Business

Private sector confidence rises as agriculture drives April

  • 5th May 2026
First Bank lays off 100 senior staff in restructuring move

Nestoil to sue First Bank, media houses over

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Maersk confirms safe passage of ship through Hormuz

  • 5th May 2026

Victoria Island leads Lagos hotel boom with 10

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Google employees vote to unionise over US Military AI

Tech
Hackers breach North Korean spy group’s computer

Hackers target education tech firm in major data breach

Tech

Tinubu seeks senate approval for Joseph Tegbe as power

Electricity
MTN Nigeria Chief Executive Officer, Karl Toriola reaffirmed the company's commitment to increasing affordability and accessibility of mobile phones in Nigeria.

MTN leads as telcos battle for data network supremacy

Telecommunications

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Tech

Cloudflare warns bots could surpass human web traffic by 2027

Cloudflare Chief Executive Officer Matthew Prince has warned that bots are rapidly reshaping internet traffic patterns and could surpass human activity online by 2027. Speaking at the SXSW in Austin this week, Prince said the acceleration of artificial intelligence is driving a major shift in how the web is used. He explained that AI-powered bots […]

OpenAI unveils GPT-5 amid rising industry investment
Tech

OpenAI to unify AI tools in new desktop super app strategy

OpenAI is planning to merge its web browser, ChatGPT app, and Codex coding tool into a single desktop “super app.” According to a spokesperson, OpenAI CEO of Applications Fidji Simo will lead the initiative with support from President Greg Brockman, CNBC reported. The unified app is designed to streamline the user experience and reduce product […]

Opay, Piggyvest, others rank among CNBC's world's top 300 fintechs
Business

Regulators, banks, fintechs to tackle digital commerce trends 

Regulators, banks, and fintech operators will gather at the third edition of the Payments Forum Nigeria to explore emerging trends in digital commerce, including the growing impact of artificial intelligence and financial inclusion on Nigeria’s payments ecosystem. Scheduled for Friday, 24 April 2026 at the Oriental Hotel, PAFON 3.0 is expected to host over 600 […]

featured

Adelabu assures improved power supply as government tackles gas shortage

The Minister of Power, Adebayo Adelabu, has assured that Nigerians will soon experience improved electricity supply as the Federal Government works to resolve gas shortages affecting power generation. In his Eid-el-Fitr message on Thursday, he said recent government interventions are beginning to ease long-standing gas supply constraints that have hindered electricity output nationwide. He added […]

Investment

UK-Nigeria seal new export deals during Tinubu’s historic visit

The United Kingdom and Nigeria have sealed new export agreements as both countries committed to elevating their economic partnership. UK Prime Minister Keir Starmer announced the development on Thursday during a bilateral meeting with President Bola Tinubu at 10 Downing Street. The meeting took place on the second day of President Tinubu’s historic state visit […]

featured Oil and Gas

Nigeria spent ₦8.96tn on petrol imports in 2025 — NBS

Nigeria’s dependence on imported petrol continued throughout 2025, as oil marketers spent N8.96 trillion on Premium Motor Spirit imports from January to December, despite growing investments in local refining capacity. An analysis of the latest foreign trade data released by the National Bureau of Statistics on Thursday revealed that petrol, classified as “Motor spirit ordinary,” […]

Business

Nigeria, UK sign deportation agreement for failed asylum seekers, convicted criminals

Nigeria has entered into a new agreement with the United Kingdom that will enable Britain to deport thousands of failed asylum seekers and convicted criminals to the West African nation. The deal was signed by Interior Minister Olubunmi Tunji-Ojo and Home Secretary Shabana Mahmood during President Bola Tinubu’s state visit to the UK, the Home […]

Aviation

Airlines face possible cancellations as fuel supply tightens

Airlines may be forced to cancel long-haul flights next month amid an expected jet fuel shortage. The warning was revealed in an exclusive report by The Times and shared by its Political Editor, Steven Swinford, on X. Industry experts say the looming shortage could disrupt services to major international destinations as fuel stockpiles decline and […]

OpenAI unveils GPT-5 amid rising industry investment
featured Tech

OpenAI acquires Astral in move to boost developer tools

OpenAI on Thursday announced it is acquiring Astral, a small startup known for building popular open-source tools for software developers. Astral’s team will join OpenAI to support the development of its AI coding assistant, Codex. The companies did not disclose the financial terms of the deal. “Through it all, though, our goal remains the same: […]

Business

Dangote refinery drives $3.74bn crude import shift

Nigeria imported $3.74 billion worth of crude oil in 2025 for processing at the Dangote Petroleum Refinery, highlighting a shift in the country’s oil trade pattern as domestic refining capacity grows. This was revealed in the Central Bank of Nigeria’s 2025 Balance of Payments report, which noted that “crude oil imports of $3.74 billion by […]

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