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

Contact Info

Some Populer Post

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

featured Finance

US revokes 175,000 visas over crime, security violations under

featured Travel

Finance ministry demands legal basis for N680m NAICOM charges

Business

Twin brothers join NNPC, defy myth of one hire

News

Blog

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

UAC inks deal to acquire CHI Limited from Coca-Cola

UAC of Nigeria PLC has signed an agreement to acquire CHI Limited, the producer of Chivita and Hollandia brands, from The Coca-Cola Company. According to a statement filed with the Nigerian Exchange Limited on Wednesday, the deal is still awaiting regulatory approval. CHI Limited is a major player in Nigeria’s food and beverage sector, known […]

Nigeria excluded as Trump hosts African leaders in Washington
Business

Trump hits India with 25% tariff over trade, Russian ties

United States President, Donald Trump, announced Wednesday that India will face a 25% tariff starting August 1, along with an additional “penalty” in response to what he described as unfair trade practices and India’s continued purchases of military equipment and energy from Russia. The 25% rate marks a slight reduction from the 26% tariff he […]

TikTok removes more Universal Music songs as conflict worsens
Tech

TikTok unveils safety suite amid regulatory scrutiny

TikTok has rolled out a new suite of features aimed at bolstering user safety and supporting content creators, as part of its ongoing strategy to strengthen platform governance and retain trust amid increasing scrutiny from regulators and parents alike. In a statement released Wednesday, the short-form video platform—owned by China’s ByteDance—announced expanded parental controls through […]

Business

Lagos to enforce E-Call Up on Lekki-Epe corridor August 1

The Lagos State Government has announced that it will begin enforcing the E-call-up system for trucks operating along the Lekki-Epe corridor starting Friday, August 1, 2025. This follows months of strategic planning, stakeholder consultations, and public awareness campaigns. In a statement posted on its official website, the government disclosed that the Ministry of Transportation has […]

Uncategorized

FG lays 5,000km fibre cable across 28 states – Galaxy Blackbone

The Managing Director of Galaxy Backbone, Professor Ibrahim Adeyanju, has announced that the federal government has deployed over 5,000 kilometers of fibre optic cable across 28 states as part of the National Information Communication Technology Infrastructure Backbone project. He made this disclosure on Tuesday while delivering the keynote address at the 15th ICTEL Expo 2025 […]

Tech

Google to sign EU’s voluntary AI code despite concerns

Alphabet’s Google will sign the European Union’s voluntary code of practice designed to help companies align with the bloc’s landmark Artificial Intelligence Act. This was disclosed by company’s global affairs president in a blog post on Wednesday—though he noted some reservations. The code, developed by 13 independent experts, aims to offer legal clarity to signatories […]

Tech

Meta probed for ‘forcing’ AI chatbot on Italian WhatsApp users

Italy’s antitrust authority announced on Wednesday that it has opened an investigation into Meta Platforms over allegations of abusing its market dominance by integrating its artificial intelligence assistant into WhatsApp. The regulator said Meta may have breached European Union competition laws by deploying the Meta AI tool on WhatsApp without obtaining user consent—a move that […]

Electricity

States accuse FG of undermining electricity reforms

State governments have accused the Federal Government of attempting to roll back the progress made in decentralising Nigeria’s power sector, warning that proposed amendments to the Electricity Act threaten their newly gained autonomy and could derail ongoing reforms. This concern was openly expressed on Tuesday during a high-level meeting between the Minister of Power, Adebayo […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
Business

FG launches $538m agro-industrial scheme to boost agriculture

Nigeria has committed $538.05 million to the first phase of its Special Agro-Industrial Processing Zones programme and launched a youth-focused 10-year Strategic Action Plan (2026–2035) to drive agricultural transformation, Vice President Kashim Shettima has announced. In a statement released Tuesday by his spokesperson, Stanley Nkwocha, Shettima made the announcement during a high-level dialogue with African […]

News

US slams Nigeria governors over lavish spending amid worsening poverty

The United States has condemned the extravagant spending habits of some Nigerian state governors, citing concerns over growing economic hardship across the country. The criticism follows reports that several governors are allocating billions of naira to luxury projects and new government buildings, even as poverty deepens and essential public services decline. In a statement shared […]

News

Orange Money partners JUMO to offer microloans across Africa

The financial services arm of French telecom giant Orange S.A., Orange Money, is partnering with South African fintech firm JUMO to offer mobile-based microloans in Africa. The initiative will launch in Burkina Faso, Mali, and Botswana, allowing users to request and receive credit directly through their Orange Money wallets—eliminating the need for traditional bank visits […]

Business

Customs warns Nigerians against misuse of US visas

The Nigeria Customs Service has issued a warning following concerns raised by the United States Government over the misuse of U.S. entry visas by some Nigerian travelers. In a statement released on Tuesday, the National Public Relations Officer of the service, Abdullahi Maiwada, cautioned that engaging in activities that violate the terms or purpose of […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in