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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

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

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Technology

SpaceX launches new crew to relieve stranded ISS astronauts

NASA and SpaceX successfully launched the Crew-10 mission to the International Space Station on Friday, from Launch Complex 39A at NASA’s Kennedy Space Center in Florida. This mission carries four astronauts: NASA’s Anne McClain and Nichole Ayers, Japan’s Takuya Onishi, and Russia’s Kirill Peskov. The SpaceX Crew-10 mission is scheduled to dock with the ISS […]

Aviation

Kenya Airways records 10,000 Nigerian passengers in 2024

Kenya Airways has revealed that it transported over 10,000 passengers from Nigeria between 2023 and 2024, with Nigerians ranking among its top frequent fliers. The airline emphasized that this underscores the strategic importance of the Nigerian market to both the company and the Kenyan government. Speaking at a press conference in Lagos, Kenya Airways’ Regional […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote refinery receives fresh crude supply from NNPCL

The Federal Government has increased crude oil supply to the Dangote Petroleum Refinery to boost local refining. This comes as the refinery reduces its loading gantry price from N825 to N815 per litre. Experts highlight that crude oil supply to the Dangote Refinery is key to boosting local refining and increasing domestic production capacity. An […]

Trump considers sanctions against China’s DeepSeek
News

China tightens oversight on AI startup DeepSeek

China is reportedly increasing its scrutiny of homegrown artificial intelligence startup DeepSeek, viewing it as a potential tech success story amid rising global competition. The Beijing-based company has come under tighter government-influenced restrictions following its rapid rise in January with the launch of its open-source “reasoning” model, R1, The Information reported. Some employees are reportedly […]

IPhones, Android text messages to get enhanced encryption
News

IPhones, Android text messages to get enhanced encryption

In a significant move towards enhancing digital privacy, text messages sent between iPhones and Android devices will soon feature end-to-end encryption. This development follows the GSM Association’s release of new specifications for the Rich Communication Services protocol, which now includes cross-platform E2EE support. RCS aims to modernize traditional SMS-style messaging by offering advanced features such […]

Gold surpasses $3K per ounce first time ever
News

Gold surpasses $3K per ounce first time ever

Gold prices soared past the historic $3,000 per ounce mark for the first time on Friday, extending a record-breaking rally driven by mounting trade tensions and growing expectations of U.S. interest rate cuts, reinforcing the metal’s status as a safe-haven asset. Spot gold rose 0.4% to $3,000.39 per ounce as of 10:31 GMT. This milestone […]

Oil and Gas

Marketers losing money over Dangote, NNPC price war, IPMAN laments

The ongoing price competition between the Nigerian National Petroleum Company Limited and Dangote Petroleum is creating challenges for members of the Independent Petroleum Marketers Association of Nigeria. While consumers benefit from lower fuel prices, IPMAN members said there struggle with frequent and unpredictable price changes, making business operations difficult. Speaking in Awka on Friday, the […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
Economy

Naira falls to ₦1,590 in black market amid dollar shortage

The Nigerian naira fell to ₦1,590 per US dollar in the parallel market on Friday, due to a shortage of dollars. Bureau De Change operators say they are not receiving enough dollars from commercial banks, despite the Central Bank of Nigeria’s directive to improve forex supply. The CBN had initially allowed BDC operators to buy […]

EU rules out fee for tech giants under digital markets act
News

EU commits €46m to boost social protection in Nigeria

The European Union has committed €46 million to support Nigeria’s social protection system through the “Sustainable Social Protection System in Nigeria” program. Launched at the United Nations House in Abuja, this three-year initiative aims to strengthen social safety nets, initially focusing on four states: Abia, Benue, Oyo, and Sokoto. According to a statement by the […]

Nigeria expecting $2.2bn loans from World Bank - Minister
Energy

FG calls for increased private sector investment in energy

The Federal Government has called for increased private investment in the energy sector to drive universal access at the Sustainable Energy for All Global Forum in Barbados. This was disclosed in a statement on the government’s official X (formerly Twitter) handle following an event themed “ SEforALL Forum” on Friday. The Finance Minister and Coordinating Minister […]

E-commerce

USPS partners Musk’s DOGE team to tackle financial woes

United States Postmaster General, Louis DeJoy, informed Congress that he signed an agreement with Elon Musk’s DOGE government reform team to help the financially struggling agency address significant challenges. USPS, an independent government agency with 635,000 employees, reported a $9.5 billion loss last year. In a letter to Congress, DeJoy stated that USPS plans to […]

12 hospitalized after American Airlines plane catches fire
Aviation

12 hospitalized after American Airlines plane catches fire

Twelve people were hospitalized with minor injuries after an American Airlines flight caught fire while taxiing at Denver International Airport on Wednesday, shortly after an emergency landing prompted by reports of “engine vibrations,” airline officials said. Dramatic footage shared on social media showed passengers standing on the wings of the Boeing 737-800 as flames engulfed […]

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