Business

KPMG to cut nearly 400 jobs as crisis

  • 24th August 2026

Oil prices drop as US prepares toughest-ever Iran

  • 24th August 2026

NICA urges FG to inject N2tn into credit

  • 24th August 2026

UK power plant hit by suspected Iran-linked cyberattack

  • 24th August 2026

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Rising rig activity fails to lift Nigeria’s crude oil

Oil and Gas

Uber faces €825m fine over alleged GDPR violations

Tech

Lagos pensioners give Sanwo-Olu August 31 deadline over unpaid

Finance

Pension contributions rose to 11.18 million in Q1

Finance

Blog

Anthropic gives Claude AI power to end conversations
Tech

Anthropic warns fictional AI stories can shape real model behaviour

Anthropic has suggested that fictional depictions of artificial intelligence can influence real AI behaviour. Last year, the company reported that in pre-release testing involving a fictional company, Claude Opus 4 would sometimes attempt to blackmail engineers to prevent being replaced by another system. Anthropic later released research showing that other companies’ models also exhibited similar […]

Business

FEC approves key PPP projects to boost transport, power systems

The Federal Executive Council has approved three public–private partnership initiatives aimed at boosting Nigeria’s transport and power infrastructure. The approved projects include a smart national transport data bank to be developed under the Nigerian Institute of Transport Technology, as well as independent power projects for the Onne Port in Rivers State and the Apapa Port […]

Business

NNPC rules out spending on new refinery rehabilitation deal

New information has surfaced regarding the recently signed Memorandum of Understanding between the Nigerian National Petroleum Company Limited and two Chinese firms — Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd — to explore a potential Technical Equity Partnership aimed at supporting the completion and operation of the Port […]

Finance

NPA ex-workers lament low N30,000 pension despite years of service

The President of the Nigeria Port Authority Pensioners and Welfare Association, Charles Binitie, has revealed that some retired workers under the old pension scheme still receive as low as N30,000 monthly pension despite years of service, even as the association suspended its planned protest following Federal Government intervention. Speaking in an interview with Vanguard Maritime, […]

FG didn't tamper with MTN, 9Mobile, other internet connection - Minister
Business

FG threatens actions against MTN, Airtel, others over poor services

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has warned that “appropriate regulatory action” will be taken against MTN Nigeria, Airtel Nigeria, Globacom and T2 if they fail to address persistent network issues and improve the quality of call and data services. Tijani made this known in a statement issued to Nairametrics […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Business

Microsoft data centre project in East Africa delayed over payment dispute

A planned Microsoft data centre project in East Africa has been delayed following disagreements with the Kenyan government over the company’s demand for guaranteed payments. This was disclosed in a Bloomberg report on Sunday, citing sources familiar with the discussions. In May 2024, Microsoft teamed up with UAE-based artificial intelligence company G42 to invest $1 […]

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Finance

SERAP urges Tinubu to probe missing ₦26.9bn USPF funds

The Socio-Economic Rights and Accountability Project has called on President Bola Ahmed Tinubu to urgently direct the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, and the Secretary of the Universal Service Provision Fund, Yomi Arowosafe, to account for and explain the whereabouts of an alleged N26.9 billion in public funds said to […]

Business

MAN urges FG to guarantee steady crude supply for refineries

The Manufacturers Association of Nigeria has urged the Federal Government to guarantee steady crude oil supply to refineries and petrochemical facilities, and to significantly scale up investment in gas infrastructure, following the Dangote Petroleum Refinery’s agreement with Honeywell UOP to expand petrochemical output. Commenting, MAN Director-General Segun Ajayi-Kadir said the partnership would bolster Nigeria’s petrochemical […]

featured Oil and Gas

US crude imports from Nigeria fall 15% in Q1

The United States spent $578.78m on crude oil imports from Nigeria in the first quarter of 2026, down from $681.40m in the corresponding period of 2025, according to data from the United States Census Bureau and the Bureau of Economic Analysis. The latest figures, contained in the agencies’ March 2026 international trade report, show that […]

featured News

US-Iran war may raise condom prices in Nigeria — Experts

Health experts have warned that prices of condoms may increase in Nigeria, and likely lead to shortages if the crisis in the Middle East disrupting global oil supply chains continues. The experts in the pharmaceutical sector explained that the ongoing conflict between the United States and Iran was already disrupting supplies and raw materials used […]

Business

Crude supply to local refineries hits 58.8m barrels

Oil producers in Nigeria supplied approximately 58.8 million barrels of crude oil to domestic refineries in the second quarter of 2026, surpassing the 55.1 million barrels earmarked under the Domestic Crude Supply Obligation framework. The move reflects a stronger commitment by upstream operators to meet local refining needs, as domestic capacity expands with the ramp-up […]

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