Business

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

  • 15th August 2026

PwC flags gaps in new NRS virtual asset

  • 15th August 2026

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

  • 15th August 2026

Anthropic revenue soars 1,360% ahead of planned IPO

  • 15th August 2026

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RMAFC completes review of Nigeria’s revenue allocation formula

Finance

BRICS explores merging payment systems to cut transaction costs

Finance

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

Business

AI-driven cyberattacks surge 56% – IBM

Business

Blog

featured

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 […]

Electricity

TCN confirms vandalisation of six transmission towers, suspect arrested

The Transmission Company of Nigeria has confirmed the vandalisation of six transmission towers along the Yola-Jalingo 330kV Transmission Line, while the Nigeria Police Force has arrested a principal suspect allegedly linked to the incident. The affected towers — T995, T998, T999, T1002, T1003 and T1004 — were discovered damaged during a routine inspection by TCN […]

Finance

Anthropic created fake identities to push malicious code – Report

Anthropic’s Mythos AI model created fake online identities in an attempt to persuade humans to approve malicious code updates to an open-source project, marking another cybersecurity incident involving a frontier AI system. The incident occurred during a cybersecurity evaluation conducted by the U.K.-based AI Security Institute, which removed safeguards, disabled selected safety filters, and deliberately […]

Energy

Oil prices rise after Houthi attack on Saudi tanker

Crude oil prices climbed on Wednesday after Yemen’s Iran-backed Houthi militants claimed responsibility for an attack on a Saudi Arabian tanker in the Red Sea, raising concerns over potential disruptions to global energy supplies. Brent crude, the international benchmark, gained 1 per cent to trade at $80.15 per barrel, while U.S. West Texas Intermediate futures […]

Aviation

Nigeria’s scheduled airline seats rise to 1.22 million, tops Africa in growth

Nigeria’s scheduled airline seat capacity increased by 37 per cent year-on-year to 1.22 million seats in August 2026, marking the fastest growth among Africa’s leading aviation markets. The figures are contained in the OAG Scheduled Capacity Data for August 2026, which tracks scheduled airline seat capacity across the African continent. The report showed that Nigeria […]

Business

Customs recruits 3,852, from 573,680 recruitment applications

The Nigeria Customs Service on Tuesday announced the final list of successful candidates for its 2024/2025 recruitment exercise, with only 3,852 applicants selected from a total of 573,680 applications. The Service also disclosed plans to adopt an annual recruitment cycle. Speaking at a press briefing at the Service headquarters in Abuja, the Comptroller-General of Customs, […]

Business

CBN links stronger reserves, easing inflation to ongoing policy reforms

The Central Bank of Nigeria said on Tuesday that recent stability in the foreign exchange market, stronger external reserves and easing inflation suggest that its ongoing monetary policy reforms are beginning to deliver positive results. The apex bank disclosed that Nigeria’s external reserves climbed above $52.5bn as of July 17, 2026, surpassing its annual target […]

Business

Dangote Refinery eyes $5bn IPO to expand Lagos plant capacity

Dangote Petroleum Refinery & Petrochemicals FZE is targeting about $5bn through an Initial Public Offering expected to conclude in October, with the proceeds earmarked to expand its Lagos refinery’s capacity to 1.4 million barrels per day. According to a Reuters report on Tuesday, the proposed transaction could become Africa’s biggest-ever stock market listing. Sources familiar […]

Electricity

Four in 10 Nigerians remain without reliable electricity grid – REA

The Managing Director and Chief Executive Officer of the Rural Electrification Agency, Abba Aliyu, says more than 85 million Nigerians, about 40 per cent of the country’s population, still lack reliable access to grid electricity. Aliyu also expressed concern over Nigeria’s continued reliance on imported renewable energy equipment despite its vast solar energy potential. He […]

featured

Unions move to shut down airlines over unpaid ticket sales charges

Nigeria’s aviation industry could be headed for another round of industrial action as two major aviation unions have threatened to begin picketing airlines accused of withholding billions of naira in statutory Ticket Sales Charges, warning that the action could commence “anytime from now.” The threat comes after the expiration of a seven-day ultimatum issued to […]

Business

African Alliance files recapitalisation plan with NAICOM

African Alliance Insurance Plc says it has submitted its recapitalisation plan to the National Insurance Commission and is awaiting further regulatory directives before beginning implementation. The insurer disclosed this in a market update filed with the Nigerian Exchange on Tuesday in response to an enquiry by NGX Regulation Limited following media reports identifying insurers that […]

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