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Business

IPMAN presses NNPCL to pay outstanding equalisation funds

The Independent Petroleum Marketers Association of Nigeria has urged the Nigerian National Petroleum Company Limited to settle outstanding petroleum equalisation funds owed to its members. IPMAN also called on NNPCL’s Group Chief Executive Officer, Bayo Ojulari, to clear pending loading tickets by supplying marketers with products they had already paid for. Speaking on Thursday, IPMAN’s […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Tech

Microsoft nears settlement in EU antitrust probe on Teams

Microsoft is poised to sidestep a major antitrust penalty in Europe after regulators signaled approval of its proposal to resolve concerns over the bundling of its Teams video-conferencing app with Office. According to people familiar with the matter, EU officials plan to accept Microsoft’s commitment to sell Teams separately from its Office suite, following a […]

Finance

FG spends N8.93trn on debt servicing in nine months

The federal government spent N8.93 trillion on debt servicing from January to September 2024. This represents 61 percent of the N14.55 trillion revenue generated in the period, according to the budget implementation report seen by BusinessDay. A breakdown of the amount showed that debt servicing gulped N2.26 trillion in the first quarter, N3.77 trillion in […]

Oil and Gas

FG denies removing CNG subsidy amid price hike

The Federal government through the Presidential Initiative on Compressed Natural Gas has refuted a report of subsidy removal and an increased price of Compressed Natural Gas. This follows a recent news story that suggested the price increased from N230 to N450 per standard cubic metre. The PiCNG in a statement issued to Journalists on Thursday […]

Conferences

Intra-African Trade Fair generates $120bn over three editions

The Intra-African Trade Fair, the continent’s premier trade and investment gathering, generated a cumulative $120 billion in trade and investment deals over its first three editions. This was disclosed by Olusegun Obasanjo, chairman of the IATF advisory council, during the opening day of the 2025 edition in Algiers, Algeria. The fair, which is organised by […]

No link between mobile phones and brain cancer - WHO
Helth

WHO urges Nigeria to increase health budget to 20%

The World Health Organisation has called on Nigeria to raise public health spending to at least 20 per cent of total health expenditure, as the country’s 2025 allocation of 5.18 per cent of the national budget remains below the 2001 Abuja Declaration, and the 2013 Abuja+12 Declaration, in which African leaders committed to allocate at […]

Helth

Public, private health funding still insufficient for Nigeria — Bagudu

The Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, has said that while the government has expanded its budgetary allocations to health and education under President Bola Tinubu’s Renewed Hope Agenda, the current combination of public and private funding remains far below the level required to deliver adequate services for over 220 million […]

News

PenCom unveils new framework for pension fund performance

The National Pension Commission has issued a directive introducing a standardized framework for calculating and reporting investment performance across pension portfolios. The circular, signed by A.M. Saleem, Head of the Surveillance Department, and addressed to all Licensed Pension Fund Operators, came into effect on July 1, 2025. It establishes a uniform methodology aimed at improving […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Banking

FirstBank’s digital banking channels suffers downtime

FirstBank has announced a temporary disruption on its major digital banking channels, preventing some customers from completing transactions. In a notice issued on Thursday, the bank said the downtime is affecting services on FirstMobile, FirstOnline, and its *894# USSD platforms. “Please be informed that we are currently experiencing some downtime affecting transactions to other banks […]

Huawei revenue drops 6% in 2022 first half
Tech

Huawei unveils Mate XTs, eyes stronger growth

Huawei on Thursday unveiled the second generation of its trifold smartphone as it seeks to consolidate its resurgence in China and cautiously expand abroad. The new device, the Huawei Mate XTs, is priced between 17,999 yuan ($2,520) and 21,999 yuan depending on storage options. Unlike conventional foldables with a single hinge, the Mate XTs features […]

Business

T2 inks multi-million-dollar agreement with Knot Solutions

T2, formerly known as 9mobile, has entered into a multi-million-dollar partnership with India’s Knot Solutions to upgrade its Business and Operations Support Systems. The agreement was unveiled by T2’s Chief Executive Officer, Obafemi Banigbe, during a signing ceremony at the GITEX Nigeria Tech Expo and Future Economy Conference in Lagos on Wednesday. Banigbe said the […]