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

Amazon cuts jobs in books division amid broader efficiency push
Uncategorized

Amazon adds OpenAI’s open-weight models to AI platforms

Amazon Web Services has announced the addition of OpenAI’s open-weight foundation models to its AI platforms, marking the first time the models will be available on Amazon Bedrock and Amazon SageMaker. The move gives AWS customers access to OpenAI’s recently released gpt-oss-120b and gpt-oss-20b models, enabling them to build and scale generative AI applications using […]

How banks sent 'charming' ladies to lure my interest — Otedola
News

How banks sent ‘charming’ ladies to lure my interest — Otedola

Billionaire businessman Femi Otedola has revealed how, at the height of his financial success, Nigerian banks aggressively competed for his attention — even deploying attractive women as part of their tactics to win his deposits and loan requests. In excerpts from his forthcoming memoir, Making It Big: Lessons from a Life in Business (out August […]

WhatsApp rolls out voice note transcription feature in India
Tech

WhatsApp unveils new safety features, bans 6.8m scam accounts

WhatsApp on Tuesday announced a set of safety features designed to help users spot and avoid scams across both group and individual chats, saying it has banned more than 6.8 million accounts tied to criminal scam centres that target people worldwide. The Meta-owned messaging service said the new features are intended to give users more […]

Aviation

Stakeholders urge EU’s swift action on sustainable aviation fuel rollout

European aviation and fuel industry stakeholders have issued an urgent appeal for stronger policy support to accelerate the development and deployment of sustainable aviation fuel across the EU. In a joint statement, associations representing airlines, airports, cargo operators, and fuel suppliers warned that the SAF market remains in its infancy. Currently, hydroprocessed esters and fatty […]

Palmpay enhances contactless payments
Business

PalmPay partners FG on digital literacy for youths

PalmPay has partnered with the Federal Ministry of Youth Development to roll out the Youth Data Protection Awareness and Training Programme. This comes as the fintech firm sets its sights on digitally equipping over 1,000,000 Nigerian youths over the next three years. The training programme, officially launched last week at the Shehu Musa Yar’Adua Centre […]

Business

Veritas Kapital Assurance appoints Babatunde Irukera as board chairman

Veritas Kapital Assurance Plc has appointed Mr. Babatunde Irukera as Chairman of its Board of Directors, following a unanimous resolution at the company’s 196th Board meeting held on July 31, 2025. The appointment, which underscores the firm’s commitment to strengthening corporate governance and accelerating sustainable growth, comes just three months after Irukera joined the board […]

Amazon restructures Wondery Podcast Studio, cuts 110 jobs
News

Amazon restructures Wondery Podcast Studio, cuts 110 jobs

Amazon is overhauling its Wondery podcast division, shifting its award-winning narrative shows like Business Wars to Audible and consolidating creator-led programs into a new internal unit, according to an internal memo seen by Reuters. The restructuring will result in approximately 110 job cuts, though many affected staff will be reassigned to other roles within Amazon, […]

Transcorp top gainers chart as NGX closes at 78,020.54 points
featured

Nigerian stocks surge as all-share index gains 2,808 points

Nigeria’s equities market kicked off the week on a bullish note, with the All-Share Index gaining 2,808.71 points on Monday, August 4, to close at 144,071.76 — a 1.99% increase from Friday’s close of 141,263.05. Despite a decline in trading volume to 811 million shares, down from 1.08 billion in the previous session, market sentiment […]

Business

FG seeks return of foreign contractors to boost oil sector

The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has appealed to Equipment, Procurement, and Construction companies that exited Nigeria’s oil and gas sector to return. Speaking on Monday at the 2025 Nigeria Annual International Conference and Exhibition hosted by the Society of Petroleum Engineers, Nigerian Council, Lokpobiri said the administration of President Bola Tinubu has […]

Business

FG gazettes 21 new regulations to boost oil, gas sector

The Federal Government has officially gazetted 21 new regulations for Nigeria’s upstream oil and gas sector, aiming to boost investment, enhance operational efficiency, and align industry standards with national and global goals. Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, announced this during his goodwill address at the 48th Society of […]

FAAC funds to FG, states hit 7-year high in 2023
News

FAAC demands recovery of N101.17bn misremitted by Customs

A financial audit by OOM Professional Services has uncovered discrepancies amounting to approximately N101.17 billion in revenue remittances by the Nigeria Customs Service, prompting the Federation Account Allocation Committee to call for a full recovery and redistribution of the funds to the rightful recipients. A document from the FAAC Post Mortem Sub-Committee, obtained on Monday […]

featured

FG won’t react hastily to US tariffs – Minister

Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has stated that the country will not adopt a reactionary stance in response to global trade challenges, including the newly introduced 15% tariffs by the United States. Oduwole said during an interview on Arise News on Monday. She emphasized that the Tinubu administration is committed […]

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