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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Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
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First Bank shares drop 5.6% amid dispute with Hydrocarbons

First Bank of Nigeria Holdings Plc’s stock price declined on Monday by 5.63% on the Nigerian Exchange Limited, as investors exercised caution in trading shares of the country’s oldest financial institution. The stock, which started trading at N30.20 per share, dropped by N1.70 or 5.63%, ending the day at N28.50 per share. Market analysts attributed […]

Trump opens TikTok account amid pending ban deadline
News

China considers selling TikTok’s to Elon Musk

Chinese officials are reportedly engaging in preliminary discussions about selling TikTok’s U.S. operations to billionaire Elon Musk if the short-video app fails to avoid an impending ban, according to a Bloomberg News report on Monday. While Beijing prefers TikTok to remain under the control of its parent company ByteDance, the discussions reflect increasing pressure on […]

Nigerian fintech Lemfi expands to Asia with new $53m funding
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Nigerian fintech Lemfi expands to Asia with new $53m funding

London-based Nigerian financial services platform focused on serving immigrants LemFi is poised to expand its operations and reach more markets globally with $53 million in new funding. Founded in 2020 by Ridwan Olalere and Rian Cochran, LemFi has grown rapidly by helping diaspora communities in North America and Europe send money to emerging markets across […]

Indonesia to set minimum age for for children's social media use
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Indonesia to set minimum age for for children’s social media use

Indonesia is planning to introduce a regulation to establish a minimum age for social media users as part of its efforts to protect children in the digital space, the country’s Communications Minister, Meutya Hafid, announced. The move aligns with global trends, following Australia’s recent decision to ban children under 16 from accessing social media platforms. […]

TikTok removes more Universal Music songs as conflict worsens
Tech

US lawmakers urge Biden to extend TikTok ban deadline

Two Democratic lawmakers called on Congress and President Biden to extend the January 19 deadline for China-based ByteDance to sell TikTok’s U.S. assets or face a potential ban. The Supreme Court heard arguments on Friday regarding TikTok and ByteDance’s challenge to the law, according to Reuters. Noel Francisco, a lawyer for the companies, argued that […]

Google to pay $30m to settle YouTube children’s privacy lawsuit
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Google faces major probe under UK’s new antitrust rules

The United Kingdom’s Competition and Markets Authority announced on Tuesday that it has launched a formal antitrust investigation into Google’s search and search advertising services. The investigation will determine whether Google holds “strategic market status” under the new Digital Markets, Competition and Consumers Act, which could subject the company to additional regulations and oversight aimed […]

News

FG confident of reaching N36tn revenue target

The Federal Government is optimistic about meeting its N36.35 trillion revenue target for 2025, citing ongoing economic reforms under President Bola Tinubu’s administration. This was disclosed by the Minister of Budget and Economic Planning, Abubakar Bagudu, during a hearing at the National Assembly Joint Committees on Finance, where the 2025 Appropriation Bill was discussed, according […]

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Depots increase petrol price to N950/litre

The cost of loading Premium Motor Spirit and other refined petroleum products at depots increased on Monday. Marketers raised petrol and diesel prices by N43, or 4.74%, due to the rising prices of crude oil. On Sunday, the price of Brent crude, the global benchmark, reached $79.76 per barrel. This situation suggests that filling stations […]

Chinese App Xiaohongshu tops US app store amid TikTok ban
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Chinese App Xiaohongshu top of US app store amid TikTok ban

Chinese-owned app Xiaohongshu has emerged as a favorite alternative for content creators and users alike, as TikTok potentially be banned in the U.S. on January 19 unless the Supreme Court intervenes. On Monday, the app surged to the top spot for free apps on the U.S. App Store, becoming the leading Social Networking app across […]

Jeff Bezo stops New Glenn rocket launch due to countdown anomalies
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Jeff Bezo stops New Glenn rocket launch due to countdown anomalies

Jeff Bezos’ aerospace company, Blue Origin, postponed the highly anticipated launch of its New Glenn rocket on Monday after encountering “a few anomalies” during the final moments of the mission countdown. The inaugural flight, intended to propel the 30-story rocket into orbit, has been delayed by at least a day, with further postponements likely as […]

Bezos courts Trump, seeks edge over Musk in space race
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Bezos expresses confidence in Musk, optimism for US space agenda

Jeff Bezos, founder of Blue Origin, said he does not believe SpaceX CEO Elon Musk will exploit his close relationship with U.S. President-elect Donald Trump to gain an advantage over Blue Origin in the space industry. Speaking to Reuters on Sunday, Bezos expressed optimism about the incoming administration’s space policies. “Elon has been very clear […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
News

Meta, Amazon scale back diversity programs amid opposition pressure

Meta Platforms, the parent company of Facebook, and Amazon.com are scaling back their diversity, equity, and inclusion initiatives as conservative opposition to such programs gains momentum. The moves come ahead of Republican Donald Trump’s return to the U.S. presidency, signaling a broader shift in corporate America’s stance on inclusion efforts. Meta announced in an internal […]

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