Business

Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran

  • 7th August 2026

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

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Some Populer Post

Trump signs new executive order banning birth tourism

Travel

Seplat, Aradel, Oando post ₦7.05trn revenue amid US-Iran war

Business

Dangote Refinery remains Europe’s top jet fuel supplier

Aviation

Air Canada to begin direct Lagos flights from 2027

Aviation

Blog

Policy and Regulations

CBN mandates 48-hour reimbursement for e-fraud victims

The Central Bank of Nigeria has ordered banks and other financial institutions to reimburse victims of Authorised Push Payment fraud within 48 hours, marking one of the strongest regulatory moves yet to protect customers from rising electronic fraud in the country. APP fraud occurs when customers are manipulated, persuaded or misled into voluntarily sending money […]

MultiChoice denies DStv, GOtv subscription prices claims
Business

DStv subscribers may lose CNN, discovery channels from January 2026

DStv subscribers could lose 12 major Warner Bros. Discovery channels, including CNN, Discovery Channel and Cartoon Network, from January 1, 2026, if MultiChoice and WBD fail to reach a new distribution agreement. MultiChoice, now owned by Canal+, alerted customers in an email on Monday, stating that its current carriage deal with WBD expires on December […]

Meta offered $100m bonuses to lure OpenAI staff, Altman alleges
Tech

OpenAI faces growing pressure amid gains by Google, Anthropic

OpenAI CEO issued a Monday memo to staff declaring a “code red” to enhance ChatGPT, according to multiple reports. Altman indicated the company will scale back investments in sectors such as health, shopping, and advertising to focus on improving the chatbot, according to CNBC. OpenAI declined to comment on the matter on Tuesday. “Our focus […]

Amazon cuts 100 Jobs in devices, services unit
Tech

Amazon launches DevOps agent to speed up outage recovery

Amazon’s cloud division on Tuesday unveiled DevOps Agent, an AI-powered tool aimed at helping clients diagnose and recover from system outages more efficiently. The software leverages data from third-party monitoring platforms, including Datadog and Dynatrace, to predict the causes of technical issues. AWS said the tool is available for preview starting Tuesday, with paid access […]

BOI extends RAPID funding application deadline for MSMEs
Business

BoI disbursed N1.27tn to businesses across 14 sectors in 2024

The Bank of Industry reported that it disbursed over N1.27 trillion in 2024, both directly and indirectly, to businesses spanning 14 economic sectors. The bank noted that these interventions helped create and sustain more than 900,000 jobs across the country during the year. BoI Managing Director and CEO, Dr. Olasupo Olusi, made this disclosure on […]

News

Lagos unveils first phase of Lekki–Epe bus reform initiative

Lagos is set to begin regulated bus services on the Lekki–Epe corridor on December 8, introducing 229 high- and medium-capacity buses as part of the first phase of its new transit reform initiative. The Lagos Metropolitan Area Transport Authority announced on Tuesday that this rollout represents the initial stage of the Lekki–Epe Bus Reform Scheme. […]

Nigerian telecom users may pay higher charges in new tax law
Telecommunications

Telecom sector defies economic headwinds, grows 5.78% in Q3 2025

Nigeria’s telecommunications sector demonstrated remarkable resilience in the third quarter of 2025, posting a real growth rate of 5.78 per cent despite a modest quarterly dip, according to the latest data from the National Bureau of Statistics. The report underscores the sector’s continued role as a backbone of the Nigerian economy, even as macroeconomic challenges […]

Amazon cuts jobs in books division amid broader efficiency push
Tech

Amazon cuts EU seller fees as Shein, Temu competition rises

Amazon is slashing the fees it charges sellers in Europe as it faces rising competition from low-cost marketplaces such as Shein and Temu. The company said on Tuesday that the move, one of its biggest fee cuts to date, will initially target reductions for sellers of low-priced fashion items. Amazon will reduce referral fees on […]

Business

Prada completes acquisition of rival Versace

Prada on Tuesday announced it has completed the acquisition of Italian luxury rival Versace, a brand the group said it had pursued for years. The fashion house reached a definitive agreement in April to buy Versace from U.S.-based Capri Holdings for about €1.3 billion ($1.51 billion), after Capri’s planned sale to Tapestry collapsed following antitrust […]

Investors lose N67bn as market dips
Investment

Nigerian investors protected from pre-2026 capital gains tax

Investors in Nigerian equities will not be subject to capital gains tax on any share gains accumulated before December 31, 2025. Additionally, those who reinvest sale proceeds into Nigerian companies within 12 months will also be fully exempt from the tax. The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, […]

Electricity

700,000 meters ready for nationwide distribution – NERC

The Nigerian Electricity Regulatory Commission on Tuesday said about 600,000 to 700,000 electricity meters are already available for distribution across the country. NERC Vice Chairman, Musiliu Oseni, disclosed this while giving his opening remarks at the 4th NESI Stakeholders Meeting in Abuja. The statement was also shared on the Commission’s X page. Oseni, who is […]

Meristem projects oil, banking sector gains amid rising crude prices
Oil and Gas

FG launches $100m equity fund for oil and gas firms

The Federal Government has launched a $100 million equity investment scheme aimed at boosting the capacity of Nigerian companies operating in the oil and gas sector. The initiative was unveiled on Tuesday at the 2025 Practical Nigerian Content Forum in Yenagoa, Bayelsa State, by the Executive Secretary of the Nigerian Content Development and Monitoring Board, […]

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