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Crude oil prices rise as Iran rules out

  • 17th August 2026

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

FG resets profit-sharing terms to attract new deep

  • 17th August 2026

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Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

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EU gives Nigeria €1.5m to fight cholera outbreak

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Ecobank retains retirement age, removes director tenure limit

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Govt pledges support for mining firms implementing local content

The Minister of Solid Minerals Development, Dr. Dele Alake, has expressed the commitment of the federal government to support mining companies that place a premium on local content in their operations. This disclosure was made while speaking during a site tour of the Segilola Resources Operating Limited, an indigenous gold mining company in Ilesha, Osun […]

News

Lagos to demolish $200m Landmark Resort for coastal highway project

The Lagos State government has issued a demolition order against the owner of a $200 million landmark beach resort, one of Nigeria’s top tourist destinations because it is hindering the planned 700 km coastal road that will connect its state with Calabar. This was disclosed by the Managing Director of Landmark Beach Resort, Paul Onwuanibe, […]

Economy featured

Long queues resurface at filling stations as marketers blame supply hitch

Long queues at gas stations in Lagos and Ogun began to form again, causing concern about the imminent scarcity of fuel. Petroleum marketers say the non-availability of Premium Motor Spirit in filling stations located in Lagos and Ogun states is a result of a shortage in supply. Also, Similarly, the Nigerian National Petroleum Company Limited […]

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Inflation: Eliminate supply-side bottlenecks to stabilise rising prices, KPMG tells FG

KPMG has said that the effectiveness of the Central Bank of Nigeria’s monetary tightening strategies may be inadequate unless Nigeria resolves the underlying supply-side constraints fuelling cost-push inflation. The firm emphasised the need for a balanced approach to tackle both demand-pull and cost-push inflationary pressures in issue 15 of the Flashnotes published by KPMG in […]

Zimbabwe unveils new currency backed by gold
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Zimbabwe unveils new currency backed by gold

Zimbabwe on Friday unveiled a new currency, ZiG which the country said is backed by gold reserves, marking the latest move by President Emmerson Mnangagwa’s administration to address decades of monetary instability. Mnangagwa announced following an inspection of the central bank’s vaults that Zimbabwe possessed adequate gold reserves to support the introduction of the new […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
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Apple lays off staff working in electric vehicle site

Apple has recently laid off over 700 individuals working at the electric vehicle site, according to the latest WARN report filed by the Employment Development Department of California. The majority of those affected were employees at Apple’s offices in Santa Clara, with 371 of them originating from the location primarily associated with the company’s now-defunct […]

Disney announces crackdown on password sharing
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Disney announces crackdown on password sharing

Disney CEO Bob Iger has announced that the company will start implementing stricter measures to deter password sharing globally starting this summer, a disclosure he made in an interview with CNBC Similar restrictions were previously introduced for Canadian subscribers last autumn. The decision comes as no surprise, as Disney’s CFO Hugh Johnston had outlined the […]

News

Naira devaluation pushes raw material imports to N3tn – NBS

The National Bureau of Statistics has said the inflation rate increased to 22.04 per cent on a year-on-year basis in March 2023. However, imports of raw materials into the country increased by 25 % to N3 trillion in 2023. This follows the foreign trade statistics published by the National Bureau of Statistics, according to The […]

Energy News

Egbin Power gets 15 wind turbines from Sahara Group

The Sahara Group has invested in wind turbines at Egbin Power Ltd to prevent annual expected CO2 emissions of 35,793,360g. The company announced in a statement on Thursday that the wind turbines will be used to power critical security and essential services architecture at the plant. Egbin Power, the largest privately owned thermal power plant […]

News

EnterpriseNGR expands financial centres to three African countries

A member-led professional advocacy group, EnterpriseNGR, has signed a Memorandum of Understanding to set up the Africa Roundtable of Financial Centres – a chapter of the World Alliance of International Financial Centres, in Mauritius, Morocco, and Rwanda. EnterpriseNGR said in a statement on Thursday that it had joined forces with the three countries to pursue […]

Elon Musk blames 'Supervillain-Level' cyberattack for X outage
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Musk’s X grants blue checks to influential users

X is now granting complimentary blue checks to users with over 2,500 “verified” followers, individuals subscribed to X Premium. While this move delights some popular posters, not everyone welcomes the blue check status. Many users are hastily posting to clarify that they did not purchase the blue check; rather, it was bestowed upon them. Tom […]

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