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Technology

Russia launches satellites for Starlink-style internet network

Russia’s Bureau 1440 space company has launched 16 broadband internet satellites, taking an early step toward building a low-Earth orbit network that officials describe as a domestic alternative to SpaceX’s Starlink. The satellites were launched at 8:24 p.m. on Monday and have since been placed under the company’s mission control after reaching their target reference […]

featured Opinion

Nigeria, Africa will pay heavy price if Iran war continues – Dangote

Foremost industrialist, Alhaji Aliko Dangote, has warned that Middle-East tensions driving global oil volatility could have far-reaching consequences for Nigeria and African economies. Dangote spoke on Monday in Lagos after a courtesy visit and Eid-el-Fitr homage to President Bola Tinubu. He said the visit was to extend Sallah greetings, reconnect with the president after some […]

Price of of cooking gas rose by 13.75% in May 2024
Business

Cooking gas costs rise amid Dangote adjustment, crude oil surge

Fresh pressure is building on household energy costs as marketers on Monday warned that the price of Liquefied Petroleum Gas (cooking gas) may rise further after a fresh price adjustment by the Dangote Petroleum Refinery and shifting global crude oil trends. The Nigerian Association of Liquefied Petroleum Gas Marketers said retail prices have already surged […]

Economy

Nigeria’s net domestic credit drops 6.9% to ₦109.4trn

Nigeria’s Net Domestic Credit has dropped by 6.9 per cent Year-on-Year in January 2026 to N109.4 trillion from N102.4 trillion in the same period in 2025, according to the Central Bank of Nigeria latest money and credit report. The NDC is the total value of Bank credit to both the private and public sectors. The […]

Electricity

NERC names Adegbenro acting chief executive of Eko DisCo

The Nigerian Electricity Regulatory Commission has approved the appointment of Ms. Sherifat Adegbenro as the Acting Chief Executive Officer of Eko Electricity Distribution Company. The Commission disclosed this in a public notice shared on its X handle on Monday. According to NERC, the appointment is in line with the Code of Corporate Governance for the […]

New expatriate levy sparks concerns over regional integration
Energy

CPPE demands urgent govt action on soaring energy costs

As Nigerians grapple with soaring energy costs, the Centre for Promotion of Private Enterprises, on Monday, demanded government’s urgent intervention to ease the burden. The Executive Director, CPPE, Dr Muda Yusuf, in a statement, pointed out that the continued pressure on Nigerians and the economy by the United States/ Israel – Iran war demands government […]

Over 160,000 benefited from Tinubu's transport subsidy - Alake
featured Investment

Nigeria attracts $2.6bn FDI in solid minerals sector — Alake

The Minister of Solid Minerals Development, Dr. Dele Alake, disclosed that the Tinubu-led administration has attracted over $2.6 billion in Foreign Direct Investment into the sector in two years. Alake made this known in a statement signed by his Special Assistant on Media, Segun Tomori. In the statement, the Minister advocated for regional hubs to […]

featured Finance

Naira depreciates to ₦1,388/$ amid fresh pressure

The Naira faced renewed pressure in the foreign exchange market today, March 24, 2026, as increased demand for the United States Dollar triggered a noticeable depreciation across both the official and parallel market segments. Data from the Nigerian Foreign Exchange Market indicates that the Naira weakened by approximately 2.48 percent during the early hours of […]

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Tech

Namibia blocks Starlink entry over ownership rules

Namibia on Monday rejected a request by billionaire Elon Musk’s Starlink to operate its satellite internet services in the country, marking the company’s second setback in southern Africa. The Communications Regulatory Authority of Namibia said Starlink submitted its application through its local unit, Starlink Internet Services Namibia Limited, according to a government gazette. Starlink delivers […]

Tech

Apple plans to introduce ads in maps app

Apple is reportedly planning to introduce ads in the Apple Maps app. An announcement could come as early as this month, with the ads expected to roll out to iPhones by summer, according to Bloomberg. The system would likely function similarly to ads on Google Maps and Yelp, allowing businesses and brands to bid for […]

Air Peace suspends flights over NiMet strike, cites safety concerns
Aviation

Air Peace rejects Lagos govt tax evasion allegations

Nigeria’s largest airline, Air Peace, has dismissed reports alleging that its Chairman and Chief Executive Officer, Allen Onyema, and Vice Chairman, Alice Onyema, are facing a tax evasion suit filed by the Lagos State Government. The airline, in a statement issued on Monday, described the claims as surprising and unsubstantiated. It noted that neither the […]