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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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US tightens control on global AI chip flows

The United States government announced on Monday that it would impose further restrictions on artificial intelligence chip and technology exports, aiming to keep advanced computing power within the U.S. and its allies while limiting China’s access. The new regulations will cap AI chip exports to most countries, allow unlimited access to U.S. AI technology for […]

Apple to pledge $100bn to US manufacturing
Tech

Apple’s $1.8bn UK class action trial set to begin

Apple is facing a £1.5bn ($1.8bn) class action lawsuit in the UK, accusing the company of imposing “excessive and unfair” charges on software downloaded from its App Store, according to the Financial Times. Unless a settlement is reached, the trial is scheduled to begin on Monday, 13 January 2025, at the Competition Appeal Tribunal. The […]

Nigeria Exchange in decline two weeks in a row
News

NGX warns public about suspected fraudulent impersonator

The Nigerian Exchange Limited has issued a public advisory about a suspected impersonator falsely claiming to be the Chief Strategist of NGX Group. In a statement posted on its X handle on Monday, NGX alerted the public about an individual named ‘Professor Adebayo Oluwatokun’ and an entity called ‘Value Gain,’ who are reportedly using a […]

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General Hydrocarbons denies First Bank’s $225m debt claims

General Hydrocarbons Limited has denied claims by First Bank of Nigeria Plc regarding a $225 million debt, calling the allegations misleading and baseless. In a statement issued by GHL’s Director of Strategy and Operations, Abdelmuizz Bello, the company criticized recent media reports, labeling the allegations as “befuddling, without merit, and malicious.” GHL stressed that it […]

News

TSMC fourth-quarter profit expected to rise 58% on AI demand

Taiwan Semiconductor Manufacturing Co., the leading global producer of advanced chips for artificial intelligence, is expected to report a 58% increase in fourth-quarter profit on Thursday due to rising demand. The world’s largest contract chipmaker, with clients including Apple and Nvidia, has capitalized on the AI boom. However, TSMC faces challenges from U.S. government technology […]

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Fuel price hike loom as brent crude hits $79.76/barrel

The prices of refined petroleum products may increase in the coming days due to the rise in Brent crude oil prices. On Sunday, the price of Brent reached $79.76 per barrel, and since crude oil is a key factor in determining the cost of refined products, this surge could lead to higher prices for gasoline, […]

News

Global air finance summit to assess jet shortages, trade risks

Financiers and lessors who drive the global air travel industry will convene in Dublin on Monday for their annual meeting, supported by strong lease rates and stable oil prices. However, they face challenges related to jet shortages and trade tensions, according to Reuters. Ireland, home to the global aircraft leasing industry that controls about half […]

Global oil supply hits record high in August - IEA
News

Oil prices hit three-month high as US sanctions impact Russia

Oil prices surged on Monday, reaching their highest level in over three months, driven by expectations that expanded U.S. sanctions would impact Russian crude exports to China and India, the world’s top and third-largest oil importers. Brent crude futures rose by $1.35, or 1.69%, reaching $81.11 per barrel, after briefly peaking at $81.44, the highest […]

News

NUPRC launches real-time tracking to address crude export losses

The Nigerian Upstream Petroleum Regulatory Commission has announced plans to boost transparency and accountability in the country’s oil and gas sector. This will be achieved through the implementation of the Advance Cargo Declaration Solution and an Engineering Audit of Upstream Measurement Equipment and Facilities. The initiative it said aims to monitor the movement of crude […]

News

Fire Service to require insurance for buildings

The Federal Fire Service has agreed to incorporate fire insurance into its building checklist. This decision follows a meeting between the National Insurance Commission and the Federal Fire Service at the NAICOM Headquarters, where they reviewed and strengthened their partnership. Fire insurance is a form of property insurance that protects against losses and damages caused […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
News

FirstBank plans expansion to Ethiopia, Angola, Cameroon

First Bank is aiming to expand into at least three African countries in its next phase of growth, as the continent’s financial systems continue to open up new opportunities. The countries under consideration for expansion include Ethiopia, Angola, Cameroon, and Cote d’Ivoire. By entering these markets, First Bank seeks to broaden its customer base and […]

News

250 firms opt for independent power generation amid persistent blackouts

Amid persistent blackouts, around 250 manufacturers and academic institutions have decided to sever ties with their respective power distribution companies and generate their own electricity. Many of these organizations, which are major electricity consumers, have turned to self-generation to secure a reliable power supply. This shift comes in the wake of rising electricity costs, fuel […]

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