Business

Businessman accuses ‘fake’ agency DG of N400m contract

  • 5th August 2026

EFCC freezes Osun government account

  • 5th August 2026

FG to clear outstanding wage awards before mid-August

  • 5th August 2026

NIS denies suspending passport services in Kano

  • 5th August 2026

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Businessman accuses ‘fake’ agency DG of N400m contract scam

Business

EFCC freezes Osun government account

Business

FG to clear outstanding wage awards before mid-August

Business

SpaceX revenue jumps 92% as Starlink, AI deals drive

Tech

Blog

PenCom recovers N25.45bn unremitted contributions
Business

PenCom promises to uphold contributors’ interests

The Director-General of the National Pension Commission, Aisha Dahir-Umar, has stated that PenCom is preserving contributors’ interests as funds under the Contributory Pension Scheme rise. The director-general was addressed at the Lagos 2023 Journalists’ Conference while being represented by the head of the corporate communications department, Abdulqadir Dahiru. According to her, “PenCom’s proactive regulatory strategy has increased the […]

Equity market loses N92bn as stocks tumbles
Business

GSK, Dangote Sugar boosts stock market by 0.22%

The Nigerian Exchange Limited All-Share Index increased by 0.22 percent at the conclusion of the previous week due to gains in the stocks of Dangote Sugar Refinery Plc (25%) and Glaxo Smithkline Consumer Nigeria Plc (20.27%). The Punch reported that the market capitalization increased to N35.48 trillion from N35.4 trillion the previous week, giving investors a […]

Portuguese data watchdog halts Worldcoin’s iris-scanning project
News Tech

Worldcoin’s $50 eye-scaning orb draws millions of users

OpenAI CEO Sam Altman’s identity project, WorldCoin, has gotten millions of people waiting up around orbs to get their irises scanned. The project which has elicited interest from people who want to make easy $50 has raised concerns from around the globe with the European Union asking questions about privacy and Kenya banning the project […]

MT praisel vessel was not carrying stolen petroleum — Navy
Business

MT praisel vessel was not carrying stolen petroleum — Navy

The Nigerian Navy has stated that the vessel captured by Tantita Security Services Limited was not carrying stolen crude oil. The Director of Naval Information, Commodore Adedotun Ayo-Vaughan, made this announcement on Sunday in Abuja. The 1,117-tonne ship, which was carrying roughly 8,100 barrels of petroleum, was intercepted on Wednesday by Tantita Security Outfit, a […]

Conferences

MANEG, AfCFTA secretariat train exporters to boost export revenue

The Manufacturers Association of Nigeria Export Promotion Group and Secretariat of the National Action Committee on the African Continental Free Trade Area has trained exporters in a bid to improve non-oil export enterprise in Nigeria.   Speaking at the flag-off of the training programme which took place in July, acting chairman of MANEG, Odiri Erewa-Meggison, […]

Telegram expands crypto wallet access to users
News Tech

Iraq bans Telegram over privacy concerns

Messaging app, Telegram has been prohibited in Iraq, according to the country’s telecoms ministry, due to concerns about national security and to protect the privacy of users. “The Ministry of Communications affirms its respect for citizens’ rights to freedom of expression and communication, without prejudice to the security of the state and its institutions,” the […]

Aviation ministry gets N40bn approval for NAVAID upgrade
Aviation

Aviation sector gears up for safety audit – NSIB

The Nigerian Safety Investigation Bureau has declared that the country’s civil aviation sector will be subjected to a full safety assessment by the International Civil Aviation Organisation by the end of August 2023. The Punch reported that this was said during the Banjul Accord Group Accident Investigation Agency’s closing ceremony in Abuja on Friday by […]

NGX halts trading of delisted-GSK shares
Business

Shareholders demand payment as GSK quits

Following the reported closure of GlaxoSmithKline Consumer Nigeria Plc’s activities in the country, shareholders have requested adequate reimbursement for their investment. The Punch reported that in a statement released on Thursday and signed by the company secretary for GSK’s Nigerian subsidiary, Frederick Ichekwai, the company said it would cease operations in Nigeria and switch to a […]

NCDMB, BOI sign new MoU over manufacturing fund
Business

NCDMB, MDAs partners to achieve strategic objectives

The Nigeria Content Development Monitoring Board has stated that the ultimate engagement of ministries, departments, and agencies of the government is for it to achieve its strategic goals as the drive for local content strengthens its tentacles in the oil and gas industry and continues to gain speed. In order to bolster its desire for […]

6000 brands receive certification from SON
Business

SON promises effective enforcement

The Standard Organisation of Nigeria has pledged to guarantee the country’s manufacture of high-quality goods. While giving the MANCAP certificate for “5ml Deleject Disposable Syringes and Needles,” one of the products of HMA Medical Limited, the quality control organisation made the pledge in Ilorin, Kwara State. The company reaffirmed its dedication to getting rid of […]

FG targets 6500 megawatts power generation in six months
Electricity

FG grants company license to generate 723MW

The Federal Government has approved the issuing of two power-generating licences totaling 723 megawatts. The Punch reported that when the power projects were finished, the country’s electrical output would increase by more than 700MW. After the successor electricity generating and distribution arms of the industry were unbundled and privatized in November 2013, power sector operators […]

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