Business

AMCON recovers N165bn from bank debtors in H1

  • 27th July 2026

Over 90% of informal workers abandon personal pension

  • 27th July 2026

Oando plans power generation from abandoned oil wells

  • 27th July 2026

Senate replaces outdated insurance law with new regulatory

  • 27th July 2026

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Nvidia, Microsoft, SpaceX launch AI safety initiative

Tech

Snapchat introduces real-time music sharing feature for users

Tech

UK snubs Nigeria, waives proof-of-funds demand for Tunisia, others

Business

Hugging face CEO demands OpenAI release records of AI

Tech

Blog

Aviation

Delta saves $135m in fuel costs as next-gen aircraft boosts efficiency

Investments in next-generation aircraft, sustainable aviation fuel, and advanced operational technologies enabled Delta Air Lines to save over 59 million gallons of jet fuel valued at more than $135 million in 2025. Details from Delta Air Lines’ 2025 Difference Report, show that the carrier continues to record strong gains from its fleet modernisation programme, sustainability […]

Business

Tinubu reforms push manufacturers’ energy costs to N1.34tn – MAN

The Manufacturers Association of Nigeria has stated that economic reforms introduced under President Bola Tinubu’s administration have sharply raised production costs for manufacturers, with spending on alternative energy rising to N1.34tn in 2025 and further weakening industrial performance. While acknowledging that the reforms have established a base for long-term economic restructuring, the association called on […]

Banking

Abbey Mortgage Bank gets CBN’s approval for commercial banking expansion

Abbey Mortgage Bank Plc, one of Nigeria’s oldest primary mortgage institutions, has received approval from the Central Bank of Nigeria to transition into a commercial bank. The bank, however, is expected to begin full commercial banking operations in the fourth quarter of 2026. The approval represents a significant strategic milestone for the institution, enabling it […]

Economy

Foreign exchange reserves rise by $1.22bn in May – CBN

Nigeria’s external reserves rose by about $1.22 billion in May 2026, closing the month at $49.58 billion, according to data from the Central Bank of Nigeria. Figures released by the apex bank show that gross reserves increased from $48.36 billion on April 30, 2026, to $49.58 billion by May 29, 2026, representing a month-on-month gain […]

Tech

Google faces UK crackdown over AI search results

Google Search is set to face a set of targeted new rules from a UK regulator aimed at ensuring fairer outcomes for publishers and users, while also improving the service. The Competition and Markets Authority said Google will have nine months to implement the “conduct requirements” it has outlined, according to sky news. A key […]

News

Abia doctors confirm release of kidnapped surgeon, suspend planned strike

The Nigerian Medical Association, Abia State branch, has confirmed the release of kidnapped orthopaedic surgeon, Dr Uche Bonaventure Aguocha, who was abducted on Sunday, May 26, 2026. The PUNCH reported that the announcement was contained in a statement jointly signed by the NMA State Chairman, Dr Ezenwa Ezuruike, and the Secretary, Dr Clement Ifenkoronye, dated […]

Business

Cowry Securities emerges top dealer in NGX rankings

Cowry Securities Limited has strengthened its position as one of the most active dealing member firms on the Nigerian Exchange, ranking among the top performers in both the equities and fixed-income segments of the market. The firm delivered a strong trading performance during the final week of May 2026, according to the weekly broker performance […]

featured Finance

Naira strengthens against dollar in official, parallel FX markets

The naira recorded further gains against the United States dollar on Tuesday, appreciating in both the parallel market and the official foreign exchange market. In the parallel market, the local currency strengthened to N1,385 per dollar, improving from N1,395 per dollar recorded on Monday. The naira also appreciated in the Nigerian Foreign Exchange Market, according […]

Appointments

Jimoh Ibrahim elected UN budget committee chairman

Nigeria’s Permanent Representative to the United Nations, Jimoh Ibrahim, has been elected Chairman of Budget and Administration for the Fifth Committee of the United Nations General Assembly. His election comes at a critical period for the global organisation, which is grappling with a budget deficit exceeding $1.8 billion following significant reductions in foreign aid contributions. […]

Electricity featured

DisCos generate nearly ₦600bn revenue in Q1 despite power shortages

Electricity Distribution Companies in Nigeria generated approximately N600bn in revenue during the first quarter of 2026, according to the latest industry data released by the Nigerian Electricity Regulatory Commission. The figures showed that the power distribution companies collected a total of N597.55bn between January and March 2026, despite ongoing challenges facing the country’s electricity sector. […]

featured Finance

Private sector rejects pressure to match proposed ₦100,000 minimum wage

Members of the organised private sector have warned against expecting private sector employers to automatically adopt a N100,000 minimum wage, despite moves by some state governments to raise workers’ salaries to that level. The business groups argued that while some large corporations and thriving sectors of the economy may have the capacity to pay wages […]

Electricity featured

Anambra signs four electricity laws to boost supply

The Anambra State Electricity Regulatory Commission has announced that four new regulatory bills have been signed into law as part of efforts to improve electricity supply across the state. The commission explained that the newly enacted laws are designed to dismantle the monopoly of FirstPower Electricity Distribution Company Limited, a subsidiary of the Enugu Electricity […]

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