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AMCON recovers N165bn from bank debtors in H1

  • 27th July 2026

Over 90% of informal workers abandon personal pension

  • 27th July 2026

Oando plans power generation from abandoned oil wells

  • 27th July 2026

Senate replaces outdated insurance law with new regulatory

  • 27th July 2026

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UK snubs Nigeria, waives proof-of-funds demand for Tunisia, others

Business

Hugging face CEO demands OpenAI release records of AI

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Customs recovers ₦30bn in import duties, moves to impound

Finance

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FG pledges stronger fiscal reporting, transparency after IMF review

The Federal Government has pledged to strengthen fiscal reporting, budget transparency, and data integrity in line with recommendations from the International Monetary Fund, while welcoming the Fund’s broadly positive assessment of Nigeria’s ongoing economic reforms. The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this in a statement issued on Tuesday […]

Business

FG unveils $1bn AfCFTA credit facility to boost African trade

The Federal Government has reiterated its commitment to advancing Nigeria’s export-driven growth under the African Continental Free Trade Area, announcing opportunities for businesses to access a $1 billion AfCFTA Adjustment Fund Credit Facility aimed at strengthening production, competitiveness, and intra-African trade. The Minister of Industry, Trade and Investment, Jumoke Oduwole, made this known on Tuesday […]

Tech

Spyware firm targeted WhatsApp users despite US court order

Meta says a spyware company has been targeting WhatsApp users with malicious links, despite a US court order banning such activity. In a statement, Meta said WhatsApp detected and blocked spear-phishing attempts linked to the NSO Group. The company said the attacks appeared to target a small number of users in Jordan and Lebanon, and […]

Tech

TikTok deletes 4m videos, shuts 86,000 live sessions in Nigeria

TikTok removed more than four million videos and terminated over 86,000 live sessions in Nigeria during the fourth quarter of 2025 as it intensified efforts to curb harmful content on the platform. According to TikTok’s Q4 2025 Community Guidelines Enforcement Report, cited by the News Agency of Nigeria, the measures form part of the company’s […]

Economy

Nigeria’s economy stronger but poverty worsened, IMF warns

The International Monetary Fund said Tuesday that reforms implemented by the Nigerian government had strengthened the country’s economy, but warned that more than 60 per cent of Nigerians now live in poverty. Since taking office just over three years ago, President Bola Tinubu has removed a costly fuel subsidy that had kept petrol prices artificially […]

Economy

Africa loses billions to corruption, recovers little, Kenyan envoy warns

African countries are losing billions of dollars annually to corruption while recovering only a small fraction of stolen assets, Kenyan High Commissioner to Nigeria, Ambassador Isaac Keen Parashina, has said, calling for stronger continental cooperation in tracking and recovering illicit funds. According to Vanguard he made the remark on Tuesday in Abuja during the maiden […]

Business

Tony Elumelu named Seplat chairman in major leadership shakeup

Seplat Energy Plc has announced major leadership changes, with billionaire investor and philanthropist Tony O. Elumelu set to become Chairman of the Board in 2027, in a transition that underscores the company’s next phase of expansion and governance continuity. The announcement also confirms the planned retirement of Chief Executive Officer Roger Brown on July 31, […]

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Tinubu approves ₦10bn to tackle Ebola threat in Nigeria

President Bola Tinubu has approved the establishment of a Presidential Task Force on Ebola Virus Disease Preparedness and Emerging Public Health Threats and ordered the immediate release of N10 billion as emergency intervention funding. The fund will strengthen the operational preparedness of the National Centre for Disease Control and Prevention and support critical national public […]

Finance

Tax Ombud vows to end multiple taxation across Nigeria

The Tax Ombud, Dr. John Nwabueze, has pledged to eliminate arbitrariness in Nigeria’s tax system and tackle the challenge of multiple taxation affecting individuals and businesses across the country. Vanguard reported that he made the commitment on Tuesday during a media parley with finance correspondents in Abuja. According to him, the Office of the Tax […]

Business

OpenAI files for IPO as AI firms race to market

OpenAI, the company behind ChatGPT, has filed confidentially for an initial public offering, signaling a potential move toward the public markets as competition among artificial intelligence firms intensifies. The company disclosed this on Monday, June 8, through a statement published on the ChatGPT blog, saying it had submitted a confidential S-1 registration statement to the […]

Transportation

Lagos Blue line extends hours, increases trips from June 15

The Lagos Rail Mass Transit Blue Line will begin operations at 6:00 a.m. and increase daily train trips from June 15, 2026, as part of a timetable adjustment aimed at improving commuter convenience and expanding capacity along the Marina–Mile 2 corridor. Nairametrics reported that the announcement was contained in a statement issued on Monday by […]

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