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African startups raise $102m in lowest month since

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Otedola targets 51% controlling stake in First HoldCo

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Nigeria can boost global creative edge via indigenous

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UK state investment agency faces security review after

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African startups raise $102m in lowest month since 2025

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Otedola targets 51% controlling stake in First HoldCo

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FGN savings bond subscriptions open for February 2026 issue

The Debt Management Office, on behalf of the Federal Government of Nigeria, has opened subscriptions for the February 2026 FGN Savings Bond, offering investors annual returns of up to 15.356 per cent. According to a DMO circular, the bond’s tenors, interest rates, and subscription schedule have been outlined for prospective investors. The savings bond is […]

LAWMA staff to receive 20% salary increase
News

LAWMA links Lagos waste crisis to infrastructure gaps

The Lagos Waste Management Authority has stated that the waste management challenges in the state are partly linked to gaps in infrastructure. This position was contained in a statement issued on Wednesday by the Director of Public Affairs at LAWMA, Mukaila Sanusi. According to the statement, the Managing Director/Chief Executive Officer of LAWMA, Dr Muyiwa […]

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CBN to release landmark fintech survey report Monday

The Central Bank of Nigeria is set to release a landmark fintech survey report on Monday, February 2. The report provides rare insight into the nature and depth of the apex bank’s engagement with Nigeria’s fast-growing fintech sector. Nairametrics gathered that the report is based on a nationwide survey of fintech operators, complemented by stakeholder […]

TikTok launches campus verification to help students connect
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TikTok restores service after snowstorm hit US data centre

TikTok, which is under new ownership in the United States, announced on Sunday that it has restored service following outages last week that affected user experiences. The social network has more than 220 million users in the U.S. The company attributed last week’s disruptions to a severe snowstorm that triggered an outage at an Oracle-operated […]

Oil and Gas

Nigeria faces 225,000 bpd cut as Shell shuts Bonga FPSO

Nigeria faces a 225,000 barrels per day crude oil output cut as Shell Nigeria Exploration and Production Company Limited shuts down its Bonga Floating Production Storage and Offloading vessel for scheduled turnaround maintenance. The deepwater facility lies 120 kilometres offshore in water depths exceeding 1,000 metres. It normally produces up to 225,000 barrels per day […]

Technology

OpenAI to retire GPT-4o, older models from ChatGPT February

OpenAI has announced plans to retire several older ChatGPT models, including GPT-4o, GPT-4.1, GPT-4.1 mini, and o4-mini, effective February 13, 2026. The decision was disclosed in a blog post published on Thursday, January 29, 2026. OpenAI clarified that the change applies only to ChatGPT and will not affect its API offerings. According to the company, […]

Technology

Nigerian developers earn over $1m from local apps — NOTAP

Nigerian software developers have generated more than $1 million in sales from locally developed applications sold across domestic and regional markets, according to the National Office for Technology Acquisition and Promotion. The Director-General of NOTAP, Dr. Obiageli Amadiobi, made this known in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. […]

Oil and Gas

Dangote Group expands gas supply deals with NNPC subsidiaries

The Dangote Group has expanded its Gas Sales and Purchase Agreements with NNPC Ltd subsidiaries, including Nigerian Gas Marketing Limited and NNPC Gas Infrastructure Company Limited. The agreements were signed during the unveiling of the NNPC Gas Master Plan 2026, dubbed “NGMP 2026,” held over the weekend at NNPC Towers, Abuja. According to a statement […]

Business

Oil prices drop as Trump signals easing tensions with Iran

Oil prices fell on Monday as investors eased concerns over a potential supply disruption, following United States President Donald Trump’s remarks on Iran that suggested tensions with Washington might be softening. Trump has frequently warned Iran of possible action if it does not secure a nuclear deal or continues suppressing domestic protests, which Tehran attributes […]

Business

Melania Trump documentary beats expectations with strong $7m opening weekend

The documentary Melania, which explores the life of United States First Lady, Melania Trump, is outperforming box office projections, with Sunday estimates indicating an opening weekend gross of $7.04 million. It ranks third for the weekend, trailing the Sam Raimi thriller Send Help ($20 million) and Iron Lung ($17.8 million), a video game adaptation from […]

Oil and Gas

Crude exports to drop 225,000B/D amid Bonga FPSO maintenance

Nigeria’s crude oil exports are expected to fall by around 225,000 barrels per day in February due to the temporary shutdown of the Bonga Floating Production, Storage and Offloading vessel for routine maintenance. Shell Nigeria Exploration and Production Company, operator of the Bonga field, confirmed the development in a statement on Sunday. The maintenance affects […]

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Honeywell Flour Mills posts ₦7.7bn pre-tax profit amid revenue drop

Honeywell Flour Mills Plc reported a pre-tax profit of N7.7 billion for the nine months ended December 2025. Although the company remained profitable, this result represents a decline compared to the N12.2 billion pre-tax profit recorded in the same period of 2024. Of the total figure, the third quarter contributed N5.1 billion in pre-tax profit, […]

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