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Business

Swatch Royal Pop launch sparks chaos, store closures amid massive crowds

Swiss watchmaker Swatch UHR.S was forced to close some stores and limit queues after the launch of its Royal Pop pocket watch, created in collaboration with Audemars Piguet, attracted huge crowds and even led to scuffles among shoppers. The timepieces, which blend Swatch’s 1980s pop-art aesthetic with Audemars Piguet’s signature octagonal bezel design, retail for […]

Conferences

UBA CEO, Niger gov, others honoured at ICAN annual dinner 2026

The Group Managing Director/Chief Executive Officer of United Bank for Africa, Oliver Alawuba, has been honoured by the Institute of Chartered Accountants of Nigeria at its 2026 Annual Dinner and Awards Night, alongside the Governor of Niger State, Umar Mohammed Bago; the Accountant-General of the Federation, Shamseldeen Babatunde Ogunjimi, Ph.D., FCA; and other eminent Nigerians. […]

Tony Elumelu
Business

Tony Elumelu set for Seplat Energy board seat

Multi-billionaire founder and chairman of United Bank for Africa Plc, Mr. Tony Elumelu, is expected to be formally elected to the board of Seplat Energy Plc on Wednesday, May 20, 2026. Shareholders will gather virtually for the company’s 13th Annual General Meeting on that date. This development is according to the energy company’s Notice of […]

Business

Oyedele unveils digital platforms to boost taxpayer complaint resolution

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, on Monday officially launched the Office of the Tax Ombud’s digital case management portal, website, and call centre to strengthen taxpayer protection. The unveiling ceremony, held in Abuja. Also present were the Minister of Information and National Orientation, Mohammed Idris; the Head of […]

OpenAI board rejects Elon Musk-led buyout offer
Business

Elon Musk loses mega lawsuit against OpenAI

Elon Musk’s claim that he was mistreated by his OpenAI co-founders was dismissed after nine California jurors unanimously ruled that his lawsuit had been filed too late. Musk had accused Sam Altman, Greg Brockman, OpenAI, and Microsoft of “stealing a charity” by turning the AI research lab into a for-profit affiliate. However, the jury found […]

Business

NRS introduces single tax identity framework across Nigeria

The Nigeria Revenue Service in partnership with the Joint Revenue Board, has unveiled a new Taxpayer Identification system for all taxable persons across the country. The announcement was made in a public notice released on Monday. According to the NRS, the initiative aligns with Sections 6, 7, and 8 of the Nigeria Tax Administration Act, […]

News

Lagos saves ₦118.32bn properties from fire outbreak in 2025

The Lagos State Government on Monday disclosed that properties valued at N118.32 billion were saved from fire incidents in 2025, while properties worth N19.72 billion were lost to various fire outbreaks across the State. Vanguard reported that the commissioner for Special Duties and Inter-Governmental Relations, Mr. Olugbenga Oyerinde, disclosed this during the 2026 ministerial press […]

Finance

DMO auctions ₦600bn bonds with yield up to 22.60%

The Debt Management Office Nigeria is auctioning N600 billion today, Monday May 18, 2026, reopened Federal Government bonds, with elevated yield as high as 22.60 per cent. On behalf of the Federal Government of Nigeria, the agency is rolling out two previously issued instruments carrying coupon rates of 22.60 per cent and 16.2499 per cent, […]

Investment

AFC commits $100m to boost Africa tech venture capital

Africa Finance Corporation has approved a commitment of up to $100 million to invest in Africa-focused technology fund managers, in a move aimed at increasing local institutional participation in the continent’s fast-growing venture capital ecosystem. The AFC disclosed this in a statement released on Monday. The investment comes as Africa’s digital economy is projected to […]

Business

US outlines visa requirements for 2026 W’Cup fans

The United States has issued updated visa guidance for international fans intending to attend the FIFA World Cup 2026, advising travellers to secure the appropriate documentation ahead of the tournament. The advisory, published on the United States Department of State website, outlines entry requirements and visa procedures for foreign visitors. The notice comes as preparations […]