Blog

Private power supply costs N750/kWh, says Minister Adelabu
Electricity

Adelabu slams IBEDC over undistributed 59,000 free prepaid metres

The Minister of Power, Chief Adebayo Adelabu, has criticised the Ibadan Electricity Distribution Company for distributing only 16,300 out of the 59,000 free prepaid meters supplied by the Federal Government. He described the development as unacceptable and detrimental to both consumers and the power sector. The minister made his position known during a one-day working […]

featured News

NDLEA nabs drug kingpin after 13 years in hiding

Operatives of the National Drug Law Enforcement Agency have arrested a notorious and wanted drug kingpin, Reginald Peter Chidiebere, after 13 years in hiding. This followed the seizure of large consignments of cocaine and heroin linked to him at the Murtala Muhammed International Airport, Ikeja, Lagos. According to the NDLEA, ‘The drug lord was first […]

Cut corporate tax to 7.5%, NACCIMA urges Tinubu
featured Oil and Gas

Tinubu signals major overhaul of PIA with oil revenue order

President Bola Tinubu has signalled a broader overhaul of Nigeria’s petroleum governance framework following his executive order mandating direct remittance of oil and gas revenues into the Federation Account. According to The PUNCH, presidency sources confirm that beyond the immediate fiscal reset, preparations are underway for a comprehensive review of the Petroleum Industry Act to […]

Business

FG issues travel advisory to Nigerians in Iran, gulf states

The Federal Government of Nigeria has issued a travel advisory to Nigerians residing in or travelling to Iran and other Gulf countries amid the ongoing conflict involving the United States, Israel, and the Iranian government. The advisory was announced in a statement by the spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, titled: […]

Aviation

Airlines scramble to reroute flights amid Iran strikes

Commercial flights across the Middle East and other regions have been largely suspended after United States and Israeli strikes on Iran on Saturday, prompting several countries to close their airspace while airlines rushed to reroute or cancel flights. Turkish Airlines has suspended flights to ten Middle Eastern countries, including Lebanon, Syria, Iraq, Iran, and Jordan, […]

Meta offered $100m bonuses to lure OpenAI staff, Altman alleges
Tech

OpenAI grants AI access to US government after Anthropic fallout

OpenAI will now deploy its artificial intelligence models on the United States Defence Department’s classified network, following the collapse of rival Anthropic’s Pentagon partnership over concerns about surveillance and autonomous weapons. OpenAI CEO Sam Altman said on February 27 that the agreement aligns with the company’s principles, including prohibiting “domestic mass surveillance” and ensuring “human […]

featured

TotalEnergies hands over OLO oilfield trust to Aradel

The Nigerian Upstream Petroleum Regulatory Commission has overseen the formal transfer of the OLO Oilfield Host Community Development Trust from TotalEnergies to Aradel Holdings, marking a significant step in the implementation of the Petroleum Industry Act and the safeguarding of host community interests during changes in operatorship. The ceremony, held at the commission’s headquarters in […]

Tech

Apple, Netflix partner to stream F1 Canadian grand prix

Apple and Netflix have partnered to co-broadcast the Formula 1 Canadian Grand Prix. Apple’s senior vice president of services, Eddy Cue, announced Thursday. “I’ve known (Netflix co-CEO) Ted (Sarandos) for a long time. We’ve worked together before and we had this idea,” Eddy Cue, Apple’s senior vice president of services, said Thursday in a press […]

Tesla whistleblower wins legal fight against Elon Musk
Tech

Nobody committed suicide because of Grok – Musk

Elon Musk has criticised the OpenAI’s approach to safety, asserting that his own firm, xAI, takes safety more seriously. Musk made this disclosure in a deposition recently submitted in his lawsuit against OpenAI. Musk added, “Nobody has committed suicide because of Grok, but apparently they have because of ChatGPT.” The remark arose during questioning about […]

Transcorp Power emerges top NGX weekly gainer
Banking

NGX posts N15.55b profit before tax for 2025

NGX Group Plc has announced its audited financial results for the year ended December 2025, reporting a profit before tax of N15.55 billion. This reflects a 14.26 per cent growth from the N13.61 billion recorded in 2024. In light of the performance, the Board has proposed a final dividend of N2.00 per ordinary share of […]

Aviation

Airline operators reject FCCPC’s festive season fare hike claim

The Airlines Operators of Nigeria has dismissed allegations by the Federal Competition and Consumer Protection Commission that domestic carriers inflated ticket fares during the December 2025 festive period. AON’s position was conveyed by its spokesperson, Professor Obiora Okonkwo, on Friday in a report by the African Independent Television. The dispute stems from the FCCPC’s interim […]