Business

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

News

EU gives Nigeria €1.5m to fight cholera outbreak

Helth

Ecobank retains retirement age, removes director tenure limit

Banking

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Transcorp top gainers chart as NGX closes at 78,020.54 points
Business featured

NGX rebounds as 2024 dividend declarations spur ₦437bn growth

Dividend announcements for the 2024 financial year by corporate Organisations reversed the downward trend on the Nigerian Exchange, generating a ₦437 billion gain for investors. By the end of the week, the NGX All-Share Index rose by 0.66% to 105,660.64, while market capitalization reached ₦66.26 trillion. Also, all other indices closed higher, except the NGX […]

NDIC chases Heritage Bank debtors
Banking

NDIC to pay first tranche of Heritage Bank liquidation dividends

The Nigeria Deposit Insurance Corporation has announced that the first tranche of liquidation dividends for uninsured depositors of the defunct Heritage Bank will be paid in April 2025. This was disclosed in a press statement issued on Sunday by the Acting Head of Communication & Public Affairs, NDIC, Hawwau Gambo. According to the statement, the […]

Business

Revenue agencies owe FG N9.3tn unremitted funds – FG

The Nigeria Extractive Industries Transparency Initiative has disclosed that revenue-generating agencies owe the government N9.3 trillion in unremitted liabilities. According to NEITI’s 2023 industry report, this amount could cover approximately 72% of the Federal Government’s projected N13 trillion budget deficit for 2025. NEITI Executive Secretary, Orji Ogbonnaya Orji, disclosed this during a briefing on the […]

Eni gets approval to sell Nigerian Agip Oil to Oando
News

US cancels Italy’s Eni permit for Venezuelan gas production

Italy’s Eni confirmed on Sunday that United States authorities had informed the company it would no longer be permitted to receive oil from Venezuela’s state-run PDVSA as repayment for gas production. Reuters reported on Saturday that the U.S. government had notified PDVSA’s foreign partners, including Eni, of its decision to revoke authorizations allowing them to […]

TikTok removes more Universal Music songs as conflict worsens
featured

TikTok Shop hits 47m shoppers, redefining online retail

TikTok Shop has rapidly gained traction despite entering the market late. Launched in the United States in 2023, it has attracted 47 million shoppers who collectively spend $32 million daily, according to Capital One Shopping. The platform combines Temu’s low prices with the social shopping experience of Instagram and Facebook, making it a formidable player […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
News

Tech billionaires lose $34.4bn amid market sharp decline

Tech billionaires have collectively lost $34.4 billion in net worth as technology stocks suffered a sharp decline. Leading the losses was Meta CEO Mark Zuckerberg, whose fortune shrank by $8.8 billion, according to Forbes’ real-time billionaire index. Amazon founder Jeff Bezos followed closely, seeing his wealth drop by $7.9 billion. Google co-founders Larry Page and […]

Banking

Zenith Bank’s e-banking revenue soars 54.51% to ₦80.05b in 2024

Zenith Bank’s electronic banking revenue grew by 54.51% in 2024, reaching ₦80.05 billion, up from ₦51.8 billion in 2023. This significant increase highlights the rising adoption of digital banking services. The figures were revealed in Zenith Bank’s unaudited financial statement for the year ended December 31, 2024. Electronic fees include income from ATM withdrawals, balance […]

featured

FG strengthens port, border surveillance to combat illegal wildlife trafficking

The Federal Government has announced plans to strengthen surveillance at airports, seaports, and land borders to curb illegal wildlife trafficking. This was disclosed in a statement by the Spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, in Abuja, on Saturday. This follows the recent discovery of a baby gorilla smuggled from Nigeria by […]

Police arraign suspect over Bumpa co-founder Teejay Opayele's death
News

Police arraign suspect over Bumpa co-founder Teejay Opayele’s death

The Lagos State Police Command has confirmed the arraignment of Abiola Odutayo in connection with the death of Adetunji Opayele, co-founder of Bumpa, popularly known as Teejay. Opayele, 32, lost his life in a tragic road accident on March 4, 2025, an incident that has sparked widespread public concern. According to a statement released on […]

News

NESG urges FG to maintain 2.2mbpd oil output for 2025 budget

The Nigeria Economic Summit Group has recommended that the Federal Government sustain crude oil production at 2.2 million barrels per day to ensure the feasibility of the 2025 budget and stabilize the economy. The NESG’s Chief Executive Officer, Dr. Tayo Aduloju, emphasized this during a media briefing on the group’s 2025 strategic vision and private […]

FG deducts N256.5bn for gas projects in six months
featured

Tinubu approves Investment and Securities Act 2024

President Bola Ahmed Tinubu has enacted the Investment and Securities Act 2024, a significant advancement in Nigeria’s capital market reforms. This new legislation repeals the Investments and Securities Act No. 29 of 2007, aiming to fortify the legal and regulatory framework governing investments and capital market operations in the country. In a statement on Friday, […]

YouTube tests two-person premium subscription in select countries
News

YouTube to cut notifications for channels with low engagement

YouTube has launched a new test that could prevent users from receiving push notifications for channels with frequent uploads, even if they have opted to receive all alerts. According to an announcement from TeamYouTube, the experiment affects channels where users have notifications set to “all” but have not been engaging with recent alerts. The test […]

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