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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

Finance

Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

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Global Gas condemns Shell’s completion of sale to Renaissance

Global Gas and Refining Limited has criticized the Sale and Purchase Agreement between the Renaissance consortium and Shell Petroleum Development Company, calling it intolerable. The Chairman of Global Gas, Mr. Kenneth Yellowe, made this disclosure in a statement in Abuja, adding that the move was an affront to the Nigerian judiciary as well as a […]

Trans-Niger pipeline resumes operations after blast
News

Trans-Niger pipeline resumes operations after blast

Operations on the Trans-Niger Pipeline in Bodo, Gokana Local Government Area, have resumed following repairs after a recent explosion. The Nigerian National Petroleum Company Limited also dismissed reports of an explosion at the Port Harcourt Refining Company, clarifying that the incident was a controlled flare that posed no danger. Meanwhile, security operatives have arrested a […]

Shippers protest excessive dollar charges in Nigeria
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Shippers protest excessive dollar charges in Nigeria

The Shipping Association of Nigeria has raised alarm over the growing financial burden caused by excessive dollar transactions in the country’s maritime sector. Speaking at a press conference over the weekend at the Lagos Yacht Club, Victoria Island, SAN Chairperson Mrs. Boma Alabi (SAN) highlighted how exchange rate disparities between the naira and the US […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
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65.5% of Nigerians favor lower lending rates – CBN Survey

A recent Household Expectations Survey conducted by the Central Bank of Nigeria in February 2025 has revealed that 65.5% of Nigerians support a reduction in lending rates, believing it would benefit the economy. The survey, which assesses public perception on key economic indicators such as inflation, interest rates, exchange rates, and overall economic confidence, provides […]

News

Bumpa Co-Founder Adetunji Opayele passes away

Nigerian e-commerce startup Bumpa has announced the passing of its co-founder and Chief Technology Officer, Adetunji Opayele. Fondly known as “TeeJay,” Opayele reportedly lost his life in a car accident. Opayele co-founded Bumpa alongside Kelvin Umechukwu in 2021 with the goal of helping small and medium-sized businesses across Africa streamline their operations. The platform enables […]

FG approves Air Peace for direct Nigeria-Brazil flights as strategic aviation routes
Aviation

Air Peace cuts Lagos-London fare by ₦600,000, adds extra luggage benefit

Air Peace has unveiled a special promotional offer granting travelers up to ₦600,000 in discounts on flights from various Nigerian cities to London. The limited-time deal also includes an additional piece of luggage at no extra cost, enhancing affordability and convenience for passengers. The airline’s Head of Corporate Communications, Dr. Ejike Ndiulo, announced the promotion […]

News

Colombian finance minister resigns after clash with President over budget

Colombian Finance Minister Diego Guevara has stepped down following disagreements over budget cuts with President Gustavo Petro, adding to concerns about the country’s fragile public finances. Guevara, who had served just over three months in the role, announced his resignation on Tuesday via a post on X, stating that he had a “calm and friendly” […]

Shipping crisis stalls Dangote fuel distribution
featured Oil and Gas

Dangote Refinery halts naira sale of petrol products

Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in naira, citing the need to align its revenue with crude oil purchase obligations, which are settled in U.S. dollars. In a notice issued to petroleum marketers on Wednesday, the refinery explained that the decision was driven by a mismatch between its naira-based sales […]

Oil and Gas

FG unveil Nigeria’s first modular LPG plant, 20MW gas project

The Federal Government has inaugurated Nigeria’s first modular Liquefied Petroleum Gas extraction plant and a 20-megawatt gas-to-power project in Rivers State, marking a significant milestone in the country’s gas sector. The Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, commissioned the projects at the Otakikpo field, describing them as a transformative step […]

Two Chinese charged for shipping US AI chips to China
News

Nvidia partners Disney, Google DeepMind for robotics engine

Nvidia has announced a groundbreaking collaboration with Disney Research and Google DeepMind to develop Newton, a cutting-edge physics engine designed to simulate robotic movements in real-world environments.   The announcement was made by Nvidia CEO Jensen Huang during his keynote address at the GPU Technology Conference 2025 on Tuesday.   Disney will be among the […]

News

NASA astronauts return to earth after nine-month space stay

NASA astronauts Sunita “Suni” Williams and Barry “Butch” Wilmore have safely returned to Earth after a prolonged nine-month mission aboard the International Space Station. Their return, originally scheduled for a much shorter stay, was delayed due to technical issues with Boeing’s Starliner spacecraft. Williams and Wilmore completed their journey back aboard a SpaceX Dragon capsule, […]

Samsung blames US AI chip sanctions for profit slump, shares dip
News

Samsung electronics eyes major deals as shareholder pressure hits

Samsung Electronics has announced plans to pursue significant mergers and acquisitions to drive growth, following sharp criticism from shareholders over its lagging performance in the artificial intelligence boom. The announcement was made during the company’s annual general meeting in Suwon, South Korea, where executives faced tough questions about its weak earnings and declining stock prices. […]

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