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

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Burger King regains second spot in US burger

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Nigeria risks losing $1.4bn US aid over Christians persecution

Finance

NGX urges Tinubu to support fintech’s domestic listing

Policy and Regulations

NGX gains ₦237.8bn as FUGAZ banking stocks lead Friday

Business

FG unveils unified regulatory framework for crypto industry

Policy and Regulations

Blog

Opinion

Nigeria squandered its potential due to poor leadership – Activist

Human rights activist and political commentator Ann-Kio Briggs expressed deep disappointment with Nigeria’s developmental trajectory, asserting that the nation has failed to meet expectations since gaining independence in 1960. Speaking on ARISE News Night on Wednesday, Briggs attributed the country’s stagnation to years of poor leadership and wrong choices that have ultimately squandered Nigeria’s potential. […]

NAFDAC cuts licensing fees by 65%
Helth

NAFDAC destroys N15bn worth Of fake drugs in Ibadan

The National Agency for Food and Drug Administration and Control Thursday destroyed fake, expired, substandard, and falsified drugs and products valued at N15 billion in Ibadan, Oyo State. This significant destruction exercise was announced by the Director-General of the agency, Professor Mojisola Adeyeye, who was represented by NAFDAC’s Director of Investigation and Enforcement, Martins Iluyomade, […]

OpenAI unveils GPT-5 amid rising industry investment
Tech

OpenAI asks court to dismiss Elon Musk’s AI lawsuit

OpenAI Inc. has asked a United States federal judge to dismiss a lawsuit filed by Elon Musk’s AI startup, xAI, which alleged employee poaching and trade secret theft. In Thursday’s court filing, OpenAI called the claims “baseless,” asserting the lawsuit is aimed at generating publicity and intimidating former xAI employees who left to pursue other […]

EU to criminalize AI-generated porn images, deepfakes
Opinion

EU tasks Nigeria on judicial, constitutional reforms before 2027

The European Union Election Observation Mission has urged Nigeria to pursue judicial and constitutional reforms before the 2027 general election. This call was made by Mr. Barry Andrews, a member of the European Parliament and head of the EU Mission to the 2023 general elections, who led the EU EOM delegation during a follow-up assessment […]

Electricity

GenCos alarmed over exclusion from N4tn debt reconciliation

The Association of Power Generation Companies has expressed concern over their exclusion from the Federal Government’s ongoing debt verification and reconciliation exercise, which aims to address the N4 trillion owed to generation companies in Nigeria’s electricity sector. In a letter dated September 24, 2025, and signed by CEO Dr. Joy Ogaji, the APGC noted that […]

Banking

CBN rate cut will shrink banks’ profits – Moody’s

Global ratings agency Moody’s Investors Service has warned that Nigeria’s banking sector may face renewed profitability pressures following the Central Bank of Nigeria’s reduction of its benchmark Monetary Policy Rate from 27.5 per cent to 27 per cent. The CBN attributed the 50-basis-point cut to continued disinflation, expectations of further declines in inflation, and the […]

Tech

Apple removes apps enabling anonymous reporting of ICE agents

Apple announced Thursday night that it is removing ICEBlock and similar apps from its App Store, which allowed users to anonymously report United States Immigration and Customs Enforcement agent sightings. The decision follows pressure from Attorney General Pam Bondi and controversy surrounding the Trump administration’s strict immigration enforcement by ICE and other authorities. The FBI […]

Business

Oil production gains 200,000bpd after IOC asset sales – Minister

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has stated that recent divestments by international oil companies have boosted the country’s crude production by approximately 200,000 barrels per day. Speaking in Cape Town, South Africa, Lokpobiri delivered the keynote address on behalf of President Bola Tinubu at the Africa Energy Week, the statement […]

Price of of cooking gas rose by 13.75% in May 2024
featured Oil and Gas

Cooking gas price jumps 34.6% to N17,500 after PENGASSAN strike

The price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas, commonly known as cooking gas, has surged by 34.6 per cent on a Week-on-Week basis, climbing to N17,500 this week from N12,750 recorded the previous week. Checks confirmed that the price of 1kg currently retails for between N1,350, N1,400, and N1,500, with variations depending […]

VIDEO: Sanusi credits Lagos' economic growth to continuity
Banking

Sanusi urges banks to adopt mandatory quotas for women

Former Central Bank Governor and Khalifa of the Tijjaniya group in Nigeria, Sanusi Lamido Sanusi, has urged banks to adopt mandatory quotas to strengthen women’s participation in the financial sector. Speaking at the Gender Impact Investment Summit in Lagos on Thursday, Sanusi insisted that no bank should hire new employees without ensuring that at least […]

Aviation

Falcon Aero gets $10m funding to clear VivaJets debts

Falcon Aero, a Nigerian business aviation company founded in 2022, has secured a US$10 million financing facility for its subsidiary VivaJets from TLG Capital and Wema Bank. According to a statement published Wednesday on The Condia website, the funds will be used to retire existing debt, expand VivaJets’ fleet, and strengthen intra-African connectivity. The facility, […]

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