Business

Senator Natasha urges reciprocal visa measures for South

  • 31st July 2026

Samsung warns global RAM chip shortage could last

  • 31st July 2026

Spain deploys military to Ceuta as migrant surge

  • 31st July 2026

MTN posts record N1.09tn H1 profit before tax

  • 31st July 2026

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Senator Natasha urges reciprocal visa measures for South African

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Business

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Tech

SpaceX phases out unpermitted xAI power turbines for 1.2GW

Tech

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Naira closes week stronger at N1,534.72/$ 
Business

CBN’s new diaspora remittance rules to open market

The Central Bank of Nigeria’s new reforms on diaspora remittances aim to break entrenched monopolies in the foreign exchange market, increase inflows, and enhance transparency. The President of the Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, made this disclosure on Friday that the central bank’s policy marks a crucial move toward liberalising […]

Business

Middle East conflict threatens Nigeria’s economy – Cardoso

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has raised concerns over the escalating conflict in the Middle East, warning that it poses a serious threat to Nigeria’s economic stability. Speaking at the Monetary Policy Forum in Abuja on Thursday, Cardoso noted that the tensions could have far-reaching implications for the country’s financial […]

Oil and Gas

NNPCL targets 600tn cubic feet gas reserves expansion

The Nigerian National Petroleum Company Limited has announced plans to increase the country’s gas reserves from the current 210 trillion cubic feet to about 600 trillion cubic feet. The company also revealed ongoing efforts to attract approximately $60 billion in investments into Nigeria’s gas sector as part of its broader expansion strategy. The disclosure was […]

Elon Musk’s xAI secures $10bn in funding to expand AI
Tech

Dutch court orders Musk’s xAI to halt sexualised image generation

A Dutch court has directed Elon Musk’s xAI to halt the creation and distribution of nude images of individuals without their consent in the Netherlands, warning that it will impose a €100,000 ($115,350) daily fine for any violation. In its ruling on Thursday, the Amsterdam District Court said xAI’s Grok artificial intelligence tool and the […]

Business

FG launches major reform to revamp Nigeria’s cooperative sector

The Federal Government has unveiled a comprehensive reform plan aimed at repositioning Nigeria’s cooperative sector, including proposals to establish a cooperative bank and introduce a nationwide digital registry system. Speaking on Thursday at the 8th National Council on Cooperative Affairs in Abuja, the Minister of State for Agriculture and Food Security, Aliyu Abdullahi, said the […]

Private sector laments loan repayment as interest rate hits 26.26%
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32 banks meet revised capital requirements, CBN confirms

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, announced that 32 Nigerian banks have met the revised minimum capital requirements under the ongoing recapitalisation programme, marking a significant milestone in efforts to strengthen the nation’s financial system. Speaking at the Monetary Policy Forum in Abuja on Thursday, Cardoso described the progress as “commendable,” […]

Business

Tinubu expands CNG initiative to include electric vehicles

President Bola Tinubu has approved the expansion of the Presidential Initiative on Compressed Natural Gas to incorporate electric vehicles, marking a new phase in the initiative’s repositioning. The program will now be called the Presidential Initiative on Compressed Natural Gas and Electric Vehicles. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Business

NCC unveils TIRMS to tackle mobile number fraud

The Nigerian Communications Commission has introduced a new Telecoms Identity Risk Management System to combat mobile number-related fraud and enhance digital security across industries. Announced on February 27, the initiative will provide a cross-sector platform enabling financial and security regulators to monitor recycled phone numbers, helping to curb fraud from SIM card reassignment. At a […]

Reps adopt tax reforms, retains VAT at 7.5%
News

Lawmakers demand more funding for power sector amid national outages

The Chairman of the House Committee on Power, Victor Nwokolo, has urged greater investment in the electricity sector as the country grapples with widespread power outages. He made the appeal during the inauguration of the Nigerian Electricity Liability Management Company headquarters in Abuja on Thursday, According to the News Agency of Nigeria. Nwokolo noted that […]

Business

Poultry farmers raise alarm over $900m China deal

Poultry farmers in Nigeria have raised concerns over the proposed $900 million poultry investment deal between the Federal Government and China, cautioning that poor execution could harm the local industry. The Poultry Association of Nigeria made this disclosure in an interviews with the News Agency of Nigeria on Thursday in Lagos, with key stakeholders voicing […]

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