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Tinubu appoints Abel Enitan as head of civil

  • 19th August 2026

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

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Tinubu appoints Abel Enitan as head of civil service,

Business

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

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Elon Musk’s xAI in talks to raise $10bn at $75bn valuation
News

Elon Musk’s xAI in talks to raise $10bn at $75bn valuation

Elon Musk’s artificial intelligence startup, xAI, is in discussions to raise $10 billion in new funding, potentially valuing the company at around $75 billion, Bloomberg News reported on Friday. Existing investors, including Sequoia Capital, Andreessen Horowitz, and Valor Equity Partners, are reportedly in talks to participate in the funding round. Neither xAI nor the investors […]

LCCI warns FG on rising debt
News

Boost petrol exports to curb inflation, LCCI tells FG

The Lagos Chamber of Commerce and Industry has called on the Federal Government to boost local crude oil refining and expand petrol exports to curb inflation and strengthen the naira. This was disclosed in an interview by the President of the LCCI, Gabriel Idahosa, on Saturday, according to The PUNCH. Idahosa stated that the N54.99 […]

US considers equity stakes in chipmakers under CHIPS act
Tech

No country should dominate chip industry – Taiwan

Taiwan’s top technology official emphasized the need for global cooperation in the semiconductor industry, arguing that no single country should dominate the sector. This statement follows criticism from former U.S. President Donald Trump over Taiwan’s strong position in chip manufacturing. U.S. President Donald Trump on Thursday reiterated his claim that Taiwan had taken control of […]

News

Spotify considers $5.99 increase in subscription fees

Spotify is considering launching a premium music streaming tier that could cost up to $5.99 per month on top of existing subscriptions, offering higher-quality audio, remixing tools, and access to concert tickets, Bloomberg News reported on Friday. The new service, tentatively called “Music Pro,” is expected to debut later this year, though final pricing and […]

Apple signals major AI spending shift, open to big acquisitions
Tech

Apple’s AI-powered Siri overhaul faces bugs, possible launch delays

Apple Inc.’s long-awaited Siri overhaul is facing engineering challenges and software bugs, which could delay or limit its release, according to sources familiar with the matter. Apple first announced plans for an AI-powered Siri upgrade at its developers conference last June and has even promoted some features to customers, according to Bloomberg. However, the company […]

Anthropic counters OpenAI with $1 AI offer to government branches
Tech

US plans on Google search threatens AI investment – Anthropic

Anthropic, an artificial intelligence developer, has formally requested a federal court to dismiss a U.S. government proposal that would prevent Alphabet Inc.’s Google from investing in AI startups This proposal is part of the government’s effort to address Google’s alleged monopolization of the online search market. Anthropic argues that such a restriction would hinder AI […]

OpenAI board rejects Elon Musk-led buyout offer
featured Tech

OpenAI rejects Elon Musk-led buyout offer

OpenAI’s board chairman on Friday said it has unanimously rejected an Elon Musk-led offer to buy the hot artificial intelligence company for $97.4 billion. “OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” chairman of the board Bret Taylor said in a statement posted by […]

News

Nigeria to disburse $350m cabotage fund, boost shipping

The Minister of Marine and Blue Economy, Adegboyega Oyetola, announced in Lagos on Thursday that the Nigerian Maritime Administration and Safety Agency, in collaboration with maritime stakeholders, has finalized plans to disburse the $350 million (N525 billion) Cabotage Vessel Financing Fund. Oyetola stated that the Nigerian Ports Authority port rehabilitation projects are expected to create […]

News

Airline operators protest multiple taxes in aviation industry

The Founder of United Nigeria Airlines and spokesperson for the Airline Operators of Nigeria, Prof. Obiora Okonkwo, has criticized the multiple charges imposed by government agencies in the aviation sector, calling them a heavy burden on domestic airlines. He urged the Federal Government to take swift action to support local operators. Okonkwo made this disclosure […]

BOI extends RAPID funding application deadline for MSMEs
News

BOI, FSD Africa forge alliance on green finance

The Bank of Industry has formalized a partnership with Financial Sector Deepening Africa through a Memorandum of Understanding aimed at bolstering green financing initiatives in Nigeria. This collaboration is designed to enhance BOI’s sustainability strategy by providing technical assistance, strategic guidance, and capacity development initiatives. According to a statement, the Managing Director of BOI, Dr […]

Nigeria borrowed money to fight Boko Haram - Oyedele
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Nigerian tax laws hinder economic growth, says Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated that Nigeria’s current tax laws hinder economic growth. Oyedele made this remark on Thursday at the inaugural Economic Roundtable and 2025 Macroeconomic Outlook event organized by rating firm Agusto & Co. in Lagos. After months of review, the House […]

News

Starbucks to open 500 stores Middle-East in five years

Starbucks plans to grow its presence in the Middle East, adding 500 new stores and creating 5,000 jobs over the next five years. CEO Brian Niccol announced the expansion on Bloomberg Television on Friday, as the company seeks to recover from last year’s challenges and consumer boycotts in the region. Starbucks operates over 1,300 stores […]

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