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Microsoft warns Africa risks becoming AI consumer

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Tony Elumelu’s Heirs Holdings stake in Seplat crosses $1bn

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EFCC charges two over alleged unlawful supply of FCMB

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China Industrial Bank backs Nigeria’s telecom initiative to connect 20m people

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has announced fresh backing from the China Industrial Bank for the Nigeria Universal Communication Access Project, a programme designed to extend connectivity to more than 20 million Nigerians in underserved communities. Tijani disclosed the development in a post on X after meeting with a […]

Electricity

Vandals destroy six transmission towers, disrupt power supply nationwide

Power supply has been disrupted in parts of Nigeria following the destruction of six transmission towers along the critical Apir–Lafia 330kV line in Nasarawa State by vandals, the Transmission Company of Nigeria has said. The disclosure was made in a statement in Abuja on Wednesday by TCN’s General Manager, Public Affairs, Ndidi Mbah. According to […]

Business

YouTuber jailed for life after killing pregnant girlfriend

A YouTuber has been sentenced to life in prison with a minimum term of 31 years after murdering his pregnant girlfriend and falsely claiming he was live-streaming a video game to provide an alibi. Stephen McCullagh, 36, was found guilty by a jury at Belfast Crown Court, United Kingdom in March of killing 32-year-old Natalie […]

Business

US plans 12.5% tariffs on imports over forced labour concerns

The United States has proposed new tariffs of up to 12.5 per cent on imports from 60 economies over their alleged failure to ban goods produced with forced labour. The move, which would affect major trading partners including China, the European Union, and Japan, represents a broad escalation in trade enforcement. The determination, made under […]

Aviation

Delta saves $135m in fuel costs as next-gen aircraft boosts efficiency

Investments in next-generation aircraft, sustainable aviation fuel, and advanced operational technologies enabled Delta Air Lines to save over 59 million gallons of jet fuel valued at more than $135 million in 2025. Details from Delta Air Lines’ 2025 Difference Report, show that the carrier continues to record strong gains from its fleet modernisation programme, sustainability […]

Business

Tinubu reforms push manufacturers’ energy costs to N1.34tn – MAN

The Manufacturers Association of Nigeria has stated that economic reforms introduced under President Bola Tinubu’s administration have sharply raised production costs for manufacturers, with spending on alternative energy rising to N1.34tn in 2025 and further weakening industrial performance. While acknowledging that the reforms have established a base for long-term economic restructuring, the association called on […]

Banking

Abbey Mortgage Bank gets CBN’s approval for commercial banking expansion

Abbey Mortgage Bank Plc, one of Nigeria’s oldest primary mortgage institutions, has received approval from the Central Bank of Nigeria to transition into a commercial bank. The bank, however, is expected to begin full commercial banking operations in the fourth quarter of 2026. The approval represents a significant strategic milestone for the institution, enabling it […]

Economy

Foreign exchange reserves rise by $1.22bn in May – CBN

Nigeria’s external reserves rose by about $1.22 billion in May 2026, closing the month at $49.58 billion, according to data from the Central Bank of Nigeria. Figures released by the apex bank show that gross reserves increased from $48.36 billion on April 30, 2026, to $49.58 billion by May 29, 2026, representing a month-on-month gain […]

Tech

Google faces UK crackdown over AI search results

Google Search is set to face a set of targeted new rules from a UK regulator aimed at ensuring fairer outcomes for publishers and users, while also improving the service. The Competition and Markets Authority said Google will have nine months to implement the “conduct requirements” it has outlined, according to sky news. A key […]

News

Abia doctors confirm release of kidnapped surgeon, suspend planned strike

The Nigerian Medical Association, Abia State branch, has confirmed the release of kidnapped orthopaedic surgeon, Dr Uche Bonaventure Aguocha, who was abducted on Sunday, May 26, 2026. The PUNCH reported that the announcement was contained in a statement jointly signed by the NMA State Chairman, Dr Ezenwa Ezuruike, and the Secretary, Dr Clement Ifenkoronye, dated […]

Business

Cowry Securities emerges top dealer in NGX rankings

Cowry Securities Limited has strengthened its position as one of the most active dealing member firms on the Nigerian Exchange, ranking among the top performers in both the equities and fixed-income segments of the market. The firm delivered a strong trading performance during the final week of May 2026, according to the weekly broker performance […]

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