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CPPE warns reversing economic reforms could harm Nigeria’s economy

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Fraudsters demand crypto for safe passage through Strait of Hormuz – Report 

Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to several shipping firms, according to Reuters on Tuesday, citing a maritime security company. Greek risk advisory firm MARISKS said unidentified individuals posing as Iranian officials contacted companies with vessels stranded west of the strategic waterway, demanding transit […]

Business

Tinubu appoints Fatima Zuntu as NBMA director-general

President Bola Tinubu has approved the appointment of Fatima Zuntu as the Director-General and Chief Executive Officer of the National Biosafety Management Agency. In a statement on Monday, Chris Ugwuegbulam, head of information and public relations at the Office of the Secretary to the Government of the Federation, said the appointment took effect from April […]

featured

Who is John Ternus, Apple incoming CEO?

After 15 years, Tim Cook is set to step down as Apple CEO, passing the role to John Ternus, the company’s senior vice president of hardware engineering. Beginning September 1, Ternus will take charge of one of the world’s most valuable companies. Ternus has spent nearly half his life at Apple. At 51, he has […]

Apple CEO Tim Cook visits China amid iPhone sales decline
Tech

Apple CEO Tim Cook to step down after 14-year run

Apple announced on Monday afternoon that Tim Cook will step down as CEO, a position he has held since 2011 after taking over from the late Steve Jobs. Senior Vice President of Hardware Engineering John Ternus will assume the role of chief executive on September 1. Cook will transition to the role of executive chairman, […]

Business

FCCPC hails judgment reinforcing its statutory enforcement powers

The Federal Competition and Consumer Protection Commission has welcomed a Federal High Court judgment in Abuja that reaffirmed its statutory authority to investigate consumer complaints, following the dismissal of a case filed by Air Peace. In a statement on Monday, the Commission’s Director of Corporate Affairs, Ondaje Ijagwu, said the ruling delivered by Justice James […]

Business

DisCos remitted N77.99 billion in Q4 2025 – NERC

Nigeria’s electricity distribution companies remitted a total of N77.99 billion in the fourth quarter of 2025, covering 91.19 per cent of their financial obligations to the market. This is contained in the latest quarterly report published by the Nigerian Electricity Regulatory Commission However, the figures show a slight drop from the previous quarter, heightening concerns […]

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Wema Bank exceeds CBN recapitalisation target, retains national licence

Wema Bank has secured its position in Nigeria’s tier-2 financial sector after announcing on Monday that it has not only met but comfortably exceeded the Central Bank of Nigeria’s new recapitalisation requirement, thereby retaining its national banking licence. The bank reported a total qualifying capital of N264.7 billion, well above the N200 billion minimum set […]

Business opportunities in Nigerian waste collection industry
Business

EU, LAWMA convene over rising construction waste

European Union-backed partners, in collaboration with the Lagos State Waste Management Authority, have intensified efforts to address construction and demolition waste in Lagos through the Green Waste Remediation and Recycling Vocational Training Workshop. The workshop, held at the LCCI Conference and Exhibition Centre in Ikeja, brought together policymakers, industry stakeholders, academics and development partners to […]

WhatsApp rolls out voice note transcription feature in India
Tech

Meta expands subscription strategy with WhatsApp Plus trial

Meta Platforms is expanding its push into subscription-based services, testing a new paid tier for WhatsApp that offers enhanced customization features. According to WABetaInfo, the company is rolling out a “WhatsApp Plus” plan to a limited group of users. The subscription includes cosmetic and quality-of-life upgrades such as exclusive stickers, themed interfaces, custom app icons, […]

Transportation

Dispatch rider killed by speeding NIPCO tanker in Lagos

The Lagos State Traffic Management Authority has confirmed a fatal crash at Motorways inward Estate, Alapere, Lagos, which claimed the life of a dispatch rider. LASTMA General Manager, Mr Olalekan Bakare-Oki, confirmed the accident in a statement on Monday. He said preliminary findings showed that an empty NIPCO tanker, registration number TTN-776ZQ, allegedly speeding, rammed […]

Oil and Gas

Tankers turn back as Hormuz crisis deepens shipping chaos

Traffic once again seized up in the Strait of Hormuz as both Tehran and Washington imposed separate blockades, with Iranian vessels continuing to test the United States shutdown, tracking data showed Monday. Iran announced on Friday that it would reopen the strategic waterway, but the United States did not reciprocate for vessels going to and […]

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