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

US senator questions Intel CEO’s China ties over security concerns
News

US senator questions Intel CEO’s China ties over security concerns

United States Republican Senator Tom Cotton has raised national security concerns over Intel’s newly appointed CEO, Lip-Bu Tan, citing his past leadership at Cadence Design Systems and extensive investment ties to Chinese firms, including those allegedly linked to the Chinese military. In a letter sent Wednesday to Intel Board Chair Frank Yeary, Senator Cotton questioned […]

OpenAI mulls $500bn valuation in employee share sale talks
Uncategorized

OpenAI mulls $500bn valuation in employee share sale talks

OpenAI, the company behind ChatGPT, is in early-stage discussions for a potential stock sale that could value the artificial intelligence giant at around $500 billion, according to a source familiar with the matter. The proposed transaction, which would take place before a possible initial public offering, is aimed at allowing current and former employees to […]

Tesla partners Baidu to enhance self-driving system
Tech

Tesla unveils new full self-driving model

Elon Musk has revealed on Wednesday that Tesla is developing a new Full Self-Driving model with substantial video upgrades and a larger system. “Tesla is training a new FSD model with ~10X params and a big improvement to video compression loss. Probably ready for public release end of next month if testing goes well,” the […]

FDI drops $471m in five years - NBS
Business

Nigeria’s telecoms FDI drops 58% in Q1

Foreign direct investment into Nigeria’s telecommunications sector fell to $80.78 million in Q1 2025, marking a 58% year-on-year decline. This is according to the latest capital importation report by the National Bureau of Statistics. The sector had attracted $191.57 million in Q1 2024, making the current figure a significant drop despite an overall increase in […]

News

Nigeria, Africa must stop importing automobiles — Adesina

President of the African Development Bank Group, Dr. Akinwumi Adesina, has said that Nigeria and other African nations must end their reliance on imported automobiles. Speaking during a visit to Saglev, an electric vehicle assembly plant in Imota, Lagos, Adesina emphasized the need for governments to invest in critical infrastructure—particularly power—to support local entrepreneurs and […]

News

Tinubu signs Nigerian insurance reform act 2025 into law

President Bola Ahmed Tinubu has signed the Nigerian Insurance Industry Reform Act 2025 into law, marking the most comprehensive overhaul of Nigeria’s insurance regulatory framework in over two decades. The new law repeals the Insurance Act of 2003 and consolidates several outdated legislations into a modern, unified legal framework aimed at driving innovation, transparency, and […]

Aviation

NCAA suspends two ValueJet pilots over airport safety breach

The Nigeria Civil Aviation Authority has suspended two ValueJet pilots following a safety breach at the domestic terminal of Nnamdi Azikiwe International Airport in Abuja. In a statement on Tuesday, NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu, said the authority received reports of a serious violation of aviation safety protocols involving a […]

UAC posts N12.3bn pre-tax profit in 2023, highest since 2014
Business

UAC confirms full funding for CHI acquisition

UAC of Nigeria Plc has confirmed that its planned acquisition of CHI Limited—producers of Chivita and Hollandia beverages—is fully funded and expected to close within the next two to four months, pending regulatory approvals. Group Managing Director and CEO Fola Aiyesimoju disclosed this during a recent investor call, assuring stakeholders that the deal is backed […]

Ex-Filmhouse MD Moses Babatope launches new entertainment company
Business

Germany partners VFS Global to launch four new visa centres

Germany has expanded its visa processing network across Africa and the Middle East by opening four new Germany Visa Application Centres in partnership with VFS Global, a private visa outsourcing firm. The new centres include locations in Nigeria, Cameroon, and Cyprus. The expansion follows a renewed seven-year agreement between the German Federal Foreign Office and […]

Electricity

FOCPEN condemns sustained power cuts in Enugu, blames EEDC

The Forum of Commissioners of Power and Energy in Nigeria has strongly condemned what it described as deliberate and sustained power outages in Enugu State, allegedly orchestrated by the Enugu Electricity Distribution Company PLC through a reduction in electricity supply to the state. In a statement issued Tuesday, titled “Power Reduction to Enugu State: A […]

featured

Retailers oppose NMDPRA’s plan to regulate filling station shutdowns

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has introduced draft regulations on the safe decommissioning of filling stations, drawing pushback from downstream retail operators. The proposed rules—currently under review at the Stakeholders’ Consultation Forum on the 2025 Midstream and Downstream Petroleum Safety and Environmental Regulations—would require formal procedures for the abandonment and closure of […]

Business

FG expands housing development in North with over 6,000 units

The Federal Government is constructing 6,112 housing units across Northern Nigeria—including the Federal Capital Territory, Kano, Benue, and several other states—under the Renewed Hope Housing Programme. This was disclosed by the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, during a recent interactive session in Kaduna, according to a statement issued by the […]

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