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UAE oil giant vessel attacked in Strait of Hormuz

Oil and Gas

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Agribusiness

PwC flags gaps in new NRS virtual asset tax

Business

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Oil and Gas

Blog

BPP boss promotes procurement process enforcement
Uncategorized

BPP orders full compliance with “Nigeria First” procurement policy

The Bureau of Public Procurement has directed all Ministries, Departments, Agencies, and procurement stakeholders to fully comply with the newly approved “Nigeria First” public procurement policy. The initiative, a cornerstone of President Bola Tinubu’s Renewed Hope Agenda, aims to revitalize local manufacturing and enhance indigenous capacity. Approved by the Federal Executive Council on May 5, […]

CBN warns public against fake contracts, grants, intervention fund scams
News

CBN warns public against fake contracts, grants, intervention fund scams

The Central Bank of Nigeria has issued a fresh warning to the public, cautioning against individuals and groups fraudulently claiming to represent the apex bank in offering fake contracts, grants, and financial intervention schemes. In a statement released on Monday and signed by the Acting Director of Corporate Communications, Mrs. Halima Sidi Ali, the bank […]

EFCC to grill Tompolo over naira abuse at birthday party
News

EFCC to grill Tompolo over naira abuse at birthday party

The Economic and Financial Crimes Commission has announced it will question former Niger Delta militant leader, Chief Government Ekpemupolo—popularly known as Tompolo—over alleged abuse of the naira during his recent 54th birthday celebration. The agency made the disclosure on Monday via its official X (formerly Twitter) handle, posting a message that read, “Nobody is above […]

The management of Benue State University, Makurdi, has denied reports that N2 billion has gone missing from the institution's accounts
News

Benue State University denies alleged N2bn misappropriation

The management of Benue State University, Makurdi, has denied reports that N2 billion has gone missing from the institution’s accounts, describing the allegations as false and misleading. At a press briefing held on Monday, the Deputy Vice Chancellor (Academic), Professor Simon Terver, stated that there is no evidence of any missing funds. He clarified that […]

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

Dangote refinery slashes petrol price to ₦825 per litre

Dangote Petrochemicals Refinery has quietly reduced the ex-gantry price of Premium Motor Spirit, commonly known as petrol, to N825 per litre, undercutting its publicly stated price of N835 per litre, industry sources confirmed Monday. The price cut, implemented through a N10 per litre rebate offered to customers upon successful product loading at the refinery, allows […]

UK PM Starmer pledges tougher immigration rules in sweeping overhaul
News

UK PM Starmer pledges tougher immigration rules in sweeping overhaul

Prime Minister Sir Keir Starmer has unveiled plans for a major shake-up of the UK’s immigration system, promising tighter controls, higher standards, and a “clean break from the past.” His proposals, due to be detailed in a forthcoming Immigration White Paper, aim to reduce migration and restore public confidence after net migration hit 728,000 in […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
News

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months

Nigeria’s debt crisis is worsening, with the Federal Government borrowing a staggering N10.85 trillion from domestic sources between January and April 2025, according to fresh data from the Debt Management Office. The surge in borrowing comes amid a 48.6% year-on-year spike in total public debt, which reached N144.66 trillion in 2024. Of this, the FG […]

Apple to hike iPhone prices ahead of launch
News

Apple to hike iPhone prices ahead of launch

Apple is preparing to raise prices on its upcoming iPhone lineup, which is set for release this autumn, according to a report by The Wall Street Journal. However, the company is reportedly trying to avoid drawing a direct link between the price increases and ongoing U.S. tariffs on Chinese imports. Citing anonymous supply chain sources, […]

World stocks mixed as tech stocks crash
Business

American stock futures surge after US-China trade talks

Investors reacted positively to initial United States, China trade discussions held over the weekend, driving a sharp rally in U.S. stock futures on Sunday. While both nations reported progress, no specific details on tariff resolutions were disclosed, leaving markets hopeful but cautious. Futures for the Dow Jones Industrial Average soared 401 points, or 0.97%, signaling […]

Oil and Gas

Oil prices surge over 3% after US-China tariff rollback deal

Oil prices soared more than 3% in Asian trading on Monday, hitting fresh intraday highs after the United States and China announced a 90-day tariff rollback to ease trade tensions. The agreement, outlined in a joint statement from Geneva, has revived hopes of a broader trade breakthrough, fueling optimism for increased energy demand and industrial […]

Microsoft brings OpenAI's free GPT-oss-20b model to Windows
News

Microsoft, OpenAI in talks to renegotiate partnership

Tech giants Microsoft and OpenAI are reportedly renegotiating the terms of their high-profile partnership, amid tensions over corporate restructuring and future access to cutting-edge AI technology. OpenAI is currently locked in a “tough negotiation” with Microsoft, its largest investor to date, having poured $13 billion into the AI startup, according to the Financial Times. The […]

China 'firmly opposes coercion' as Mexico mulls car tariffs
Business

US, China agree to suspend most tariffs, easing trade tensions

The United States of America and China on Monday agreed to suspend most tariffs on each other’s goods, signaling a de-escalation in trade tensions between the world’s two largest economies. “We had very productive talks and I believe that the venue, here in Lake Geneva, added great equanimity to what was a very positive process,” […]

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