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Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

NGX listed firms earned ₦179.5bn finance income in

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Nigeria’s monthly data consumption hits record 1.5mTB in

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NITDA urges regulatory collaboration to support emerging technologies

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Finance ministry demands legal basis for N680m NAICOM charges

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Dangote faces market pressure as importers cut petrol prices

Petrol importers have slashed prices below the rates offered by the Dangote Petroleum Refinery, intensifying market competition. This development follows a recent appeal by Dangote Group President, Alhaji Aliko Dangote, urging the Federal Government to halt fuel importation. Investigations revealed that several filling stations are now retailing petrol for less than N860 per litre, compared […]

YouTube tests two-person premium subscription in select countries
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Australia bans YouTube accounts for under-16s over misinformation

Australia has introduced a new law banning individuals under the age of 16 from holding personal YouTube accounts, citing concerns over online safety, misinformation, and the influence of big tech platforms. Under the legislation, which was passed in November, social media companies are required to take “reasonable steps” to prevent access by underage users or […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
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Microsoft, OpenAI in advanced talks to extend AI partnership

Microsoft is reportedly in advanced negotiations with OpenAI to secure continued access to the startup’s cutting-edge artificial intelligence technology—even in the event that OpenAI achieves artificial general intelligence, Bloomberg News reported on Tuesday. According to the report, both companies are revisiting the terms of their existing partnership to address a key clause in their current […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
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FIRS halts tax exemption certificate issuance for all taxpayers

The Federal Inland Revenue Service has announced the suspension of tax exemption certificates for all categories of taxpayers, including pioneer status companies, non-governmental organisations, and businesses in free trade zones. In a public notice, the agency said the move is aimed at promoting transparency and ensuring compliance with current tax regulations. “The issuance of Tax […]

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Nigeria’s trade mission to US set for September

The Nigerian-American Chamber of Commerce has announced plans to lead a trade and investment mission to the United States from September 9 to 15. In a statement on Tuesday, the chamber said the mission, themed “Flavours Without Borders,” will take place in Miami, Florida. The statement was jointly signed by the Acting Director-General, Wofai and […]

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Revolut taps ex-Uber exec to lead African expansion

Digital banking giant Revolut has appointed former Uber general manager Amine Berrada to lead its entry into Morocco, marking a major step in the UK-based neobank’s broader push into the African continent. The move is part of ongoing efforts to secure full operating licences in both Morocco and South Africa. In Morocco, Revolut will enter […]

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Lagos partners Siemens on waste-to-energy projects

The Lagos State Government has unveiled plans to collaborate with Siemens Group to support waste-to-energy initiatives that will convert municipal waste into electricity. The announcement was made on Tuesday via a statement shared on the state government’s official X account. The partnership will be jointly overseen by the Ministry of the Environment and Water Resources […]

CAC to delete inactive companies in 90 days
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CAC to delist 100,000 inactive companies over non-compliance

The Corporate Affairs Commission has announced plans to delist 100,000 companies from its register due to prolonged inactivity and failure to comply with statutory requirements under the Companies and Allied Matters Act. In a public notice, the Commission said the affected entities were flagged for not conducting business, remaining inactive for over a decade, or […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
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Senate urges NDIC to prioritise early risk detection

The Senate Committee on Banking, Insurance, and Other Financial Institutions has urged the newly appointed leadership of the Nigeria Deposit Insurance Corporation to prioritise early risk detection to protect depositors’ funds in the banking sector. Speaking at the opening of the 2025 NDIC Retreat in Niger State on Monday, Committee Chairman Senator Mukhail Abiru emphasised […]

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Sun King secures $156m to expand solar access in Kenya

One of Africa’s largest off-grid solar companies, Sun King, has raised $156 million to deepen its footprint in Kenya’s energy sector. The funding will enable the company to deliver up to 1.4 million solar products and smartphones to homes and small businesses, many of which remain off-grid. The financing comes from a coalition of international […]

China’s rare earth magnet exports hit six-month high in July
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China launches AI alliances to counter US chip curbs

China’s artificial intelligence sector is ramping up efforts to reduce its reliance on foreign technology, launching two major industry alliances during the World Artificial Intelligence Conference in Shanghai, which concluded on Monday. The first, named the Model-Chip Ecosystem Innovation Alliance, brings together developers of large language models and AI chipmakers, including Huawei, Biren, Moore Threads, […]

Fidson announces N4.19bn profit, distributes 55kobo dividend
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Fidson to invest $50m in local, global pharma expansion

Fidson Healthcare Plc has announced plans to invest $50 million over the next three years, using a mix of equity and debt financing to boost its local operations and expand into international pharmaceutical markets. Outgoing CEO, Dr. Fidelis Ayebae, disclosed the strategy in an interview with Nairametrics, citing the evolving dynamics of Nigeria’s pharmaceutical industry. […]

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