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UAE oil giant vessel attacked in Strait of Hormuz

Oil and Gas

Agric credit hits ₦3.86trn as oil, gas lending falls

Agribusiness

PwC flags gaps in new NRS virtual asset tax

Business

Bonny Light nears $95 as Middle East tensions persist

Oil and Gas

Blog

Business

Geregu Power assures stakeholders amid debt concerns

Geregu Power Plc has moved to reassure shareholders, investors, regulators and other stakeholders over concerns surrounding its bond repayment obligations, saying it is reviewing its financial commitments and remains committed to resolving outstanding challenges. The company’s clarification followed recent online publications raising concerns about its ability to meet its bond repayment obligations. Vanguard reported that […]

Policy and Regulations

Tinubu signs bill to create port economic regulator

President Bola Tinubu has assented to the Nigerian Ports Economic Regulatory Agency Bill, 2026, paving the way for the establishment of a dedicated economic regulator for Nigeria’s port sector. The development was disclosed by the Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Dr Pius Akutah, in a post on his Facebook […]

Economy

UK economy slowed in Q2 amid political unrest — Report

Britain’s economy slowed in the second quarter, the national statistics office reported Thursday, saying that output remained “robust” despite domestic political unrest and fallout from the US-Iran war. According to AFP, the Gross Domestic Product increased 0.4 per cent in the April-June period after it expanded 0.6 per cent in the first quarter, the Office […]

Technology

Lagos adds EV charging points to new fresh food hub

Lagos State has provided electric vehicle charging points at its 7,000 square metre fresh food hub in Pen Cinema, Agege, as part of the facility’s infrastructure. The Lagos State Governor, Babajide Sanwo-Olu, made the announcement on X on Wednesday following the commissioning of the Lagos Fresh Food Hub in Pen Cinema, Agege. The facility provides […]

Tech

UK courts ban Meta smart glasses over ‘spyware’ concerns

Courts across England and Wales have joined restaurants, theatres and pubs in banning Meta smart glasses amid growing concerns over their potential use as “spyware”. The move follows a ban announced last month by courts in New York against the controversial glasses, which are capable of recording video while being worn. His Majesty’s Courts & […]

Energy

ITUC-Africa demands just energy transition for African workers

For three days, the heart of Africa’s trade union movement was in Nairobi, Kenya, as workers’ representatives from across the continent, alongside international partners and other stakeholders, gathered to confront one of the defining questions of Africa’s future: how can the continent achieve a green energy transition without leaving workers and communities behind. The Second […]

Aviation

Passenger allegedly sets up fake Wi-Fi network on Delta flight

An unidentified passenger allegedly set up a fake Wi-Fi network aboard a Delta flight from Las Vegas to Atlanta, United States on Monday, prompting the pilots to alert air traffic control, according to the airline and public radio communications from the aircraft. “[The] safety of flight was never in question and no aircraft operating systems […]

Business

Nigeria beats OPEC oil quota despite 4% production decline

Nigeria exceeded its Organisation of the Petroleum Exporting Countries quota for the third consecutive month in July, despite a four per cent month-on-month decline in crude oil production, according to the Nigerian Upstream Petroleum Regulatory Commission. The latest production data released by the NUPRC on Wednesday showed that Nigeria produced an average of 1.505 million […]

Tech

Uber Freight hit by cyberattack as extortion group claims data breach

A hacking and extortion group has claimed responsibility for a cyberattack and data breach targeting Uber Freight, the logistics subsidiary of ride-hailing giant Uber. Uber Freight confirmed the incident but said its operations were not affected, with its systems continuing to function normally. The company is the latest transportation business reportedly targeted by the Helix […]

Tech

Meta removes over 750,000 under-16 accounts in Australia

Meta, the owner of Facebook and Instagram, said on Thursday that it had removed more than 750,000 accounts suspected to belong to Australians under the age of 16 since Australia’s world-first social media ban for teenagers took effect. The company said it deactivated 462,000 suspected underage Instagram accounts and 294,000 Facebook accounts between the period […]

Oil and Gas

EFCC recovers ₦115bn, $84m unpaid NDDC levies from oil firms

The Economic and Financial Crimes Commission has recovered more than N115bn and $84m in outstanding statutory levies owed the Niger Delta Development Commission by oil companies, the agency told the Senate on Wednesday. The disclosure was made before the Senate Public Accounts Committee, chaired by Senator Ibrahim Dankwambo, during the committee’s ongoing investigation into issues […]

featured Finance

CBN rate stable at ₦1,367/$ amid FX liquidity watch

The naira remained relatively stable against the United States dollar on Thursday, August 13, 2026, in both the official Nigerian Foreign Exchange Market and the parallel market, as traders continued to monitor foreign exchange liquidity and demand pressures. Data from the Central Bank of Nigeria’s NFEM platform showed the official exchange rate hovering around N1,367 […]

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