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Trump opposes global rules to regulate AI

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Petrol stations risk licence revocation over under-dispensing – NMDPRA

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featured Finance

BREAKING: Nigeria’s external reserves cross $54bn, first time in 18 years

Nigeria’s external reserves have crossed the $54 billion mark for the first time since December 2008, reaching $54.08 billion as of September 3, 2026. This is according to the latest data from the Central Bank of Nigeria, CBN. The CBN data showed that reserves stood at $54,083,850,797.49 on September 3, compared with $53.99 billion on […]

Tech

OpenAI unveils GPT-6 Astra, task-executing AI model

OpenAI has unveiled GPT-6 Astra, a new artificial intelligence model capable of operating computers and executing complex tasks for users, in what experts describe as another major step towards autonomous AI. The model’s unveiling comes amid intensifying competition between OpenAI and rival AI company, Anthropic, with the rivalry driving rapid advances in artificial intelligence. A […]

Economy

Youths selling kidneys amid economic hardship — Atiku

Former Vice President Atiku Abubakar has raised the alarm over what he described as a growing trend of young Nigerians selling their kidneys to survive amid the country’s cost-of-living crisis, blaming President Bola Tinubu’s economic policies for the development. The Africa Democratic Congress presidential candidate, in a post on X on Thursday, said he had […]

Economy featured

MAN warns industrial sector suffocating despite 4.43% GDP growth

Nigeria’s 4.43 per cent economic growth recorded in the second quarter of 2026 is masking a deepening industrial crisis, with manufacturing and the broader industrial sector losing ground as services increasingly dominate economic activity, the Manufacturers Association of Nigeria has warned. This came as the senator representing Ogun East, Otunba Gbenga Daniel, said the true […]

featured Oil and Gas

Nigerians spent ₦11.3trn on petrol in seven months – NMDPRA

Nigerians spent approximately N11.3 trillion on Premium Motor Spirit, popularly known as petrol, between January and July 2026 to power their vehicles and electricity generators, even as the nation continued to grapple with rising energy costs, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The NMDPRA’s July 2026 midstream and downstream […]

Policy and Regulations

Tax reform eased burden on low-income earners, says JRB

The Joint Revenue Board says the ongoing tax reform has eased the financial burden on low-income Nigerians and scrapped a wide range of nuisance taxes that previously weighed on citizens and small businesses. This disclosure was made by the Executive Secretary of the JRB, Olusegun Adesokan, as he presented an assessment of the reform’s achievements […]

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ASHON urges review of Universal Insurance licence revocation

The Association of Securities Dealing Houses of Nigeria has urged regulators to urgently review the revocation of Universal Insurance Plc’s operating licence, warning that uncoordinated regulatory actions could weaken investor confidence in Nigeria’s capital market. ASHON, the umbrella body for stockbroking firms registered with the Securities and Exchange Commission, said the matter extended beyond the […]

Aviation

NANTA demands end to dollar-only ticket sales by foreign airlines

The National Association of Nigeria Travel Agencies has renewed its campaign against the dollar-denominated sale of air tickets and city sales practices adopted by some foreign airlines operating in Nigeria. Speaking with our on Wednesday, NANTA President, Dr Yinka Folami, described the practices as a disregard for Nigeria’s sovereignty and a violation of the regulations […]

Business

NAICOM certifies Sovereign Trust Insurance under recapitalisation drive

Sovereign Trust Insurance Plc has obtained its official Recapitalisation Certificate from the National Insurance Commission, marking a major regulatory milestone for the insurer. The certificate confirms the company’s compliance with the Federal Government’s ongoing recapitalisation programme aimed at strengthening the financial resilience and stability of Nigeria’s insurance industry. Issued after STI met NAICOM’s recapitalisation requirements, […]

Business

Dangote Cement sets September 21 for London listing

Dangote Cement Plc has announced plans to hold a Capital Markets Day in London on September 21, 2026, ahead of its proposed secondary listing on the London Stock Exchange. The cement manufacturer disclosed this in a regulatory filing submitted to the Nigerian Exchange Limited on Wednesday and signed by its Company Secretary, Edward Imoedemhe. The […]

Business

Nigeria, IEA deepen energy cooperation with new joint work programme

Nigeria and the International Energy Agency have entered into a Joint Work Programme designed to enhance energy data development and promote evidence-based policymaking and investment in the sector. This was disclosed in a statement signed by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications in the Office of the Vice-President. The […]

Tech

Google escapes ad tech breakup after US court blocks sale

Alphabet’s Google has avoided a breakup of its advertising technology business after a United States judge in Virginia rejected antitrust enforcers’ bid to force the company to sell its online advertising exchange. Although the ad exchange represents only a small portion of Google’s overall business, the decision marks another significant symbolic setback for the US […]

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