Business

Crude oil prices rise as Iran rules out

  • 17th August 2026

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

FG resets profit-sharing terms to attract new deep

  • 17th August 2026

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Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

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EU gives Nigeria €1.5m to fight cholera outbreak

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Business

Court backs FCCPC probe of Air Peace airfare complaints

A Federal High Court has affirmed that the Federal Competition and Consumer Protection Commission has the statutory authority to investigate consumer complaints concerning Air Peace’s ticket pricing. The Commission made this disclosure in a statement issued on Friday following a judgment delivered by the Abuja Division of the Federal High Court. The court ruled that […]

Aviation

FAAN rejects claims of mandatory 2020-model airport taxi policy

The Federal Airports Authority of Nigeria on Friday denied social media claims that it had ordered airport taxi operators to replace their vehicles with 2020 model cars as a condition for continuing operations at the country’s airports. The agency’s clarification followed a viral video in which some airport taxi drivers appealed to President Bola Tinubu […]

Business

World Cup streaming giant faces scrutiny over gambling promotion

Brazil’s CazéTV, one of the world’s most-watched live YouTube channels, is facing regulatory scrutiny over its extensive promotion of sports betting to young audiences during FIFA World Cup broadcasts. The channel, which offers free live streaming of all 104 World Cup matches on YouTube, has attracted major corporate sponsors, broken audience records, and challenged traditional […]

Policy and Regulations

EU says Meta must end ‘addictive design’ or pay fine

Meta must change Facebook’s and Instagram’s “addictive design” or face a heavy fine, the European Union warned on Friday. Brussels accused the United States tech giant of failing to limit the risks the platforms posed to users, especially children and vulnerable adults, because of features designed to keep them on Facebook and Instagram. Of particular […]

Finance

Fubara presents ₦1.854trn budget to Rivers assembly

Rivers State Governor Siminalayi Fubara has presented a proposed budget of N1.854 trillion for the 2026 fiscal year to the Rivers State House of Assembly. He described the budget as a “Budget of Resilience for Growth and Development.” Presenting the Appropriation Bill before lawmakers on Friday, Governor Fubara said the budget was designed to consolidate […]

Technology

Meta’s new Muse Image AI sparks outrage over privacy, default settings

Meta’s latest AI image generator, Muse Image, is facing intense backlash from users and privacy advocates after it was revealed that public Instagram accounts are automatically opted into allowing others to generate AI images using their photos—without explicit permission or notification. On July 7, 2026, Meta launched Muse Image, its inaugural AI image model developed […]

Business

IEA forecasts first global oil demand decline since 2020

The International Energy Agency on Friday said global oil demand is expected to fall for the first time since 2020, as the Iran war disrupted production and exports across the Middle East. In its latest Oil Market Report, the agency projected that global oil demand will decline by 1 million barrels per day year-on-year in […]

Tech

Meta faces EU scrutiny over ‘Addictive’ Instagram, Facebook features

The European Union has concluded in a preliminary report that the “addictive” design features of Instagram and Facebook have placed Meta in breach of the bloc’s digital laws. The Commission said Meta failed to properly assess and mitigate the risks posed by features such as infinite scrolling, autoplay, push notifications, and highly personalised recommendation systems, […]

Business

Lagos partners Chinese consortium to expand potable water infrastructure

The Lagos State Government has entered into a partnership with a Chinese-led consortium to expand access to potable water by developing critical water infrastructure across the state. The collaboration follows the signing of a Memorandum of Understanding on Thursday, July 9, 2026, with China Harbour Engineering Company and Naston Engineering Nigeria Limited to begin the […]

Business

Convicted fraudster charged with theft of forfeited cryptocurrency

A convicted cryptocurrency fraudster, Rossen Iossifov, is facing fresh criminal charges over allegations that he orchestrated the unauthorized withdrawal and transfer of about $290,000 in cryptocurrency while serving a prison sentence. The 53-year-old has been charged with destruction or removal of property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering in […]

Electricity

Nigeria’s electricity transmission losses hit ₦2.61bn in Q1

Nigeria’s electricity transmission losses cost the power sector an estimated ₦2.61bn in the first quarter of 2026 after the Transmission Company of Nigeria failed to meet the transmission loss target set by the Nigerian Electricity Regulatory Commission. According to the commission’s first-quarter 2026 report, the Transmission Loss Factor exceeded the regulatory benchmark, indicating that a […]

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