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Crude oil prices rise as Iran rules out

  • 17th August 2026

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

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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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Student loan: How to apply for NELFUND

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NELFUND caps loan repayment at 10% of graduates’ monthly

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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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Trump opens TikTok account amid pending ban deadline
News

TikTok expands e-commerce platform to France, Germany, Italy

TikTok is set to expand its e-commerce platform, TikTok Shop, to users in France, Germany, and Italy starting Monday. The platform, which launched in the United Kingdom in 2021, is now making a broader push into the European market, Reuters reported. While TikTok Shop is already available in the United States and saw strong sales […]

NNPCL moves to sell shares, seeks strategic partners
Oil and Gas

NNPCL moves to sell shares, seeks strategic partners

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the final stages of preparations for its anticipated listing on the capital market, in compliance with the Petroleum Industry Act 2021. In a statement released on Thursday in Abuja, NNPC Ltd’s Chief Corporate Communications Officer, Olufemi Soneye, disclosed that the company […]

Onne customs reports N643bn revenue for 2024
News

Customs to launch e-system for cash declaration, fight money laundering

The Nigeria Customs Service is preparing to launch an electronic system to streamline the declaration process for travelers carrying significant amounts of cash into or out of Nigeria. In an interview on Thursday, NCS spokesperson, Abdullahi Maiwada stated that this initiative aims to strengthen the country’s anti-money laundering framework and improve compliance with financial regulations, […]

Trump Media to raise $2.5bn for bitcoin investment
News

Germany slams Trump’s 25% car import tariffs

Germany’s economy minister and the auto industry criticized United States President, Donald Trump’s plan to impose a 25% tariff on car imports, calling it a “fatal signal” for free and rules-based trade. On Wednesday, Trump announced plans to impose tariffs on all imported vehicles and foreign-made auto parts, set to take effect on April 2. […]

Backlash as Benin DisCo heaps curses on electricity vandals, prepaid-meter bypassers
News

Backlash as Benin DisCo heaps curses on electricity vandals, prepaid-meter bypassers

The Benin Electricity Distribution Company has stirred controversy after publicly cursing individuals involved in vandalizing transformers and bypassing prepaid meters. In a post shared Wednesday on its official X (formerly Twitter) handle, BEDC wrote: “E no go beta for who dey vandalize transformer and who dey bypass.” The unusual statement quickly drew mixed reactions from […]

US considers equity stakes in chipmakers under CHIPS act
World

Porsche, Mercedes face $3.7bn hit as Trump imposes 25% tariff

Porsche AG and Mercedes-Benz Group AG are expected to be the hardest hit by President Donald Trump’s new 25% tariff on imported cars, set to take effect on April 3, 2025. The additional duties could cost the automakers around €3.4 billion ($3.7 billion), significantly impacting their projected 2026 earnings, according to Bloomberg. To counter the […]

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

Tinubu strengthens NCDMB with four new appointments

President Bola Tinubu has approved the appointment of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board. This decision aims to fill existing vacancies and enhance the board’s capacity to promote local content in Nigeria’s oil and gas industry. The announcement was made in a statement on Thursday by […]

Oil and Gas

Dangote still selling fuel in naira – PETROAN

The Petroleum Products Retail Outlets Owners Association of Nigeria on Wednesday confirmed that Dangote Refinery has not yet started selling petroleum products in dollars, despite earlier concerns. PETROAN President, Billy Gillis-Harry, stated on Arise Television that members of the association are still purchasing products in naira. Gillis-Harry said that despite talks of a possible suspension, […]

ChatGPT’s AI image feature delayed for free users
News

ChatGPT’s AI image feature delayed for free users

OpenAI CEO Sam Altman announced Wednesday that the rollout of ChatGPT’s highly anticipated AI image feature to free users has been delayed due to overwhelming demand. “Images in ChatGPT are wayyyy more popular than we expected (and we had pretty high expectations),” Altman stated in a post on X. The delay follows OpenAI’s announcement on […]

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

OpenAI projects positive cash flow by 2029 amid rising AI costs

Artificial intelligence company OpenAI has disclosed that its path to a cash-flow positive is until 2029, Bloomberg News reported on Wednesday, citing a person familiar with the matter. The artificial intelligence leader is contending with steep expenses associated with chips, data centers, and skilled talent required for the advancement of its cutting-edge AI systems, according […]

X poised for first ad revenue growth since Musk takeover
News

X poised for first ad revenue growth since Musk takeover

Elon Musk-owned social media platform X is on track to record its first year of advertising revenue growth since the billionaire acquired the company in 2022, according to data released Wednesday by research firm Emarketer. In 2025, X’s U.S. ad revenue is projected to grow by 17.5% to $1.31 billion, while global ad sales are […]

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