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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

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

Business

OpenAI unveils ChatGPT for teens with stronger safety protections

Tech

US states accuse Meta of hiding Instagram addiction research

Tech

NERC gives Kaduna DisCo 12 months to restore growth

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Telegram CEO unveils plans to enhance content moderation
News

Telegram blocks Ukrainian military bots amid Russia-Ukraine crisis

Ukraine’s military intelligence agency GUR on Monday announced that the administrators of the Telegram messaging platform had blocked several official bots that were actively opposing Russia’s military aggression against Ukraine. In a statement posted on Telegram, GUR expressed disappointment over the “unreasonable” blocking of official bots, including the main Intelligence bot, which stood against Russia’s […]

Petrol queues surface in Lagos, Abuja after Tinubu's subsidy announcement
News

Queues continue across states amid fuel supply shortages

Commuters across several states in Nigeria are facing fuel shortages and soaring prices, leading to long queues at filling stations. The scarcity has been reported in Lagos, Abuja, Kaduna, Kano, Jos, Cross River, and other parts of the country. Channels News reports that they have been a significant increase in vehicle queues at filling stations […]

Agribusiness

Nigerian rice mills reopen as paddy prices drop by 32%

Rice millers who were forced out of business in Nigeria are beginning to reopen their factories as it becomes affordable to source critical inputs. The recent lifting of sanctions on the Niger military junta by the Nigerian government was responsible for their renewed ability to import paddy- a key input for their operations, according to […]

OpenAI employees consider selling $6bn stock
News

Australian advocacy group petitions OpenAI over privacy concerns

AI startup OpenAI on Monday, faced a privacy complaint from advocacy group NOYB, alleging that its generative AI chatbot, ChatGPT, failed to rectify inaccurate information, potentially violating EU privacy regulations. ChatGPT, which sparked the GenAI trend in late 2022, boasts capabilities to simulate human conversation, summarize text, compose poetry, and even brainstorm theme party ideas. […]

FG begins compensation for demolished properties along Lagos-Calabar coastal highway
News

FG begins compensation for demolished properties along Lagos-Calabar coastal highway

The Ministry of Works has announced the imminent commencement of compensation for property owners affected by demolitions along the Lagos-Calabar Coastal Highway corridor. This update was shared in a statement on the Ministry’s website following the launch of demolition activities along the highway in Lagos State. The event was graced by the presence of the […]

Banking

Standard Chartered Bank appoints Dalu Ajene as CEO

Standard Chartered Bank has announced Dalu Ajene as the new Chief Executive Officer of the bank’s operations in Nigeria. This follows the mandatory retirement of the Vice President of Africa and acting CEO, Lamin Manjang, after 25 years of service. According to the statement from the bank, Ajene comes to his new office with over […]

News

Stockbrokers seek improved PFAs participation in equity market

The Chartered Institute of Stockbrokers urged pension fund managers to participate more actively in the stock market. This was disclosed in a statement during a recent courtesy visit by its leadership to the Central Bank of Nigeria Governor, Mr Olayemi Cardoso, according to The Punch. In addition, the Institute requested assistance from the Central Bank […]

News

FG plans GIS unit to solve boundary disputes

The Office of the Surveyor General of the Federation has promised to utilize a Geographical Information System expert for the Border Communities Development Agency to enhance its GIS unit. This was disclosed in a statement signed by the Head of Press and Public Relations, Sani Datti, during a courtesy visit by the Executive Secretary of […]

Aviation

Delta Air Lines to start Lagos-New York flight December

Delta Air Lines has announced that, from December 1, 2024, it will start to operate a round-trip service between New York and Lagos. In addition, the airline announced that this winter it will enhance services to Accra, Ghana, and South Africa to strengthen its position as America’s leading carrier on African soil. This was disclosed […]

Dangote to slash sugar import by 40%
Business

Dangote cement exports soars by 87.2% in Q1 2024

The Dangote Cement Company’s management has announced that, in the first quarter of 2024, seven ships were dispatched from Nigeria to Ghana and Cameroon carrying a total of 264kt of clinker; this represented an increase of 87.2 %. This was disclosed by the Chief Executive Officer of Dangote Cement, Arvind Pathak, adding that the company […]

FG spends 74% of revenue on debt in Q1 2024
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Naira surges to 1,275/$ at parallel market

The naira strengthened against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. This represents a 9.8 per cent increase when compared to N1,400 to a dollar it traded at the close of trading activity on Friday, according to FMDQ data. This follows as the Senate Committee on Finance urged for […]

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