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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 escalates trade war with 200% tariff on European alcohol
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S’African assets drop after Trump announces funding cut

South Africa’s rand, stocks, and government bonds fell Monday after U.S. President Donald Trump announced plans to cut funding for the country. The rand traded at 18.8975 against the U.S. dollar on early Monday, roughly 1% weaker than its closing value on Friday. On Sunday, Trump alleged, without offering evidence, that “certain classes of people” […]

Starlink withdraws from South African regulatory hearings
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Musk’s DOGE initiative eyes US spending cuts, USAID elimination

Elon Musk, who now leads the United States government efficiency initiative known as DOGE, outlined plans for significant cuts to US spending and regulations, including the elimination of the US Agency for International Development. He also suggested that the bond market should express gratitude for these changes. “We’ve just got to do wholesale spring cleaning” […]

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Banks can’t unfreeze GHL accounts, FirstBank warns

FirstBank has filed an appeal against the Federal High Court’s decision to lift the order placed on the assets of General Hydrocarbons Limited, its directors, and shareholders. In a statement released on Sunday, the bank cautioned other financial institutions about prematurely complying with the ruling made by Justice Deinde Dipeolu. It emphasized that the discharge […]

News

FG eyes 12% mortgage interest rate on low-cost homes

The Minister of Housing and Urban Development, Ahmed Dangiwa, recently revealed that the government is working towards a 12 per cent mortgage interest rate to make homeownership more accessible to Nigerians. Speaking at the Saudi Arabia Real Estate Forum, Dangiwa emphasized the significant opportunities within Nigeria’s real estate sector, especially through the government’s Renewed Hope […]

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FRC offers scholarships to promote actuarial science career

The Financial Reporting Council of Nigeria has introduced an initiative aimed at addressing the shortage of actuarial professionals in the country by offering scholarships to exceptional students. This was announced during a career advocacy session with newly admitted postgraduate students of the Department of Actuarial Science and Insurance at the University of Lagos. Speaking at […]

EU rules out fee for tech giants under digital markets act
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EU warns of retaliation over Trump’s tariffs

The European Union has warned it will “respond firmly” if the U.S. imposes tariffs on the bloc, marking a growing backlash against President Donald Trump’s global trade tactics. Trump on Friday confirmed he would “absolutely” impose tariffs on the EU, with the European Commission and member states set to discuss the issue at a trade […]

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Canadian city to remove American alcohol amid trade wars

Ontario, of the major cities in Canada will remove all American alcohol from its government-run liquor stores starting Tuesday in response to U.S. President Donald Trump’s 25% tariffs on Canadian imports. The Liquor Control Board of Ontario will also eliminate U.S. products from its catalog, preventing other retailers from ordering or restocking these items, according […]

Over one million Canadian applications pending despite backlog drop
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Canada unveils retaliatory tariffs against US

Prime Minister Justin Trudeau has announced that Canada will impose significant and immediate retaliatory tariffs on United States goods, following U.S. President Donald Trump’s confirmation that he will proceed with heavy tariffs on Canada starting Tuesday. On Saturday, Trump signed an executive order imposing 25 per cent tariffs on Canadian goods, with a reduced 10 […]

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Dangote: PETROAN urges marketers to slash petrol prices

The Petroleum Products Retail Outlets Owners Association of Nigeria has called on marketers to lower the price of Premium Motor Spirit, or petrol, in light of the Dangote Refinery’s decision to reduce the ex-depot price from N950 to N890 per litre. Dangote refinery in a statement released on Saturday by the Group Chief Branding and […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote Refinery slashes petrol loading cost to N890 per litre

The Dangote Petroleum Refinery has announced a reduction in the cost of loading Premium Motor Spirit, commonly known as petrol, from N950 to N890 per litre. The new price takes effect from Saturday, February 1, 2025. In a statement issued late on Saturday and signed by the Group Chief Branding and Communications Officer, Anthony Chiejina, […]

News

Oil giants shift focus to AI energy demand amid profit decline

Exxon Mobil Corp., Chevron Corp., and Shell Plc saw their fourth-quarter earnings decline due to a persistent issue of excess fossil fuel supply and weak demand, which led to a collapse in refining margins, prompting all three to now bet on supplying the energy needed for America’s tech giants to secure dominance in the artificial […]

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