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UK drivers steal nearly £200,000 fuel daily amid Iran

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Dangote, Sinoma sign $800m deal to double Itori Cement

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Walton family reclaim top 10 richest spots, displace Nvidia’s founder

The Walton family heirs to the Walmart fortune have reclaimed spots among the world’s 10 richest individuals. This follows a sustained rally in Walmart Inc. shares, which displaced NVIDIA Corp. founder and CEO Jensen Huang from the elite group. According to the Bloomberg Billionaires Index, siblings Jim Walton, Rob Walton, and Alice Walton now rank […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote Refinery boosts Nigeria’s fuel supply to 40.1m litres daily – Report

Nigeria’s domestic fuel supply got a significant lift in January 2026, with the Dangote Petroleum Refinery producing an average of 40.1 million litres of Premium Motor Spirit daily. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, shows this represents an increase of roughly 8 million litres per day over December 2025’s 32 million […]

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Nigeria procures 1.37m electricity meters from China via $500m W’Bank program

Nigeria has procured at least 1.37 million electricity meters from China under the $500 million World Bank-funded Nigeria Distribution Sector Recovery Programme, as the Federal Government intensifies efforts to bridge a metering shortfall impacting millions of power consumers. This was disclosed in a restructuring document published on the bank’s website. The document indicates that a […]

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Dangote targets stronger supply chain, digital capabilities to drive growth

The President of the Dangote Group, Aliko Dangote, on Thursday reaffirmed the conglomerate’s commitment to strengthening its supply chain, expanding digital capabilities, and sustaining customer-driven growth. He spoke while addressing stakeholders at the Nascon 2025 Customers’ Dinner and Awards Night held in Abuja. Dangote, widely regarded as Africa’s richest man, told customers, board members, and […]

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Nigeria urges Africa to embrace health security sovereignty at AU summit

Nigeria has urged African nations to embrace health security sovereignty, shifting away from reliance on foreign aid to building self-sufficient, homegrown health systems. Vice President Kashim Shettima delivered the call on Friday during a high-level side event titled “Building Africa’s Health Security Sovereignty.” The event took place on the margins of the ongoing 39th Ordinary […]

Business

Zinox Chairman hails Tinubu’s reforms as boost for investor confidence

The Chairman of Zinox Group, Leo Stan Ekeh, has hailed President Bola Tinubu’s investment-focused reforms as a significant boost to investor confidence and a strategic repositioning of Nigeria’s economy. In a statement on Friday in Lagos, Ekeh commended the President for acting decisively to implement reforms immediately upon taking office, noting that any delay could […]

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Travel, leisure stocks divide as AI disruption worries mount

Concerns about artificial intelligence disrupting the travel industry have triggered a sharp split in the sector, dragging down shares of online booking platforms while boosting traditional hotel operators. The contrast has been striking, according to a report by Bloomberg on Friday. In the report, the shares of TripAdvisor Inc. has tumbled 29 per cent this […]

ByteDance increases share buyback offer amid TikTok uncertainty
Tech

Saudi Arabia’s Savvy advances negotiations for ByteDance’s Moonton

Saudi Arabia’s Savvy Games Group is in advanced negotiations to purchase Moonton from China’s ByteDance in a transaction that could value the game developer at roughly $6bn. The deal would rank among the biggest cross-border takeovers of a Chinese gaming company and underscore the Gulf state’s drive to establish a global presence in the video […]

Baidu denies data breach allegations after exec's daughter's leak
Tech

Chinese Baidu integrates OpenClaw AI for in-app task automation

Baidu will soon let users of its main smartphone app interact directly with the popular AI tool OpenClaw, a company spokesperson said Starting Friday, users who opt in can message the AI through Baidu’s search app to handle tasks like scheduling, organizing files, and writing code. AI agents like OpenClaw have recently gained traction for […]

Aviation

United Nigeria Airlines to list on stock market in five years

United Nigeria Airlines plans to list on the Nigerian Exchange within three to five years, aligning with its medium-term growth strategy, the airline said. Executive Chairman Obiorah Okonkwo made the announcement on Thursday during the carrier’s fifth-anniversary global press conference. “It is our midterm plan. Trust us, within the next three years, five years, we […]

Electricity

Electricity got only N60m of N858bn 2025 budget – NBET

The Nigerian Bulk Electricity Trading Plc revealed that just N60 million of the N858 billion allocated in its 2025 capital budget for electricity tariff shortfalls was actually released. Acting Managing Director Johnson Akinnawo made the disclosure while presenting the agency’s 2025 budget performance and defending its 2026 proposal before the Senate Committee on Finance. He […]

US-China tensions reignite over Huawei AI chip export rules
Business

China denies US claims of funding militias in Nigeria in

China has dismissed claims by five United States lawmakers that it is backing illegal mining operations and funding militias in Nigeria, calling the allegations “entirely unfounded.” The Chinese Embassy in Nigeria issued the statement on Thursday in response to a bill recently introduced in the US Congress. The move introduces a diplomatic angle to ongoing […]

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