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NGX gains ₦237.8bn as FUGAZ banking stocks lead

  • 8th August 2026

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Iran sets conditions for reopening Strait of Hormuz

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SERAP urges Tinubu, Atiku, Obi, others to publish assets

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Taraba owes ₦85.51bn not ₦1.2tn, commissioner cites official DMO

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Business

Nigeria’s upstream reforms unlock $18.2bn investments – NUPRC

Nigeria’s oil and gas sector is witnessing a surge in investor confidence, driven by recent upstream reforms that have unlocked $18.2 billion in Field Development Plans for 2025, while crude oil losses have fallen to their lowest level in more than a decade. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, […]

NIPOST reveals reason behind delay in meeting deliveries
E-commerce

NIPOST seizes cannabis-laden package hidden in duvet cover

The Nigerian Postal Service has seized a suspicious package containing seven pouches of cannabis hidden inside a duvet cover, as part of its intensified efforts to curb the misuse of postal and courier services for illegal activities. In a statement released on Tuesday, NIPOST said the parcel was sent from Bangkok, Thailand, and addressed to […]

Business

UK, US strike landmark tech deal as Trump visits

Britain and the United States have signed a major technology agreement set to inject billions of pounds into the UK economy, coinciding with President Donald Trump’s second state visit. Prime Minister Sir Keir Starmer hailed the deal as “a general step change” in UK-US relations, promising “growth, security and opportunity across the country.” The “tech […]

Dangote Refinery loses N32.5bn after petrol price cut
Oil and Gas

Dangote’s ships first petrol consignment to US

Dangote Refinery has shipped premium motor spirit to New York, United States, for the first time. Reuters reported that the cargo, arranged by Sunoco and Vitol, was delivered on Monday aboard the tanker Gemini Pearl. The shipment marks a significant milestone for the 650,000-barrel-per-day facility. The deliveries mark a key milestone for the $20 billion […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Banking

CBN orders banks to replace MD/CEO three months before exit

The Central Bank of Nigeria has directed Domestic Systemically Important Banks to implement early succession planning for their Managing Directors/Chief Executive Officers and other senior executives. This initiative is designed to enhance corporate governance and reduce potential disruptions that could affect financial stability. In a circular issued by the Director of the Financial Policy and […]

Staff, customers safe, UBA clarifies Lagos fire incident
News

Staff, customers safe, UBA clarifies Lagos fire incident

United Bank for Africa (UBA) has assured that its staff and customers are safe following the fire outbreak on Tuesday at Afriland Tower, a six-storey commercial building on Broad Street, Lagos Island. The bank explained that while the building houses one of its branches, its corporate headquarters—UBA House on Marina—was not affected, contrary to earlier […]

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  • 16th September 2025
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TikTok launches campus verification to help students connect
Tech

Trump extends TikTok sale deadline to December 16

President Donald Trump on Tuesday extended the deadline for ByteDance to sell TikTok’s United States business until December 16, averting an immediate ban on the popular video app. The move comes after Treasury Secretary Scott Bessent confirmed a “framework deal” under which about 80 per cent of TikTok’s U.S. unit would be owned by investors […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Tech

Microsoft to invest $30b in UK AI infrastructure

Microsoft said Tuesday it will invest $30 billion in artificial intelligence infrastructure in the United Kingdom by 2028, in one of its biggest commitments outside the United States. A key project is the construction of the country’s largest supercomputer, featuring more than 23,000 advanced GPUs, in partnership with British cloud firm Nscale. The move comes […]

Business

Dangote adds 6,000 cargo trucks to fleet amid NUPENG rift

The President and Chief Executive of Dangote Group, Aliko Dangote, has revealed that the conglomerate has acquired 10,000 trucks, 4,000 CNG fuel tankers and 6,000 dry cargo trucks for transporting coal and other solid commodities across its operations. Speaking in a session aired by Channels Television on Tuesday, Dangote addressed ongoing disputes with the Nigeria […]

Business

Lenders would have seized my assets if refinery failed – Dangote

The President of the Dangote Group, Aliko Dangote, has revealed that if his multibillion-dollar refinery project had failed, lenders would have seized his assets. Speaking on Monday at a press conference marking one year since petrol production began at the 650,000-barrel-per-day facility, Dangote described the refinery as a high-risk venture. He noted that many industry […]

Business

Kaduna seals $120m deal to boost irrigation, agriculture

The Kaduna State government has finalized a $120 million Memorandum of Understanding to transform irrigation farming and advance other agricultural projects in the state. Governor Uba Sani announced the agreement on Tuesday through his official Facebook page, noting that it followed his working visit to Bucharest, Romania. He described the deal as a major step […]

Tech

Google’s Gemini overtakes ChatGPT as top Apple Store app

Google is gaining ground in generative AI as its Gemini app topped Apple’s App Store this week, surpassing OpenAI’s ChatGPT. The surge follows last month’s release of Gemini’s “2.5 Flash Image” model, which introduced Nano Banana, a feature that lets users blend photos and generate digital figurines. The update drew 13 million new users and […]

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