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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 […]

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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 […]

TikTok removes more Universal Music songs as conflict worsens
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Trump confirms buyer found for TikTok’s US operations

President Donald Trump has announced that a buyer has been identified for the United States operations of TikTok, the social media platform owned by China’s ByteDance Ltd. Trump however said he will not reveal further details for another two weeks. “We have a buyer for Tiktok, by the way. I think I’ll need probably China […]

Meristem projects oil, banking sector gains amid rising crude prices
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Meristem projects oil, banking sector gains amid rising crude prices

Investment firm Meristem Securities Limited has projected that Nigerian oil and banking stocks stand to benefit from the ongoing rise in global crude oil prices, driven largely by geopolitical tensions in the Middle East. In its latest macroeconomic and capital market update, Meristem stated that the upward trend in oil prices could carry significant implications […]

YouTube to tighten monetization rules to combat AI-generated content
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Google prepares iOS launch for YouTube Create 

Nearly two years after debuting exclusively on Android, Google is preparing to launch its YouTube Create video editing app on iOS devices. Job listings reviewed by TechCrunch confirm that Google is actively recruiting software engineers in Bengaluru, India, to build the iOS version. YouTube Create was first launched in September 2023 in the U.S. and […]

Guaranty Trust Bank Ltd. has announced that all its branches across Nigeria will close earlier than usual on Monday, June 30, 2025
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GTBank to close branches early nationwide on June 30

Guaranty Trust Bank Ltd. has announced that all its branches across Nigeria will close earlier than usual on Monday, June 30, 2025, to accommodate its scheduled half-year audit activities. The bank disclosed the temporary adjustment in operating hours through an email notice sent to customers on Saturday. “Please be informed that our branches nationwide will […]

Business

Afreximbank appoints George Elombi as next president

Shareholders of the African Export-Import Bank have appointed Dr. George Elombi as the Bank’s next President and Chairman of the Board of Directors. The announcement was made on Saturday during the 32nd Afreximbank Group Annual Meetings in Abuja. Dr. Elombi will succeed Professor Benedict Oramah, who is set to step down in September 2025 after […]

Northern governors mourn businessman Alhaji Aminu Dantata
Business

Kano business icon Aminu Dantata dies at 94

Prominent Kano businessman and philanthropist, Alhaji Aminu Dantata, has passed away at the age of 94. His death was confirmed on Saturday in a Facebook post by his Principal Private Secretary, Mustapha Abdullahi Junaid. “It is with heavy heart that I announce the passing of our beloved father, Alhaji Aminu Alhassan Dantata. “May Allah grant […]

Northern governors mourn businessman Alhaji Aminu Dantata
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Northern governors mourn businessman Alhaji Aminu Dantata

Governors of Nigeria’s northern states have expressed deep sorrow over the death of elder statesman, businessman, and philanthropist Alhaji Aminu Alhassan Dantata, who died at the age of 94. In a condolence message issued on Saturday, the Chairman of the Northern States Governors’ Forum and Governor of Gombe State, Muhammadu Inuwa Yahaya, described Dantata’s passing […]

Dangote names Lekki refinery road after Wigwe
Business

Dangote launches strategy to end Africa’s fertilizer dependence

President of the Dangote Group, Aliko Dangote, has unveiled an ambitious plan to achieve fertilizer self-sufficiency across Africa within 40 months. The initiative aims to strengthen the continent’s agricultural productivity and cut dependence on imports. Speaking at the Annual Afreximbank Meeting in Abuja, Dangote confidently declared, “In the next 40 months, Africa will not import […]

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