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Fake agency DG fingers other MDAs in agency creation

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Nigeria can boost global creative edge via indigenous storytelling

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Finance

Oyetola defends ₦10.4bn marine budget, appeals for increased funding

The Minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday presented a N10.4 billion budget proposal for the Federal Ministry of Marine and Blue Economy for the 2026 fiscal year. Oyetola disclosed this while defending the ministry’s budget before a joint sitting of the Senate Committee on Marine Transport and the House of Representatives […]

80% of Nigeria pharmacies now prefer digital payment methods — Report
E-commerce

Digital payments now handle 43% of Nigeria’s fuel transactions

Digital payment channels now account for 43 per cent of fuel transactions in Nigeria, underscoring a rapid shift away from cash in the country’s downstream oil and gas sector, according to a new case study released by financial services platform Moniepoint. The study, titled “Fuelling the Nation: How Moniepoint Powers Nigeria’s Oil and Gas Industry”, […]

Business

Wimbart launches PR service for early-stage African startups

Wimbart, an award-winning public relations agency specialising in business and technology sectors across Africa and emerging markets, has launched Wimbart Lite, a dedicated service designed specifically for pre-seed and early-stage startups. The new division will be led by Maria Adediran, Associate Director and founding team member, who has been appointed as Head of Wimbart Lite, […]

Finance

Naira falls to ₦1,455 in parallel market Tuesday

The Naira on Tuesday depreciated to N1,455 per dollar in the parallel market from N1,440 per dollar on Monday. But the naira appreciated to N1,349.5 per dollar in the Nigerian Foreign Exchange Market. Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,349.5 per dollar […]

Elon Musk’s xAI secures $10bn in funding to expand AI
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Musk loses two co-founders from X in days

Elon Musk’s xAI has seen its second co-founder, Jimmy Ba, leave just two days after the first, Tony Wu left. On Tuesday, influential researcher Ba announced his departure on X, expressing gratitude to Musk and saying he was “grateful to have helped cofound at the start.” Ba’s exit follows that of fellow co-founder Wu, who […]

Amazon cuts jobs in books division amid broader efficiency push
Tech

Amazon gets approval for expanded satellite constellation

The United States Federal Communications Commission on Tuesday approved Amazon’s request to launch 4,500 additional satellites, increasing the company’s planned constellation as it competes with Elon Musk’s SpaceX. With the approval, Amazon’s low Earth orbit satellite network will total about 7,700 satellites. Since April, the company has already deployed more than 150 satellites using various […]

Business

FG commits extra support to launch $5bn Africa Energy Bank

The Federal Government has affirmed its readiness to provide additional funding to the Africa Energy Bank to ensure its launch, following delays by some African countries in meeting their capital subscription commitments. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, made the disclosure on Tuesday at the 2026 Sub-Saharan Africa International Petroleum Exhibition and […]

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Lagos health workers urge govt to end prolonged strike

Health workers in Lagos State on Tuesday urged the government to resume talks to end a strike entering its third month, citing ongoing disputes over pay, professional recognition, and authority within Nigeria’s public health system. The Joint Health Sector Unions, on strike since 2 December 2025, have disrupted services in public hospitals across the nation’s […]

InDrive introduces bank transfer feature in Nigeria
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inDrive retains second spot globally in ride-hailing downloads

inDrive, a global mobility and urban services platform operating in 48 countries, has been named the world’s second most-downloaded ride-hailing app for the fourth straight year, according to data from market intelligence firm Sensor Tower. The report also ranked inDrive fourth worldwide in travel app downloads, up from fifth position in 2023, highlighting rising user […]

Aviation

Enugu Air acquires Embraer 195 to boost operations

Enugu Air, operated by XEJET, has taken delivery of a new Embraer 195 aircraft, reinforcing its commitment to delivering safe, reliable and efficient air travel. In a statement signed by XEJET’s Chief Executive Officer, Mr Emmanuel Iza, the airline expressed appreciation to Enugu State Governor, Dr Peter Mbah, for his support and vision. It noted […]

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Fire guts parts of Ibadan OPay office

Parts of an OPay office located along the bustling Akala Expressway in Ibadan, Oyo State, were gutted by fire on Tuesday. The incident destroyed property estimated at millions of naira. It sparked widespread panic among residents, motorists, and operators of nearby businesses. The blaze erupted in the afternoon. Thick smoke and flames billowed from sections […]

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NAHCON chairman professor Abdullahi Usman resigns amid petition

The Chairman of the National Hajj Commission of Nigeria, Professor Abdullahi Usman, has resigned from his position. His Technical Assistant on Media, Ahmad Mu’azu, confirmed the development to The PUNCH on Tuesday but said the exact circumstances were still unclear. “Yes, he has resigned, but I am still waiting for him to communicate his reasons, […]

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