Business

African startups raise $102m in lowest month since

  • 3rd August 2026

Otedola targets 51% controlling stake in First HoldCo

  • 3rd August 2026

Nigeria can boost global creative edge via indigenous

  • 3rd August 2026

UK state investment agency faces security review after

  • 3rd August 2026

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NRS mandates tax ID for crypto account activation

featured

African startups raise $102m in lowest month since 2025

Business

Otedola targets 51% controlling stake in First HoldCo

Business

Fake agency DG fingers other MDAs in agency creation

News

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News

US missionary accuses Benue govt of sabotaging Yelwata market project

An American missionary has levelled serious allegations against the Benue State Government, claiming it deliberately blocked his efforts to construct a modest market in Yelwata community for survivors of recent terrorist attacks and banditry. The missionary, identified in various reports as Alex Barbir, founder of the humanitarian organisation Building Zion, had proposed rebuilding the market—destroyed […]

US court jails Nigerian hacker for $2.5m identity theft
Scams

Nigerian jailed for defrauding 400 Americans in $6m inheritance scam

A United States federal court has sentenced Nigerian-national Tochukwu Albert Nnebocha to more than eight years in prison for his involvement in a long-running transnational inheritance fraud scheme that targeted elderly and vulnerable Americans. According to a statement published on the US Department of Justice website on Friday, “a Nigerian National was sentenced today to […]

Helth

Ibadan JOHESU resume work Monday after 84-day strike suspension

The Joint Health Sector Unions chapter at the University College Hospital, Ibadan, will resume work on Monday following the national body’s suspension of its 84-day strike. The JOHESU UCH Chairman, Comrade Oladayo Olabampe, disclosed this in an interview with the News Agency of Nigeria m in Ibadan on Saturday. Olabampe explained that the decision to […]

Paramount to boost film, reinvent cable brands after $8.4bn Skydance merger
Business

Paramount aims to clear antitrust hurdle for Warner Bros. offer

Paramount Skydance Corp. is aiming to wrap up a Justice Department antitrust review of its tender offer for Warner Bros. Discovery Inc. shares within the coming weeks. The company has been supplying the government with requested information, according to Bloomberg, citing sources familiar with the matter. Once submitted, a 10-day waiting period will follow, during […]

featured Scams

I lost millions to Tinder scammer promising marriage – Lagos entrepreneur

A Lagos-based entrepreneur and corporate worker, Bukola Yunisa, has opened up about how she was emotionally devastated and financially ruined after falling victim to a romance scam on Tinder. According to an interview with The PUNCH, Bukola narrated that the man, who posed as a loving widower and property developer ready for marriage, allegedly defrauded […]

Opinion

US congress blasts Nigeria’s $9m lobbying to hide religious abuses

A United States congressional hearing has sharply criticised the Federal Government of Nigeria’s $9 million lobbying contract with a Washington firm, describing it as an apparent attempt to minimise grave human rights violations and religious freedom concerns in the country. According to The PUNCH, the criticisms surfaced during a joint session of the House Subcommittee […]

News

Tinubu hails Pate, Makanju on Devex Power 50 inclusion

President Bola Tinubu has congratulated two prominent Nigerians on their inclusion in the Devex Power 50 list for 2026. The recognition highlights influential figures shaping global development. President Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, announced the development in a statement released on Friday. Prof. Muhammed Ali Pate, Coordinating Minister of Health and […]

US SEC approves ETFs to track Bitcoin
Crypto featured

South Korean firm mistakenly sends $40bn Bitcoin to users

A South Korean cryptocurrency exchange, Bithumb, apologised on Saturday after mistakenly transferring more than $40 billion worth of bitcoin to users. The error briefly triggered a selloff on the platform. Bithumb said it accidentally sent 620,000 bitcoins, currently valued at more than $40 billion, to users. The mistake occurred on Friday during a promotional event. […]

featured Investment

Pentagon to cut ties with Harvard over ‘woke’ claims

The Pentagon has announced it will cut all academic ties with Harvard University. This includes ending military education programs, fellowships, and certificate courses. The decision was detailed in a statement released on Friday. The move forms part of the Trump administration’s ongoing conflict with Harvard. AFP reported that officials accused the Ivy League institution of […]

Onne customs reports N643bn revenue for 2024
Transportation

Customs pledge faster transit routes, security ties with Niger

The Nigeria Customs Service has reaffirmed its commitment to strengthening regional trade facilitation, safeguarding transit cargo, and deepening cross-border security cooperation with neighbouring countries, particularly the Republic of Niger. This position was disclosed in a statement issued on Friday by the NCS following a high-level bilateral meeting between the Service and the Niger Republic Customs […]

Umahi threatens MTN over Enugu-Onitsha road, orders N15bn monthly payment
featured

FG warns China Harbour over road project delays, quality concerns

The Federal Government has issued stern warnings and set firm deadlines for China Harbour Engineering Company and its affiliate, China Harbour Operation and Maintenance Company, over alleged substandard workmanship, delayed mobilisation, and environmental concerns on major federal road projects nationwide. The action followed a high-level meeting chaired by the Minister of Works, Senator David Umahi, […]

Tarrif hike: DisCos sweat as manufacturers insist on old rates
Business

DisCos blame power outages on sharp drop in gas supply

Electricity distribution companies have attributed ongoing power outages to a significant reduction in gas supply to power plants, cautioning customers to expect intermittent electricity until the situation stabilises. In recent weeks, Nigerians have expressed concerns over declining power supply from the national grid. Findings show that electricity generation has fallen from over 5,000 megawatts last […]

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