Business

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Senate replaces outdated insurance law with new regulatory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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Snapchat introduces real-time music sharing feature for users

Tech

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

Business

Hugging face CEO demands OpenAI release records of AI

Tech

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

Finance

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Finance

FG clears over ₦700bn contractor debts

The Federal Government has processed payments exceeding N700bn in verified obligations owed to local contractors over the past few months, including N436.6bn disbursed in May alone, as part of efforts to clear long-standing debts and stimulate economic activity. The PUNCH reported that the Federal Ministry of Finance disclosed this in a statement issued on Monday […]

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FG slashes imprest for ministers, heads of MDAs

The Federal Government has introduced a fresh set of measures aimed at strengthening financial discipline across Ministries, Departments and Agencies by imposing new limits on reimbursable imprest and tightening oversight of public funds. According to The PUNCH the new directives are contained in the 2026 Annual General Imprest Warrant signed by the Minister of Finance […]

Tech

Uber opens early access signup for London ‘robotaxi’

Uber has launched an interest list for customers in the United Kingdom seeking early access to autonomous rides, a move that signals preparations for a potential robotaxi rollout in London in partnership with Wayve. The new feature, announced on Monday in London, allows riders to register their interest in being matched with a Wayve-powered autonomous […]

Business

FG schedules Wednesday flight for stranded Nigerians in South Africa

Nigeria will begin evacuating its citizens from South Africa this week following anti-immigrant attacks and protests in Africa’s largest economy. The Federal Government has scheduled the first evacuation flight for Wednesday. This was disclosed in a text message by the spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, according to Reuters. South Africa […]

Technology

OpenAI plans ChatGPT redesign into ‘superapp’

OpenAI is reportedly planning the biggest redesign of ChatGPT since its 2022 launch, with plans to transform the chatbot into a “superapp” that will combine coding tools, AI agents and third-party integrations, according to a report by the Financial Times. The development comes as the $850 billion company intensifies its push toward profitability ahead of […]

Business

Global stocks slide as Middle East tensions drive oil higher

Global stock markets declined on Monday as investors grew increasingly concerned about the outlook for technology stocks, while oil prices surged following renewed tensions in the Middle East that weakened expectations of a near-term reopening of the Strait of Hormuz. Equity markets across Asia and Europe tracked losses on Wall Street, where major technology stocks […]

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Nigeria leads Africa in domestic aviation growth — Report

Nigeria’s aviation sector recorded Africa’s fastest domestic seat capacity growth in June 2026, with airlines increasing domestic capacity by 21.7 per cent year-on-year. The figures are contained in data released by OAG on the African aviation market for June 2026, based on scheduled flight capacity across carriers operating within the region during the month. Among […]

Business

FG delays Nigerians’ evacuation from S’Africa over logistical challenges

The Federal Government has postponed the evacuation of the first group of Nigerians seeking to return from South Africa amid renewed xenophobic attacks against foreign nationals. The Ministry of Foreign Affairs disclosed the development on Monday, citing logistical constraints as the reason for the delay. According to the ministry’s spokesperson, Kimiebi Ebienfa, the evacuation flight, […]

featured Finance

Dollar trades near ₦1,400 in parallel FX market

The naira maintained relative stability against the United States dollar in both the official and parallel foreign exchange markets as traders continued to monitor supply and demand conditions in Nigeria’s forex market. Data from the Nigerian Foreign Exchange Market showed that the naira traded at approximately ₦1,357.26 to the dollar at the official market, sustaining […]

Business

Reps recovers ₦521.77m VAT from CBN in Remita revenue probe

The House of Representatives Public Accounts Committee has recovered N521.77 million in unremitted Value Added Tax from the Central Bank of Nigeria, in what lawmakers described as a major milestone in an ongoing probe into revenue leakages associated with government collections processed through the Remita platform. The recovered funds relate to VAT deductions on fees […]

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LASERC flags MTN, others over unlicensed electricity operations in Lagos

The Lagos State Electricity Regulatory Commission has identified 38 companies operating in Lagos State that have failed to obtain the required licences or complete regulatory compliance processes despite repeated directives. The affected firms—including MTN, Flour Mills, Golden Penny, First Global Commerce Solutions Limited, African Steel Mills Nigeria Limited, and Lekki Port LFTZ Enterprise Limited, collectively […]

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