Business

US tightens green card screening with new public

  • 19th August 2026

Christ Embassy enters vehicle market, unveils electric cars

  • 19th August 2026

Nigeria’s IMTO inflows surge 45% to record $1.29bn

  • 19th August 2026

NSDC mobilises $1bn for sugar self-sufficiency

  • 18th August 2026

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FG spent N9.39tn on wage hike, allowances in 31

Finance

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Tech

FG reveals ₦15.8tn gains from subsidy, FX reforms

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Policy and Regulations

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OpenAI mulls $500bn valuation in employee share sale talks
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OpenAI to charge up to $20,000 a month for specialized AI ‘agents’

OpenAI may soon launch a range of specialized AI “agents,” with prices reaching as high as $20,000 per month, according to a report by The Information. The AI company is said to be developing various agent products tailored for specific tasks. These include a “high-income knowledge worker” agent, reportedly priced at $2,000 monthly, and a […]

YouTube tests two-person premium subscription in select countries
News

YouTube introduces ad free plan to compete with Netflix, Disney

Alphabet Inc.’s YouTube has unveiled a new $7.99 monthly subscription service, “Premium Lite,” designed for users seeking an ad-free experience for most videos — excluding music content. This move positions YouTube to more directly rival streaming giants like Netflix and Disney. The “Premium Lite” plan caters to viewers who rarely watch music videos or use […]

ByteDance increases share buyback offer amid TikTok uncertainty
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ByteDance increases share buyback offer amid TikTok uncertainty

The Chinese parent company of TikTok, ByteDance, has launched a new share repurchase program for its U.S. employees, offering to buy back shares at a higher valuation than six months ago, Reuters reported on Tuesday. The company has informed its U.S.-based employees that it is offering $189.90 per share, an 11% increase from last year’s […]

News

Dangote hails First Bank’s Eko Atlantic move as game-changer

The Chairman of Dangote Group, Aliko Dangote, has described First Bank’s decision to build a massive new structure in Lagos’ rapidly developing Eko Atlantic city as a game-changer for Lagos’ financial landscape. Speaking during the groundbreaking ceremony on Tuesday, Dangote, commended the bank for setting a precedent that he believes will inspire other financial institutions […]

Trump to spend $1bn on offensive cyber operations
News

New tariffs raise concerns over US car price hikes

The auto industry in the United States are preparing for higher costs and significant disruptions to its North American supply chains as President Trump’s 25 per cent tariffs on Canada and Mexico is set to become a reality. The tariffs could lead to increased production costs, higher vehicle prices, and delays in manufacturing, prompting companies […]

First Bank lays off 100 senior staff in restructuring move
News

First Bank begins construction of iconic headquarters in Eko Atlantic

First Bank of Nigeria has officially begun the construction of its new 40-story headquarters at Eko Atlantic City, Lagos, with a groundbreaking ceremony held on Tuesday. In a statement signed by the Acting Group Head of Marketing & Corporate Communications, Olayinka Ijabiyi, the new building will become the tallest in Nigeria upon completion. The statement […]

News

Remita to remain operational as FG launches TMRAS – AGF

The Office of the Accountant General of the Federation has clarified that Remita, the CBN-approved payment gateway, will remain operational alongside the newly launched Treasury Management and Revenue Assurance System. This assurance addresses concerns about potential disruptions to government payment and revenue collection processes. in a statement signed by the spokesperson, Bawa Mokwa, on Tuesday, […]

News

FG threatens closure of private jet terminal to stop illegal operations

The Federal Government is considering shutting down the General Aviation Terminal of the Nnamdi Azikiwe International Airport in Abuja due to reports that its VIP section has become a hub for money laundering, drug trafficking, human trafficking, and other criminal activities. The GAT is primarily used by private jet owners and charter services. Minister of […]

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Japanese firm unveils world’s most accurate clock, priced at $3.3m

Shimadzu Corp, a precision equipment manufacturer based in Kyoto, Japan, has launched the world’s first commercially available strontium optical lattice clock. With an accuracy deviation of just one second over ten billion years, the clock is priced at approximately 500 million yen ($3.3 million), according to Bloomberg. The clock measures time using the optical transition […]

News

NCAA declines waivers for penalized airlines

The Nigeria Civil Aviation Authority has refused to grant waivers requested by several airlines over imposed penalties, emphasizing that the sanctions are intended to enhance service quality for Nigerian travelers. The Director for Consumer Protection and Public Affairs at the NCAA, Michael Achimugu, confirmed that while many airlines have sought exemptions, the agency remains resolute […]

NLNG begins naira sale, LPG output hits 1.5m tonnes
News

NLNG crisis deepens as gas supply drops 80% – Report

Nigeria LNG Limited is currently facing a significant operational crisis at its Bonny Island facility, with natural gas supplies plummeting by 80%, according to Bloomberg. This drastic reduction has been attributed to persistent pipeline vandalism, leading to the shutdown of critical gas supply lines and severely hampering production capabilities. NLNG is currently receiving only 20% […]

FG reopens old MMA terminal to reduce flight disruptions
News

Ground handling firms seek FG’s support on duty waivers

The ground handling companies in Nigeria’s aviation sector are seeking government intervention through duty waivers and concessionary loans to improve business conditions. They argue that the sector’s low-profit margins make operations challenging and unattractive, necessitating government support for sustainability and growth. During a stakeholders’ meeting organized by the Ministry of Aviation and Aerospace Development over […]

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