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

Contact Info

Some Populer Post

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

Samsung Co-CEO Han Jong-hee dies of heart attack
News

Samsung Co-CEO Han Jong-hee dies of heart attack

Samsung Electronics announced on Tuesday that co-CEO Han Jong-hee has died of a heart attack, leaving newly appointed chief executive Jun Young-hyun as the sole leader of South Korea’s largest company. The unexpected loss comes as Samsung works to revamp its struggling semiconductor division and navigate ongoing trade uncertainties. Han, 63, became CEO in 2022 […]

Alibaba, RedNote partner to streamline app shopping on Taobao
News

Alibaba to resume hiring as Xi’s meeting spurs confidence

Alibaba Group Chairman Joe Tsai announced on Tuesday that the company will restart hiring, citing renewed confidence following Chinese President Xi Jinping’s recent meeting with business leaders. Speaking at HSBC’s Global Investment Summit in Hong Kong, Tsai described the rare February gathering—attended by key Chinese tech figures, including Alibaba co-founder Jack Ma—as a strong signal […]

OpenAI COO to lead global expansion as Altman focuses on research
News

OpenAI COO to lead global expansion as Altman focuses on research

San Francisco-based artificial intelligence company OpenAI is ramping up its global expansion efforts, with Chief Operating Officer Brad Lightcap set to lead corporate partnerships and business strategy, CEO Sam Altman announced on Monday. The move comes as the Microsoft-backed startup seeks to strengthen its dominance in the rapidly evolving AI sector. Altman will shift his […]

featured

FG takes steps to prevent blackout amid mounting debt

The Federal Government has pledged to take necessary steps to clear the N4.7 trillion debt owed to power generation companies to prevent a nationwide blackout. Stakeholders have raised concerns that some GenCos may be forced to shut down due to liquidity challenges unless the government intervenes urgently to settle outstanding payments. In an interview, Minister […]

X’s engineering director Haofei Wang departs company
News

X’s engineering director Haofei Wang departs company

The director of engineering at X, Haofei Wang, has abruptly left the company, according to sources familiar with the matter. Wang, who joined Elon Musk’s X in July 2023, played a key leadership role and often served as a bridge between Musk and the company’s engineering team. In recent months, he was regarded internally as […]

Oil and Gas

Depot owners criticise FG’s naira-for-crude deal with Dangote refinery

The Executive Secretary of the Depot and Petroleum Products Marketers Association of Nigeria, Olufemi Adewole, has expressed opposition to the Federal Government’s policy of selling crude oil in naira to the Dangote Petroleum Refinery. Adewole argues that the “naira-for-crude oil transaction framework presents significant risks that could affect Nigeria’s foreign exchange stability and deter foreign […]

Dropbox faces investor pressure to end founder control
News

Dropbox faces investor pressure to end founder control

Cloud storage provider Dropbox is under pressure from activist investor Half Moon Capital to eliminate its dual-class share structure, which grants CEO and co-founder Drew Houston a voting supermajority, according to a report by The Wall Street Journal on Monday. Half Moon Capital, a small hedge fund, has criticized Dropbox’s slowing revenue growth and its […]

FG demands applicants' NINs for trade grants
News

FG cracks down on illegal NIN card printing

The Federal Government has launched a clamp down on individuals and organizations illegally printing National Identification Number cards. The National Identity Management Commission has warned that offenders would face legal action, noting that cyber cafés and other entities have been producing fake NIN cards and charging unsuspecting Nigerians high fees. NIMC emphasized that only authorized […]

Nigerians spent N509.84bn on electricity in Q4 2024 - NERC
News

Nigerians spent N509.84bn on electricity in Q4 2024 – NERC

Nigerians spent a total of N509.84 billion on electricity in the last quarter of 2024, marking an increase from the N466.69 billion spent in the third quarter, according to data from the Nigerian Electricity Regulatory Commission. Despite the improved revenue collection, electricity distribution companies still recorded a combined loss of N139.08 billion due to inefficiencies […]

Paystack launches app focused on bank transfers
News

Paystack launches app focused on bank transfers

Leading fintech company Paystack has unveiled its latest product, Zap, a consumer payment app designed for instant and secure transactions. The announcement was made during a live-streamed event on Paystack’s official YouTube channel, signaling the company’s ambition to reshape the digital payments landscape in Nigeria and beyond. Unlike many existing digital wallets and mobile money […]

FBI implicates Nigerians in $50m fraud scheme
News

FBI implicates Nigerians in $50m fraud scheme

The Federal Bureau of Investigation and the Internal Revenue Service have identified two Nigerians, Solomon Aluko and Nosakhare Nobore, among six individuals linked to a $50 million fraud case in the United States. According to the U.S. Department of Justice, the suspects, all based in the U.S., face multiple charges and could each receive a […]

Apple to introduce ultra-low latency audio to AirPods Max
News

Apple to introduce ultra-low latency audio to AirPods Max

Apple announced on Monday that it will introduce lossless audio and ultra-low latency audio support for AirPods Max headphones when using the included USB-C cable. The update, set to roll out in April, aims to enhance audio quality for both music listeners and creators. With the upcoming firmware update, AirPods Max will support 24-bit, 48 […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in