Blog

Zuckerberg testifies in Meta antitrust trial
News

Zuckerberg grilled over Instagram teen mental health claims

The Chief Executive Officer of Meta Platforms, Mark Zuckerberg, defended his company’s policies on Wednesday during a high-profile trial in Los Angeles over allegations of youth social media addiction. The testimony occurred in a case brought by a California woman who claims Instagram and Google’s YouTube harmed her mental health after she began using the […]

Bill Gates to donate 99% of fortune, to shut foundation by 2045
Conferences

Bill Gates pulls out of India AI summit over Epstein link

Bill Gates has cancelled his scheduled keynote address at the India AI Impact Summit in New Delhi, the Gates Foundation confirmed on Thursday, following renewed scrutiny after his name appeared in the latest tranche of Jeffrey Epstein files released by the US Justice Department. “After careful consideration, and to ensure the focus remains on the […]

News

FG shuts Plateau mining site after 37 villagers die

The Federal Government has ordered the immediate closure of a mining site in Plateau State following the death of at least 37 villagers from suspected toxic gas exposure during artisanal mining activities. The incident occurred in Zurak community, located in Wase Local Government Area. Residents were reportedly working inside an abandoned mining pit when they […]

Policy and Regulations

Tinubu signs order to end wasteful PIA deductions

President Bola Tinubu, on Wednesday, signed an Executive Order to boost oil and gas revenues flowing into Nigeria’s Federation Account by eliminating wasteful deductions under the Petroleum Industry Act. According to the statement issued by the Presidential spokesman, Bayo Onanuga, the Executive Order is anchored on Section 44(3) of the Constitution, which vests ownership, control, […]

Oil and Gas

IPPG reports 5.8% rise in 2025 oil output

Nigeria’s average crude oil production in 2025 increased to 1.64 million barrels per day, representing a 5.8 per cent year-on-year rise from 1.55mbpd in the corresponding period of 2024, according to the Independent Petroleum Producers Group. Chairman of IPPG, Mr. Adegbite Falade, disclosed this at the just-concluded Nigeria International Energy Summit 2026 in Abuja. He […]

featured Finance

Naira opens at ₦1,346.40/$ amid marginal depreciation

The Nigerian foreign exchange landscape has opened with fresh data showing a marginal depreciation of the Naira against the United States Dollar in the early hours of Thursday, February 19, 2026. Market participants are closely watching the convergence between official and unofficial rates as liquidity remains a primary concern for importers and manufacturers. In the […]

LCCI to launch innovation hub for startups, SMEs in Lagos
Opinion

LCCI describes January inflation drop as temporary easing

The Lagos Chamber of Commerce and Industry has stated that the latest inflation data released by the National Bureau of Statistics indicates a temporary easing of inflationary momentum, not yet a convergence toward a low and stable inflation regime. Recall that NBS, on Monday, reported that Nigeria’s headline inflation rate dropped to 15.1 per cent […]

New accounting development tool will aid transparency - FRC
Policy and Regulations

FRC signs MoU for national digital sustainability reporting platform

Nigeria has taken a decisive step towards modernising corporate disclosure with the adoption of digital sustainable financial reporting. This follows the signing of a Memorandum of Understanding between the Financial Reporting Council of Nigeria, SALI Technologies and Regulatory Compliance Readiness Advisors, Limited. The concession agreement formalises the implementation of a National Digital Platform for Sustainability […]

featured Finance

Federal civil servants face unexplained salary cuts crisis

Anxiety and anger are spreading rapidly across the Federal Civil Service as Workers in ministries, departments and agencies are grappling with unexplained salary reductions, mounting unpaid arrears, and the absence of official communication from the Federal Government. Labour sources warned that the situation is breeding deep frustration and could trigger widespread industrial unrest if left […]

NGX reports N5.2bn profit despite economic hardship
Business

NGX lists first commercial paper as Dangote Cement raises ₦119.87bn

The Nigerian Exchange Limited has achieved a milestone by recording its first-ever listing of Commercial Paper with the admission of Dangote Cement Plc’s Series 1 and Series 2 issuances under the company’s N500 billion Commercial Paper Issuance Programme. The two series, totaling N119.87 billion, were admitted to trading on the NGX platform on 18 February […]