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Strait of Hormuz closed until further notice — Iran

Iran has closed the Strait of Hormuz until further notice. The closure will remain in effect until further notice, according to Iranian authorities. Iran has warned that any attempt by the United States to challenge the decision would trigger a “severe” military response. The Islamic Revolutionary Guard Corps announced the closure on Sunday. The IRGC […]

featured Opinion

Remi Tinubu defends ‘akara’ business comment, urges celebrities charity work

First Lady Oluremi Tinubu has defended her viral comment on empowering women through petty trading. She said small businesses such as akara, pepper, vegetable and kuli-kuli sales deserve support. According to The PUNCH, Remi Tinubu spoke on Saturday during the launch of the National Community Food Bank Programme in Lokoja, Kogi State. The First Lady […]

featured Travel

UK overhauls immigration rules, tightens visa requirements worldwide

The United Kingdom government has unveiled a sweeping overhaul of its immigration rules. The changes introduce wide-ranging measures that tighten visa requirements, strengthen deportation powers, and reshape the framework governing work, study and family migration. The changes are contained in Statement of Changes HC 259, laid before Parliament on July 9, 2026. The Statement of […]

Tech

Meta pulls AI photo editing feature after privacy backlash

Meta has removed a controversial artificial intelligence feature that allowed users to modify photos from public Instagram accounts, days after its launch drew widespread criticism over privacy concerns. The company announced on Friday that it had discontinued the feature, admitting it had “missed the mark.” The tool was introduced earlier this week as part of […]

Business

Apple sues OpenAI over alleged theft of trade secrets

Tech giant Apple sued ChatGPT-maker OpenAI on Friday, alleging the artificial intelligence company stole its trade secrets as part of efforts to build out a competing hardware business. “This case is about Apple’s former employees stealing Apple’s trade secrets for the benefit of OpenAI. Apple brings this suit to put a stop to it,” Apple’s […]

featured Finance

Naira closes at ₦1,379.62/$ in official market, parallel rate steadies

The naira appreciated slightly against the United States dollar at the official foreign exchange market on Friday, July 10, 2026, according to data from the Central Bank of Nigeria. Figures from the Nigerian Foreign Exchange Market showed the local currency closed at ₦1,379.6201/$, compared with ₦1,378.4313/$ recorded on July 9, reflecting a marginal day-on-day movement. […]

Business featured

Tanzanian richest bizman eyes $100m stake in Dangote’s E’Africa refinery

Tanzania’s richest businessman, Mohammed Dewji, has expressed his readiness to invest $100m in Aliko Dangote’s proposed $17bn refinery in East Africa, in a move that underscores growing investor confidence in the multibillion-dollar project, according to a Bloomberg report on Friday. Dewji disclosed his interest in an interview, saying he would prefer the refinery to be […]

Business featured

Digital payments reshaping Nigeria’s food service industry — Moniepoint

A new study has revealed that digital payment infrastructure is transforming Nigeria’s food service industry, helping businesses overcome longstanding operational challenges and driving the sector to an estimated $11.09 billion market in 2025. The report, released by a digital bank, Moniepoint, projected that the industry would grow to $19.31 billion by 2030, representing an annual […]

Aviation featured

Apologise or pay, Keyamo tells Obi over Abuja airport parking row

The Minister of Aviation and Aerospace Development, Festus Keyamo, has given the Nigeria Democratic Congress presidential candidate, Peter Obi, a seven-day ultimatum to publicly apologise to airport officials and pay a N25,000 fine for allegedly violating parking regulations at the Nnamdi Azikiwe International Airport, Abuja. In a statement issued on Friday, Keyamo said an internal […]

News

Rivers assembly vows speedy passage of Fubara’s ₦1.854trn 2026 budget

The Rivers State House of Assembly has assured Governor Siminalayi Fubara of speedy consideration of the proposed N1.854tn 2026 Appropriation Bill despite its late presentation. AM Business had reported that Fubara presented the appropriation bill on Friday, christened ‘Budget of Resilience for Growth and Development’, to the Assembly for consideration and approval. The Speaker of […]