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EFCC charges two over alleged unlawful supply of

  • 20th August 2026

FG urges banks, fintechs to bridge $14.8bn gender

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Former Asia’s richest man sentenced to life in

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US govt debt surpasses $40tn for first time

  • 20th August 2026

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Microsoft warns Africa risks becoming AI consumer

Tech

Tony Elumelu’s Heirs Holdings stake in Seplat crosses $1bn

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EFCC charges two over alleged unlawful supply of FCMB

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New airbus acquisition strengthens Ibom Air – Eno

Aviation

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Trump to spend $1bn on offensive cyber operations
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Trump demands rare earth metals from Kyiv for aid

President Donald Trump has proposed negotiating a deal with Ukraine where Kyiv would guarantee the supply of rare earth metals, crucial elements used in electronics, in exchange for aid. This idea was first suggested by Ukrainian President Volodymyr Zelenskyy last October as part of his “victory plan” to end the war with Russia. The proposal […]

Trump to spend $1bn on offensive cyber operations
News

Trump signs executive order to establish US Sovereign Wealth Fund

United States President Donald Trump signed an executive order directing the creation of a sovereign wealth fund within the next year, suggesting it could potentially be used to acquire the short-video app TikTok. The move would align the U.S. with other nations, particularly in the Middle East and Asia, that have established similar funds to […]

Salesforce announces over 1,000 job cuts amid AI expansion
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Salesforce announces over 1,000 job cuts amid AI expansion

Salesforce is cutting more than 1,000 jobs while simultaneously hiring employees to support its artificial intelligence initiatives, Bloomberg News reported. Displaced employees will have the opportunity to apply for other positions within the company. However, details on which departments would be most affected by the layoffs remain unclear. As of January 31, 2024, the cloud-based […]

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Banks reported higher loan defaults in Q4 2024 – CBN

The Central Bank of Nigeria revealed that lenders, including commercial banks and other financial institutions, experienced increased default rates on secured, unsecured, and corporate loans in the fourth quarter of 2024. Credit default occurs when a lender fails to collect a payment on an outstanding debt. The apex bank revealed the default rate in its […]

NLC President Ajaero arrested by DSS at Abuja airport
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NLC halts strike over telecom tariff hike, forms review committee

The Nigeria Labour Congress has called off the planned nationwide strike set to begin on Tuesday in response to the recent 50 per cent increase in telecommunication tariffs by the Nigerian Communications Commission. NLC President, Joe Ajaero, announced the suspension of the strike following an extensive meeting on Monday night with a federal government delegation […]

News

Nigeria needs annual $20bn gas investment to boost production – NEITI

The Nigeria Extractive Industries Transparency Initiative announced on Monday that Nigeria, ranked as the ninth largest gas producer globally and the top producer in Africa, would need to invest $20 billion annually into its gas infrastructure. The Executive Secretary of NEITI, Dr. Ogbonnaya Orji, made this disclosure in the 2021–2023 report on Oil, Gas, and […]

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China probes Google, blacklists two US firms amid trade tensions

China has launched an anti-monopoly probe into Google’s parent company, Alphabet Inc., and added two US companies—PVH Corp and Illumina—to its “unreliable entity list.” This follows the implementation of new US tariffs on Chinese goods, signaling a significant escalation in trade tensions between the world’s two largest economies. China’s Commerce Ministry stated that PVH Corp, […]

News

Petrol price falls to N925 per litre at private depots

The loading cost of Premium Motor Spirit at private depots dropped to N925 per litre on Monday, reflecting a N27 decrease from the N952 offered by the highest-selling depot last Friday. Marketers attributed the reduction to Dangote Petroleum Refinery’s decision to lower its ex-depot price of PMS from N950 to N890 per litre, effective Saturday. […]

News

Banks settle N160bn USSD debt to avoid service disconnection

Nigeria’s telecom operators have maintained Unstructured Supplementary Service Data services active as banks make significant strides in repaying their outstanding debts, averting a potential disruption that could have affected millions of users. The banks, previously at risk of disconnection due to a N160bn debt, have made considerable progress in clearing their liabilities, ensuring uninterrupted access […]

News

Nigeria, Uganda boost trade ties under AfCFTA

Nigeria and Uganda have strengthened their trade relations with the appointment of Ani Bassey-Eyo as Uganda’s Trade Representative to Nigeria. This move is seen as a key step in advancing the implementation of the African Continental Free Trade Area agreement. The statement revealed that the appointment of Ani Bassey-Eyo was followed by the signing of […]

News

Oil prices drop as Trump delays tariffs on Mexico, Canada

United States West Texas Intermediate crude prices dropped by 1.1%, or $0.81, to $72.35 per barrel late Monday. The decline came after the leaders of Mexico and Canada announced that U.S. President Donald Trump had agreed to delay imposing heavy tariffs for one month. Meanwhile, the tariffs on China are still set to take effect […]

Apple to pledge $100bn to US manufacturing
News

Apple knocks EU laws as first porn app arrives

Apple Inc. criticized the EU’s Digital Markets Act following the arrival of the first known adult content app on iPhones in the region. The app, called Hot Tub, is accessible via AltStore PAL, a third-party app marketplace introduced in compliance with local regulations. Hot Tub allows users to search for and view pornographic videos from […]

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