Business

Dangote rejects NNPC bid to raise 7.25% stake

  • 14th May 2026

BoA assures pensioners of plans to clear outstanding

  • 14th May 2026

Agbaje downplays fintech rivalry as HabariPay boosts GTCO

  • 14th May 2026
Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m

EFCC arrests energy commission DG over alleged money

  • 14th May 2026

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Investment

Air Peace Lagos-London flight disrupted over airspace issues

Aviation

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Opinion

Inconsistent court decisions pose risk to banking sector — Chief judge

The Chief Judge of the Federal High Court, Justice John Tsoho, yesterday raised alarm over the growing danger posed by inconsistent judicial decisions in financial and banking disputes. He warned that such contradictions could trigger systemic instability in Nigeria’s financial sector. Speaking through Justice Olayinka Faji at the 2026 Sensitisation Seminar for Judges of the […]

Nigerian crypto firm convicted for illegal USDT-Naira transactions, forfeits N140m
Business

EFCC arrests energy commission DG over alleged money laundering

Operatives of the Economic and Financial Crimes Commission have reportedly arrested the Director-General of the Energy Commission of Nigeria, Mustapha Abdullahi, over allegations of money laundering. A source within the anti-graft agency, who spoke on condition of anonymity, said Abdullahi was picked up in Abuja on Wednesday and is currently being held in EFCC custody, […]

Amazon cuts 100 Jobs in devices, services unit
Tech

Amazon shuts down Rufus chatbot, unveils Alexa for shopping

Amazon is shutting down its Rufus chatbot as it shifts focus to making Alexa the core of its AI-driven shopping strategy. On Wednesday, the company introduced Alexa for Shopping, an e-commerce assistant designed to answer questions and complete tasks on users’ behalf. Amazon said the new tool combines features from Rufus and Alexa+, while drawing […]

Business

PenCom removes approval requirement for PFA advertisements

The National Pension Commission has scrapped the requirement for Pension Fund Administrators to seek prior written approval before publishing advertisements and marketing materials. The change was outlined in a circular dated May 8, 2026, signed by the Director of the Surveillance Department, A.M. Saleem. According to the commission, the new directive takes immediate effect and […]

OpenAI board rejects Elon Musk-led buyout offer
Tech

Sam Altman takes stand in high-stakes legal clash with Musk

OpenAI’s Chief Executive Officer, Sam Altman, testified in court on Tuesday as he defended himself and the company against a lawsuit filed by Elon Musk. Altman is expected to be among the final witnesses in the high-profile trial, which has set two of the technology industry’s most influential figures against each other in a tense […]

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Ex-power minister Mamman sentenced to 70 years for fraud

A Federal High Court in Abuja has sentenced former Minister of Power, Saleh Mamman, to a cumulative prison term of about 70 years over a 12-count amended money laundering charge brought by the Economic and Financial Crimes Commission involving N33 billion. Delivering judgment on Wednesday, Justice James Omotosho ordered that the seven-year sentences imposed on […]

Business

DMO announces N600bn FGN bond auction for May

The Debt Management Office has announced, on behalf of the Federal Government, a new N600 billion Federal Government of Nigeria bond auction scheduled for May 2026. The offer is part of the government’s ongoing efforts to meet fiscal obligations, deepen the domestic capital market, and sustain investor participation in fixed-income instruments amid strong demand. According […]

Banking

Four banks publish 321,181 dormant accounts in compliance with CBN directive

Four banks have disclosed details of at least 321,181 dormant accounts in compliance with a directive from the Central Bank of Nigeria. The move comes amid warnings from economic analysts that the CBN’s directive raises serious concerns over customer communication, account reactivation processes, business closures, and data privacy. The listed dormant accounts cut across individuals, […]

Lufthansa pilots hold second strike in one week
Aviation

Lufthansa expands fleet with Airbus, Boeing deals

Lufthansa Group has placed an order for 20 new long-haul aircraft from Airbus and Boeing as part of its fleet renewal strategy. The deal includes 10 Airbus A350-900s and 10 Boeing 787-9 Dreamliners, with a combined list price of around $7.7 billion. Deliveries are scheduled between 2032 and 2034, and the new aircraft will replace […]

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