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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Student loan: How to apply for NELFUND

featured Finance

NELFUND caps loan repayment at 10% of graduates’ monthly

Finance

Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

News

Blog

Electricity

DisCos’ revenue hits N509.84bn in Q4 2024 amid efficiency boost

The Nigerian Electricity Regulatory Commission reported that Electricity Distribution Companies collected N509.84 billion out of the N658.40 billion billed in Q4 2024. This represents a collection efficiency of 77.44%, an improvement from the previous quarter. This was disclosed in NERC’s 2024 Fourth Quarter Report, published on its website in Abuja on Tuesday. The Q4 2024 […]

Private sector laments loan repayment as interest rate hits 26.26%
Economy

Cardoso confirms positive steps in FX market stabilization

Governor Olayemi Cardoso of the Central Bank of Nigeria has expressed optimism about the progress in stabilizing the foreign exchange market and controlling inflation. He noted that recent policy reforms are beginning to show positive results. Cardoso made this disclosure during an interaction with scholars from the Harvard Kennedy School at the CBN headquarters in […]

US Embassy in Nigeria moves to new visa service provider
Travel

JAPA: US warns Nigerians against visa overstay, threatens permanent ban

The United States diplomatic mission in Nigeria has warned that individuals who overstay their visas may face a permanent ban. In a post on X (formerly Twitter) on Monday, the mission stated that consular officers have full access to applicants’ immigration history and can detect past violations, which could impact future visa applications. “If you […]

News

Africa Plus Partners, FG begin Benin-Asaba expressway redevelopment

Arica Plus Partners, in collaboration with the Federal Ministry of Works, has officially launched the redevelopment of the 125km Benin-Asaba Expressway under the Highway Development and Management Initiative. According to the statement, as part of HDMI Phase 1, this project is a key component of the Federal Government’s efforts to ensure sustainable development, efficient maintenance, […]

Emirates to resume Nigerian flights Sept 11
Aviation

Emirates Airlines pledges long-term commitment to Nigeria

Emirates Airlines has reaffirmed its long-term commitment to Nigeria despite concerns over low load factors on its Dubai-Lagos route. The airline dismissed speculation about withdrawing services, signaling confidence in the Nigerian market. According to the statement signed by the management in Dubai, Emirates Airlines stated that since resuming Lagos operations last year, it has maintained […]

FG seeks investors for nationwide fibre optic project
News

FG seeks investors for nationwide fibre optic project

The Federal Ministry of Communications, Innovation, and Digital Economy has launched an investor consultation process, inviting private sector players to express interest in a Special Purpose Vehicle aimed at deploying 90,000 kilometers of fibre optic cables across Nigeria. The initiative, known as Project Bridge: Building Resilient Digital Infrastructure for Growth, was announced in a consultation […]

Oil and Gas

Shell to increases payouts, trim costs to focus on LNG growth

British oil major, Shell on Tuesday announced plans to increase shareholder returns and cut spending while expanding its liquefied natural gas business. Ahead of its Capital Markets Day 2025, Shell announced plans to increase shareholder distributions to 40-50% of cash flow from operations, up from the previous 30-40% range. The company will maintain a 4% […]

Meta Quest VR headsets to feature window-sharing
News

Meta Quest VR headsets to feature window-sharing

A potential new feature for Meta Quest VR headsets has been discovered in the system’s code, suggesting users may soon be able to share 2D windows with others in their virtual space. The discovery was first reported by UploadVR after a deep dive into the operating system. The feature was uncovered by a VR enthusiast […]

MultiChoice denies DStv, GOtv subscription prices claims
News

NGO rejects claims of cheaper DStv subscription in S’Africa

The Association for the Defense of the Nigerian Economy has dismissed claims that MultiChoice unfairly raised DStv prices in Nigeria while lowering them in South Africa, calling the allegations misleading and economically shallow. The group urged Nigerians to consider actual price data and exchange rates before drawing conclusions. ADNE argued that MultiChoice’s pricing adjustments reflect […]

Nigeria Exchange in decline two weeks in a row
Business

NGX trading activity drops 16.07% in february as foreign investors exit

The Nigerian Exchange Limited experienced a sharp decline in trading activity in February 2025, with total transactions dropping by 16.07% to N509.47 billion from N607.05 billion in January. The decline was largely driven by a significant withdrawal of foreign investors, whose transactions fell by 40.36%, from N71.51 billion to N42.65 billion during the month. Data […]

TikTok launches feature for quality sleep amid lawsuits
News

US senators advice Trump on how to avoid TikTok shutdown

Three Democratic senators are calling on President Donald Trump to collaborate with Congress to prevent TikTok from being banned in the U.S. after April 5th. Senators Ed Markey, Chris Van Hollen, and Cory Booker argue that Trump’s approach—delaying enforcement through executive action—puts TikTok’s service providers at risk of massive legal liability. The law, passed overwhelmingly […]

Microsoft launches AI agents to help distressed humans
News

Microsoft launches AI agents to help distressed humans

Microsoft is enhancing its AI-driven Security Copilot with the introduction of autonomous agents designed to assist security teams in managing growing cybersecurity threats. Launched a year ago as a chatbot for security operations, the Security Copilot will now feature six Microsoft-developed AI agents and five additional agents created in collaboration with industry partners. The six […]

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