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Nigeria secures $155m clean energy investments

  • 26th July 2026

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  • 25th July 2026

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  • 25th July 2026

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  • 24th July 2026

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Global FDI hits $1.6trn in 2025 as Nigeria’s inflow

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Policy and Regulations

US expands sanctions on Iran’s oil shipping network

The United States on Tuesday expanded its sanctions targeting Iran’s oil sector, taking further aim at the network of petroleum shipping magnate Mohammad Hossein Shamkhani, the Treasury Department said. Treasury Secretary Scott Bessent said the department had also frozen $130 million held in digital wallets linked to Iran’s central bank, hitting a sector that has […]

Finance

Naira strengthens to ₦1,412/$ in parallel FX market

The naira recorded mixed performance against the United States dollar across the official Nigerian Foreign Exchange Market and the parallel market on Wednesday, July 15, 2026, as traders continued to monitor foreign exchange liquidity and demand. At the official market, the naira traded at an indicative exchange rate of approximately N1,382 per US dollar, according […]

featured Oil and Gas

Nigeria loses 3,100GWh to gas flaring in May — Report

There are indications that the Federal Government’s ambition to transform Nigeria into a gas-driven economy by 2030 is facing significant challenges, as the country lost an estimated 3,100 gigawatt-hours of electricity generation potential to persistent gas flaring by oil companies in May 2026. This came as figures released by the Nigerian Upstream Petroleum Regulatory Commission […]

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NiMet predicts thunderstorms, flooding in parts of Nigeria

The Nigerian Meteorological Agency has predicted cloudy and thundery weather activities from Wednesday to Friday across the country. NiMet’s weather outlook released in Abuja envisaged patches of clouds over the northern region on Wednesday, with prospects of morning thunderstorms accompanied by light rains over parts of Taraba and Kebbi States during the morning hours. NiMet […]

featured Investment

Nigeria, three African nations forge new cocoa value alliance

The Federal Government, cocoa-producing states and three other African countries have agreed to deepen cooperation to boost cocoa processing, improve farmers’ earnings and retain more value from the global chocolate industry within Africa. Vanguard reported that speaking at the Cocoa Value Addition Summit in Abuja on Tuesday, the Minister of State for Industry, Trade and […]

Tech

Users allege OpenAI’s GPT-5.6 Sol deleted files without permission

Users of OpenAI’s latest coding and cybersecurity-focused flagship model, GPT-5.6 Sol, have shared alarming accounts on social media, alleging that the model deleted files, data and even entire databases without seeking their permission. “GPT-5.6-Sol just accidentally deleted almost ALL of my Mac’s files,” wrote Matt Shumer, the founder and CEO of AI startup OthersideAI, maker […]

Energy

Oil prices climb as US strikes Iran, tightens Hormuz blockade

Oil prices edged higher in volatile trading on Wednesday after the United States launched another round of strikes on Iran and reinstated its naval blockade of Iranian ports near the Strait of Hormuz. U.S. West Texas Intermediate crude for August delivery gained 0.64 per cent to $79.85 per barrel, while September Brent crude futures, the […]

Business

Reps probe CBN, NNPC over alleged unpaid revenues to FG

The House of Representatives Public Accounts Committee on Tuesday intensified its investigation into revenue remittances by federal agencies, directing the Office of the Accountant-General of the Federation to provide a comprehensive breakdown of outstanding operating surplus and other revenues allegedly owed to the Federal Government by the Central Bank of Nigeria, the Nigerian National Petroleum […]

Aviation

FG reaffirms commitment to transform aviation sector

The Federal Government has reaffirmed its commitment to transforming Nigeria’s aviation sector by improving safety, expanding infrastructure, enhancing passenger experience, creating jobs, and strengthening stakeholder engagement. The commitment was reiterated during the Second Quarter 2026 Hybrid Stakeholders/Citizen Engagement on Presidential Priorities and Ministerial Deliverables in the Aviation Sector, held at the Nigeria Civil Aviation Authority […]

Business

Petroleum marketers reject Dangote’s dollar pricing, warn of forex pressure

Independent petroleum marketers have criticised the Dangote Petroleum Refinery’s decision to price petroleum products in United States dollars, warning that the policy could intensify foreign exchange pressures and create fresh instability in Nigeria’s downstream oil sector. The stakeholders on Tuesday acknowledged the refinery’s right as a private enterprise to determine its commercial strategy but cautioned […]

Business

FG reviews Chinese firm’s proposal to build 10,000 homes

The Federal Government has begun reviewing a proposal by China Hyway Group Limited to deliver 10,000 housing units across Nigeria within 30 months. The Federal Ministry of Housing and Urban Development announced the development in a statement issued on Tuesday. If approved, the project will use prefabricated construction technology under an Engineering, Procurement, Construction and […]

Tech

Apple holds talks with AI startup to run powerful models on iPhones

Apple is in discussions with Silicon Valley startup PrismML over technology that compresses large artificial intelligence models enough to run directly on iPhones. This was disclosed by the company’s Chief Executive Officer, Babak Hassibi, according to CNBC. On Tuesday, the Khosla Ventures-backed startup, which was spun out of the California Institute of Technology, United States […]

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