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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Naira official rate holds at ₦1,368/$, parallel market hits

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Finance ministry demands legal basis for N680m NAICOM charges

Business

Twin brothers join NNPC, defy myth of one hire

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Trump Mobile launch stumbles as support calls diverts
News

Trump Mobile launch stumbles as support calls diverts

Trump Mobile, the newly launched mobile service branded by the Trump family, hit a snag on its debut day in June when calls to its customer support line were answered by Omega Auto Care, a Missouri-based auto warranty company. Omega is part of Ensurety Ventures, led by Pat O’Brien—one of the figures introduced at the […]

Microsoft surpasses $4trn valuation with AI, cloud boom
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Microsoft surpasses $4trn valuation with AI, cloud boom

Microsoft has soared past a $4 trillion market valuation, becoming the second publicly traded company after Nvidia to hit the milestone. The surge follows a stellar earnings report and a bold forecast of $30 billion in capital spending for the current fiscal quarter—its largest ever—as it races to meet rising demand for artificial intelligence. Shares […]

Business

Copper demand surges amid global grid upgrade boom

Copper demand is surging beyond industry expectations, fueled by massive global investments to upgrade and expand power grids in support of the digital and clean energy transitions—both of which require vast amounts of electricity. At the same time, output from key producers like Chile and the Democratic Republic of Congo remains limited due to underinvestment […]

OpenAI employees consider selling $6bn stock
Tech

OpenAI to launch first EU AI data centre in Norway

OpenAI announced on Thursday that it is launching a Stargate-branded AI data centre in Norway—its first such project in Europe. The facility will be developed through a 50-50 joint venture between British company Nscale, and Norwegian energy infrastructure firm, Aker. OpenAI will act as an “off-taker,” purchasing computing capacity from the data centre. The site […]

Aviation

IATA projects 4.1% annual growth for African aviation sector

The International Air Transport Association has projected that Africa’s aviation sector will grow at an average annual rate of 4.1 per cent over the next 20 years, with the market expected to double in size by 2044. The forecast was revealed by Somas Appavou, IATA’s Regional Director for External Affairs in Africa, in a press […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Business

Nigerians to become shareholders in $20bn refinery – Dangote

President of the Dangote Group, Alhaji Aliko Dangote, says Nigerians will soon have the opportunity to become shareholders in his $20 billion refinery located in Lekki, Lagos State. Speaking at the Global Commodity Insights Conference on West African Refined Fuel Markets — organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in collaboration with […]

Banking

AfDB commits $1.2m grant to support Nigeria’s power sector

The African Development Bank has committed $1.2 million in grants to fund a feasibility study on Battery Energy Storage Systems in Nigeria. According to the Bank, the project will explore how BESS can be integrated into Nigeria’s power grid, identify viable business and regulatory models to attract private investment, and develop the institutional capacity necessary […]

Why naira-dollar can't be stable - Minister
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Northern states’ debt dropped 42% under Tinubu — Minister

Minister of Budget and Economic Planning, Abubakar Bagudu, says Northern Nigeria’s fiscal outlook has significantly improved under President Bola Tinubu, with domestic debt in the region dropping by 42.06% due to recent economic reforms. Bagudu made the remarks in a statement released by the ministry on Wednesday, following his presentation at a two-day forum hosted […]

Aviation

UK air travel restored amid major glitch at control centre

Flights have resumed in the United Kingdom following major disruption caused by an air traffic control issue. The National Air Traffic Service said the fault occurred at 4:05 p.m. at its Swanwick control centre and was resolved within 20 minutes., according to Sky News. The agency has apologised for the incident. “This was a radar-related […]

Business

NNPCL drills four oil wells in Bauchi’s Kolmani field

The Nigerian National Petroleum Company Limited has drilled four oil wells in the Kolmani area of Bauchi State, reinforcing its push to expand oil and gas exploration in northern Nigeria. This development represents a key milestone in unlocking the region’s hydrocarbon resources and aligns with broader national objectives to strengthen energy security and infrastructure. NNPCL […]

News

NIMC directs public to resolve NIN-SIM issues with Telcos

The National Identity Management Commission has instructed the public to address all NIN-SIM linkage and verification issues through their respective mobile network providers. The directive follows the successful migration of all telecommunications operators in Nigeria to NIMC’s upgraded identity verification platform, NINAuth. In a statement signed by its Head of Corporate Communications, Dr. Kayode Adegoke, […]

Oil and Gas

NNPCL rules out sale of P’Harcourt refinery

The Nigerian National Petroleum Company Limited has ruled out selling the Port Harcourt Refining Company, reaffirming its commitment to completing the plant’s rehabilitation and retaining ownership. Group Chief Executive Officer, Bashir Ojulari, made the disclosure during a town hall meeting on Tuesday at the NNPCL Towers in Abuja. Ojulari clarified that the decision is not […]

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