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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran

  • 7th August 2026

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Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

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TAJBank raises profits to N6.02bn
Banking

TAJBank raises profits to N6.02bn

TAJBank, a non-interest bank, reported N6.02 billion in earnings before taxes in the first half of 2023. The Punch reported that according to a statement released on Monday, the bank’s most recent financial results came just six months after it broke the sector’s dividend payout record for the 2022 fiscal year and three years after […]

Fuel, electricity tariff cap costly, IMF warns Nigeria
Business

Why Nigeria, others need $2tn to achieve net-zero emissions – IMF

Nigeria and other rising economies will require nearly $2 trillion yearly by 2030, according to the International Monetary Fund, in order to make the switch to net-zero emissions by 2050. The Punch reported that the international lender made this statement in a recent report titled “Emerging economies need much more private financing for climate transition” […]

Cooking gas price hits N1,500 per kg
Oil and Gas

12.5kg cooking gas now costs N12,500 – Report

The price of 12.5 kg of Liquefied Natural Gas, also known as cooking gas, has climbed to N12,500 as Nigeria marks its 63rd year of independence. The Punch reported that according to a market investigation conducted by one of its correspondents, petrol merchants in Lagos abruptly increased the price of 12.5kg of petrol from the N10,000 […]

Cooking gas prices drop in June, yearly costs remain high
featured

12.5kg cooking gas hits N12,500 – Report

        Market findings have revealed that the price of 12.5kg of Liquefied Natural Gas or cooking gas has increased to N12,500. This latest figure comes at the heel of the nation’s 63rd independence day celebration. Findings by The PUNCH revealed that gas retailers in Lagos have raised the prices of 12.5kg cooking […]

Telcos seek price hike, present demand to lawmakers
Telecommunications

FG to boost telecoms connectivity with $5bn

The FG has established a strategy to support startups in increasing their annual investment rounds to $5 billion by 2027 and increasing access in rural areas by at least 40%. The Punch reported that three million Nigerians are expected to receive tech training from the federal government over the next four years. In a document […]

Antitrust case: Microsoft CEO refutes Google's claims on default settings
News Tech

Antitrust case: Microsoft CEO refutes Google’s claims on default settings

Microsoft CEO Satya Nadella called rival Google’s claim that it is simple to modify defaults on computers and devices “bogus.” In a historic antitrust trial against its parent company Alphabet, Nadella made this claim while giving testimony. Nadella testified at the trial, which was the first significant antitrust lawsuit the U.S. Department of Justice had […]

Spanish Court upholds temporary ban on Worldcoin's iris-scanning project
News Tech

Kenya demands suspension of Worldcoin’s domestic activities over privacy concerns

A Kenyan parliamentary committee on Monday demanded that the country’s information technology body suspend Worldcoin’s domestic operations. Early in August, the project was put on hold by the government due to privacy concerns regarding the scanning of individuals’ irises in return for a digital ID, which was intended to establish a new “identity and financial […]

OPEC+ weighs 2027 production baselines, potential hike
Business

Nigeria, Iran drive OPEC’s oil production increase in September

A Reuters survey has revealed that oil production output from the Organisation of Petroleum Exporting Countries increased in September 2023 due to rises from Nigeria and Iran. According to the survey’s findings, OPEC’s oil output increased for the second consecutive month in September 2023, despite key members like Saudi Arabia, Russia, and other members of the larger […]

OPay launches security features to secure clients' funds
News

OPay denounces viral video alleging fraudulent activities

Mobile money platform, OPay, has described the video making the rounds on social media regarding alleged fradulent activities on some OPay agent accounts as fake. According to the statement released by the company, relevant actions were taken along with the stakeholders when the incident occured two years ago, precisely on the 23rd of August, 2021. […]

Rapper Drake gifts heartbroken fan $50,000
News

Rapper Drake gifts heartbroken fan $50,000

Drake, a well-known Canadian rapper, has shown his kindness to a fan in need by giving a stunning $50,000 (N38.3 million) during a concert tour stop in Miami, Florida. According to reports, Drake, a multi-millionaire musician with an estimated 2019 net worth of $150 million (according to Forbes), has been on a spree of surprising lucky fans […]

Why diesel prices may not reduce in Nigeria - Experts
Business

Manufacturing stakeholders label diesel VAT waiver short-term relief

Manufacturing stakeholders have stated that the diesel VAT waiver is a good thing, but it only provides short-term relief, particularly for businesses that depend on the product. The Times stated that the Manufacturers Association of Nigeria’s Director Ambrose Oruche said the organization had not yet provided a formal response. However, he pointed out that since the VAT is currently 7.5%, the […]

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