Business

Ekiti approves ₦3bn for new high court office

  • 19th August 2026

How FG spent N15.8tn subsidy removal savings

  • 19th August 2026

US tightens green card screening with new public

  • 19th August 2026

Christ Embassy enters vehicle market, unveils electric cars

  • 19th August 2026

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FG borrowed ₦11.9tn in 31 months, says Oyedele

Finance

States’ 2026 budgets rise 47.5% to ₦40.14tn

Finance

Gombe approves ₦148.762m monthly subvention for state university

Finance

Ekiti approves ₦3bn for new high court office complex

Business

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Business

NSDC mobilises $1bn for sugar self-sufficiency

The National Sugar Development Council has mobilised a $1 billion investment pipeline to accelerate Nigeria’s drive towards sugar self-sufficiency, even as it strengthens enforcement under the Backward Integration Programme. Nairametrics reported that the Executive Secretary/CEO of NSDC, Mr. Kamar Bakrin, disclosed this when he received members of the Abuja Chapter of the Chartered Institute of […]

Tech

OpenAI unveils enhanced monitoring for AI model development

OpenAI on Tuesday announced a new set of security policies aimed at containing potential incidents as its artificial intelligence models undergo testing and development. The new safeguards include more detailed monitoring of models throughout the development process, alongside a stronger focus on alignment and security during post-training. The company said the measures are designed to […]

Business

NAFEM turnover hits $1.41bn, highest in weeks

Turnover on the Nigerian Foreign Exchange Market rose sharply to $1.41 billion on August 17, 2026, marking the highest level recorded in five weeks as activity in the FX market rebounded. This is according to data from the Central Bank of Nigeria. The current level is the highest since July 21 when it stood at […]

Tech

Apple cuts EU third-party app store commission to 5%

Apple on Tuesday announced that third-party app stores in the European Union will pay a 5 per cent commission on in-app purchases, saying the move will help resolve regulatory disputes related to the implementation of the bloc’s Digital Markets Act. Under the new fee structure, apps distributed through Apple’s App Store and using its payment […]

Finance

60% of Africa’s trade costs stem from within — W’Bank

Africa’s biggest trade obstacles are occurring within countries rather than at the border, with about 60 per cent of total trade costs coming from behind-the-border barriers, according to a World Bank report. The finding is contained in the World Bank’s Integrating Africa: From Threads to Hubs, which identifies customs clearance inefficiencies, regulatory misalignment, weak logistics […]

Maritime

US lifts ban on Nigerian ships after 12 years

The United States has lifted the 12-year Condition of Entry imposed on Nigerian vessels arriving at its ports, a move expected to boost Nigeria’s maritime competitiveness, improve vessel turnaround times and enhance schedule reliability. Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this in a statement shared by the Nigerian Maritime Administration and Safety […]

Business

US states seek major changes as Meta child harm trial begins

More than half of the states in the United States have joined an unprecedented lawsuit against Meta, accusing the parent company of Facebook and Instagram of deliberately designing addictive products that targeted young users and caused them harm. The jury trial begins Tuesday in federal court in Oakland, California, and is expected to last six […]

Business

Elon Musk’s fortune jumps $30.7b in just 24 hours

Elon Musk has seen his fortune soar by an estimated $30.7 billion (about KES 3.9 trillion or NGN 48.9 trillion) in a single 24-hour trading period. Musk is the CEO of Tesla and the founder or co-founder of several companies, including SpaceX, xAI, Neuralink and The Boring Company. His vast fortune is largely derived from […]

Business

FCCPC probes possible cement price manipulation

The Federal Competition and Consumer Protection Commission has launched an investigation into major cement manufacturers after its findings pointed to possible price manipulation in Nigeria’s cement market. According to a statement by the FCCPC’s Director of Corporate Affairs, Ondaje Ijagwu, the probe follows an industry-wide investigation that uncovered indications of anti-competitive pricing practices within the […]

Business

Dangote Refinery secures $1bn underwriting programme ahead of IPO

The Dangote Petroleum Refinery and Petrochemicals has secured a $1bn underwriting programme as it prepares for a planned Initial Public Offering. According to The PUNCH, the financing arrangement was structured by Marob Strategies and Consulting DIFC Ltd in partnership with Lilium Capital Group. It consists of a completed and funded $600m private placement and an […]

Helth

60% of world’s health facilities fail to meet basic sanitation standards — UN

Only four in 10 healthcare facilities worldwide meet basic sanitation standards for accessible and usable toilets, the United Nations said Tuesday, while 11 per cent have no sanitation services at all. In a report, the UN’s health and children’s agencies said only 40 per cent of healthcare facilities last year had toilets that adequately met […]

Ports and Airports

Customs arrest two in Lagos over importation of 399 pump-action rifles

The Nigeria Customs Service has arrested an importer and a female clearing agent over the alleged illegal importation of 399 Jojef pump-action rifles through the Tin Can Island Port, Lagos. The Comptroller-General of Customs, Bashir Adewale Adeniyi, disclosed this on Monday during the formal handover of the seized firearms to the National Centre for the […]

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