Blog

Samsung reports profit amid AI-driven chip demand
Tech

Samsung launches world’s first 130-inch micro RGB TV

Samsung Electronics has unveiled the world’s first 130-inch Micro RGB TV at CES 2026, introducing its largest Micro RGB display yet as it seeks to reinforce its leadership in the global TV market amid intensifying competition. “Micro RGB represents the peak of our picture quality innovation, and the new 130-inch model takes that vision even […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
Finance

Solid minerals revenue jumps 337%

The Ministry of Solid Minerals Development recorded a 337 per cent increase in revenue, rising to over N70 billion in 2025 from N16 billion in 2023, under the leadership of the Minister of Solid Minerals Development, Dr Dele Alake. The revenue growth was disclosed by the Special Assistant on Media to the Minister, Segun Tomori, […]

Business

Over 33% of Nigerian immigrants in US receive benefits – Trump

United States President, Donald Trump, posted a chart on January 4, 2026, highlighting welfare participation among immigrant communities. According to the data, roughly 33.3 per of Nigerian immigrant households in the United States receive some form of public assistance. The chart, shared on Trump’s Truth Social platform, is titled “Immigrant Welfare Recipient Rates by Country of […]

Economy

Nigeria’s credit expansion crosses historic N100tr mark

Credit to the Nigerian economy crossed the N100 trillion threshold for the first time, rising by 1.7 per cent month-on-month to N100.98 trillion in November from N99.2 trillion recorded in October. The growth was largely driven by a significant increase in credit to the government, which expanded by 6.4 per cent month-on-month to N26.4 trillion […]

Oil and Gas

Global crude oil prices fall amid Venezuela political turmoil

Crude oil prices dipped on Sunday amid uncertainty over Venezuela following the Trump administration’s ouster of President Nicolás Maduro. United States crude dropped 31 cents, or 0.54 per cent, to $57.01 per barrel, while global benchmark Brent fell 22 cents, or 0.36 per cent, to $60.53 per barrel. On Saturday, President Donald Trump emphasized that […]

Tech

Starlink offers free internet to Venezuela after US airstrikes, Maduro arrest

Elon Musk’s Starlink is providing free broadband internet to users in Venezuela through February 3, in the wake of United States airstrikes and the capture of ousted leader Nicolás Maduro. The satellite internet company announced Sunday that service credits are being automatically applied to both active and inactive accounts as it continues to monitor the […]

featured Investment

NGX investors gain N2.05tr as rally continues

Investors on the Nigerian Exchange Limited sustained the 2025 year-end rally, recording a combined gain of N2.05 trillion over the four trading days of the week. Market analysts observed that renewed investor confidence was driven by a return to fundamentally strong stocks, particularly within the Banking, Information and Communications Technology, ICT, and selected Consumer Goods […]

Business

MAN proposes financial, policy measures to boost manufacturing

The Manufacturers Association of Nigeria has urged the establishment of a Manufacturing Refinancing and Rediscounting Facility, alongside a series of broad financial and policy measures, to rejuvenate the nation’s manufacturing sector in 2026. In its 2026 manufacturing outlook report, MAN’s Director General, Segun Ajayi-Kadir, stated that the proposed facility would allow commercial banks to refinance […]

Foreign shipping firms must obey tax laws- FIRS
Business

Tax rumours, misinformation mostly circulated by those avoiding payment – NRS boss

The Chairman of the Nigeria Revenue Service, Zach Adedeji, has stated that those circulating rumours about Nigeria’s new tax laws are mostly individuals seeking to evade taxes. Speaking in an interview with Arise TV on Sunday, Adedeji clarified the importance of bank transfer narrations under the new tax framework, dismissing claims that personal transfers are […]

Business

Private sector ends 2025 strong as PMI hits 53.5

Nigeria’s private sector closed 2025 on a firm note, with stronger customer demand sustaining growth in business activity and lifting the Stanbic IBTC Bank Nigeria Purchasing Managers’ Index to 53.5 in December 2025. This was disclosed in the latest PMI report released by the bank and compiled by S&P Global. The index is based on […]

Business

Dangote refinery loads 43m litres, denies shutdown claims

Officials of the Dangote Petroleum Refinery say the facility supplied 43.3 million litres of Premium Motor Spirit (petrol) to the Nigerian market on Saturday. The officials made this disclosure, dismissing reports that the refinery had shut its petrol processing unit for maintenance, according to The Punch. Speaking on condition of anonymity due to a lack […]