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Iraq lifts ban on Telegram
Tech

Vietnam blocks Telegram for refusing to share user data – Report

Vietnam’s Ministry of Information and Communications has ordered telecom providers to block the messaging app Telegram after it reportedly failed to cooperate in tackling criminal activities on its platform, Reuters reported on Friday, citing an official government document. The document, dated May 21, instructs telecom companies to immediately block Telegram and submit reports on their […]

featured

New NNPC board urges patience amid oil sector reforms

Musa Kida, the new non-executive Chairman of the Nigeria National Petroleum Corporation Limited, has called on Nigerians to be patient as the board works to reform the oil sector. After their inauguration by President Bola Tinubu, Kida described the task as “a huge assignment” but assured that the board is committed to fixing the sector. […]

Amazon plans stand-alone app for payments in India
Tech

Amazon shareholders vote against splitting CEO, chair roles

Amazon shareholders rejected a proposal to separate the roles of CEO and board chair. According to a filing on Thursday, around 82% of shareholders voted against the measure. This independent proposal, along with seven others, was put forward at Amazon’s annual meeting on Wednesday, but all were ultimately rejected. The proposal aimed to formalize this […]

Business

Shell urges local firms to seize deepwater, offshore opportunities

Shell Nigeria Exploration and Production Company Limited has urged Nigerian firms to strategically position themselves to tap into expanding opportunities in its deepwater and shallow offshore oil and gas projects. The Managing Director of SNEPCo, Ronald Adams, made this disclosure at the fifth edition of the Nigerian Oil and Gas Opportunity Fair held in Yenagoa, […]

Oil and Gas

IPMAN accuses NMDPRA of withholding fuel bridging claims 

The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Shettima, has raised concerns over unpaid fuel bridging claims by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. Shettima made this known during a courtesy visit to the FCT Director of the Department of State Services, Usman Dauda, on Tuesday. While commending President […]

Transcorp Power emerges top NGX weekly gainer
Business

NGX foreign transactions drop 91% in April

Foreign portfolio transactions on the Nigerian Exchange Limited nosedived by 90.99% in April 2025, dropping to N63.07 billion from N699.89 billion in March, according to the NGX’s latest Domestic and Foreign Portfolio Investment report. The steep decline follows a March surge driven by large block trades that inflated foreign inflows, which failed to materialize in […]

Business

Enugu unveils council to boost $30b economy

Governor of Enugu State, Dr. Peter Mbah, on Thursday inaugurated the Enugu State Ease-of-Doing-Business Council as part of his administration’s goal to grow the state’s economy from $4.4 billion to $30 billion by establishing it as a leading center for business, investment, tourism, and quality living. At the Government House in Enugu, where he also […]

Google launches AI-powered app NotebookLM
Tech

Google faces antitrust probe over AI Chatbot deal

The United States Justice Department is investigating whether Alphabet Inc.’s Google violated antitrust laws through a deal with Character.AI, a prominent chatbot developer, sources familiar with the matter revealed. The probe focuses on whether Google structured the agreement to evade formal merger scrutiny by regulators, according to individuals who spoke on condition of anonymity due […]

Germany charges Apple with antitrust violations over app tracking tool
Business

Nigeria crucial to meeting hydrogen needs – Envoy

German Ambassador to Nigeria, Annett Gunther, has stated that Germany is looking to Nigeria as a critical supplier in its quest to meet growing hydrogen demands and advance its green energy transition. Speaking at the opening of a two-day working group meeting on Nigeria’s hydrogen policy in Abuja, Gunther highlighted Nigeria’s abundant natural resources, strategic […]

Tech

OpenAI, Oracle, Nvidia, Cisco partner for UAE’s largest AI hub

OpenAI, Oracle, Nvidia, Cisco, and other tech giants are collaborating on a groundbreaking artificial intelligence infrastructure project in the United Arab Emirates. This initiative, known as Stargate UAE, aims to establish one of the world’s largest AI data centers, marking a significant expansion of AI capabilities beyond the United States. “AI is the most transformative […]

Business

FG eyes N300b from FGN bond market in May 

The Federal Government of Nigeria, via the Debt Management Office, aims to raise N300 billion from the domestic bond market in May 2025, marking a 12.5% decline from the N350 billion offered in April 2025. This reduction suggests a moderate adjustment in borrowing strategy, possibly reflecting improved fiscal conditions, lower immediate funding requirements, or strategic […]

Dangote Refinery loses N32.5bn after petrol price cut
Oil and Gas

Dangote refinery cuts petrol prices nationwide

Dangote Petroleum Refinery has lowered the pump price of Premium Motor Spirit across Nigeria. The new prices are set at N875 per litre in Lagos and N905 per litre in other parts of the country. This price adjustment reflects a N15 reduction per litre in Lagos. The update was announced on Thursday via the Dangote […]