Business

Aradel Holdings announces plans to begin refining petrol

  • 13th August 2026

DMO raises N5.86bn via savings bond in August

  • 13th August 2026

OPay’s transaction value hits $358bn, doubles ahead of

  • 13th August 2026

Geregu Power assures stakeholders amid debt concerns

  • 13th August 2026

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Aradel Holdings announces plans to begin refining petrol in

Business

DMO raises N5.86bn via savings bond in August

Business

Apple seeks news content deals for upgraded Siri AI

Tech

Taiwan uncovers ‘first-of-a-kind’ AI-assisted cyberattack

Tech

Blog

Iran crypto exchange loses $90m in cyberattack
Banking

Nigerian banking malware attacks rise by 8% – Report

Kaspersky’s recent statement illuminates the cybersecurity landscape in Africa, highlighting a troubling trend in Nigeria where banking malware attacks increased by 8% in 2023. Despite an overall 10% decrease in threats nationwide, the surge in attacks targeting online banking credentials and sensitive information is a cause for substantial concern. According to the statement, “Nigeria saw […]

Exchange rate for cargo clearance hits N1605.8/$1
Maritime

Exchange rate for cargo clearance hits N1605.8/$1

The Central Bank of Nigeria has adjusted the exchange rate for customs clearance at ports, raising it from N1537.07 to N1605.82 per USD, marking an increase of N68.75. This update is in response to market conditions, with the CBN and Nigeria Customs Service adapting the exchange rate for cargo clearance three times within the past […]

Naira devaluation worsens Nigeria's debt woes
News

FG raises N1.5tn through bonds

By Melvin Onwubuke   The Federal Government through bond offering, was able to raise N1.5 trillion instead of the anticipated N2.5 trillion it targeted in its February auction. According to The Punch, the Debt Management Office office in a press conference said that the 2031 bond had a total allotment of N873.53 while that of […]

News

AFC signs $40m deal with Afreximbank, King’s College Hospital

In order to build the African Medical Centre of Excellence in Abuja, King’s College Hospital and the Africa Finance Corporation inked a $40 million equity investment agreement on Wednesday. According to the Punch, A statement from the infrastructure solutions provider, the AMCE program aims to create the first of many world-class medical centers of excellence […]

Senate approves Yuguda, Cardoso, others as MPC members
News

Senate questions MPC nominees on inflation, forex crisis

The Senate questioned the nominees for the Central Bank of Nigeria’s Monetary Policy Committee on Wednesday, screening them and asking them about the ongoing food and foreign exchange issues. According to The Punch, the names of nominees to the CBN’s MPC were sent by President Bola Tinubu to the Senate last week for confirmation. Six […]

China's Lenovo reports $15.72bn Q3 revenue growth
Business

China’s Lenovo reports $15.72bn Q3 revenue growth

The world’s largest manufacturer of personal computers, Lenovo Group (0992.HK), based in China, announced on Thursday that its revenue for the October-December quarter was $15.72 billion, a 3% increase over the same period last year. Reuters reported that the outcome was contrasted with the $15.25 billion mean of eight analyst projections aggregated by LSEG. Following […]

IATA, weather company collaborate on data
Business

IATA, weather company collaborate on data

The Weather Company and the International Air Transport Association are working together to provide airlines with improved weather information pertaining to turbulence. The PUNCH reported that an IATA statement showed that The Weather Company, which provides aviation solutions to the majority of commercial airlines in North America and many others worldwide, is using the association’s […]

Fuel import drop by 1bn liters in seven months – Report
Oil and Gas

Fuel import drops by 1bn liters in seven months – Report

The National Bureau of Statistics has revealed that following President Bola Tinubu’s removal of fuel subsidies in June, the nation’s monthly imports of petrol decreased by almost 1 billion liters. According to the NBS statistics, the nation imported 2.09 liters of petroleum in January 2023 and 1.99 billion liters in February of the same year. […]

Binance working with Nigeria govt to resolve exec's detention, CEO says
Crypto

Binance sets price cap as presidential aide calls for ban

The cryptocurrency stablecoin Tether’s selling price on Binance’s peer-to-peer exchange has been capped, as the company has also stated that it is willing to cooperate with Nigerian authorities. In a blog post published on Wednesday, Binance stated that its P-2-P platform is driven by the market and not by Nigerian currency rates. “Binance serves as […]

Google launches Gemma AI models for developers
Tech

Google launches Gemma AI models for developers

Google on Wednesday introduced a set of new artificial intelligence models named Gemma, which developers outside of Google can potentially utilize to create their own applications. The technology giant, a subsidiary of Alphabet, is allowing individuals and businesses to construct AI software based on Gemma, a family of “open models,” without charge. Google is making […]

Naira strengthens slightly to N1,534.52/$ at official market
News

FG to restart cash transfers to poor Nigerians

The Federal Government is set to reinstate direct cash transfers to the poorest and most vulnerable Nigerians, aiming to address the challenges faced by millions in the wake of rising prices and the devaluation of the naira. Approximately 3 million Nigerians are currently benefiting from these programs. However, the government anticipates extending the coverage to […]

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