Business

Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

NGX listed firms earned ₦179.5bn finance income in

  • 10th August 2026

Nigeria’s monthly data consumption hits record 1.5mTB in

  • 10th August 2026

NITDA urges regulatory collaboration to support emerging technologies

  • 10th August 2026

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Finance ministry demands legal basis for N680m NAICOM charges

Business

Twin brothers join NNPC, defy myth of one hire

News

NERC dissolves Kaduna DisCo board over ₦456.5bn debt

Electricity

Lagos, FCT, Rivers owe 43% of states’ debt —

Finance

Blog

Business

FG approves N13bn for Lagos transmission industrial project

The Federal Executive Council has approved N13 billion for compensation under the Lagos Transmission Industrial Project, as part of efforts to modernize Nigeria’s power infrastructure and boost electricity supply for industrial development. Minister of Power Adebayo Adelabu announced this on Wednesday following the FEC meeting chaired by President Bola Tinubu in Abuja. He noted that […]

Business

Cyberattack disrupts Nigeria Customs ICT, halts cargo clearance nationwide

A cyberattack on the Nigeria Customs Service’s Information and Communication Technology platform has severely disrupted cargo clearance at ports nationwide. Licensed customs agents say they are already incurring heavy demurrage charges on their consignments due to the disruption. Confirming the incident, NCS spokesman and Assistant Comptroller of Customs, Mr. Maiwada Abdullahi, said that the cyberattack […]

Meta’s Threads closes in on X with 400m monthly users
News

Meta’s Threads closes in on X with 400m monthly users

Meta’s text-based social platform Threads has surpassed 400 million monthly active users, just two years after its launch as a rival to Twitter, now rebranded as X. Instagram head Adam Mosseri announced the milestone on Tuesday, noting that the figure was reached “as of a few weeks ago,” representing an increase of 50 million monthly […]

Nigeria may lose N1.7trn as PENGASSAN mulls 30 days shutdown
featured

PENGASSAN halts operations at OML-18 in Rivers

Operations at Oil Mining Lease (OML-18) in Rivers State have been suspended due to industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria. The OML-18 facility, situated along the Cawthorne Channel between Degema and Akuku Toru Local Government Areas, was closed as the union confronted NNPC Eighteen Operating Limited, a subsidiary […]

Access Bank nears final stages of National Bank of Kenya acquisition
Banking

Access Bank reaffirms commitment to Africa-Caribbean trade

Access Bank Plc has renewed its commitment to strengthening trade ties between Africa and the Caribbean. In a statement on Tuesday, the bank said its active participation in the AfriCaribbean Trade and Investment Forum 2025, held in Grenada, demonstrated this resolve. The event brought together high-profile leaders and stakeholders from both regions, including former President […]

Oil and Gas

Fix port Harcourt refinery or resign, IPMAN tells Ojulari

The Independent Petroleum Marketers Association of Nigeria has called on the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, to urgently repair the Port Harcourt Refinery or step down from his position. In a statement signed by the association’s Eastern Zonal Secretary, Comrade, Emmanuel Inimgba, IPMAN decried the prolonged shutdown […]

NAICOM reveals over 1,500 complaints against Nigerian insurers
Insurance

FG raises insurance firms’ capital requirements by 500%

The Federal Government raised minimum capital requirements for insurance firms by 500 per cent, giving operators one year to meet the new thresholds or risk losing their licenses. The National Insurance Commission announced the directive as part of wide-ranging reforms in the newly enacted Insurance Industry Reform Act, signed by President Bola Ahmed Tinubu earlier […]

NCAA issues warning after unruly Ibom Air passenger 'attacked' crew
featured

Ibom Air Passenger regains freedom, court dismisses case

An Ikeja Magistrates’ Court on Wednesday cleared Ms. Comfort Emmason of charges of unruly conduct and assaulting the crew of an Ibom Air flight from Uyo to Lagos. Magistrate Olanrewaju Salami struck out the five-count charge after police prosecutors confirmed that Ibom Air had withdrawn the case. She confirmed her release in an Instagram post […]

Anthropic expands Claude AI model to handle longer prompts
News

Anthropic expands Claude AI model to handle longer prompts

Anthropic has quintupled the prompt capacity of its Claude Sonnet 4 AI model for enterprise API customers, allowing users to send up to 1 million tokens in a single request, equivalent to roughly 750,000 words, 75,000 lines of code, or five times its previous limit of 200,000 tokens. The move surpasses OpenAI’s GPT-5, which offers […]

Transportation

$60bn Chinese-funded bullet train gets FG approval

The Infrastructure Concession Regulatory Commission has cleared the Outline Business Case for Nigeria’s first bullet train, a $60 billion high-speed rail project to be financed by China Liancai Petroleum Investment Holdings. The approval was announced after a meeting in Abuja on Tuesday, attended by top government officials including Secretary to the Government of the Federation […]

News

Nigeria’s fuel consumption drops to 1.44bn litres in June – NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority says fuel consumption fell in June 2025, with total fuel evacuation dropping to 1.44 billion litres. Director of Public Affairs, George Ene-Ita, confirmed in a statement on Wednesday that daily consumption averaged 48 million litres, revising earlier reports that had placed it at 38.94 million litres, according […]

Glo faces NCC sanction over two-year vacant CEO role
News

Glo faces NCC sanction over two-year vacant CEO role

The Nigerian Communications Commission has given Globacom 24 months to appoint a chief executive officer separate from its board chairman or risk regulatory sanctions. The directive is part of new corporate governance rules, announced August 7, aimed at boosting accountability, transparency, and operational independence in the telecom sector. Under the guidelines, licensed operators must have […]

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