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Ekiti approves ₦3bn for new high court office

  • 19th August 2026

How FG spent N15.8tn subsidy removal savings

  • 19th August 2026

US tightens green card screening with new public

  • 19th August 2026

Christ Embassy enters vehicle market, unveils electric cars

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FG borrowed ₦11.9tn in 31 months, says Oyedele

Finance

States’ 2026 budgets rise 47.5% to ₦40.14tn

Finance

Gombe approves ₦148.762m monthly subvention for state university

Finance

Ekiti approves ₦3bn for new high court office complex

Business

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Bismarck Rewane
News

FG has spent $8bn to defend Naira – Rewane

The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has said that the Nigerian government spent about $8 billion to stabilize the naira amid the ongoing economic reforms. Rewane made disclosure while speaking on Channels Television’s News at 10 on Friday. He emphasized the government’s significant interventions to manage exchange rate volatility and inflation […]

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Nigerian-born CEO Damola Adamolekun reflects on saving Red Lobster from bankruptcy

Red Lobster has emerged from bankruptcy with a new strategic direction, led by a Nigerian American CEO, Damola Adamolekun. In a recent discussion, Adamolekun shared insights on how he took over the company, the challenges it faced, and his vision for its future. Adamolekun, known for his success in turning around PF Chang’s, was initially […]

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Hackers steal $1.5b from Bybit in largest crypto heist ever

Bybit, a major cryptocurrency exchange, has suffered a massive security breach, resulting in the theft of approximately $1.5 billion in digital assets, primarily Ethereum. The attack, considered the largest crypto heist in history, targeted Bybit’s cold wallet, an offline storage system meant for security. The hackers swiftly transferred the stolen funds across multiple wallets and […]

Trump escalates trade war with 200% tariff on European alcohol
News

Move production to US or face tariffs, Trump warns drugmakers

Former President Donald Trump warned drugmakers in a private meeting that tariffs are coming and urged them to relocate overseas manufacturing to the U.S., according to sources familiar with the discussion. He also declined to commit to weakening a drug pricing program enacted under President Joe Biden, despite industry efforts to seek relief. Trump’s stance […]

NITDA to develop blockchain "Nigerium" for data Security
News

NITDA partners Flutterwave, Alami to drive fintech growth in Nigeria

The National Information Technology Development Agency has entered into a strategic partnership with Flutterwave and Alami to advance Nigeria’s digital economy. This collaboration was formalized through a Memorandum of Understanding signed by NITDA’s Director-General, Kashifu Inuwa Abdullahi, Flutterwave’s CEO, Olugbenga Agboola, and Alami’s CEO, Ms. Olu White. The agreement, signed during a meeting between NITDA’s […]

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Oil spill hits Bayelsa community as NOSDRA begins recovery

Oil spill hits Bayelsa community as NOSDRA begins recovery Obololi, Southern Ijaw Local Government Area of Bayelsa State as it commenced the recovery of the spilled crude on Friday. In a statement on Friday, the Director-General of NOSDRA, Chukwuemeka Woke, confirmed that the agency received a report of the oil spill on Monday and immediately […]

AfDB President Adesina criticizes border opening for food imports
News

AfDB, Interpol partner to tackle financial crimes

The African Development Bank Group has signed a Letter of Intent with the International Criminal Police Organization to enhance cooperation in combating corruption, financial crime, cyber-enabled fraud, and money laundering across Africa. According to the statement on Frida, this partnership, formalized on February 20, 2025, marks the first collaboration of its kind between a multilateral […]

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NOSDRA, F1 Consulting sign MoU to tackle oil spills

The National Oil Spill Detection and Response Agency has partnered with F1 Consulting to improve oil spill response and train its personnel. The agreement, signed in Abuja on Thursday, aims to curb oil spills in the Niger Delta and other oil-producing regions across Nigeria. Speaking at the signing, NOSDRA’s Director-General, Mr. Chukwuemeka Woke, reaffirmed the […]

Australia fines Google $36m over anticompetitive search engine deals
Tech

Google, Meta criticize Europe’s strict AI rules

Executives from Google and Meta claim that strict regulations are holding back Europe’s AI industry, echoing concerns from the Trump administration that heavy tech rules are stifling innovation. At the Techarena tech conference in Stockholm, Sweden, public policy chiefs from Google and Meta criticized the EU’s strict regulations on AI and machine learning, arguing that […]

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FG woos China to establish electric vehicle assembly plants

The Federal Government is actively seeking to collaborate with China to diversify its economy, particularly by establishing electric vehicle assembly plants within the country. Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, emphasized this initiative during a meeting with Chinese Ambassador to Nigeria, Yu Dunham. She highlighted China’s role as one of Nigeria’s largest […]

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FG plans Free Trade Zone hubs to boost local building materials

The Federal Government is exploring the establishment of manufacturing hubs for local building materials within free trade zones nationwide. This initiative seeks to harness the benefits of these zones—such as tax incentives, streamlined regulations, and market access—to enhance local production, reduce construction costs, and improve housing affordability. The Minister of Housing and Urban Development, Musa […]

News

NNPCL calls for third-party operators to revive idle oil assets

The Executive Vice President of Upstream at NNPCL, Udobong Ntia, has proposed involving third-party operators to revitalize idle and underperforming oil and gas assets in Nigeria. This approach aims to boost crude oil production and optimize the country’s hydrocarbon resources. This recommendation was disclosed Ntia at on Thursday at the Heirs Energies Leadership Forum 2025 […]

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