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Finance ministry demands legal basis for N680m NAICOM

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Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
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Bitcoin surges past $120K amid rising ETF demand

Bitcoin extended its bullish run on Monday, breaching the $120,000 threshold for the first time, driven by renewed investor interest in cryptocurrency-linked exchange-traded funds. According to Coin Metrics, the price of the world’s largest cryptocurrency by market capitalization climbed to $122,600 at 1:27 p.m. Singapore time. The surge follows a wave of capital inflows into […]

Business

Louis Vuitton confirms cyberattack targeting UK customer data

Luxury fashion brand Louis Vuitton has confirmed that a cyberattack has compromised the personal data of some of its United Kingdom customers, marking the latest in a string of cybersecurity incidents targeting global retailers. The company, a flagship label under French luxury conglomerate LVMH, disclosed on Friday that an unauthorised third party gained access to […]

News

MultiChoice enters gaming market amid struggles to retain viewers

South African pay-TV giant MultiChoice has launched its first mobile game, Shaka iLembe: Match Challenge, in a surprising pivot into gaming aimed at reviving user engagement and loyalty. The new title is based on the company’s popular South African TV series Shaka iLembe, and is now available through the MyDStv app in South Africa. The […]

MTN Nigeria profits surges ahead of Q1 results amid profitability hopes
Business

MTN deploys AI to boost network efficiency in Nigeria

MTN Group has commenced the large-scale deployment of artificial intelligence technologies to optimise network traffic and enhance service delivery in Nigeria, as part of its continent-wide digital transformation strategy. The initiative falls under the telecoms giant’s “MTN Genova” programme, which seeks to embed responsible AI into core operations across its African markets. In a statement […]

NNPCL reports N2.69trn in tax expenses for 2023
Business

NNPCL yet to account for N210tn flagged in audit – senate

The Nigerian Senate has raised concerns that the Nigerian National Petroleum Company Limited has yet to provide a full account of N210 trillion cited in the 2017–2023 audit report by the Office of the Auditor-General for the Federation. The Chairman of the Senate Committee on Public Accounts, Senator Aliyu Wadada, made the disclosure on Thursday […]

News

Experts urge Nigerian banks to uphold trust in AI deployment

Financial experts have urged Nigerian banks to prioritise trust and integrity as they integrate Artificial Intelligence into their operations, warning that the long-term credibility of the financial system depends on responsible deployment of the technology. This caution was issued at the 4th Stakeholders’ Conference of the Association of Corporate Affairs Managers of Banks, held Thursday […]

N130bn Sukuk listed on NGX, FMDQ - DMO
Business

DMO denies N611.71b bond servicing claim

The Debt Management Office has refuted reports claiming that the Federal Government spent N611.71 billion to service a domestic U.S. Dollar-denominated bond in March 2025. In a statement issued on Thursday, the DMO clarified that only N67.99 billion was actually used for debt servicing during the period, dismissing the widely circulated figure as “completely incorrect.” […]

Crypto

Bitcoin hits new all-time high of $118,000

Bitcoin extended its rally on Friday, climbing to fresh all-time highs following a surge in investor demand for cryptocurrency exchange-traded funds. The digital asset rose as much as 4% to $118,396.01, after briefly touching $118,872.85 overnight, according to data from Coin Metrics. Ether, the second-largest cryptocurrency, also rallied, gaining nearly 7% to surpass the $3,000 […]

News

Equity group expands anti-fraud crackdown to Uganda

Equity Group, Kenya’s second-largest bank by assets, has extended its sweeping internal crackdown on staff misconduct to Uganda, deepening a regional push to strengthen ethics and accountability across its operations. This comes just two months after the lender made headlines for sacking over 1,500 employees in Kenya linked to fraudulent activities and suspicious transactions that […]

Business

NDPHC to restart Alaoji power plant in August 2025

SoThe Niger Delta Power Holding Company has announced plans to resume operations at the Alaoji Power Plant by August 2025, nearly two years after it went offline. The move is part of a broader strategy to revive dormant power generation assets and boost electricity supply to the national grid. Managing Director of NDPHC, Jennifer Adighije, […]

New SEC regulation to enhance transparency in bank recapitalization
Business

SEC orders probe, debt restatement at Ikeja Hotel

The Securities and Exchange Commission has issued a series of directives to Ikeja Hotel Plc and its investee companies following the conclusion of a forensic audit into the company’s operations and longstanding shareholder disputes. In a regulatory filing on the Nigerian Exchange Limited on Thursday, the company secretary, Olubunmi Tadema, disclosed that the SEC’s directives […]

Aliko Dangote, Africa’s most prominent industrialist, will officially step down as Chairman of Dangote Sugar Refinery Plc on June 16
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NNPC refineries may never work again, says Dangote

The President of Dangote Group, Aliko Dangote, has cast serious doubt on the prospect of Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna ever returning to full operation, despite years of rehabilitation efforts by the Nigerian National Petroleum Company Limited. Speaking in Lagos on Thursday during a visit by members of the Global CEO […]

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