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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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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

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Over 200 KASU lecturers resign over poor service conditions

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Aviation

NCAA grants Air Algérie operating permit for Algeria-Nigeria-Douala route

The Nigeria Civil Aviation Authority has granted Air Algérie a Foreign Carrier Operating Permit, enabling the airline to operate on the Algeria-Nigeria-Douala route. The inaugural flight is set for April 6, 2025. The announcement, made on March 25, 2025, follows a high-level meeting between NCAA Director General, Capt. Chris Najomo, and Algerian Ambassador, His Excellency […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
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Court rules FirstBank-GHL dispute Is debt recovery, not maritime claim

The Federal High Court has ruled that the ongoing legal battle between FirstBank and GHL is not a maritime claim but a straightforward case of debt recovery in a surprising development. This shift in the court’s interpretation comes despite FirstBank’s assertion that GHL was attempting to fraudulently sell crude oil stored on the FPSO Tamara Tokoni. […]

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Businessman arraigned for alleged $299,000 money laundering collapses in court

A businessman, Sunday Okorie, collapsed in court on Wednesday while standing in the dock. He had been arraigned before the Federal High Court in Lagos on Tuesday, facing charges of failing to declare $299,000 and possessing counterfeit foreign currency. Justice Deinde Dipeolu had ordered Okorie to be remanded in custody after he pleaded not guilty […]

News

Oil firm sues CBN N4.1bn over alleged fraudulent receivership

Zumax Nigeria Limited has filed a N4.1 billion lawsuit against the Central Bank of Nigeria in the Federal High Court in Lagos, accusing the CBN of gross negligence and complicity in a fraudulent receivership. The company claims the CBN failed in its duty to supervise banks and protect customer interests, leading to significant financial losses. […]

CBN fines Moniepoint, OPay ₦1bn in regulatory crackdown
Economy

Money supply drops to ₦110.3tn in February 

Money supply dropped to ₦110.3 trillion in February, marking a three-month low. This decrease followed the Central Bank of Nigeria’s efforts to manage inflation by mopping up liquidity from the economy. Data from the CBN showed that money supply decreased by 0.6% month-on-month, falling to ₦110.32 trillion in February 2025. This represented a ₦622.9 billion […]

Abia gov Otti extends tribute eulogizing Herbert Wigwe
Agribusiness

Abia, Israeli firm partner to boost agricultural value chain

The Abia State Government is set to collaborate with an Israeli firm to enhance agricultural value chains, particularly in poultry, piggery, and other livestock ventures. As part of this initiative, Governor Alex Otti has announced plans to revive the dormant Ogwe Golden Chicken in Ukwa West Local Government Area to drive economic growth. He also […]

Dell technologies slash workforce by 10%
News

Dell technologies slash workforce by 10%

Dell Technologies announced a 10% reduction in its workforce for fiscal 2025, according to its latest annual report released on Tuesday. The company reported approximately 108,000 employees as of January 31, down from about 120,000 the previous year, as it continues efforts to streamline operations and reduce costs. These measures include limiting external hiring and […]

UN agencies warn of rising threats to satellite navigation systems
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UN agencies warn of rising threats to satellite navigation systems

The International Civil Aviation Organization, the International Telecommunication Union, and the International Maritime Organization have issued a joint statement expressing “grave concern” over the increasing number of jamming and spoofing attacks disrupting vital satellite navigation systems globally. The agencies cautioned that such interference poses serious risks to aviation safety, maritime operations, and emergency response systems. […]

AfDB launches new country strategy to boost agriculture in Nigeria
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AfDB launches new country strategy to boost agriculture in Nigeria

The African Development Bank Group has unveiled a new Country Strategy Paper aimed at boosting agriculture and enhancing economic growth in Nigeria. A delegation led by Dr. Abdul Kamara, Director General of AfDB’s Nigeria Country Department, recently met with Nigeria’s Finance Minister, Wale Edun, to strengthen collaboration in key sectors. Dr. Kamara highlighted the launch […]

Microsoft unveils deep research AI tools in Copilot
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Microsoft unveils deep research AI tools in Copilot

Microsoft is rolling out a new “deep research” AI-powered tool within its Microsoft 365 Copilot suite, enhancing its AI chatbot capabilities. This move follows the recent launch of similar tools by other tech giants, including OpenAI’s ChatGPT, Google’s Gemini, and xAI’s Grok. These AI tools are driven by advanced “reasoning models,” which enable them to […]

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