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NMDPRA urges Africa to adopt regional fuel pricing

  • 30th July 2026

Seplat sells 10% JV stake to NNPCL for

  • 30th July 2026

BREAKING: Femi Otedola acquires ₦222.20bn First HoldCo shares

  • 30th July 2026

World Bank warns Nigeria risks missing AI revolution

  • 30th July 2026

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Spain rejects emergency declaration despite migrant surge from Morocco 

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NMDPRA urges Africa to adopt regional fuel pricing benchmark

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Seplat sells 10% JV stake to NNPCL for $281.6m

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Resident doctors declare indefinite nationwide strike from August 10

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Business

C&I Leasing posts ₦532.84m pre-tax profit in Q1 2026

C&I Leasing Plc reported a pretax profit of N532.84 million in its Q1 2026 unaudited financial statements filed on the Nigerian Exchange. The result represents a 9.2 per cent year-on-year increase from N487.9 million recorded in the corresponding period of 2025. The improved earnings performance was supported by strong growth in lease income, which is […]

Business

Eterna Q1 profit doubles as revenue hits ₦70.5bn

Eterna Plc has recorded a stronger Q1 2026 performance, with pretax profit rising to N1.6 billion from N1.4 billion in the corresponding period of the previous year. This growth was anchored on a revenue base of N70.5 billion, down from N73.2 billion in the prior year, with fuel sales contributing 92.8 per cent, lubricants 7 […]

Finance

NRS extends office hours to ease June tax filing

The Nigeria Revenue Service has announced the extension of its operations to Saturdays as part of efforts to support taxpayers using its newly launched tax administration platform, Rev360. The development becomes important as the service prepares for the June peak period for tax filing. The disclosure was contained in a statement signed by the Executive […]

Ports and Airports

Customs agents accuse marine police of port cargo extortion

A group of concerned licensed customs agents and maritime stakeholders under the aegis of the Association of Nigeria Licensed Customs Agents has petitioned the Inspector-General of Police over alleged interference of the Marine Police in port operations. Specifically, they accused the Police unit of blocking and extorting importers of duly cleared cargoes from Lagos ports. […]

Electricity

Tegbe denies fixing power grid crisis in three months

The Minister-designate for Power, Joseph Olasunkanmi Tegbe, has denied reports claiming he promised to fix Nigeria’s power grid within three months, describing the reports as a misrepresentation of his remarks during his Senate screening. In a statement posted on X on Thursday by his spokesperson, Adeola Adelabu, Tegbe clarified that he never gave a three-month […]

featured Technology

AI tools costs now exceed employee salaries — Nvidia, Uber

Companies accelerating their adoption of Artificial Intelligence are discovering that the cost of AI tools and computing power can quickly exceed employee salaries, according to executives from Nvidia and Uber. As reported by The Economic Times on Friday, Bryan Catanzaro, Vice-President of Applied Deep Learning at Nvidia, told Axios that AI compute expenses have become […]

Instagram tests private dislike button for comments
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Instagram stops end-to-end encrypted messages from May 8

Instagram has officially ended support for end-to-end encrypted direct messages from Friday. The development was disclosed in an update published on Instagram’s Help page, where the platform informed users that encrypted messaging would no longer be available on the app. “End-to-end encrypted messaging on Instagram will no longer be supported after 8 May 2026,” the […]

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LG autonomy: I’ve never touched govt funds, says Taraba gov

Governor Kefas Agbu of Taraba State, has explained his approach to implementing local government autonomy, saying the local council has been granted financial autonomy but is being supervised. The governor, who spoke during an interview with select journalists in Lagos, noted that his approach was aimed at restoring efficiency and accountability at the grassroots level. […]

Finance

National Assembly approves ₦2.285tn FCT 2026 budget proposal

The National Assembly on Thursday passed the 2026 Statutory Appropriation Bill for the Federal Capital Territory, approving a total expenditure of N2.285tn for the development and administration of the nation’s capital. The approval followed the presentation and consideration of the harmonised report of the Senate and House of Representatives Committees on the FCT during plenary. […]

US court jails Nigerian hacker for $2.5m identity theft
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Nigerian faces 20-year jail term for US casino fraud

A Nigerian man, Kenneth Godwin, is at risk of a 20-year imprisonment following his indictment in a wire and computer-related fraud scheme targeting a casino business in South Dakota, United States of America. The indictment was announced by the US District Attorney, Ron Parsons, on Thursday. Parsons disclosed that a federal grand jury indicted Godwin […]

Business

DAAR Communications rejects claims of altered shareholding structure

DAAR Communications Plc has stated that its board has not approved or implemented any changes to the company’s shareholding structure through any statutory process. The clarification follows an earlier report in which the Corporate Affairs Commission denied that its records were manipulated following a cyberattack. This was disclosed in a notice submitted to the Nigerian […]

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