Business

Firms expect borrowing costs to ease in coming

  • 7th August 2026

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

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Naira holds steady at ₦1,368/$ in official FX market

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Firms expect borrowing costs to ease in coming months

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Freight agents, Customs clash over Single Window rollout

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Lagos needs 40,000 more doctors, says Sanwo-Olu

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FG bans cash payments to MDAs, orders digitalisation

The Federal Government has unveiled a new digitisation initiative that will overhaul treasury operations, eliminate paper-based workflows, and enforce full transparency across all Ministries, Departments and Agencies starting January 2026. The update was announced on Monday by the Office of the Accountant General of the Federation. The OAGF said the circulars are part of a […]

Business

External reserves surpass $45bn as Nigeria records major FX boost

Nigeria’s external reserves have surpassed $45 billion, according to new figures from the Central Bank of Nigeria. With reserves now at $45.04 billion, the country is recording its strongest position in six years, marking a sharp rebound from earlier levels. Findings indicate that Nigeria’s reserves last reached this level on July 23, 2019, when they […]

Nigeria can become global talent exporter, says NITDA DG
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NITDA warns Nigerians of dangerous new ChatGPT vulnerabilities

The National Information Technology Development Agency has issued an urgent cybersecurity advisory warning Nigerians about new vulnerabilities in ChatGPT that could expose users to data-leakage attacks. The agency released the notice through its Computer Emergency Readiness and Response Team. The warning follows rising concerns about AI-powered tools interacting with unsafe web content and the growing […]

News

Nigeria will lend to nations by 2026 — First Lady

Nigeria’s First Lady, Senator Oluremi Tinubu, has said the country is moving toward a future of strong growth and may soon be in a position to lend money to other nations. She made the remark on Sunday in Ile-Ife, Osun State, after she received the chieftaincy title of Yeye Asiwaju Gbogbo Ile Oodua from the […]

Business

Trump flags antitrust concerns over Netflix’s Warner Bros deal

President Donald Trump has raised concerns that Netflix’s proposed acquisition of Warner Bros. Discovery could face intense antitrust review, casting new uncertainty over a deal that could reshape the global entertainment industry. Arriving at the Kennedy Center in Washington for a cultural event, Trump told reporters that the merger, which would bring one of Hollywood’s […]

Tesla whistleblower wins legal fight against Elon Musk
Tech

Musk calls for EU’s abolition after €120m fine on X

Elon Musk has demanded the abolition of the European Union after the bloc fined his social media company, X, €120 million ($140 million) over a “deceptive” blue checkmark system and insufficient transparency in its advertising repository. The European Commission issued the fine on Friday following a two-year probe under the Digital Services Act, enacted in 2022 to […]

News

NiMet forecasts three-day dust haze, thunderstorms across Nigeria

The Nigerian Meteorological Agency has issued a three-day weather outlook, forecasting dust haze across northern and central Nigeria and isolated thunderstorms in the South from Monday, December 8, to Wednesday, December 10, 2025. The forecast was included in the Weather Outlook bulletin released by NiMet’s Central Forecast Office on Sunday. According to the outlook, visibility […]

Seven banks paid N392.53bn in taxes in first half of 2024
Finance

FG unveils committee for fair capital gains tax rollout

The Federal Government has inaugurated the National Tax Policy Implementation Committee, signifying a deliberate shift towards a more predictable and market-aligned rollout of the newly enacted capital-gains-tax provisions. This initiative follows extensive technical engagements with key capital-market institutions, including the Securities and Exchange Commission and Nigerian Exchange Group. The action reflects policymakers’ recognition of the […]

IBM launches power-efficient Power11 chips to simplify AI use
Tech

IBM eyes $11bn acquisition of data infrastructure firm Confluent

IBM is reportedly in advanced discussions to acquire data infrastructure firm Confluent for approximately US$11 billion. This was disclosed in a statement on Monday, according to the Wall Street Journal, citing sources familiar with the matter. The deal could be finalized and announced as early as Monday, the report added. Confluent currently has a market value […]

IBM launches power-efficient Power11 chips to simplify AI use
Business

NITDA issues urgent cybersecurity alert over ChatGPT vulnerabilities

The National Information Technology Development Agency has issued an urgent cybersecurity alert, cautioning Nigerians about newly discovered vulnerabilities in ChatGPT that may put users at risk of data-leakage attacks. The warning was issued via the agency’s Computer Emergency Readiness and Response Team. The advisory comes amid increasing concerns over AI-powered tools accessing unsafe online content […]

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