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UAE oil giant vessel attacked in Strait of Hormuz

Oil and Gas

Agric credit hits ₦3.86trn as oil, gas lending falls

Agribusiness

PwC flags gaps in new NRS virtual asset tax

Business

Bonny Light nears $95 as Middle East tensions persist

Oil and Gas

Blog

Speculative FX demands cause of weak naira - CBN
News

NIMC releases revised price list for NIN services

The National Identity Management Commission has released a revised price list for its services, including updates to the National Identification Number database. According to the new rates, correcting the date of birth on the NIN now costs ₦28,750. Other data modification services—such as changes to names, addresses, and phone numbers—also have updated fees, though typically […]

FAAN diverts two Kano-bound aircraft to Lagos over runway light outage
Aviation

FAAN unveils modern domestic cargo facility in Lagos 

The Federal Airports Authority of Nigeria has launched a state-of-the-art domestic cargo processing facility at the General Aviation Terminal in Lagos, marking a significant step in modernizing the nation’s aviation logistics infrastructure. The facility was officially inaugurated on Friday, in a ceremony led by FAAN’s Director of Commercial and Business Development, Ms. Joy Agunbiade, representing […]

Amazon plans stand-alone app for payments in India
Tech

Amazon enters quantum race with launch of Ocelot chip

Amazon has recently joined the intensifying quantum computing race, unveiling its proprietary quantum chip, Ocelot. The tech giant now competes head-to-head with cloud computing rivals Google, Microsoft, and others, all vying to dominate what many see as the next technological frontier. Amazon, best known for its e-commerce empire, has evolved into a cloud computing powerhouse […]

9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays
News

9mobile loses over 300,000 subscribers as roaming deal with MTN faces delays

Embattled telecom operator 9mobile continues to shed subscribers at an alarming rate, as regulatory delays stall a crucial national roaming deal with industry giant MTN Nigeria. According to new data from the Nigerian Communications Commission, 9mobile lost 318,825 subscribers between February and March 2025, reducing its customer base to just 2.96 million. The drop has […]

Tech

Africa can lead AI-driven deep tech, says El Habti

The President of the University Mohammed VI Polytechnic, Hicham El Habti, has declared that Africa stands on the brink of leading the global deep tech revolution. Delivering his opening remarks at the ongoing second edition of the DeepTech Summit, held at UM6P’s campus in Benguerir, Morocco, El Habti highlighted Africa’s growing prominence in deep tech, […]

UAE commits to $25bn Nigeria-Morocco gas pipeline project
News

UAE commits to $25bn Nigeria-Morocco gas pipeline project

The United Arab Emirates has signed on as a major investor in the $25 billion Nigeria-Morocco gas pipeline, a transcontinental energy project to transform power supply, trade, and economic development across West Africa and beyond. Morocco’s Minister of Energy Transition, Leila Benali, announced the UAE’s involvement during a parliamentary session on Tuesday, confirming the project […]

FG hails progress in Naira-for-Crude policy, vows continued support
News

FG hails progress in Naira-for-Crude policy, vows continued support

The Federal Government has commended the renewed momentum of its naira-for-crude oil initiative, describing the policy as a strategic pillar for stabilising the naira and enhancing Nigeria’s energy independence. During a high-level meeting held in Abuja on Thursday, the Technical Sub-Committee on Crude and Refined Product Sales in Naira provided updates on the policy’s implementation. […]

Internet usage drops in Nigeria after 50% tariff hike – NCC
News

Internet usage drops in Nigeria after 50% tariff hike – NCC

Nigeria’s internet user base declined by nearly one million in February following a 50 per cent hike in tariffs on voice, data, and SMS services, according to new data released by the Nigerian Communications Commission. The NCC’s industry report shows that internet subscriptions fell from 142.16 million in January to 141.25 million in February, marking […]

News

Senate passes remaining tax reform bills

The Senate on Thursday passed the remaining tax reform bills after completing the clause-by-clause review of the Nigeria Tax Administration Bill and the Nigeria Tax Bill. This followed the previous day’s passage of two key tax reform bills: the Nigeria Revenue Service (Establishment) Bill, 2025, and the Nigeria Tax Administration Bill, 2025. Additionally, the Red […]

Banking

Nigeria secures additional $215m W’Bank loan for palliatives

The World Bank has increased its disbursement to Nigeria under the $800 million National Social Safety Net Programme-Scale Up to $530 million, up from $315 million in 2023. This reflects an additional $215 million released in 2024 to support the country’s palliative initiatives targeted at cushioning economic hardship, especially for vulnerable households. Although the exact […]

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