Business

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

EFCC charges two over alleged unlawful supply of

  • 20th August 2026

FG urges banks, fintechs to bridge $14.8bn gender

  • 20th August 2026

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NNPC raises alarm over Nigeria’s growing energy skills shortage

Business

CBN calls for wider adoption of digital payment channels

Business

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featured News

Microsoft warns Africa risks becoming AI consumer

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Tech

Spotify defends AI music expansion as safeguard against unregulated content

Spotify has defended its expansion into artificial intelligence-generated music, arguing the move provides a regulated alternative to piracy and the growing volume of unlicensed AI-generated content circulating online. The streaming platform recently announced a new feature that will allow premium subscribers to create AI-generated remixes and song covers using tracks from participating artists. The company […]

Business

Samsung averts strike as workers back massive bonus deal

Workers at Samsung in South Korea on Wednesday approved a wage agreement, averting a potential strike that had threatened to disrupt global semiconductor supplies and weigh on the country’s economy. The agreement follows months of negotiations over bonuses linked to Samsung’s surging semiconductor business, amid booming demand for chips used in artificial intelligence data centres. […]

Tech

Spotify adds long-form magazine stories in bid to boost revenue

Spotify has expanded its push to become a comprehensive audio platform with the launch of narrated long-form magazine articles on its app, adding another monetisable content category alongside music, podcasts, and audiobooks. The company announced on Tuesday that Premium subscribers will be able to access the narrated articles as part of their existing 15-hour monthly […]

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NCS seized over 15,000 bags of smuggled rice in first quarter

The Nigeria Customs Service recorded a total seizure of 15,212 bags of smuggled rice valued at over N907.78 million in the first quarter of 2026. Vanguard reported that statistics obtained from the Enforcement Investigation and Inspection Department, Enforcement Return and Statistics Unit, of the Customs showed that the Service recorded 286 rice seizure cases between […]

featured Finance

Naira holds steady at ₦1,372.84/$ in official FX market

The Naira maintained a relatively stable posture against the United States Dollar across both the official and parallel foreign exchange markets on Wednesday morning. Data from the Nigerian Foreign Exchange Market showed the local currency trading at an official rate of 1,372.84 Naira per Dollar. This reflects a marginal adjustment from the 1,372.64 Naira recorded […]

Transportation

NRC suspends Warri-Itakpe train service indefinitely

The Nigerian Railway Corporation has announced the indefinite suspension of the Warri–Itakpe Train Service due to operational and technical concerns. The development comes as the Federal Government approved a 50 per cent reduction in fares on all train services operated by the NRC for the Eid-el-Kabir celebrations. The NRC management disclosed the suspension through its […]

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WHO raises alarm as Ebola cases multiply across DR Congo, Uganda

The Director-General of the World Health Organization, Tedros Adhanom Ghebreyesus, has raised concerns over the worsening Ebola outbreak in the Democratic Republic of Congo and neighbouring Uganda. He warned that more infections are expected in the coming weeks. Tedros disclosed this in an update posted on his X platform on Tuesday. According to him, 101 […]

Banking

Fidelity Bank posts N92.4bn Q1 profit

Fidelity Bank Plc has reported a pretax profit of N92.4 billion for the first quarter of 2026, representing a 12.57 per cent decline from the N105.7 billion posted in the corresponding period of 2025. The bank’s performance was underpinned by strong growth in interest income, which rose to N314.4 billion from N256.1 billion a year […]

Business

BP ousts chairman amid concerns over conduct, oversight

British oil giant BP has ousted Albert Manifold from his position as chairman less than a year after his appointment, citing “serious concerns” over governance standards, oversight, and conduct within the company. The unexpected announcement rattled investors, sending BP shares down by more than 6 per cent in sharp market trading, according to AFP. “The […]

Tech

SpaceX demands higher fees from Pentagon over Starlink drone connectivity

SpaceX has pressed the United States Department of Defense to significantly increase what it pays for access to its Starlink satellite network, as Elon Musk’s space company becomes more deeply embedded in America’s expanding drone operations in the Iran conflict. According to sources familiar with the discussions and Pentagon documents reviewed by Reuters, senior SpaceX […]

Business

Africa mobilises $498.8m as Ebola death toll hits 220

Africa has secured about $498.8 million in pledges and commitments to bolster response efforts against the ongoing Bundibugyo Ebola virus outbreak across affected and high-risk countries, as the death toll has risen to 220. This was disclosed on Monday, May 26, 2026, by Jean Kaseya, Director-General of the Africa Centres for Disease Control and Prevention, […]

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