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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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Dangote Refinery alone not enough for Africa, says FG

Oil and Gas

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South Africa’s unemployment rate hits four-year high of 33.6%

Economy

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EU rules out fee for tech giants under digital markets act
Tech

EU issues final draft of voluntary AI compliance code

The European Commission on Thursday released the final draft of a voluntary code of practice aimed at helping companies comply with the European Union’s forthcoming Artificial Intelligence Act. The code, which takes effect on August 2 but will not be enforced until 2026, outlines key principles around transparency, copyright, safety, and security, according to Reuters. […]

Kenyan logistics startup Leta expands into Ghana
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Kenyan logistics startup Leta expands into Ghana

Kenyan software startup Leta has announced its expansion into Ghana, marking its seventh market across Africa. The move comes just months after it secured a $5 million seed funding round in March, a rare feat amid a sharp decline in logistics tech funding across the continent. Founded in 2021 by Nick Joshi, Leta develops AI-powered […]

Business

BRICS alliance to unlocks opportunities for Nigerian innovators — NBTI DG

Nigeria’s recent entry into the BRICS alliance is creating new global pathways for local innovators, according to the Director-General of the National Board for Technology Incubation, Kazeem Raji. Speaking on Wednesday at the National Showcase: NextGen Innovation Challenge 2025 in Abuja, Raji said the country’s engagement with BRICS — a bloc representing Brazil, Russia, India, […]

Business

FG urges US to reconsider ‘unfair’ visa restrictions on Nigerians

The federal government has condemned the United States’ recent decision to tighten visa restrictions on Nigerian citizens, labeling it “unfair and disproportionate.” In a statement on Wednesday, Ministry of Foreign Affairs spokesperson Kimiebi Ebienfa said the government was observing the development with “concern and keen interest,” particularly given the historically friendly relations between the two […]

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Petrol imports slump to all-time low in June – Report 

Nigeria’s petrol imports plunged to a record low in June as the Dangote Petroleum Refinery ramped up output, signaling a potential shift in the country’s long-standing dependence on imported fuel. According to a new report from Argus, citing Kpler shipping data, increased gasoline production from the 650,000 barrels-per-day Dangote facility sharply curtailed demand from traditional […]

FG begins compensation for demolished properties along Lagos-Calabar coastal highway
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Nigeria secures $747m loan for Lagos-Calabar coastal project

Nigeria has obtained a $747 million syndicated loan to support the construction of Phase 1, Section 1 of the Lagos-Calabar Coastal Highway. In a statement on Wednesday, the Director of Information and Public Relations at the Ministry of Finance, Mohammed Manga, said the loan will finance the 47.47-kilometre segment between Victoria Island and Eleko Village […]

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Nigeria to deport foreign cybercriminals after jail term – EFCC boss

The Executive Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has stated that foreign cybercriminals convicted in Nigeria will be deported after serving their prison terms. Speaking at the opening of a two-day National Cybersecurity Conference in Abuja on Wednesday, Olukoyede warned of the rising threat cybercrime poses to Nigeria’s digital economy. He […]

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Host community trusts get ₦97bn, $149m from settlors – NUPRC

The Nigerian Upstream Petroleum Regulatory Commission has revealed that approximately 102 Host Community Development Trusts have received a total of ₦97 billion and $149 million in remittances from settlors. This was disclosed by the Commission’s Senior Manager for Health, Safety, Environment, and Community, Mrs. Chidinma Nwabueze, during a media workshop held on Wednesday in Abuja. […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Dangote refinery to build major fuel storage hub in Namibia

The Dangote Petroleum Refinery is set to establish large-scale fuel storage facilities in Namibia, marking a major step in its strategy to expand refined product distribution across Southern Africa, according to sources familiar with the matter. Two industry sources told Reuters on Wednesday that the planned storage hub in Walvis Bay will have a minimum […]

Business

Nigeria’s oil rig count surges after $bn investment

Nigeria’s upstream oil sector has received a significant lift, as crude oil producers invested $8 billion in rig infrastructure over the past three years, according to the Nigerian Upstream Petroleum Regulatory Commission. The investment, made between 2022 and 2025, has driven a surge in drilling operations, with 236 wellbores drilled to total depth and the […]

How FG can boost Nigeria's digital growth - Analyst
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How FG can boost Nigeria’s digital growth – Analyst

The Federal Government has been called upon to harmonise right-of-way charges across Nigeria and incentivise local manufacturing of telecom equipment as part of urgent reforms to prepare the country for the demands of a digital economy. In a memo shared with The PUNCH, telecoms analyst Osita Odafi warned that while Nigeria has made significant gains […]

Emirates airline to enable crypto payments for flights
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Emirates airline to enable crypto payments for flights

Emirates airline has signed a preliminary agreement with Crypto.com to enable customers to make payments using cryptocurrencies, the carrier’s parent company announced on Wednesday. The deal marks a significant step toward embracing digital currencies in the aviation sector and is expected to take effect in 2025. The partnership will allow Emirates’ customers to use Crypto.com […]

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