Business

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

News

EU gives Nigeria €1.5m to fight cholera outbreak

Helth

Ecobank retains retirement age, removes director tenure limit

Banking

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US moves to seize luxury apartment bought by Ex-Congolese President Nguesso
News

US moves to seize luxury apartment bought by Ex-Congolese President Nguesso

Court documents revealed in New York on Monday indicate that the United States is taking steps to seize a lavish Manhattan apartment, reportedly purchased with funds embezzled from the Congolese government for the daughter of ex-President Denis Sassou Nguesso. Federal prosecutors assert that the apartment, located on the 32nd floor of the Trump International Hotel […]

Banking

Zenith Bank wins Nigeria’s best bank award

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024 for the fourth time. This was contained in a statement from the bank on Monday which revealed that the bank had been winning the award since 2019. As Global Finance announced its 31st Annual Best Bank […]

MAN calls for regulations to protect manufacturers, consumers
News

MAN calls for regulations to protect manufacturers, consumers

The Manufacturers Association of Nigeria is calling for fair regulatory frameworks to protect the interests of both consumers and manufacturers. Ajayi-Kadir, the Director General of MAN, emphasized the importance of equitable protection for both parties in light of a recent social media incident involving Erisco Foods and a dissatisfied customer, Mrs. Chioma Egodi, who criticized […]

Banking

UBA, Stanbic, two other banks fail to file 2023 results

Four banks have disclosed that they will delay the filing of their audited results for 2023. The United Bank for Africa, Zenith Bank, Stanbic IBTC, and Wema Bank had announced that they would not meet the deadline for the filing of their audited results for the last financial year. The listed companies are expected to […]

Oil and Gas

Electricity tariff hike looms as FG raises gas price

The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria’s thermal plants fired by gas, generates over 70 per cent of its electricity. Consequently, once the Nigerian Electricity Regulatory Commission has […]

Trump Media to raise $2.5bn for bitcoin investment
News

Trump’s net worth falls to $1B as Truth Social shares sink

Donald Trump saw a staggering $1 billion decrease in his net worth following a 21% drop in shares of his social media endeavor, prompted by the lackluster revenue performance of Truth Social, the platform he launched. The filing revealed that Trump Media & Technology Group incurred losses surpassing $58 million in 2023. This revelation rattled […]

OpenAI removes Sam Altman as owner of $175m startup
News

OpenAI removes Sam Altman as owner of $175m startup

OpenAI has made changes to its venture capital fund structure, resulting in the removal of Sam Altman, its Chief Executive Officer, as the owner. The alteration in governance was reflected in a recent filing with the US Securities and Exchange Commission. The OpenAI Startup Fund, which has raised $175 million from partners such as Microsoft, […]

API startup Thepeer shuts down, returns capital to investors
Startups

API startup Thepeer shuts down, returns capital to investors

The Nigeria-based API startup, Thepeer, which raised a $2.1 million seed round in June 2022, has announced the closure of its business and the return of its remaining capital to investors after struggling to achieve scalability, according to a statement released on Monday. The three-year-old startup acknowledged that despite its innovative technology, it faced challenges […]

Air Peace funds still trapped in CBN - Onyema
featured News

Air Peace funds still trapped in CBN – Onyema

The Chief Executive Officer of Air Peace Airlines, Allen Onyema, revealed that the airline’s funds are still held in the Central Bank one year after they were released by the President. “Our funds are still trapped in CBN. 14M bidding for Hajj. The President has released these funds, but we are yet to get them,” […]

Energy

Carbon markets crucial to global energy transitions – IEF

The Secretary General of the International Energy Forum, Joseph McMonigle has announced that carbon markets are expected to play an important role in achieving climate, energy security, and sustainable development goals by boosting the efficiency of energy transitions and raising money for clean energy projects. This disclosure was made by McMonigle while speaking at the […]

FTX CEO Bankman-Fried breaks silence after bagging 25-year jail term
News

FTX CEO Bankman-Fried breaks silence after bagging 25-year jail term

The former crypto CEO, Sam Bankman-Fried, has expressed remorse for his actions that led to a 25-year prison sentence for fraud last week. “It’s what I think about most each day,” he confessed to ABC News. Bankman-Fried’s sentencing concluded a 17-month ordeal that commenced in November 2022 when FTX, a global cryptocurrency exchange he co-founded […]

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