Business

NGX gains ₦237.8bn as FUGAZ banking stocks lead

  • 8th August 2026

X scraps revenue sharing, unveils original content rewards

  • 8th August 2026

Spain to impose border controls on Italian passengers

  • 8th August 2026

Burger King regains second spot in US burger

  • 8th August 2026

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NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday

Business

FG unveils unified regulatory framework for crypto industry

Policy and Regulations

X scraps revenue sharing, unveils original content rewards programme

Business featured

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

Business

Blog

featured Oil and Gas

Reps probe $18bn spent on non-functional refineries

The House of Representatives on Thursday mandated its relevant committees to investigate the non-functionality of state-owned petroleum refineries in Port Harcourt, Warri, and Kaduna, despite the reported expenditure of about $18 billion on their rehabilitation over the past two decades. The resolution followed the consideration and adoption of a motion on notice moved by Lagos […]

Electricity

Soludo inaugurates commission to regulate Anambra electricity

Anambra State Governor Chukwuma Soludo has inaugurated a five-member Anambra State Electricity Regulatory Commission, in a move to enhance power supply management and strengthen regulatory oversight in the state. The commission is chaired by Professor Frank Nwoye Okafor, who will also serve as the Chief Executive Commissioner. Other members include Engr. Geoffrey Okwuchukwu Nwokoye, Dr. […]

Oil and Gas

Bayelsa community laments oil pollution, demands probe

An oil spill from an 8-inch crude delivery pipeline at Oil Mining Lease 29 has polluted Nembe communities around the Santa Barbara River in Bayelsa State, with residents of these communities demanding probe. The OML 29 asset is operated by Nembe Exploration and Production Company Limited, formerly Aiteo Eastern Exploration and Production Company Limited. The […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
Opinion

World Bank report exposes worsening poverty under Tinubu — ADC

The African Democratic Congress has said that the World Bank’s October 2025 report, which revealed that 139 million Nigerians are now living below the poverty line, exposes the widening gap between the Federal Government’s claims of economic recovery and the harsh realities faced by ordinary citizens. In a statement signed by its National Publicity Secretary, […]

News

Veteran broadcaster Christopher Kolade dies at 92

Christopher Kolade, the esteemed diplomat, broadcaster, and statesman, has died at the age of 92. His family confirmed his passing in a statement. “We are thankful for his incredible life of faith and service, and are grateful for God’s abundant blessings,” the statement reads. The statement said the statesman passed away peacefully on Wednesday, October […]

Google to add digital watermark to AI-edited images
Tech

Google unveils Gemini subscriptions for workplace AI agents

Google is taking another shot at selling businesses on artificial intelligence agents by introducing subscriptions featuring agents that perform specific work tasks. Gemini Enterprise targets large organizations, starting at a monthly fee of $30 per person. Gemini Business, for smaller clients, costs $21 per person each month. The offerings enable corporate workers to build agents […]

World Bank approves $1.08bn to improve health, education
Business

Nigeria’s revenue allocation higher than Ghana’s, others – W’Bank

Nigeria’s revenue-sharing system, which grants the Federal Inland Revenue Service 4 per cent of both non-oil and oil revenues (excluding royalties), is significantly higher than comparable allocations in countries like Kenya, Ghana, South Africa, and Uganda. This finding is highlighted in the World Bank’s October 2025 edition of the Nigeria Development Update (NDU), titled “From […]

featured News

Nigeria lost $10bn to North-East conflict – UNICEF

The United Nations Children’s Fund has estimated that Nigeria lost about $10 billion to the decade-long conflict in the North-East. Wafaa Saeed, the UNICEF Country Representative, disclosed this in Maiduguri on Wednesday during the formal launch of a socio-economic reintegration program for children affected by armed conflict. Represented by UNICEF Child Protection Manager, Shah Mohammad […]

IGR
Opinion

Nigerians not feeling increased IGR impact, Labour, opposition slam govt

The surge in subnational revenue has drawn mixed reactions from stakeholders nationwide, including labour union leaders and opposition parties, many of whom have criticised poor revenue management and the neglect of key projects at both federal and state levels. This follows Monday’s release of Internally Generated Revenue data by the National Bureau of Statistics, showing […]

Huawei’s artificial intelligence research arm, Noah’s Ark Lab, has denied allegations that its Pangu Pro Moe large language model copied elements from Alibaba’s Qwen 2.5-14B model.
Uncategorized

China blacklists Canadian firm for exposing Huawei chip secrets

China has placed the leading research company TechInsights on its Unreliable Entity list, effectively banning the Canadian teardown specialist, known for uncovering the inner workings of Huawei Technologies Co.’s AI chips, from operating in the country. According to a statement from the Ministry of Commerce on Thursday, TechInsights, along with several other firms including certain […]

Business

NUPRC unveils gas development roadmap to unlock untapped reserves

The Nigerian Upstream Petroleum Regulatory Commission has launched a comprehensive Gas Development Roadmap to unlock more than 55 trillion cubic feet of untapped gas reserves and attract billions of dollars in investment across Nigeria’s gas sector. The Commission stated that the initiative has already drawn approximately $4.9 billion in capital expenditure within the country’s gas […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
Economy

Presidency rejects World Bank’s ‘unrealistic’ 139m poverty figure

The Presidency has disputed the latest economic report by Nigeria’s biggest multilateral lender, the World Bank, which estimated that 139 million citizens were living in poverty, describing the figure as “unrealistic” and detached from the country’s economic realities. President Bola Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare, said in a post on […]

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