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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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Global watchdog warns AI boom could trigger private credit losses

The rapid expansion of private credit into the artificial intelligence sector is raising fresh financial stability concerns, with global regulators warning that a market correction could trigger significant losses. In a new report, the Financial Stability Board said the growing role of private lenders in financing AI infrastructure could amplify risks if the sector cools […]

Electricity featured

Senate confirms Joseph Tegbe as new power minister

The Senate on Wednesday confirmed Mr Joseph Tegbe as Minister of Power after he successfully passed his screening during plenary. According to the News Agency of Nigeria, his confirmation followed an extensive consideration by the Senate Committee of the Whole. During deliberations, lawmakers expressed concern over Nigeria’s persistent electricity challenges, noting that although installed generation […]

Tech

Publishers sue Meta over AI training using books, journals

Five major publishers filed a lawsuit against Meta Platforms in Manhattan federal court on Tuesday, accusing the tech giant of improperly using their books and academic journals to train its artificial intelligence systems. Elsevier, Cengage, Hachette, Macmillan, and McGraw Hill, along with author Scott Turow, allege in a proposed class-action suit that Meta unlawfully copied […]

Anthropic gives Claude AI power to end conversations
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Anthropic expands AI ambitions with SpaceX partnership

Anthropic on Wednesday unveiled a new partnership with Elon Musk’s SpaceX, securing the full compute capacity of the company’s Colossus 1 data center in Memphis, Tennessee, in the United States. Under the agreement, Anthropic will gain access to more than 300 megawatts of computing power and has also expressed interest in collaborating with SpaceX to […]

Telecommunications

Reps blame NCC for poor telecom service quality nationwide

The House of Representatives on Wednesday blamed the Nigerian Communications Commission for what lawmakers described as weak regulatory governance, holding the agency responsible for the persistent poor quality of telecommunications services nationwide. The lawmakers said the commission had failed to enforce standards capable of compelling service providers to deliver reliable connectivity, warning that the situation […]

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Dangote Refinery says petrol price remains unchanged nationwide

Dangote Petroleum Refinery and Petrochemicals Limited has stated that the price of Premium Motor Spirit, also known as petrol, remains unchanged, reaffirming that its ex-depot price has not been adjusted. In a statement, the refinery noted that maintaining its current pricing underscores its commitment to supporting stability in the domestic energy market and cushioning the […]

Life Style

CNN founder Ted Turner dies at 87 from dementia

Ted Turner, the flamboyant United States entrepreneur who transformed television news with the creation of CNN in 1980, has died at the age of 87, the network said Wednesday. The mustached southerner, yachting enthusiast and philanthropist, whose empire also included sports clubs, had been suffering from the degenerative disease Lewy Body Dementia. Cable News Network […]

Reps probe alleged tax evasion by Multichoice group
Business

EFCC arraigns Metro Digital over illegal Multichoice content broadcast

The Economic and Financial Crimes Commission has arraigned a communication company, Metro Digital Limited, on an amended four charge bordering on cybercrime and alleged unlawful interception and rebroadcast of Multichoice Nigeria Limited content. The agency, in a statement posted on its X handle on Wednesday, said the firm was arraigned on Tuesday before Justice A.T. […]

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Dangote Refinery raises petrol price to ₦1350/litre

Dangote Refinery has effected another upward price adjustment, raising its ex-depot price of Premium Motor Spirit to N1,350 per litre. The latest adjustment, confirmed on Wednesday by a senior official of Dangote Refinery and pricing platform Petroleumprice.ng, represents a N75 increase from the previous N1,275 per litre, reinforcing a pattern of frequent price recalibrations that […]

UBA wins Bank-of-the-Year award in Nigeria, seven other countries
Business

UBA, Redtech, MoMo launch cardless payment partnership nationwide

United Bank for Africa, Redtech, and MoMo Payment Service Bank have launched a payment interoperability partnership aimed at expanding cardless payment access for consumers and merchants across Nigeria. With the initiative, MoMo PSB customers can now make payments directly from their wallets at UBA merchant locations using the “Pay with MoMo” feature on RedPay POS […]

Economy

FG rules out fuel subsidy return, backs market pricing policy

The federal government has ruled out any return to fuel subsidies or the introduction of price controls, reaffirming its commitment to market-driven economic policies. Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made this known on Tuesday in Paris, stating that subsidy regimes distort the economy and will not be reinstated. He […]

Investment

Tinubu woos investors in Paris, pledges fiscal discipline transparency

President Bola Tinubu has met with global investors in Paris, France, emphasising transparency and fiscal discipline, and explaining the rationale for the swift implementation of bold reforms. Vanguard reported that at the meeting, the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, highlighted Nigeria’s strong GDP growth in dollar terms in […]

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