration for imposing a ”Cyber-Security Levy’ on Nigerians despite prevailing economic hardship. This was disclosed by the former governor of Anambra state via a post on his official X handle on Wednesday Obi asked when the office of the National Security […]

FG moves to restrict Binance, other crypto platforms
News

FG denies Binance CEO’s bribery allegation

The Federal Government said it is committed to pursuing the criminal case against the crypto platform Binance and its officials to a logical conclusion. This follows a bribery allegation made by the Binance Chief Executive Officer, Richard Teng, in a blog post published by the New York Times on Tuesday. President Bola Tinubu’s administration dismissed […]

Minister threatens to revoke Kogi-Benin Road contracts
News

Lagos-Calabar highway: Lawyer knocks Umahi for calling ancestral villages shanties

The communities located along the right of way of the ongoing Lagos-Calabar Coastal Highway have lampooned the minister for works, David Umahi for referring to their ancestral God-given villages as shanties. This disclosure was made by a lawyer, Oladotun Kazeem on behalf of the communities during an interview on Arise News on Tuesday. Kazeem emphasised […]

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