Business

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

  • 6th August 2026

Tinubu gets ICPC report on alleged fake agency

  • 6th August 2026

NIA credits NAICOM’s oversight for successful insurance recapitalisation

  • 6th August 2026

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FUTA workers protest alleged non-payment of allowances

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ICPC launches probe against NMDPRA boss Farouk Ahmed

The Nigerian oil and gas sector has been plunged into renewed controversy following a decision by the Independent Corrupt Practices and Other Related Offences Commission to probe a petition filed against Farouk Ahmed, Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The petition, submitted on December 16, 2025, by Dangote Group […]

Business

Dangote details $5m NMDPRA CEO spent on children’s Swiss education

The Chairman of the Dangote Group, Aliko Dangote, stated that the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, reportedly spent around $5 million on the secondary education of his children in Switzerland. In a paid newspaper advertisement on Tuesday, Dangote said the amount allegedly covered six years of schooling for […]

US senators demand Meta probe over chatbot child safety concerns
Tech

Meta made over $3bn from scam-related Chinese ads

Meta, the company behind Facebook and Instagram, reported that more than $3 billion of its ad revenue from Chinese sources was linked to scams. Internal documents reviewed by Reuters revealed that about 19 per cent of advertising revenue from Chinese firms was connected to illegal gambling, pornography, and other prohibited content, according to Reuters. Although […]

Disney announces crackdown on password sharing
Tech

Disney grants OpenAI licensing rights for iconic characters

OpenAI has struck an equity-only licensing deal with the Walt Disney Company, giving the AI firm rights to use select Disney characters without any upfront cash payment. As part of the agreement, OpenAI will issue stock warrants to Disney, enabling the entertainment company to acquire additional shares in OpenAI on top of its previously announced […]

Business

Federal, states, LGAs governments shared N1.928tn in November

The Federal, state, and local governments received a total of N1.928 trillion from the Federation Account in November 2025, marking a significant drop from the N2.094 trillion disbursed in October. The Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa, stated in a Monday press release that […]

Electricity

Reps summons IBEDC, BEDC, PHEDC over N100bn debt

The House of Representatives Public Accounts Committee on Monday summoned the management of Ibadan, Benin, and Port Harcourt Electricity Distribution Companies over their failure to remit over N100 billion owed to the Federal Government. During a public hearing in Abuja, the committee gave the three firms a 72-hour ultimatum to appear before it, warning that […]

Abia gov Otti extends tribute eulogizing Herbert Wigwe
Business

Abia moves to position itself as centre for technology growth

Abia State has passed a new law to establish itself as a center for technology and innovation. The government also plans to launch a fleet of electric buses to advance cleaner urban transportation. Governor Alex Otti assented to the Abia State Startup Law 2025, which adapts the Nigerian Startup Act of 2022 for implementation at […]

Business

Nigeria’s federation account hits N23.06tn in 10 months

The Revenue Mobilisation Allocation and Fiscal Commission reported that Nigeria’s Federation Account accrued a total of N23.06 trillion between January and October 2025, signaling a notable boost in the nation’s revenue performance. This figure exceeded the N21.43 trillion recorded for the entire year of 2024. The commission’s Chairman, Dr. Mohammed Shehu, revealed this on Monday […]

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FG shifts fiscal strategy, prioritises savings over borrowing

The federal government on Monday signalled a major shift in its fiscal approach, announcing plans to reduce reliance on borrowing and instead harness nationwide savings as a sustainable solution to Nigeria’s growing debt burden. Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, unveiled the new strategy during an interactive session on […]

Business

GM to launch Apple Music in chevy, cadillac cars

General Motors has reached an agreement with Apple to add the Apple Music app to Chevrolet and Cadillac vehicles, beginning Monday through an over-the-air software update for owners. The move brings one of Apple’s most popular services to GM’s newer models, which have lacked access to Apple apps since the automaker began phasing out the […]

FIRS announces new TAXPR-MAX platform for CbCR
News

France has no access to Nigerian tax data – FIRS

Nigeria’s Federal Inland Revenue Service has said a tax cooperation agreement signed with France does not grant foreign authorities access to Nigerian taxpayer data or digital systems, following public commentary on the deal. FIRS, in a statement on Saturday, said the Memorandum of Understanding with France’s Direction Générale des Finances Publiques does not provide France […]

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