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Lagos insists on valid planning permits for all

  • 16th May 2025
UK economy hits unexpected growth

Reforms position Nigeria as emerging investment hub –

  • 15th May 2025
Ogun cargo airport to employ 25000 youths on completion - Dapo Abiodun

Mamuda Beverages invests $50m in new industrial facility

  • 14th May 2025

Nigeria ships first Obodo crude blend, says NUPRC

  • 14th May 2025

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Lagos tops list of states with most external debt
Economy

Nigeria’s public debt rises to N144.67 in December 2024

Nigeria’s public debt surged by 48.58%, reaching N144.67 trillion ($94.23 billion) as of December 31, 2024, up from N97.34 trillion ($108.23 billion) at the close of 2023. This increase was disclosed in the latest report by the Debt Management Office on the country’s public debt profile. The report also showed a 1.65% quarter-on-quarter increase, from […]

Two arrested as Edo police bust illegal refinery
News

Navy seizes vessels, destroys illegal refineries in March operation

The Nigerian Navy announced the seizure of vessels involved in crude oil theft and the destruction of several illegal refining sites during Operation Delta Sanity II in March. The Director of Naval Information, Commodore, Aiwuyor Adams-Aliu, made this disclosure in Abuja on Saturday, according to the News Agency of Nigeria. He stated that on March […]

Business

Southeast Asia scrambles to prevent tariff pain by enticing Trump

Southeast Asian countries are choosing diplomacy over confrontation in response to President Donald Trump’s “reciprocal tariffs.” Rather than retaliate, they’re signaling a willingness to negotiate, aiming to protect their export-driven economies and maintain access to the critical U.S. market. Vietnam, Cambodia, and Indonesia have expressed a willingness to engage in negotiations, while Singapore, a major […]

TCN restores power to Sokoto – Official
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TCN reports 165MW power loss after towers collapse in Lagos

The Transmission Company of Nigeria has reported the collapse of three transmission towers after the Ikeja West-Osogbo 330kV line tripped during a windy rainfall, resulting in a load loss of 165 megawatts. According to a statement signed by TCN’s General Manager of Public Affairs, Ndidi Mbah, on Friday, the incident occurred on Wednesday, April 2, […]

News

NNPCL unveils new senior management team

The Nigerian National Petroleum Company Limited has announced the appointment of a new eight-man Senior Management Team to strengthen corporate governance and enhance operational efficiency This follows the recent appointment of Bayo Ojulari as the Group Chief Executive Officer of NNPCL. This was disclosed a statement signed by the Chief Corporate Communications Officer, NNPC Ltd, […]

Meta slammed by oversight board over content policy overhaul
News

Meta set to launch Llama 4 AI model this month — Report

Meta is preparing to release the latest version of its large language model, Llama 4, later this month, according to a report by The Information published on Friday. The release, however, may be delayed once more, sources familiar with the matter told the publication. The launch of Llama 4 has already been postponed at least […]

Spotify pays $10bn to music industry in 2024
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Spotify paid Nigerian, S’African artists $59m royalty in 2024

Audio streaming giant Spotify significantly increased its royalty payouts to artists from Nigeria and South Africa in 2024, distributing nearly $59 million as global demand for African music continues to soar. The figures, released by the company on Thursday, underscore the growing international appeal of artists from the continent’s two biggest music markets. According to […]

Walmart considers investment in TikTok amid renewed sale talks
Tech

Walmart considers investment in TikTok amid renewed sale talks

Retail giant Walmart Inc. is exploring the possibility of joining a consortium of investors to acquire the U.S. operations of the popular short video platform TikTok, according to a report by ABC News correspondent Selina Wang, who shared the update on social media platform X on Friday. This move marks a revival of Walmart’s interest […]

EU charges TikTok with breaching online content rules
News

Trump extends TikTok ban deadline by 75 days

President Donald Trump has extended by 75 days the deadline for Chinese tech giant ByteDance to sell the U.S. assets of its popular short video app, TikTok, to a non-Chinese buyer. The extension delays a potential ban that was originally set to take effect in January under a 2024 law targeting national security concerns. “The […]

Business

International Breweries records N111.8b loss amid forex woes

International Breweries Plc reported a pre-tax loss of ₦111.8 billion for the year ended 31 December 2024, representing a 14.96% increase from the ₦97.2 billion loss in 2023. This was driven by rising sales costs, expenses, and a significant net foreign exchange loss. The company experienced impressive revenue growth, rising from N139.9 billion to N260.5 […]

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