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

Tech

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Ports and Airports

Tin Can port generates ₦1.60trn revenue, exceeds 2025 target

The Nigeria Customs Service Tin Can Island Port Command generated N1.60 trillion in revenue in 2025, exceeding its annual target of N1.52 trillion. The disclosure was made in a statement issued on Saturday by the command’s Public Relations Officer, Oscar Ivara, following the elevation of Frank Onyeka to the rank of Assistant Comptroller-General of Customs. […]

Finance

African currencies depreciate amid US-Iran crisis — Report

African currencies came under renewed pressure following the escalation of geopolitical tensions involving the United States, Israel, and Iran, with currencies across the continent depreciating by 3.2 per cent as global investors retreated from emerging and frontier markets. This is according to a new report titled “Trade and Development Foresights 2026: Global economy faces a […]

News

Trump, Iran nearing historic deal to reopen Strait of Hormuz

Donald Trump has announced that the United States and Iran are close to finalising an agreement aimed at ending tensions between the two countries, with discussions now focused on concluding the final details. In a statement issued late Saturday, Trump said the proposed deal would include the reopening of the Strait of Hormuz, a key […]

Aviation featured

NCAA suspends 11 airlines over unpaid levies

The Nigerian Civil Aviation Authority has directed all its directorates to withhold services from 11 domestic airlines until they settle their financial obligations. Director of Finance and Accounts, Olufemi Odukoya, in a memo dated May 22, 2026, obtained by Vanguard, listed the affected airlines as Air Peace Limited, Ibom Air Limited, Arik Air Limited, United […]

Business

NMDPRA orders operators to meet host community fund obligations

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has stepped up enforcement of the Host Community Development Trust framework under the Petroleum Industry Act (PIA) 2021, directing operators and licensees to comply with the mandatory three per cent annual contribution to host community funds. The regulator also unveiled a digital portal designed to enhance transparency, […]

featured Technology

Google unveils Gemini Spark, Antigravity 2.0 to reset global AI race

In a spectacular showcase that sent waves of excitement through the tech world, Google has introduced groundbreaking new artificial intelligence capabilities aimed at reclaiming dominance in the fast-evolving AI landscape. The announcements, featuring the new Gemini Spark 24/7 personal agent and Antigravity 2.0 coding platform, signal a major push by the tech giant to “reset […]

featured Technology

Google launches Gemini Omni AI video tool for creators

Google has unveiled Gemini Omni, a new artificial intelligence-powered video creation tool designed to generate and edit videos using text, images and voice prompts, as the company expands its Gemini AI ecosystem. Announcing the tool on its official blog, Google said Gemini Omni is built to support “native multimodal video generation,” allowing users to create […]

featured Scams

Police bust Nigerian AI romance scam ring in Thailand

Thai police have arrested six Nigerian nationals accused of operating an AI-powered romance scam syndicate from a luxury condominium in Nonthaburi. AFP reported that the arrests followed an investigation that began with a cocaine trafficking case. The suspects were arrested during coordinated raids on May 22 at three condominium units along the Chao Phraya River […]

OpenAI unveils advanced AI agents to tackle complex ChatGPT tasks
Tech

OpenAI AI model cracks 80-year-old mathematical challenge

OpenAI has reported a significant advance in artificial intelligence reasoning after one of its models successfully addressed an 80-year-old mathematical challenge. The creator of ChatGPT said the breakthrough relates to the planar unit distance problem, a question first posed in 1946 by Hungarian mathematician Paul Erdős. The problem is easy to state: given a collection […]

Finance

Nigerian stock market ends seven-week winning streak

The Nigerian equities market closed the trading week ended May 22, 2026, on a weaker note, shedding 618.55 points to settle at 249,712.37 amid renewed profit-taking pressure. This marks a 0.25 per cent weekly decline from 250,330.92, ending the market’s seven-week winning streak as the benchmark index slipped below the key 250,000-point level. Trading activity […]

Nigerian retailers, wholesalers may not escape poverty – World Bank economists
Finance

Nigeria remains top IDA borrower despite W’Bank loan exposure decline

Nigeria retained its position as the International Development Association’s third-largest borrower in the first quarter of 2026 despite recording a slight decline in its exposure to the World Bank’s concessional lending arm. Data from the IDA’s latest March 2026 financial statements showed that Nigeria’s exposure fell to $18.5 billion as of March 31, 2026, from […]

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