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NMDPRA urges Africa to adopt regional fuel pricing

  • 30th July 2026

Seplat sells 10% JV stake to NNPCL for

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BREAKING: Femi Otedola acquires ₦222.20bn First HoldCo shares

  • 30th July 2026

World Bank warns Nigeria risks missing AI revolution

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OpenAI cuts prices for GPT-5.6 Terra, Luna weeks after

Tech

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Tech

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Business

Blog

Tech

Meta to slash 8,000 jobs in new round of layoffs

Meta is planning to reduce its workforce by about 10 per cent affecting roughly 8,000 employees. The company also intends to leave around 6,000 currently vacant positions unfilled according to Bloomberg. An internal memo sent to staff on Thursday said the job cuts will begin on May 20. Reuters had earlier reported that Meta was […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
featured Finance

Naira holds at ₦1,355 in official FX market, ₦1,420 in parallel market

The Nigerian naira continues to trade within a relatively narrow band against the United States dollar across both the official and parallel foreign exchange markets, reflecting sustained demand pressures and cautious market sentiment. At the Nigerian Foreign Exchange Market, which serves as the official window, the naira is trading around ₦1,350 to ₦1,355 per dollar […]

Aviation

Tinubu approves 30% debt relief for domestic airlines — Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, says President Bola Tinubu has approved a 30 per cent reduction on debts owed by domestic airlines to aviation agencies. Under the arrangement, local carriers will be required to pay only 70 per cent of their outstanding obligations to federal aviation bodies. Keyamo disclosed the decision […]

Business

Oil prices hit $105 as US-Iran ceasefire talks collapse

Oil prices climbed from about $100 per barrel on Wednesday to above $105 on Thursday, following the collapse of talks between Iran and the United States on a ceasefire agreement that was expected to reopen the Strait of Hormuz. Earlier, prices had dropped sharply from around $115 to $88 on Friday after both countries reached […]

Business

NUPRC heads to appeal court over Dawes Island marginal field ruling

The Nigerian Upstream Petroleum Regulatory Commission has approached the Court of Appeal to challenge a recent Federal High Court judgment concerning the Dawes Island marginal field, in a move reflecting the Federal Government’s effort to safeguard investments and ensure stability in the oil and gas sector. The commission’s application for leave to appeal was filed […]

Business

FCCPC, Lagos partner to curb unsafe goods, unfair trade

Nigeria’s consumer protection regulator has entered into a cooperation pact with Lagos State authorities to boost enforcement against unsafe goods, market misconduct, and unfair trade practices in Africa’s largest city economy. The Federal Competition and Consumer Protection Commission and the Lagos State Consumer Protection Agency announced on Thursday that they had signed a Memorandum of […]

RMAFC unveils revenue collection software
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RMAFC advances revenue formula review, begins nationwide data verification

The Revenue Mobilisation Allocation and Fiscal Commission has said the review of Nigeria’s revenue allocation formula is at an advanced stage, as it begins a nationwide data verification exercise to update the indices used for sharing revenue among the federation’s tiers of government. This was disclosed in a statement on Thursday by the Head of […]

featured Opinion

Atiku faults Tinubu’s fresh $516m Sokoto-Badagry loan request

Former Vice President Atiku Abubakar has fired a broadside at President Bola Tinubu over his request for Senate approval of a fresh $516 million external loan to finance portions of the Sokoto–Badagry Superhighway project, warning that Nigeria must not “borrow blindly” in the name of development. In a statement issued on Wednesday by his Senior […]

Business

FCCPC closes Abuja estate over alleged breach of buyers’ rights

The Federal Competition and Consumer Protection Commission has shut down Paradise Estate in Life Camp Extension, Abuja, over alleged breaches of consumer rights. The action followed several complaints from subscribers who said they fully paid for housing units that were never delivered. According to the Commission, the developer’s persistent refusal to comply with regulatory directives […]

Investment

Dangote pledges to build 650,000 bpd refinery in East Africa

Africa’s leading industrialist and President of the Dangote Group, Aliko Dangote, has said the refinery in Lagos can be replicated in East Africa with the right support. Vanguard reported that he made the pledge at the infrastructure summit – the Africa We Build Summit 2026 – on Thursday in Nairobi, Kenya. Dangote said: “I can […]

Business

MTN to compensate subscribers over poor network quality

MTN Nigeria has announced plans to compensate subscribers affected by poor network quality, in line with a recent directive from the Nigerian Communications Commission to mobile network operators. In a statement on Thursday, the telecom company said customers in areas where service disruptions were recorded will receive compensation covering November, December, and January. Although MTN […]

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