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Finance ministry demands legal basis for N680m NAICOM

  • 10th August 2026

NGX listed firms earned ₦179.5bn finance income in

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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

Lagos warns of traffic around Pen Cinema ahead of

Transportation

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

Economy

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Aviation

NCAA grounds Rano Air flight after in-flight engine failure

The Nigerian Civil Aviation Authority has grounded Rano Air’s Sokoto-to-Kano flight following an in-flight engine failure. This was disclosed in a statement signed by NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu, on Monday. According to Achimugu, the aircraft with registration 5N-BZY suffered an engine malfunction mid-flight but was safely landed by the […]

Aviation

UK antitrust watchdog probes Boeing’s proposed Spirit AeroSystems acquisition

United Kingdom antitrust authorities have initiated an investigation into Boeing’s proposed acquisition of Spirit AeroSystems, a fuselage manufacturer. The Competition and Markets Authority began an initial review last week to evaluate potential impacts on U.K. competition. The probe has now advanced to the first phase of a formal investigation, with a decision expected by August […]

Business

Nigeria’s promissory notes drop 15.6% in Q1 2025 — DMO

Nigeria’s promissory notes plummeted by 15.6% quarter-on-quarter, declining from N1.542 trillion in December 2024 to N1.301 trillion in March 2025, according to the Debt Management Office. The decrease, which also reflects a 17.1% year-on-year drop from March 2024, underscores the federal government’s intensified efforts to settle verified obligations and bolster economic confidence. Promissory notes, legally […]

FG deducts N256.5bn for gas projects in six months
News

FG disburses ₦1.6tn to states for FCT for infrastructure, security projects

The federal government has disbursed a total of ₦1.6 trillion to the 36 states and the Federal Capital Territory between March 2024 and May 2025 to support infrastructure development and security projects, documents from the Office of the Accountant-General of the Federation have revealed. The funds, released under a special intervention programme, were drawn from […]

LCCI to launch innovation hub for startups, SMEs in Lagos
News

LCCI to launch innovation hub for startups, SMEs in Lagos

The Lagos Chamber of Commerce and Industry will on Monday inaugurate a new Innovation Hub in Lagos aimed at nurturing startups and supporting small and medium-scale enterprises across Nigeria. Speaking on Friday during the chamber’s 2025 Members’ Day in Lagos, Ladi Smith, Chairman of Research and Advocacy at LCCI, said the hub is designed to […]

Oil and Gas

Oil prices fall amid OPEC+ output hike hopes

Oil prices declined 1 per cent on Monday, driven by reduced geopolitical tensions in the Middle East and expectations of increased OPEC+ production in August. Brent crude futures dropped 66 cents, or 0.97 per cent, to $67.11 per barrel with the August contract nearing expiry. The September contract fell 83 cents to $65.97. U.S. West […]

Trump to spend $1bn on offensive cyber operations
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Canada backs down on digital tax ahead of US trade talks

Canada has backed down from implementing its digital services tax, citing hopes for a mutually beneficial trade deal with the United States, Ottawa announced Sunday night—just one day before the tax was set to take effect. The reversal came after U.S. President Donald Trump declared he would “terminate ALL discussions on Trade with Canada” in […]

Business

14m tonnes of platic waste choke oceans yearly – FG

The Federal Government has raised alarm over the global plastic pollution crisis, revealing that approximately 14 million tonnes of plastic waste clog the world’s oceans each year, posing a severe threat to Nigeria’s marine ecosystems and biodiversity. Speaking at a stakeholder training workshop on the Extended Producer Responsibility programme in Abuja, Minister of Environment Balarabe […]

Uncategorized

Banks’ compliance officers push for AI-driven risk solutions

The Association of Chief Compliance Officers of Banks in Nigeria has advocated for the integration of artificial intelligence and advanced technologies in risk management to bolster financial integrity across the banking sector. The call to action was made at ACCOBIN’s 2025 Annual Stakeholders’ Conference, held in Lagos, themed Beyond Compliance: AI, Risk, and the Future […]

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

Dangote refinery to absorb ₦1.07trn yearly in direct fuel distribution push

Dangote Petroleum Refinery has unveiled plans to distribute fuel directly to marketers nationwide, absorbing over N1.07 trillion annually in distribution costs. The company has committed N720 billion to deploy 4,000 Compressed Natural Gas-powered trucks, a move projected to save Nigerians more than N1.7 trillion each year. This was disclosed in a statement by the company […]

featured

Marketers predict fuel price cut as crude drops

Petroleum marketers in Nigeria are anticipating a potential reduction in Premium Motor Spirit prices following a recent decline in global crude oil prices, according to the Petroleum Products Retail Outlet Owners Association of Nigeria. The association indicated that a new pricing structure could take effect as early as Monday, reflecting the lower cost of crude […]

Tech

Apple’s ‘F1’ races to top at weekend box office with $55.6m

“F1 The Movie” sped to a strong start, earning $55.6 million in North America and $144 million worldwide over the weekend, according to studio estimates on Sunday. The film marks the most successful theatrical opening for Apple Original Films to date. Despite earning critical praise for titles like the Oscar-winning CODA in 2021, Apple’s box […]

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