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NUPRC completes pre-qualification, notifies applicants in oil, gas licensing round

The Nigerian Upstream Petroleum Regulatory Commission has moved Nigeria’s 2025 oil and gas licensing round into a key phase, completing the pre-qualification process and formally notifying successful applicants, signaling the shift from screening to competitive bidding. In a statement on Tuesday, the commission said the milestone, reached on March 16, 2026, concludes the initial screening […]

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

Nigeria’s internet traffic surges 168% over three years – NCC

Internet usage in Nigeria has surged significantly over the past three years, with total traffic rising by about 168 per cent between January 2023 and January 2026, according to an analysis of data from the Nigerian Communications Commission. Data from the telecom regulator shows that internet traffic climbed to 1,385,536.04 terabytes in January 2026, up […]

Business

Nigeria records $96bn in crypto, virtual asset transactions — SEC

Nigeria’s digital finance ecosystem recorded approximately $96bn in cryptocurrency and other virtual asset transactions, according to Emomotimi Agama, Director-General of the Securities and Exchange Commission. Speaking at a Citizens and Stakeholders Engagement Session organised by the Federal Ministry of Finance in Abuja on Monday, Agama said the sheer scale of activity in the digital asset […]

Business

Trump slams US allies reluctant to join Hormuz oil escort

President Donald Trump expressed frustration on Monday that certain countries are refusing to join a coalition to protect oil tankers transiting the Strait of Hormuz. “Some are very enthusiastic, and some are less than enthusiastic,” Trump told reporters at a press conference. “And I assume some will not do it. I think we have one […]

Spotify expands audiobook, lure authors with with new publishing program
Entertainment featured

Nigerian artists earned over ₦60bn from Spotify in 2025

Nigerian artists generated more than ₦60 billion in revenue from Spotify streams in 2025. This figure highlights the increasing commercial value of the nation’s music industry and its growing international appeal. Details from Spotify’s latest Loud & Clear report indicate a significant jump in earnings. The growth was fueled by strong domestic listenership alongside rising […]

Tech

Apple acquires MotionVFX to boost video editing ecosystem

Apple has acquired video editing company MotionVFX, known for producing plugins, templates and visual effects tools compatible with Apple’s Final Cut Pro. “We are extremely excited to share that MotionVFX is joining the Apple team to continue to empower creators and editors to do their best work,” the startup said on its website Monday. “From […]

Business

Senate panel clears Magnus Abe as NUPRC board chairman

The Senate Committee on Petroleum Resources on Monday cleared Magnus Abe, former senator representing Rivers South-East, for appointment as chairman of the board of the Nigerian Upstream Petroleum Regulatory Commission. Abe and other nominees submitted by President Bola Tinubu were screened by the committee. The committee was chaired by Eteng Williams, senator representing Cross River […]

Oil and Gas

US-Israel-Iran war chokes Hormuz, strains global oil supply — Report

The war in Iran has transformed the Strait of Hormuz into a critical choke point where a single misstep could disrupt economies worldwide. Iran’s threats against oil tankers passing through the Strait of Hormuz—a vital route carrying about 20 per cent of global oil exports in peacetime—have compelled regional countries to pursue alternative export paths. […]

Travel

Japa syndrome deepens Nigeria’s doctor shortage crisis — Minister

Nigeria is facing a deepening health workforce crisis due to the ongoing mass migration of medical professionals, which is severely straining the nation’s fragile healthcare system, Minister of State for Health and Social Welfare, Iziaq Salako, has warned. Salako sounded the alarm on Monday during his keynote address at the 2026 United Kingdom Global Health […]

Business

NGX, SEC begin free-float review to attract investors

Nigeria’s capital market regulators have initiated a review of free-float rules for listed companies to enhance liquidity, deepen the equity market, and draw more investors. The Nigerian Exchange Group confirmed on Monday, that it is engaging with the Securities and Exchange Commission to reassess current requirements. The move addresses concerns that low publicly tradable shares […]

Tech

Apple unveils AirPods Max 2 with improved audio

Apple on Monday launched the AirPods Max 2, the highly anticipated follow-up to its premium 2020 headphones. The new model is priced at $549 and comes with active noise cancellation, Apple’s audio-focused H2 chip, enhanced sound quality, and support for live translation. Apple will open pre-orders on March 25, with availability expected early next month. […]

Business

ICYMI: US slashes fee to give up American citizenship

The United States will lower the fee for formally renouncing citizenship from $2,350 to $450 starting April 13. This was disclosed in a notice announced by the US Federal Register on Friday. The change comes after reviewing “anecdotal evidence regarding tax-related difficulties many U.S. nationals residing abroad encounter.” This rollback restores the fee to its […]