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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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Femi Otedola’s net worth nears $2bn

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Dangote offers East Africa 30% stake in refinery

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YouTubers sell unused videos to AI companies – Report

YouTubers and digital creators are profiting by selling unused video footage to AI companies looking for exclusive content to improve their algorithms. According to Bloomberg, these deals can earn creators thousands of dollars, reflecting the increasing demand for diverse, high-quality video data in AI development. “OpenAI, Alphabet Inc.’s Google, AI media company Moonvalley and several […]

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TotalEnergies, partners begin construction of Iraq gas treatment unit

TotalEnergies, in partnership with Basra Oil Company and QatarEnergy, officially launched construction on ArtawiGas25 on Friday. This facility will process associated gas from the Ratawi field in Basra, Iraq. The ownership structure of the project is as follows: TotalEnergies (45%) as the operator, Basra Oil Company (30%), and QatarEnergy (25%). The Gas Growth Integrated Project, […]

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Tinubu administration inherited near-collapsed economy – Edun

The Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, revealed that the Bola Tinubu administration inherited a near-collapsed economy but is making steady progress through bold, targeted reforms. During a briefing with the Senate Committee on Appropriations about the 2025 Appropriation Bill, Edun said that the administration’s economic stabilization strategy, emphasizing progress […]

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Sudan introduces new banknotes to boost economy

The Sudanese government has introduced new banknotes and mandated the largely unbanked population to open bank accounts as part of a strategy to stabilize its struggling economy. Launched in December, the initiative is designed to nullify funds looted by the paramilitary Rapid Support Forces. Finance Minister Jibril Ibrahim stated that the initiative has been successful, […]

Elon Musk denounces French X probe as politically motivated
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Elon Musk’s lawyer urges attorney generals to auction OpenAI stake

A lawyer representing Elon Musk has urged the attorneys general of California and Delaware to pressure OpenAI to auction off a major stake in its business. The goal is to establish a fair market value for the company’s charitable assets amid its ongoing corporate restructuring, sources familiar with the matter told Reuters on Thursday. Marc […]

Bezos' Blue Origin launches first rocket into space, rivals SpaceX
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Blue Origin challenges SpaceX with new Glenn rocket launch

Jeff Bezos’ space company Blue Origin is preparing for the inaugural launch of its giant New Glenn rocket on Sunday, marking a major milestone in its efforts to enter the competitive space launch industry and challenge Elon Musk’s SpaceX. The highly anticipated launch will be a critical first step in Blue Origin’s goal of reaching […]

China’s rare earth magnet exports hit six-month high in July
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China to expand currency swap agreement with Nigeria

China has expressed willingness to expand its currency swap agreement with Nigeria and support the issuance of panda bonds. Chinese Foreign Minister Wang Yi emphasized that the currency swap deal showcases the strong financial cooperation between both nations. Wang Yi made the announcement on Thursday in Abuja during his visit to Nigeria, that China is […]

News

Tinubu’s subsidy removal saved 19 states from bankruptcy – Presidency

The Presidency has attributed the success of President Bola Ahmed Tinubu’s subsidy removal policy to rescuing over 19 states from the verge of bankruptcy. The policy, part of wider economic reforms, has helped channel funds previously spent on fuel subsidies toward stabilizing state finances and fostering long-term economic growth. The Special Adviser to the President […]

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Navy intercepts boat with 100,000 litres of stolen crude

The Nigerian Navy personnel at NNS Jubilee in Ikot Abasi LGA, Akwa Ibom, have intercepted a boat carrying approximately 100,000 liters of crude oil. The Commander of NNS Jubilee, Commodore Martins Fakrogha, Made this disclosure during a press briefing in Ibaka, Mbo LGA, on Thursday emphasizing the Navy’s commitment to combating oil theft and protecting […]

Australia fines Google $36m over anticompetitive search engine deals
Tech

Google donates $1m to Trump’s inauguration

Google contributed $1 million to President-elect Donald Trump’s inauguration fund, aligning with other major tech companies aiming to establish goodwill with the new administration. This was disclosed in a statement by Google’s global head of government affairs and public policy, Karan Bhatia, according to CNBC. “Google is pleased to support the 2025 inauguration, with a […]

SEC to strengthen borrowing regulatory framework in Nigeria
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SEC to strengthen borrowing regulatory framework in Nigeria

The Securities and Exchange Commission has announced plans to strengthen the regulatory framework for borrowing by both governments and corporate entities in Nigeria. SEC’s Director-General, Dr. Emomotimi Agama, made the announcement in a statement issued on Wednesday in Lagos, emphasizing the importance of borrowing as a key component of the financial system and the need […]

Meta plans fourth AI overhaul in six months
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Meta to launch new test allowing eBay on Facebook marketplace

Meta announced on Wednesday that it would launch a new test in Germany, France, and the United States, enabling buyers to browse listings from eBay on Facebook Marketplace and complete their transactions directly on eBay. This move is part of Meta’s ongoing efforts to expand its Marketplace platform. This comes after the European Commission fined […]

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