Business

Geregu Power confirms payment of N40bn bond coupon,

  • 21st August 2026

Femi Otedola’s net worth nears $2bn

  • 21st August 2026

NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

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Canada to admit 230,000 foreign workers through 2026 programmes

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Geregu Power confirms payment of N40bn bond coupon, principal

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Femi Otedola’s net worth nears $2bn

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Dangote offers East Africa 30% stake in refinery

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Nigeria generated N50tn from crude oil in 2024

Nigeria’s crude oil revenue In 2024 surged to approximately N50.88 trillion. Data from the Nigerian Upstream Petroleum Regulatory Commission revealed that the country produced a total of 408,680,457 barrels of crude oil that year. A report by Statista Research Department on January 9, 2025, revealed that the average price of crude oil in 2024 was […]

News

FG sets N6.58tn revenue target for Customs in 2025

The Federal Government has set a revenue target of N6.58 trillion for the Nigeria Customs Service in 2025. This was disclosed by the Comptroller-General of Customs, Bashir Adewale Adeniyi, on Tuesday. Adeniyi also revealed that the NCS collected a record N6.11 trillion in 2024, exceeding its N5.08 trillion revenue target by N1.03 trillion, which is […]

TikTok removes more Universal Music songs as conflict worsens
Tech

TikTok prepares for potential US shutdown on Sunday – Report

TikTok plans to shut down its app for U.S. users on Sunday, when a federal ban could take effect, according to a report from The Information on Tuesday. This shutdown would occur unless the Supreme Court intervenes to block the ban. If implemented, the shutdown would differ from the law’s mandate, which only calls for […]

News

Africa Finance Corporation receives AAA rating from Chinese credit agency

Infrastructure solutions provider Africa Finance Corporation has been assigned an AAA domestic credit rating with a stable outlook by China Chengxin International Credit Rating Co. Ltd. According to a statement on Monday, the rating will enhance AFC’s ability to engage more deeply in China’s domestic debt capital markets, access a new pool of investors, and […]

Tech

AI threatens 92m jobs worldwide – Report

A recent World Economic Forum report predicts that advancements in artificial intelligence will displace 92 million jobs, or eight percent of the global workforce, by 2030. The report highlights that 41 per cent of employers expect workforce reductions due to AI automating tasks, with positions such as graphic designers and legal secretaries being particularly vulnerable. […]

Aviation

Boeing to assist Nigeria in securing aircraft insurance

Boeing International Corporation has expressed its willingness to support Nigerian airlines by helping them acquire aircraft and secure sufficient insurance coverage. This initiative would be facilitated through collaborations with reliable lessors and global financiers. The announcement was made during a meeting between Boeing and Nigerian aviation stakeholders in Dublin, Ireland, on Monday. Recall Boeing in […]

News

Bank officials urge continued dialogue over N200bn USSD debt

The Association of Corporate Affairs Managers of Banks has urged continued dialogue among stakeholders to prevent any inconvenience to bank customers, following the Nigerian Communications Commission’s threat to disconnect banks from telecom companies. Additionally, the NCC warned it would publicly disclose the names of 18 banks that have failed to settle their outstanding debts for […]

AWS enables payment in naira
News

AWS enables payment in naira

Amazon Web Services has taken a significant step toward supporting Nigerian businesses by enabling payments in naira. This move simplifies financial transactions and eliminates the challenges of currency conversion, offering businesses a stable and predictable pricing model for their cloud services. For years, Nigerian companies using AWS faced hurdles such as fluctuating exchange rates and […]

Sterling Bank increases salaries by 7%
News

Sterling Bank increases salaries by 7%,

Sterling Bank has implemented a salary raise for its over 3,000 employees to address the rising cost of living and inflation. Sources confirm the adjustment, approximately 7%, was announced via an internal memo in early January 2025. This development aligns with a broader trend in Nigeria’s banking sector, where institutions are reviewing compensation structures to […]

Tech

OpenAI appoints BlackRock exec Adebayo Ogunlesi to board

OpenAI announced on Tuesday that Adebayo Ogunlesi, a senior managing director at BlackRock, will be joining its board of directors. This move comes as part of OpenAI’s shift towards a for-profit structure. Ogunlesi is the founding partner of Global Infrastructure Partners, an infrastructure investment firm that BlackRock acquired last year for $12 billion. Prior to […]

News

FCCPC, NCC collaborate to boost consumer protection

The Federal Competition and Consumer Protection Commission and the Nigerian Communications Commission have signed a Memorandum of Understanding to strengthen regulatory collaboration. This partnership is designed to enhance consumer protection and promote fair competition within Nigeria’s telecommunications and consumer sectors. The MoU was signed on Tuesday at the FCCPC headquarters in Abuja. The signing ceremony […]

Meta's policy change threatens free speech, say Prince Harry, Meghan
News

Meta’s policy change threatens free speech, say Prince Harry, Meghan

Prince Harry and Meghan Markle have voiced their disapproval of Meta’s recent changes to its fact-checking and hateful content policies, describing them as a direct threat to free speech. In a joint statement, the couple said, “Meta’s changes to its ‘Hateful Content Policies’ do not protect free expression but instead foster an environment where abuse […]

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