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Ekiti approves ₦3bn for new high court office

  • 19th August 2026

How FG spent N15.8tn subsidy removal savings

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US tightens green card screening with new public

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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

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Gombe approves ₦148.762m monthly subvention for state university

Finance

Ekiti approves ₦3bn for new high court office complex

Business

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Instagram introduces 'Testimonials' to boost creator brand partnerships
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Instagram introduces ‘Testimonials’ to boost creator brand partnerships

Meta has unveiled a new feature within its Partnership Ads program that allows Instagram creators to earn money by endorsing products through written recommendations. The addition, called ‘Testimonials,’ was announced on Thursday and aims to formalize a common practice in digital marketing. The feature enables creators to submit brief endorsements—under 125 characters—which brands can then […]

OpenAI employees consider selling $6bn stock
Tech

OpenAI tops 400m users amid rising competition from DeepSeek

OpenAI is growing fast, driven by major partnerships like Microsoft, frequent AI model updates, and broader product integration desspite strong competition from Google DeepMind, Anthropic, and others. OpenAI’s weekly active users reached 400 million in February, a 33% jump from 300 million in December, according to COO Brad Lightcap in an interview with CNBC. Lightcap […]

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Tackle trade tensions diplomatically, Okonjo-Iweala urges WTO members

The Director-General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala has urged member countries to use the organization as a platform for dialogue and engagement to address rising global trade tensions. She emphasized the need for cooperation in tackling challenges such as protectionism, supply chain disruptions, and geopolitical conflicts to ensure a stable global economy. […]

Australian children bypasses social media age limits - Report
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Australian children bypasses social media age limits – Report

A recent report by Australia’s online safety regulator has revealed that children in the country can easily bypass minimum age restrictions set by social media platforms. The findings come ahead of a landmark government ban that will prohibit access to these platforms for users under the age of 16. The eSafety Commission’s report combined data […]

Microsoft unveils AI-Powered videogame model ‘Muse’
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Microsoft unveils AI-Powered videogame model ‘Muse’

Tech giant Microsoft has introduced a new artificial intelligence model designed to generate visuals and actions in video games, the company announced on Wednesday. The model, called Muse, was developed in collaboration with Ninja Theory, a studio under Xbox Game Studios. The initiative comes as video game development costs continue to rise, while consumer spending […]

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FG considers port automation to cut costs

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has emphasized the need for port process automation to reduce business costs in Nigeria. Speaking during a recent media chat with editors in Lagos, Oyetola noted that some port-related costs do not contribute to government revenue but instead reflect systemic inefficiencies. “If you want to be […]

News

Dangote, NNPCL refineries not meeting 50% local fuel needs – FG

Despite a combined refining capacity of 985,000 barrels per day, Nigeria’s three operational refineries—Port Harcourt, Warri, and Kaduna—supply less than 50% of the country’s daily petrol needs, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The NMDPRA stated that the supply gap is being covered by importing refined petroleum products, revealing that Nigeria’s […]

Google to pay $30m to settle YouTube children’s privacy lawsuit
Tech

Google unveils AI tool to assist biomedical research

Alex Omenye Tech giant Google has developed an artificial intelligence tool designed to act as a virtual collaborator for biomedical scientists, the company announced on Wednesday. The AI system, tested by researchers at Stanford University and Imperial College London, employs advanced reasoning to help scientists analyze vast amounts of literature and generate new hypotheses. According […]

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FG bans 60,000-litre fuel tankers from roads, depots

The Federal Government has disclosed the ban of trucks carrying more than 60,000 litres of hydrocarbon products from loading at depots and using federal roads, effective March 1, 2025. It added that by the fourth quarter of 2025, the maximum load limit will be further reduced to 45,000 litres. The Executive Director of Distribution System, […]

News

CBN investigates 19.7m dormant bank accounts

The number of dormant bank accounts in Nigeria has exceeded 19.69 million, according to the Nigeria Inter-Bank Settlement System’s industry customer account database. The data, which tracks monthly account statuses in 2024, shows a steady rise in inactive accounts. This trend coincides with new Central Bank of Nigeria regulations requiring commercial banks to disclose details […]

Transcorp top gainers chart as NGX closes at 78,020.54 points
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NGX rebounds as investors gain N505bn

The Nigerian Exchange rebounded on Wednesday, recovering from the previous day’s loss as the All-Share Index rose by 0.87% to close at 108,609.51 points. This surge added N505 billion to the market, bringing the total capitalisation to N67.8 trillion. The market rally was fueled by gains in BUA Foods, RT Briscoe, and Eterna. BUA Foods […]

FG moves to restrict Binance, other crypto platforms
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Nigeria sues Binance for $79.5bn over alleged economic losses, tax evasion

The Nigerian government has filed a lawsuit against cryptocurrency exchange Binance, demanding $79.5 billion in damages for alleged economic losses and an additional $2 billion in back taxes, court documents revealed on Wednesday. Authorities blame Binance, the world’s largest crypto exchange, for the country’s currency challenges, citing its platform as a key driver of naira […]

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