Business

Spain deploys military to Ceuta as migrant surge

  • 31st July 2026

MTN posts record N1.09tn H1 profit before tax

  • 31st July 2026

Naira hits N1,834 against British pound

  • 31st July 2026

NNPC absorbs 1,000 interns into workforce after training,

  • 31st July 2026

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Some Populer Post

Anthropic’s Claude breached three live systems during cybersecurity tests

Tech

Apple warns chip shortages could hit future iPhone, MacBook

Tech

Spain deploys military to Ceuta as migrant surge leaves

Business

MTN posts record N1.09tn H1 profit before tax

Business

Blog

Anthropic gives Claude AI power to end conversations
Tech

Anthropic launches Claude design to turn prompts into visuals

Anthropic said on Friday that it is rolling out Claude Design, an experimental tool that enables users to create visuals such as prototypes, slide decks, one-pagers, and other materials using Claude. The company said the feature is aimed at founders, product managers, and others without formal design experience who need an easier way to communicate […]

Uber seeks funding for Robotaxi expansion operations
Business

Uber lets customers return purchases without leaving home

Uber unveiled a new feature on Friday that allows customers to return purchased items without stepping outside their homes. The returns option, available through the Uber Eats app, is part of the company’s broader push to make its platform more “sticky” by expanding beyond ride-hailing and food delivery into additional everyday services. There are some […]

featured Finance

Nigerian insurers pay ₦307bn claims in 2025

Nigeria’s insurers paid N307.2 billion in claims in the 2025 financial year, up from N216.9 billion in 2024, representing a 41.6 per cent increase as stronger underwriting activity and rising policy utilisation pushed payouts higher across the industry. The increase reflects a broad rise in insurance activity, with data from 12 listed insurers showing that […]

MT praisel vessel was not carrying stolen petroleum — Navy
Maritime

NIMASA intensifies efforts to remove US entry ban on vessels

The Nigerian Maritime Administration and Safety Agency has stepped up efforts to address lingering port security gaps and secure the removal of entry restrictions on Nigerian-bound vessels, as it deepens collaboration with the United States Coast Guard. This comes as a USCG delegation, led by the Chief of International Port Security Operations, Mr. Bryan Ullmer, […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
Economy featured

Cardoso dismisses reserve fluctuations, assures strong buffers

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has dismissed concerns over recent fluctuations in the country’s external reserves, insisting that Nigeria remains in a strong and comfortable position, with buffers well above global benchmarks. Tribune reported that speaking at a Nigerian press conference to round up the International Monetary Fund/World Bank Spring Meetings […]

Aviation

NMDPRA assures two-month aviation fuel sufficiency amid scarcity fears

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has assured Nigerians of strong aviation fuel availability across the country, disclosing that current stock levels can sustain demand for a total of 74 days. BusinessDay reported that in a statement issued on Friday by Director, Public Affairs Department, George Ene-Ita, the Authority said inland reserves account […]

Shipping crisis stalls Dangote fuel distribution
Investment

Dangote Refinery IPO offers US dollar dividends to attract investors

Africa’s richest man, Aliko Dangote is seeking to draw investors into the planned listing of his refinery business by anchoring returns to United States dollar-denominated dividends, as he prepares to float about 10 per cent minority stake in one of Africa’s largest industrial assets to fund a sweeping expansion programme. The billionaire industrialist plans to […]

Opinion

Foreign interests hindering Africa’s refineries, Dangote warns

Africa’s richest man and President of Dangote Group, Aliko Dangote, has said that entrenched foreign interests are undermining Africa’s industrial development and slowing the continent’s push toward economic self-sufficiency. Dangote made the remarks while speaking at the Investing in Africa Forum, held on the sidelines of the ongoing IMF/World Bank 2026 Spring Meetings in Washington […]

featured Oil and Gas

Oil prices drop as Iran declares Strait of Hormuz ‘completely open’

Oil prices plunged Friday after Iran’s Foreign Minister Abbas Araghchi said the vital Strait of Hormuz was “completely open” for commercial tankers and cargo ships during the US-Iran ceasefire. International benchmark Brent North Sea crude plunged 10 per cent to $89.11 a barrel, after earlier falling five percent on US-Iran peace deal hopes. The main […]

Finance

CBN introduces new Nigerian overnight financing rate benchmark

The Central Bank of Nigeria and Financial Markets Dealers Associations have introduced the Nigerian Overnight Financing Rate as the new money market benchmark to promote consistent pricing of money market instruments. According to Vanguard, the CBN disclosed this Friday in a circular signed by its Acting Director, Corporate Communication, Mrs. Hakama Ali. “The Central Bank […]

featured Finance

Tinubu signs ₦68.32trn 2026 budget into law

President Bola Tinubu has signed the 2026 Appropriation Bill into law, authorising an aggregate expenditure of ₦68.32 trillion for the current fiscal year. He also signed a separate bill extending the implementation period of the 2025 budget from March 31 to June 30, 2026. The budget allocates ₦4.799 trillion for statutory transfers and ₦15.8 trillion […]

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