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  • 22nd August 2026

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  • 21st August 2026

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Canada vows retaliatory tariffs after US trade talks collapse

Policy and Regulations

Probe Oyedele, Edun over ₦12trn subsidy savings gap, APM

Opinion

PENGASSAN elects Olabiyi-Agoro to succeed Osifo as president

Appointments

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Finance

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Tech

Google Translate rival DeepL slashes 25% of workforce

DeepL, a Germany-based artificial intelligence company known for its translation tools and seen as a rival to Google Translate, has announced plans to reduce its workforce by about 25 per cent. Chief Executive Officer Jarek Kutylowski said the move reflects a “massive structural shift” driven by advances in AI. In a post on LinkedIn, Kutylowski […]

Electricity

MainPower restores Enugu power after rainstorm cuts 12 communities

MainPower Electricity Distribution Limited says it has begun the repair of feeders affected by a heavy rainstorm in the Enugu metropolis. The company said no fewer than 12 communities in the metropolis were plunged into darkness following a heavy rainstorm and strong winds that damaged key electricity infrastructure on Sunday afternoon. The outage, which disrupted […]

Oil and Gas

Dangote Refinery exports 57m barrels jet fuel since April 2024

Dangote Petroleum Refinery exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026, with shipments fluctuating sharply month-to-month but rising to a peak of about 160,000 barrels per day in the latest data. The PUNCH reported that an analysis of export volumes from energy intelligence platform Kpler shows that the […]

Banking

Banks post mixed 2025 results amid profit decline

Nigeria’s largest banks delivered a mixed but ultimately reassuring set of financial results in 2025, with balance sheet expansion and revenue growth offset by a sharp, policy-driven hit to profitability. The PUNCH reported that according to the 2025 audited financial statement for the period ended 31 December, tier-one lenders’ gross earnings rose broadly, with the […]

Oil and Gas

Refiners fail to lift $3.13bn worth of crude in Q1 — NUPRC

Domestic refiners in Nigeria left an estimated $3.13bn worth of crude oil unlifted in the first quarter of 2026, highlighting deepening inefficiencies in the country’s crude supply framework. Analysis of data released by the Nigerian Upstream Petroleum Regulatory Commission on Wednesday showed that while crude producers made significant volumes available under the Domestic Crude Supply […]

Oil and Gas

US-Iran war pushes France trade deficit to €6.9bn

Rising oil prices owing to the Iran war saw France’s trade deficit widen by 1.4 billion euros in March to 6.9 billion euros, authorities said Thursday. According to AFP, imports hit 59.3 billion in March, an increase of 1.8 billion over the previous month. Customs authorities stated that was largely due to the “rise in […]

NITDA to develop blockchain "Nigerium" for data Security
Business

NITDA raises alarm over AI malware DeepLoad

The National Information Technology Development Agency has issued a warning over a new AI-driven malware called DeepLoad, saying it is actively targeting government institutions, financial organisations, businesses, and individuals in Nigeria. In an advisory released on May 6 through its Computer Emergency Readiness and Response Team and posted on its official X account, the agency […]

Banking

Access Holdings explains non-payment of 2025 dividend to shareholders

Access Holdings Plc has reaffirmed its commitment to long term shareholder value and sustainable returns, following a strong performance in the 2025 financial year, while providing clarity on the rationale for the non payment of dividends for the year ended December 31, 2025. The clarification was provided during the Group’s full year 2025 investors and […]

Business

OPay partners CBN to promote financial literacy among youth

OPay, a leading fintech company in Nigeria, partnered with the Central Bank of Nigeria at the Global Money Week 2026 Financial Literacy Fair and Exhibition held on Tuesday, 28th April 2026 at CBN’s headquarters in Abuja. The event, themed “Smart Money Talks,” brought together students from secondary schools across the Federal Capital Territory, including Doveland […]

Naira closes week stronger at N1,534.72/$ 
featured Finance

Naira trades stable at ₦1361/$ as FX turnover rises

The naira recorded slight gains against the United States dollar on Thursday, May 7, 2026, across both the official Nigerian Foreign Exchange Market and the parallel market amid improved forex liquidity and sustained interventions by the Central Bank of Nigeria. Data from the Central Bank of Nigeria showed that the naira appreciated to about ₦1,361 […]

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