Business

Lagos insists on valid planning permits for all

  • 16th May 2025
UK economy hits unexpected growth

Reforms position Nigeria as emerging investment hub –

  • 15th May 2025
Ogun cargo airport to employ 25000 youths on completion - Dapo Abiodun

Mamuda Beverages invests $50m in new industrial facility

  • 14th May 2025

Nigeria ships first Obodo crude blend, says NUPRC

  • 14th May 2025

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Singapore’s Changi Airport ranks world’s best for food lovers

Travel

Colombia tops global bird count, breaks tourism records

Business
Trump brushes off Musk’s criticism of $500bn AI project

Trump touts coal as key to powering US AI

Tech
N130bn Sukuk listed on NGX, FMDQ - DMO

DMO raises N4.28bn from FGN savings bonds in May

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Blog

Apple to evade EU fine with changes to browser options
Tech

Apple fined €150m by French regulator over app tracking transparency

French Competition Authority fined Apple €150 million ($162 million) for its App Tracking Transparency feature, citing anti-competitive behavior. While ATT requires apps to seek user consent before tracking, regulators found that Apple applied stricter rules to third-party apps than to its own services, giving it an unfair advantage in digital advertising. A ruling found that […]

AI will be smarter by humans next year – Elon Musk
Tech

Advisory role in Trump govt costing me a lot – Elon Musk

Elon Musk acknowledged that his role in advising President Donald Trump on efforts to streamline the government was taking a toll on his primary responsibilities as Tesla Inc.’s CEO, stating that it was “costing me a lot.” Musk’s recent political involvement in the U.S. and abroad has put pressure on Tesla both domestically and internationally. […]

Tech

Nokia, Amazon settle patent dispute over video technologies

Finland’s telecom giant, Nokia announced a settlement with Amazon regarding alleged patent infringements related to video technologies used in Amazon’s streaming services and devices on Monday. The agreement settles all ongoing litigation between Nokia and Amazon, though the terms remain confidential, according to AFP. Nokia first sued Amazon in October 2023, alleging patent violations in […]

Crypto Market sheds $130bn amid Trump tariff
News

Crypto Market sheds $130bn amid Trump tariff

The global cryptocurrency market experienced a sharp downturn last week, losing over $130 billion in market capitalization as investors reacted to the imminent implementation of President Donald Trump’s new tariffs. Dubbed “Liberation Day,” the tariffs—set to take effect this week—will target a broad range of imported goods, intensifying market volatility and investor uncertainty. As of […]

Mali, Burkina Faso, Niger impose 0.5% levy on ECOWAS imports
News

Mali, Burkina Faso, Niger impose 0.5% levy on ECOWAS imports

Mali, Burkina Faso, and Niger have implemented a 0.5% levy on imported goods from Economic Community of West African States member nations, including Nigeria. Effective immediately, the levy is intended to finance their newly formed three-state union following their collective withdrawal from ECOWAS. The three West African nations, all governed by military juntas that seized […]

News

Reps recovers additional $14.2m from oil, gas firms

The House of Representatives Public Accounts Committee has recovered an additional $14.2 million (₦21.4 billion) from four oil and gas companies as part of its ongoing investigation into financial discrepancies in the sector. This follows an earlier announcement on March 16, 2025, when the committee recovered $19.24 million (₦28.7 billion) from two companies—Chorus Energy Limited […]

Maritime

Onne port terminal operator plans tariff adjustment

The West Africa Container Terminal in Onne, Rivers State, has announced plans to adjust its terminal handling charges and storage fees, effective April 1, 2025. In a notice in Sunday, the terminal stated it has obtained the necessary approvals from relevant agencies for these adjustments. While the specific details of the tariff changes have not […]

Transcorp top gainers chart as NGX closes at 78,020.54 points
Business featured

NGX rebounds as 2024 dividend declarations spur ₦437bn growth

Dividend announcements for the 2024 financial year by corporate Organisations reversed the downward trend on the Nigerian Exchange, generating a ₦437 billion gain for investors. By the end of the week, the NGX All-Share Index rose by 0.66% to 105,660.64, while market capitalization reached ₦66.26 trillion. Also, all other indices closed higher, except the NGX […]

NDIC chases Heritage Bank debtors
Banking

NDIC to pay first tranche of Heritage Bank liquidation dividends

The Nigeria Deposit Insurance Corporation has announced that the first tranche of liquidation dividends for uninsured depositors of the defunct Heritage Bank will be paid in April 2025. This was disclosed in a press statement issued on Sunday by the Acting Head of Communication & Public Affairs, NDIC, Hawwau Gambo. According to the statement, the […]

Business

Revenue agencies owe FG N9.3tn unremitted funds – FG

The Nigeria Extractive Industries Transparency Initiative has disclosed that revenue-generating agencies owe the government N9.3 trillion in unremitted liabilities. According to NEITI’s 2023 industry report, this amount could cover approximately 72% of the Federal Government’s projected N13 trillion budget deficit for 2025. NEITI Executive Secretary, Orji Ogbonnaya Orji, disclosed this during a briefing on the […]

Eni gets approval to sell Nigerian Agip Oil to Oando
News

US cancels Italy’s Eni permit for Venezuelan gas production

Italy’s Eni confirmed on Sunday that United States authorities had informed the company it would no longer be permitted to receive oil from Venezuela’s state-run PDVSA as repayment for gas production. Reuters reported on Saturday that the U.S. government had notified PDVSA’s foreign partners, including Eni, of its decision to revoke authorizations allowing them to […]

TikTok removes more Universal Music songs as conflict worsens
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TikTok Shop hits 47m shoppers, redefining online retail

TikTok Shop has rapidly gained traction despite entering the market late. Launched in the United States in 2023, it has attracted 47 million shoppers who collectively spend $32 million daily, according to Capital One Shopping. The platform combines Temu’s low prices with the social shopping experience of Instagram and Facebook, making it a formidable player […]

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