Shell grants $1.98bn in contracts to Indigenous firms
Shell Companies in Nigeria announced that they awarded contracts worth $1.98 billion to indigenous companies in 2023, as part of efforts to boost local content in the Nigerian oil and…
Bitcoin breaks $100,000 milestone for first time
Bitcoin has surpassed the long-awaited $100,000 threshold, reaching a new high of approximately $103,500, marking a significant milestone in its price trajectory. The cryptocurrency, which has been on an upward…
Industry minister to discuss $2.4bn FX forward contracts with CBN
The Minister of State for Industry, Trade, and Investment, Senator Owan Enoh, has pledged to engage with the Central Bank of Nigeria Governor, Olayemi Cardoso, regarding the $2.4 billion in…
Niger junta takes over French-controlled uranium mine
French nuclear fuels group Orano has announced that it has lost operational control of its Somair uranium mine in Niger, citing interference from Nigerien authorities and a breakdown in governance…
Nollywood ‘A Ghetto Love Story’ grosses ₦51m at box office
Nollywood's latest sensation, "A Ghetto Love Story", produced by comedian-turned-filmmaker Bright Okpocha, popularly known as Basketmouth, has achieved a remarkable ₦51 million in box office earnings across cinemas in Nigeria…
Netflix denies exit from Nigerian market amid speculation
Netflix has denied reports suggesting it is exiting the Nigerian market, reaffirming its commitment to investing in local content. The speculation arose after comments made by prominent Nigerian filmmaker Kunle…
OpenAI hits 300m weekly users for ChatGPT
OpenAI has reached a significant milestone, with its ChatGPT service now boasting 300 million weekly active users. This was disclosed by the CEO, Sam Altman during the New York Times…
Senate investigates NNPCL over ₦8.4tn subsidy claims
The Senate has approved the 2025–2027 Medium Term Expenditure Framework and Fiscal Strategy Paper on Tuesday, paving the way for President Bola Tinubu to present the 2025 national budget to…
Oil prices stable as traders await OPEC+ decision
Oil prices held steady on Wednesday as traders awaited an expected OPEC+ decision to extend supply cuts, while geopolitical tensions remained a key factor shaping market sentiment. Brent crude futures…
Nigeria, others spent $1.4trn on debt servicing in 2023 – World Bank
The World Bank’s latest International Debt Report has revealed that developing nations spent $1.4 trillion on foreign debt servicing in 2023, marking a significant increase driven by the highest global…
Mitsubishi suffers $90m loss in suspected copper fraud
Mitsubishi Corp. has reported a loss exceeding $90 million in China due to suspected fraud involving one of its copper traders, highlighting ongoing risks for major commodity trading houses. The…
Bank customers pay N133.89bn in electronic money transfer levy
Nigerian bank customers paid a total of N133.89 billion in electronic money transfer levies to the government between January and August this year, according to the 2025-2027 Medium Term Expenditure…
