Business

NPA retirees threaten nationwide protest over 16 years

  • 20th April 2026

Hormuz vessel traffic slumps after brief weekend surge

  • 19th April 2026

FG borrows N100bn from unclaimed dividends

  • 19th April 2026

New mini-grid rules will unlock renewable energy expansion

  • 19th April 2026

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Naira closes week stronger at N1,534.72/$ 

Naira strengthens to ₦1,348/$ amid US-Iran war uncertainties

featured Finance

NPA retirees threaten nationwide protest over 16 years unpaid

Business
Anthropic counters OpenAI with $1 AI offer to government branches

US deploys Anthropic AI tool despite Pentagon risk concern

Tech
Jeff Bezos' Blue Origin to lay off 10% workforce

Blue Origin’s New Glenn misplaces customer satellite during third

Tech

Blog

World

Nigeria’s bank recapitalisation timely amid global financial risks — IMF

The International Monetary Fund has described Nigeria’s recently concluded bank recapitalisation exercise as a critical buffer against rising global financial risks, noting that stronger capital positions will help the banking system withstand external shocks. The financial counsellor and director of the Monetary and Capital Markets Department at the IMF, Tobias Adrian, made this assessment while […]

Electricity

Benin, Togo, Niger owe Nigeria $9.55m for electricity supply

Three West African nations, Benin, Togo and Niger have failed to remit a combined $9.55 million to Nigeria for electricity supplied in the fourth quarter of 2025. Data from the Nigerian Electricity Regulatory Commission’s fourth-quarter 2025 report show that the market operator issued invoices totalling $20.44 million to the three countries under international bilateral arrangements. […]

Business

Oil slides further on US-Iran talks optimism

Oil prices continued their downward trend after closing sharply lower on Tuesday, driven by growing optimism that the conflict in the Middle East may be moving toward a diplomatic resolution. United States crude futures for May delivery slipped 0.88 per cent to $90.40 per barrel as of 8:35 p.m. ET, while Brent crude for June […]

Amazon plans stand-alone app for payments in India
Tech

Amazon to acquire satellite firm in $11.57bn move to challenge Starlink

Amazon said on Tuesday it will acquire a satellite company in an $11.57 billion deal, strengthening its emerging space operations as it seeks to compete with Elon Musk’s Starlink. The agreement gives Amazon access to Globalstar’s network of about two dozen satellites, advancing its efforts to challenge SpaceX’s Starlink service, which currently operates roughly 10,000 […]

Tech

Rockstar Games hit by second cyberattack in three years

Rockstar Games, the studio behind Grand Theft Auto, has been hit by a cyberattack for the second time in three years. A hacker group known as ShinyHunters has threatened to leak data stolen from the company if its ransom demands are not met. The group initially set a 14 April deadline for Rockstar to open […]

Tech

Goldman Sachs closely monitoring Anthropic’s Mythos model over security concerns – CEO

Goldman Sachs CEO David Solomon said he is “hyper-aware” of Anthropic’s Mythos AI model and is working closely with the company after it raised cybersecurity concerns about the system. The United States bank has been tracking rapid advances in artificial intelligence, including large language models, as part of broader efforts to defend against cyber threats. […]

FAAC funds to FG, states hit 7-year high in 2023
Finance

Nigeria loses 41% revenue to deductions before FAAC sharing — W’Bank

Nigeria’s federation revenues rose to N84 trillion over the past three years, but 41 per cent of these earnings was lost to pre-distribution deductions, significantly shrinking what is eventually shared among the three tiers of government, findings by The PUNCH have revealed. Latest fiscal data obtained from the World Bank’s Nigeria Development Update, analysed by […]

Economy

Tinubu’s reforms prevented 120% inflation in Nigeria — NRS boss

The Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, on Tuesday said inflation in Nigeria could have risen as high as 120 per cent without the sweeping economic reforms introduced by the Federal Government. Adedeji stated this in Abuja during the commissioning of the NRS headquarters, noting that the reforms helped to stabilise prices […]

featured Opinion

US-Israel-Iran war worsening economic woes of Nigeria, others — G24

The G-24 has expressed deep concern over multiple political crises and conflicts across the world, warning that the escalating war in the Middle East is worsening global economic fragility and undermining growth prospects, particularly for emerging markets and developing countries. Nigeria and many other nations in Africa and across the world are categorised as developing […]

Electricity

Eko, Kano DisCos record highest power sector fatalities in Q4 2025

Electricity distribution companies recorded all power sector accidents in the fourth quarter of 2025, with Eko and Kano topping the fatality chart as 26 persons lost their lives, according to the Nigerian Electricity Regulatory Commission. The commission expressed concerns that deaths are being recorded at the distribution segment of the value chain, though it disclosed […]

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