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Airtel, Starlink debut satellite-to-mobile connectivity in Africa

  • 15th August 2026

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Nigeria’s exports to China jump 80% to $2.3bn

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Anthropic revenue soars 1,360% ahead of planned IPO

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RMAFC completes review of Nigeria’s revenue allocation formula

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Airtel, Starlink debut satellite-to-mobile connectivity in Africa

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EFCC defends Osun account freeze, cites N11bn probe

The Economic and Financial Crimes Commission has justified its decision to restrict access to the Osun State Government’s bank account, saying the action was necessary to prevent the alleged diversion of public funds currently under investigation. The anti-graft agency, in a statement on Wednesday by its Head of Media and Publicity, Dele Oyewale, dismissed claims […]

Business

Osun to sue EFFC over frozen account

Osun State Attorney General and Commissioner for Justice, Oluwole Jimi-Bada, on Wednesday, said he had received the mandate of Governor Ademola Adeleke to institute legal action against the Economic and Financial Crimes Commission over the freezing of the state government’s accounts. Jimi-Bada disclosed that the EFCC issued a “Post No Debit” instruction to First Bank, […]

Business

US introduces $250,000 visa bond rule for some applicants

The United States has introduced a new pilot programme requiring some prospective immigrants to pay visa bonds of up to $250,000 before they can receive immigrant visas. The policy, which takes immediate effect, applies to certain immigrant visa applicants from the Dominican Republic who have been deemed inadmissible on “public charge” grounds. US officials said […]

Business

Delta attracts foreign investors as Brazil, Malaysia, explore partnerships

The Delta State Government’s efforts to attract foreign direct investment gained momentum on Wednesday as investors from Brazil, Malaysia and the United States indicated interest in partnering with the state across agriculture, energy and industrial sectors. The investors expressed their willingness to collaborate with Delta State after touring key investment locations as part of activities […]

Business

Businessman accuses ‘fake’ agency DG of N400m contract scam

The Managing Director of Divine Dopacy Nigeria Limited, Gbenga Collins, has told the House of Representatives Ad-hoc Committee investigating the Presidential Foreign Investment Promotion Council that he paid N400 million to the council’s purported Director-General, Adeniyi Adeyemi, after allegedly being promised a contract to renovate and furnish what was presented as the DG’s official residence. […]

Business

EFCC freezes Osun government account

The Economic and Financial Crimes Commission has ordered a restriction on withdrawals from the Osun State Government’s statutory allocation account as part of an ongoing investigation. In a letter dated August 5, 2026, and signed by EFCC Assistant Commander Adenike Babalola on behalf of the Director of Investigation, the commission directed First Bank to place […]

Business

FG to clear outstanding wage awards before mid-August

The Federal Government has assured public servants that all outstanding wage award payments will be settled before mid-August, while efforts are underway to process pending promotion arrears as part of its commitment to clearing workers’ outstanding entitlements. The assurance was given on Wednesday by the Minister of Finance and Coordinating Minister of the Economy, Wale […]

Tech

SpaceX revenue jumps 92% as Starlink, AI deals drive post-IPO growth

SpaceX nearly doubled its revenue year-on-year, driven largely by rapid growth in its Starlink satellite internet business and new agreements to provide computing capacity to Anthropic and Google, the company said in its first quarterly earnings report since its public listing. Revenue surged 92 per cent to $7.8 billion in the second quarter of 2026, […]

Business

Trump administration refunds $100bn after court voids ‘liberation day’ tariffs

The Trump administration has refunded approximately $100 billion in tariff revenue collected before the United States Supreme Court invalidated President Donald Trump’s “Liberation Day” tariffs. The refund, disclosed on Tuesday in a filing before the U.S. Court of International Trade, accounts for about 60% of the estimated $166 billion generated from the broad tariffs imposed […]

Business

NIS denies suspending passport services in Kano

The Nigeria Immigration Service has refuted claims that it suspended passport services in Kano, clarifying that its directive to migrate two passport production centres in the state to the Central Personalization Centre does not signify a shutdown of passport operations. The clarification, issued on August 5, followed concerns that the relocation of the additional passport […]

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Dangote slashes petrol price to N1,165, diesel to N1,570

The Dangote Petroleum Refinery has reduced the ex-depot prices of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) in a move aimed at making refined petroleum products more affordable for consumers. Under the revised pricing structure, the refinery cut the ex-depot price of petrol by N50, from N1,215 per litre to N1,165 per litre, […]

Tech

Apple briefly removed Telegram from App Store over child abuse content

Telegram was briefly removed from Apple’s App Store worldwide after Apple reported that a user had shared child sexual abuse material through the messaging platform, Telegram said on Tuesday. The incident echoes a similar suspension in 2018, when Apple temporarily removed Telegram over what founder Pavel Durov described as “inappropriate content.” The app was later […]

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