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SERAP sues NNPCL over alleged ₦5.9bn rebranding expense

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Nigerian National Petroleum Company Limited over what it described as the company’s failure to account for approximately ₦5.9 billion allegedly spent on the incorporation, transition and rebranding of the NNPC into NNPCL. SERAP said the NNPC reportedly paid ₦2.9 billion for incorporation expenses […]

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FG to open recruitment portal for shortlisted civil defense candidates, others

The Federal Government will open the Civil Defence, Correctional, Fire and Immigration Services Board recruitment portal from Monday, June 15, 2026, for shortlisted candidates to proceed to the next stage of the 2024/2025 recruitment exercise. The Board disclosed this in a statement via its official X account, notifying CBT participants from the November 2025 examination […]

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Nigerian billionaire Femi Otedola returns to school

Billionaire businessman Femi Otedola has completed an executive leadership programme, Leading Businesses for the Future, at London Business School. Otedola announced the milestone via his official social media platforms, describing the experience as a powerful reminder that humility remains central to lifelong learning. According to him, “no knowledge is wasted,” adding that he remains committed […]

Tech

Anthropic disables Fable 5, Mythos 5 after US export control order

Anthropic announced on Friday that it has disabled access to its Fable 5 and Mythos 5 artificial intelligence models following a United States government export control directive issued on national security grounds. The company said it received the order at 5:21 p.m. ET, directing it to halt access to the models for all foreign nationals, […]

Business

Dangote refinery boosts Nigerian crude prices amid global uncertainty

Dangote Petroleum Refinery’s increasing demand for Nigerian crude oil is providing crucial support to the country’s oil market, boosting premiums for key crude grades and helping sustain demand amid uncertainty in global energy markets. The refinery’s growing crude intake has strengthened the pricing of Nigerian oil grades compared with competing Angolan crudes, as geopolitical tensions […]

Business

ILO adopts first global labour standard for ride-hailing services

The International Labour Organisation has adopted the world’s first global labour standard dedicated to work carried out through digital platforms, including ride-hailing and delivery services such as Uber and Bolt. The framework, titled the “Decent Work in the Platform Economy Convention, 2026,” was approved on Friday at the 114th International Labour Conference in Geneva, Switzerland. […]

Tech

OpenAI faces US probe as attorneys general issue subpoena

OpenAI is facing scrutiny from a coalition of U.S. state attorneys general after receiving a subpoena on Friday seeking documents tied to a wide range of its business operations and user impact, according to an exclusive report by The Wall Street Journal. The subpoena, issued by the office of New York Attorney General Letitia James, […]

Business

Electric vehicle prices drop globally in 2025, US lags behind

Electric vehicles became more affordable across much of the world in 2025, but the trend largely bypassed the United States. Electric cars now account for one in every four vehicles sold globally, underscoring the rapid pace of adoption worldwide. In contrast, EV penetration in the U.S. remains around 10 per cent, according to the International […]

Business

FG denies cooking gas export claims

A senior official of the Federal Ministry of Petroleum Resources has dismissed allegations that locally produced cooking gas is being exported for foreign currency earnings at the expense of Nigerian consumers, maintaining that the federal government’s ban on Liquefied Petroleum Gas exports remains in effect despite concerns over rising prices and supply shortages. The clarification […]

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T+1 reform will cut risks, improve trading efficiency – ASHON

The Chairman of the Association of Securities Dealing Houses of Nigeria, Sehinde Adenagbe, has hailed the introduction of the T+1 settlement cycle by CSCS Plc as a landmark reform for Nigeria’s capital market, saying it will improve operational efficiency, lower settlement risks, and strengthen investor confidence. Commenting on the new settlement regime, Adenagbe said the […]

Business

World Cup set to become largest sports gambling event ever

The global sports gambling industry is banking on the World Cup to reignite growth after a period of slowing momentum and intensifying competition from prediction markets. Online betting operators have faced challenges in recent months, with customer acquisition stagnating and existing users placing fewer wagers, according to The New York Times. The industry is now […]