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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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Nigeria’s external debt service falls 31.5% to $954m

Business

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

Blog

Meta tests in-house AI chip to reduce reliance on Nvidia
Business

Meta cuts 600 jobs in AI division

Facebook owner Meta is cutting 600 jobs in its artificial intelligence division, a move United States media reported Wednesday is intended to streamline operations following a period of aggressive hiring. According to reports in the Wall Street Journal, the New York Times, and other publications, the job cuts will not affect the TBD Lab, an […]

Business

Loan app registrations hit 492 as N100m penalty looms

The number of officially registered digital lenders, commonly referred to as loan apps, has risen sharply in recent months, reaching 492 in October as more companies sought to avoid a N100 million penalty. This surge follows the Federal Competition and Consumer Protection Commission rolling out new regulations for all digital lenders in Nigeria. Under the […]

Business

NNPCL suffers ₦380bn revenue loss in September

The Nigerian National Petroleum Company Limited experienced a decline in both production and earnings, losing approximately N380 billion in September 2025 compared to the previous month, according to its latest monthly performance report. The report showed that total revenue for September stood at N4.27 trillion, down from N4.65 trillion in August, reflecting a month-on-month drop […]

Maritime

FG launches drive to modernise ports beyond Lagos

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has revealed that the Federal Government has begun procuring services and equipment to modernise seaports outside Lagos, aiming to promote balanced development across Nigeria’s maritime hubs. He made the disclosure on Wednesday in Lagos during the 2025 Chartered Institute of Logistics and Transport Nigeria Conference, themed, […]

Business featured

Dangote to sell 10% refinery stake on NGX

Chairman of Dangote Petroleum Refinery, Aliko Dangote, has announced plans to sell between five and 10 per cent of the refinery’s shares on the Nigerian Exchange Limited within the next one year. Speaking in an interview with S&P Global, Dangote confirmed that the move would follow the same path taken by other Dangote Group subsidiaries […]

FG spends 74% of revenue on debt in Q1 2024
featured Finance

Naira appreciates to ₦1,492/$1 in parallel market

The Naira recorded a slight appreciation in the parallel market yesterday, rising to ₦1,492 per dollar from ₦1,495 per dollar recorded on Tuesday. Conversely, the Naira depreciated in the Nigerian Foreign Exchange Market. Data published by the Central Bank of Nigeria, however, indicated that the official exchange rate for the Naira actually improved, as it […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Marketers accuse Dangote Refinery of failure to honour fuel orders

Petroleum marketers have accused the Dangote refinery of failing to load their trucks, even weeks after payments were made. The claims came in response to a statement by the company’s Vice President, Devakumar Edwin, who insisted that marketers should present their trucks for loading. Two marketers, speaking anonymously to avoid potential backlash, said that they […]

Business

Sacked Dangote Refinery engineers reject allegations of sabotage

Some engineers dismissed by the Dangote Refinery last month have refuted claims that 22 acts of sabotage, including an attempt to set the facility on fire, took place. They insisted the allegations were false, stating their termination was due to joining the Petroleum and Natural Gas Senior Staff Association of Nigeria. Speaking anonymously due to […]

UK expands work visa sponsors for Nigerians
Business

UK cuts post-study work period for Nigerians, other foreign students

The United Kingdom has announced that, starting January 2027, the post-study work period for international students, including Nigerians, will be reduced from two years to 18 months. UK Home Secretary Shabana Mahmood made the announcement on October 14, citing the government’s plan to require immigrants to meet an A-level standard in English proficiency. A statement […]

Reddit launches AI-powered feature to compete with search engines
Tech

Reddit sues Perplexity AI over unauthorized use of content

Reddit Inc. has filed a lawsuit against Perplexity AI and three data-scraping firms, accusing them of unlawfully collecting and using its data. Filed Wednesday in a United States federal court, the suit alleges that Oxylabs UAB, AWMProxy, and SerpApi scraped Reddit content through Google search results for resale, and that Perplexity AI purchased the data […]

Amazon cuts jobs in books division amid broader efficiency push
Tech

Amazon unveils ‘Blue Jay’ robot to streamline warehouse operations

Amazon on Wednesday introduced Blue Jay, a new robotic system designed to perform multiple warehouse tasks simultaneously. The system features a series of robotic arms suspended from a conveyor-style track, each equipped with suction cups to handle items of various shapes and sizes. According to Amazon, Blue Jay merges what were previously three separate robotic […]

Helth

Senate passes bill to boost healthcare fund for second reading

The Senate has taken a major step toward strengthening Nigeria’s primary healthcare system after it passed for second reading a bill seeking to increase the Basic Health Care Provision Fund from one per cent to two per cent of the Consolidated Revenue Fund of the Federal Government. The proposed legislation, titled “A Bill for an […]

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