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Electricity

NERC orders registration, approval of private transmission substations

The Nigerian Electricity Regulatory Commission has issued an order mandating the registration and authorisation of privately owned transmission substations connected to the national grid, aiming to enhance regulatory oversight and boost grid reliability. Outlined in the directive titled “Order on the Registration and Authorisation of Grid-Connected Private Transmission Substations (NERC/2026/013),” the regulation took effect on […]

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FG affirms market-driven petrol prices amid Middle East tensions

The Federal Government has reiterated its commitment to a market-driven petrol pricing system, stating that it has no plans to impose price controls despite growing geopolitical tensions in the Middle East that have increased volatility in global oil markets. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, […]

Aviation

Middle East tourism disruptions cost $600m daily – WTTC

Travel disruptions across the Middle East are driving major economic losses, with international visitor spending declining by an estimated $600 million per day. The World Travel & Tourism Council disclosed this in a statement on Wednesday, attributing the disruptions to rising regional tensions. The ongoing conflict involving Israel, the United States, and Iran has disrupted […]

Oil and Gas

NMDPRA continues approvals for fuel imports – Dangote

The President of Dangote Industries Limited, Aliko Dangote, stated yesterday that the Nigerian Midstream and Downstream Petroleum Regulatory Authority continues to issue licences for petrol imports, despite public assertions suggesting otherwise. He warned that this practice could threaten the operations of his refinery and put the country’s energy security at risk. Dangote added that the […]

Business

Customs to end physical cargo inspections in 2026 – Adeniyi

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, announced on Tuesday that by December 2026, physical inspections of cargo will be fully phased out, with the Service shifting entirely to scanning technologies and data analytics. Adeniyi noted that this move is part of a broader effort to modernise cargo clearance, leveraging technology to ease […]

Electricity

Blackout looms as gas suppliers stop deliveries to thermal plants

Nigeria’s electricity challenges could intensify in the coming weeks as gas suppliers suspend deliveries to thermal power plants, citing an estimated N3.3 trillion debt owed by power generation companies. The move threatens to worsen the country’s ongoing power shortage. The Chief Executive Officer of the Association of Power Generation Companies, Dr. Joy Ogaji, warned in […]

PUNCH boss Adeyeye Joseph joins World Editors’ Forum Board
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PUNCH boss Adeyeye Joseph joins World Editors’ Forum Board

The Managing Director and Editor-in-Chief of Punch Nigeria Limited, Adeyeye Joseph, has been named to the board of the World Editors Forum, an international body that brings together newsroom leaders within the World Association of News Publishers. The appointment positions Adeyeye among senior editors and media executives involved in shaping global conversations around newsroom leadership, […]

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  • 12th March 2026
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Brent hits $100 despite emergency reserve release

Oil prices jumped more than 8 per cent on Thursday, with Brent crude climbing to $100 per barrel, as traders remained skeptical that the release of government stockpiles would be enough to counter the major supply disruption caused by the war in the Middle East. U.S. benchmark West Texas Intermediate rose 8.8 per cent to […]

News

Tinubu appoints Lamido Yuguda CBN deputy governor

President Bola Ahmed Tinubu has approved the appointment of Lamido Abubakar Yuguda, former Director-General of the Securities and Exchange Commission as Deputy Governor of the Central Bank of Nigeria. The appointment was disclosed in a statement on Wednesday by presidential spokesman Bayo Onanuga, adding that the appointment is subject to confirmation by the Senate. Onanuga […]

Tech

Google completes $32bn acquisition of Israeli cyber-security firm Wiz

Google has completed its $32 billion cash acquisition of Israeli cybersecurity company Wiz, a year after the deal was first announced, making it the largest acquisition in Google’s history. Wiz offers a security platform that safeguards major cloud environments by detecting and responding to cyber threats. Although it will become part of Google Cloud, Wiz […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
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Microsoft to share 2027 Xbox prototypes with game developers

Microsoft announced Wednesday that it will provide video game developers with prototypes of its next-generation Xbox console, set for 2027, in an effort to catch up with Nintendo and Sony. The new console will include a custom chip from Advanced Micro Devices, according to vice president in Microsoft’s Xbox division, Jason Ronald in a blog […]

EU probes TikTok over breach of privacy
Tech

Oracle discloses $2.2bn stake in TikTok US operations

Almost two months after TikTok’s United States operations were transferred to a consortium of investors, Oracle has revealed its financial stake in the venture. In its quarterly filing on Wednesday, Oracle reported holding $2.2 billion in “non-marketable debt investments and equity securities and related instruments” for the period ending February 28. The filing noted that […]

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