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Finance ministry demands legal basis for N680m NAICOM

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NGX listed firms earned ₦179.5bn finance income in

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Nigeria’s monthly data consumption hits record 1.5mTB in

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NITDA urges regulatory collaboration to support emerging technologies

  • 10th August 2026

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Nigeria to phase out diesel, embrace hybrid energy — Shettima
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Tinubu’s economic reforms among Nigeria’s boldest – Shettima 

Vice President Kashim Shettima has hailed the economic reforms under President Bola Tinubu as some of the most courageous in Nigeria’s history, saying they are already delivering notable progress. Speaking through his Special Adviser on Economic Matters, Dr. Tope Fasua, Shettima made the remarks on Tuesday during the opening of the 32nd Annual Meetings of […]

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Tinubu to sign four major tax reform bills Thursday

President Bola Tinubu will on Thursday sign into law four major tax reform bills aimed at overhauling Nigeria’s fiscal and revenue systems. The announcement was made on Wednesday by Bayo Onanuga, Special Adviser to the President on Information and Strategy, in a statement titled “President Tinubu signs four tax bills into law tomorrow.” The four […]

US senators demand Meta probe over chatbot child safety concerns
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Meta wins copyright lawsuit over Llama AI training

Meta secured a legal victory on Wednesday in a significant copyright case brought by 13 authors over its Llama AI model. United States District Judge, Vince Chhabria ruled in Meta’s favour, finding that the company’s use of books to train its large language models falls under the fair use provisions of U.S. copyright law, according […]

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Nigeria to adopt international actuarial standards

The Executive Secretary of the Financial Reporting Council of Nigeria, Dr. Rabiu Olowo, has announced plans to integrate international standards on actuarial practice into Nigeria’s regulatory framework. Olowo made this disclosure on Wednesday at the 2025 Annual Industry Conference of the Nigerian Actuarial Society, themed “Creating Value and Building Resilience in an Evolving Industry.” He […]

Court upholds NMDPRA's authority to impose statutory taxes
Business

NMDPRA launches licensing framework to combat low-quality lubricants

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has announced plans to begin issuing licences for lubricant importation. The move is aimed at curbing the circulation of substandard products in the country. NMDPRA Chief Executive, Farouk Ahmed, disclosed this during a stakeholders’ workshop held on Wednesday in Abuja. Ahmed, who was represented by the Executive […]

ChatGPT history could be used as court evidence, OpenAI CEO warns
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OpenAI’s Sam Altman discusses future partnership with Microsoft’s Nadella

OpenAI CEO Sam Altman revealed in a podcast on Tuesday that he spoke with Microsoft CEO Satya Nadella earlier this week to discuss the evolving nature of their strategic partnership. The conversation, disclosed during an episode of The New York Times’ podcast, comes amid ongoing negotiations over Microsoft’s investment in the AI company. Microsoft, OpenAI’s […]

BlackBerry raises revenue forecast amid demand for cybersecurity services
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BlackBerry raises revenue forecast amid demand for cybersecurity services

Canadian tech firm BlackBerry Ltd. has raised its revenue outlook for the 2026 fiscal year, buoyed by sustained demand for cybersecurity services as cybercrime continues to surge globally. The announcement, made Tuesday, pushed the company’s U.S.-listed shares up by 6% in after-hours trading. The revised forecast projects total revenue between $508 million and $538 million, […]

Tech investor Prosus targets $7.5bn e-commerce revenue by 2026
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Tech investor Prosus targets $7.5bn e-commerce revenue by 2026

Dutch technology investor Prosus has outlined ambitious growth plans for its e-commerce operations, targeting revenue of between $7.3 billion and $7.5 billion in its 2026 financial year, the company revealed during its Capital Markets Day presentation on Wednesday. The group, majority-owned by South Africa’s Naspers with a 41% stake, also aims to boost adjusted earnings […]

Business

FG targets tariff reforms to boost gas supply for thermal plants

The federal government is exploring solutions to tariff-related issues affecting gas supply and payment systems for major thermal power plants operated under the Nigerian National Petroleum Company Limited. This was revealed in a statement on Wednesday by Louis Mbah, spokesperson for the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, following a high-level meeting […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
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Cardoso calls for African unity as Afreximbank assets top $40b

The Governor of the Central Bank of Nigeria, Yemi Cardoso, has urged greater strategic alignment among African nations as the African Export-Import Bank expands its capital assets beyond $40 billion as of 2024. He made the call on Wednesday during his remarks at the Afreximbank 2025 Annual Meetings, held under the theme “Building the Future […]

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Pensioners press lawmakers to act on Tinubu-approved ₦758bn bond

Pensioners enrolled in Nigeria’s Contributory Pension Scheme have called on the National Assembly to approve the full implementation of the ₦758 billion Treasury bond announced earlier this year. The bond, approved by President Bola Tinubu in February 2025 during a Federal Executive Council meeting, is aimed at settling long-standing pension arrears owed to federal retirees […]

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