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Crude oil prices rise as Iran rules out

  • 17th August 2026

India-Nigeria trade hits $9bn, rises by 26%

  • 17th August 2026

High lending rates still threaten manufacturing sector recovery

  • 17th August 2026

FG resets profit-sharing terms to attract new deep

  • 17th August 2026

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Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

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EU gives Nigeria €1.5m to fight cholera outbreak

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Ecobank retains retirement age, removes director tenure limit

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FG sets April dates for CNG rollout

The Federal Government has announced key dates in April 2025 for the rollout of its Compressed Natural Gas Initiative, signaling major steps in the transition to cleaner energy across the country. According to a statement by Kenechukwu Chukwu, Technical Assistant on Stakeholder Management and Public Engagement for the Presidential CNG Initiative, the commissioning of CNG […]

Economy

FX Inflow surges to $27.81bn in Q4 2024 – CBN 

The Nigerian economy experienced an increase in foreign exchange inflows in the fourth quarter of 2024, as stated in the latest Economic Report by the Central Bank of Nigeria. The report highlighted a 20.62% rise in total foreign exchange inflows, reaching $27.81 billion, compared to $23.06 billion in the previous quarter. A key highlight of […]

featured Tech

AI could impact 40% of jobs, deepen global inequality – UN

The United Nations Trade and Development agency has expressed concerns over automation and job displacement that could arise from Artificial intelligence. The agency projects that AI will reach a market value of $4.8 trillion by 2033, though its benefits are expected to remain concentrated in certain areas. In a report released on Thursday, UNCTAD noted […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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FG eyes fresh $10.50m W’Bank loan

Nigeria is seeking a fresh $10.5 million loan from the World Bank to enhance the Central Bank of Nigeria’s technical capacity and modernize the country’s domestic payment infrastructure. The proposed CBN Technical Assistance Facility aims to support the integration of innovative technologies and data science into the CBN’s supervisory processes, helping to strengthen regulatory oversight […]

Oil and Gas

PETROAN accuses local refineries of importing substandard crude Oil

The Petroleum Products Retail Outlet Owners Association of Nigeria has accused some local refineries of importing substandard crude oil to cut costs. Speaking on Thursday, PETROAN’s National Publicity Secretary, Joseph Obele, alleged that these refineries are bringing in crude with high sulphur content, which poses serious environmental and health risks, according to The Punch. When […]

Energy

Nigeria reaffirms commitment to $5b Africa Energy Bank launch 

The Federal Government on Thursday reiterated its commitment to the swift launch of the $5 billion Africa Energy Bank, an initiative under the African Petroleum Producers’ Organisation. In a post on his X account, he Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, stated he led the Nigerian delegation to a meeting where […]

Substack expands video tools, adds livestream clip sharing
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Substack introduces video feed to challenge TikTok

Newsletter platform Substack is doubling down on video content with the launch of a scrollable video feed in its app, positioning itself among platforms embracing short-form video. The announcement comes amid growing uncertainty about TikTok’s future in the U.S., potentially opening opportunities for alternative platforms to capture audiences. The rollout follows Substack’s recent move to […]

Amazon launches general-purpose AI agent Nova Act
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Amazon launches general-purpose AI agent Nova Act

Amazon unveiled Nova Act on Monday, a general-purpose AI agent designed to autonomously navigate web browsers and execute basic tasks. Accompanying this launch is the Nova Act SDK, a developer toolkit for building AI-driven agent prototypes. Developed by Amazon’s newly established AGI lab in San Francisco, Nova Act will also serve as the backbone of […]

Tech giant Oracle faces scrutiny over handling of data breaches
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Tech giant Oracle faces scrutiny over handling of data breaches

Tech giant Oracle is under fire for its response to two separate data breaches, one of which remains ongoing despite the company’s denial of any security compromise. The second breach involves a cybersecurity incident affecting patient data under its healthcare subsidiary, Oracle Health. The latest reported breach involves Oracle Health, a division formed after Oracle’s […]

OpenAI makes ChatGPT free, expands access without sign-ups
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OpenAI faces $10b funding cut over failure to restructure

OpenAI could see its private funding round reduced by up to $10 billion if it doesn’t transition into a for-profit entity by December 31. The round, originally valued at $40 billion, would drop to $30 billion if the company fails to restructure, according to a source familiar with the situation who requested anonymity. The Wall […]

OpenAI mulls $500bn valuation in employee share sale talks
News

OpenAI disables video generation for new users amid capacity issues

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled video generation for new users of Sora, its suite of generative AI media tools. “We’re currently experiencing heavy traffic and have temporarily disabled Sora video generation for new accounts,” OpenAI […]

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