Business

KPMG to cut nearly 400 jobs as crisis

  • 24th August 2026

Oil prices drop as US prepares toughest-ever Iran

  • 24th August 2026

NICA urges FG to inject N2tn into credit

  • 24th August 2026

UK power plant hit by suspected Iran-linked cyberattack

  • 24th August 2026

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KPMG to cut nearly 400 jobs as crisis deepens

Business

Oil prices drop as US prepares toughest-ever Iran sanctions

Business

NICA urges FG to inject N2tn into credit guarantee

Business

UK power plant hit by suspected Iran-linked cyberattack

Business

Blog

Meta scraps fact-checking program, introduces X-like community notes feature
Tech

Philippines urges Meta to crackdown on online disinformation

The Philippine government has urged Meta Platforms Inc. to act swiftly to curb what it describes as the spread of false and panic-inducing content across Facebook and its other platforms. Officials cautioned that failure to respond promptly could trigger legal and regulatory action, According to Bloomberg. In a statement issued by the Presidential Communications Office, […]

Meta offered $100m bonuses to lure OpenAI staff, Altman alleges
Business

Sam Altman addresses alleged residence attack, media scrutiny

OpenAI Chief Executive Officer Sam Altman has published a blog post addressing both an alleged attack on his residence and a recent in-depth profile by The New Yorker that questioned his credibility. On Friday morning, an individual allegedly hurled a Molotov cocktail at Altman’s home in San Francisco. No injuries were reported. According to the […]

featured Finance

Oyedele dismisses claims of errors in new tax reform laws

The Minister of State for Finance, Taiwo Oyedele, has dismissed reports claiming he admitted to errors in Nigeria’s new tax reform laws, describing the publications as “misleading” and a misrepresentation of his remarks. In a statement by the Presidential Fiscal Policy and Tax Reforms on Sunday, Oyedele clarified that his comments at a recent Nigerian […]

SERAP sues Wike, governors, over failure to account for N40tn LGA allocations
Scams

SERAP urges Tinubu to probe missing ₦2.9bn in NIGCOMSAT, NNRA

The Socio-Economic Rights and Accountability Project has urged President Bola Tinubu to direct Dr Bosun Tijani, Minister of Communications, Innovation and Digital Economy, and the management of both the Nigerian Communications Satellite Limited and the Nigerian Nuclear Regulatory Authority to account for and explain the whereabouts of the alleged missing or diverted ₦2.9 billion of […]

Maritime

Navy arrests two vessels with ₦4bn stolen crude oil

The Nigerian Navy has arrested two vessels, MT Mkpodu and MT Westaf AF, with over 939 metric tons of suspected stolen crude oil worth over N4 billion. The News Agency of Nigeria reported that 26 crew members were also arrested in the operations. The Commander, Joint Task Force South South Operation Delta Safe (OPDS), Rear […]

Business featured

NigComSat recovers half of Nigeria’s broadcast traffic share

The Chief Executive Officer of Nigerian Communications Satellite Limited, Nkechi Jane Egerton-Idehen, has disclosed that the state-owned satellite company has regained a significant share of Nigeria’s broadcast and government communications market. Nairametrics reported that speaking at a press briefing in Lagos on Friday, Egerton-Idehen said the company now carries over 50% of the country’s broadcast […]

Business

Tanker drivers urged to prioritise safety amid accident risks

The Petroleum Tanker Drivers arm of the Nigeria Union of Petroleum and Natural Gas Workers has advised its members to avoid night journeys, pointing to growing security concerns and increasing road hazards. The directive was issued as the union confirmed Mathias Ote as its substantive national chairman at its National Executive Council meeting held in […]

Housing

Gov Otti signs deal for 250-room five-star hotel

The Governor of Abia State, Alex Otti, has said discussions have reached an advanced stage with a renowned company to construct a 250-room five-star hotel in Umuahia to boost tourism and business in the state capital. Otti said this on Friday during a civic reception organised in his honour by the people of Ikwuano/Umuahia North/Umuahia […]

Oil and Gas

NNPCL reports ₦2.68tn revenue despite oil production drop

The Nigerian National Petroleum Company Limited has announced a revenue collection of N2.68 trillion from its economic activities in February 2026, even as crude oil production declined to 1.51 million barrels per day amid pipeline outages and operational setbacks. According to The PUNCH, the company reported a 4.2 per cent increase in revenue for its […]

Customs, FAAN ranked worst-performing agencies in May 2024
Scams

Customs seizes tramadol, codeine worth over ₦1bn in Edo

The Nigeria Customs Service, Federal Operations Unit Zone C, Owerri, has intercepted over two million tramadol tablets and 10,000 bottles of barcadin codeine syrup worth N1.056 billion along the Okada/Ofosu Expressway in Benin City, Edo State. The zone described the operation in a statement on Saturday as a major breakthrough in the fight against illicit […]

Business

Oando seeks $750m to triple oil output

Oando Plc is seeking to raise up to $750 million to finance an ambitious drilling programme designed to increase its oil production by as much as 300 per cent. The company’s Chief Executive Officer, Wale Tinubu, disclosed the plan in an interview with Reuters, noting that Oando, which averaged just over 32,000 barrels of oil […]

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