Business

Spain to impose border controls on Italian passengers

  • 8th August 2026

Burger King regains second spot in US burger

  • 8th August 2026

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

  • 7th August 2026

Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

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Spain to impose border controls on Italian passengers

Business

Cloudflare unveils Kitesurf browser built for AI agents

Tech

Hackers target US financial firms in data extortion campaign

Tech

Meta faces fresh $567m fine over social media harms

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Blog

Business

Lenders take control of Nestoil amid $1b debt dispute

A group of Nigerian lenders has placed Nestoil Limited, a major oil and gas service company, under receivership due to an outstanding debt of approximately $1 billion. The move comes after a Federal High Court order was issued on October 22, 2025. The Federal High Court in Lagos issued a Mareva injunction, an asset-freeze order, […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Apple, Microsoft surpass $4tn market value

Apple and Microsoft shares climbed on Tuesday, pushing both companies past a $4 trillion market capitalization. Despite the milestone, they remain behind Nvidia, currently the world’s most valuable company with a market cap exceeding $4.6 trillion. Microsoft first reached the $4 trillion mark in July. Apple’s shares have surged recently, fueled by strong sales of […]

Aviation

12 feared dead as tourist plane crashes in Kenya

A small aircraft en route to the Maasai Mara crashed Tuesday in Kenya’s coastal Kwale region, with all 12 people on board feared dead, officials said. The plane went down in a remote, forested area roughly 40 kilometers from Diani airstrip. Kwale County Commissioner Stephen Orinde said that the passengers were foreign tourists, though their […]

Amazon cuts jobs in books division amid broader efficiency push
Tech

Amazon to cut 14,000 corporate jobs amid AI investment push

Amazon on Tuesday announced plans to cut about 14,000 corporate jobs as it trims management layers to reduce costs while ramping up investments in artificial intelligence. The company had around 1.56 million full- and part-time workers at the end of last year, including roughly 350,000 in corporate roles. The decision is part of efforts to […]

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NNPC to upgrade downstream infrastructure nationwide – Ojulari

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, says the company plans to upgrade and expand its existing downstream infrastructure nationwide. Speaking at the opening of the 2025 OTL Africa Downstream Energy Week in Lagos on Monday, Ojulari said the initiative is aimed at strengthening collaboration and improving operational efficiency across […]

Chery Automobile sales increase by 52.6%
News

Delta gov urges partnership to revive automotive sector

Governor Sheriff Oborevwwori of Delta State yesterday emphasized the need for Nigeria to build a sustainable and globally competitive automotive industry capable of empowering youths and conserving foreign exchange. Oborevwwori stated this in Asaba, the state capital, while declaring open the retreat of the House of Representatives Committee on Industry and the National Automobile Design […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC warns of declining capital market participation amid crypto boom

The Securities and Exchange Commission has expressed concern over Nigerians’ increasing shift from traditional capital market investments to cryptocurrency trading. SEC Director-General Emomotimi Agama revealed that over $50 billion worth of cryptocurrency transactions were recorded in Nigeria between July 2023 and June 2024, highlighting a strong investor appetite for high-risk assets that has yet to […]

New tax law empowers Nigeria Revenue Service to secure loans
Opinion

Oshiomhole urges Tinubu to revive textile industry

Former Edo State Governor and ex–All Progressive Congress National Chairman, Senator Adams Oshiomhole, has called for the urgent revival of Nigeria’s textile industry, describing it as a sleeping giant capable of generating over 20 million jobs and reviving the economy. Speaking in Kaduna at the 37th Annual National Education Conference of the National Union of […]

The Nigerian Petroleum and Natural Gas Senior Staff Association has written to President Bola Ahmed Tinubu via the Chief of Staff's office to request that the
Oil and Gas

15 NMDPRA staff sue PENGASSAN over suspension, caretaker committee

Fifteen staff members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority have sued the Petroleum and Natural Gas Senior Staff Association of Nigeria over their suspension and the subsequent appointment of a caretaker committee for the NMDPRA branch in Abuja. The fifteen members, suing for themselves and as concerned members of the PENGASSAN NMDPRA […]

News

Kaduna courts shut down as judiciary workers begin strike

Judicial operations across Kaduna State came to a complete halt on Monday as members of the Judiciary Staff Union of Nigeria commenced an indefinite strike to demand financial autonomy and the payment of long-standing arrears. Courts at all levels—including the Federal and State High Courts, Magistrates’ Courts, Upper Shari’a Courts, and Customary Courts—were placed under […]

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