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NCGC, Banks sign MOU to expand credit for women, youths

The National Credit Guarantee Company has entered into a memorandum of understanding with participating financial institutions to boost access to credit for women- and youth-led businesses. The agreement, signed on Thursday in Lagos, brought together financial sector leaders, development partners, and other stakeholders. Under the partnership, NCGC will offer credit guarantee solutions to reduce lending […]

Leadway Assurance to launch new reporting protocol
Business

Leadway Holdings to acquire 100% stake in PAL Pensions

Leadway Holdings has announced an agreement to acquire full ownership of PAL Pensions. The group managing director and CEO, Tunde Hassan-Odukale, disclosed the transaction in an email to employees on Saturday. Hassan-Odukale stated that the acquisition will position the group among the top three pension fund administrators in Nigeria by assets under management. He noted […]

News

IMF cuts Angola’s 2025 growth forecast to 2.1%

The International Monetary Fund has lowered Angola’s 2025 growth forecast to 2.1 per cent, from 2.4 per cent previously, as weaker oil exports weigh on the economy. In its latest assessment released Friday, the IMF cautioned that Angola faces mounting debt-servicing risks and advised the government to scale back borrowing, cut spending, and allow more […]

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

Bayelsa monarchs backs Dangote Refinery to boost local oil processing

The chairman of the Bayelsa State Traditional Rulers Council, Bubaraye Dakolo, has expressed support for the Dangote Petroleum Refinery, describing local refining as the only sustainable path for Nigeria to fully harness its oil and gas resources. In a statement on Friday, Dakolo said the Niger Delta takes pride in the refinery’s role in enabling […]

Aviation

FAAN advises passengers arrive early as Lagos airport reconstruction begins

The Federal Airports Authority of Nigeria has advised outbound passengers using the Murtala Muhammed International Airport, Lagos, to arrive early due to possible delays following the commencement of reconstruction work at the international terminal. In a travel advisory issued on Friday, the agency urged travelers to allow extra time for their journeys as passenger processing […]

Business

Customs , AfCFTA plan high-level roundtable in Abuja

The Comptroller General of the Nigeria Customs Service, Bashir Adewale Adeniyi, said on Friday that Nigeria is collaborating with the African Continental Free Trade Area Secretariat, Afreximbank, and the World Customs Organisation to host a roundtable of African customs chiefs in Abuja. He also noted that the Intra-African Trade Fair 2027 in Lagos would provide […]

featured

India skips US crude, turns to Nigeria amid trade tension

Indian Oil Corporation, the country’s largest refiner, has skipped United States crude in its latest tender, opting instead for two million barrels from Nigeria and one million barrels from the Middle East, according to sources. IOC bought one million barrels each of Nigeria’s Agbami and Usan grades from TotalEnergies, and another million barrels of Abu […]

News

Petroleum tanker drivers reject NUPENG strike notice

The Petroleum Tanker Drivers have urged members to disregard the strike notice issued by the Nigeria Union of Petroleum and Natural Gas Workers. NUPENG had earlier announced that workers would stop operations and begin seeking alternative jobs from September 8, citing alleged attempts by Dangote Refinery to bar its compressed natural gas tanker drivers from […]

Anthropic gives Claude AI power to end conversations
Tech

Anthropic to pay $1.5bn in copyright settlement

Artificial intelligence firm, Anthropic has agreed to a $1.5 billion settlement in a class-action lawsuit brought by authors who claim their works were used without permission to train the company’s chatbot. If a judge approves the landmark deal as early as Monday, it could signal a major shift in legal disputes between AI firms and […]

Australia fines Google $36m over anticompetitive search engine deals
Tech

EU hits Google with €2.95b antitrust fine over adtech practices

Google was fined €2.95 billion ($3.45 billion) by European Union regulators on Friday for allegedly anti-competitive practices in its advertising technology business. The European Commission accused the company of favoring its own display ad services over competitors, harming advertisers and online publishers. It ordered Google to end these self-preferencing practices and address conflicts of interest […]

PETROAN dismisses fuel scarcity fears amid naira-for-crude controversy
featured News

Fuel scarcity looms as NUPENG, Dangote refinery clash

The Nigeria Union of Petroleum and Natural Gas Workers has warned of an imminent fuel supply crisis across the country, as its dispute with the Dangote Refinery lingers. NUPENG in a statement jointly signed by Williams Akporeha and Afolabi Olawale, President and General Secretary of NUPENG and issued to journalists in Abuja on Friday, accused […]