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

Travel

Geregu Power confirms payment of N40bn bond coupon, principal

Business

Femi Otedola’s net worth nears $2bn

Business

Dangote offers East Africa 30% stake in refinery

Oil and Gas

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Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Indonesia keeps iPhone 16 ban, rejects Apple’s $1bn investment plan

Indonesia has upheld its ban on the sale of Apple’s iPhone 16, stating that Apple’s $1 billion investment plan, which includes a factory for producing AirTags, does not meet the country’s domestic content requirements. The Industry Minister, Agus Gumiwang Kartasasmita, said on Wed that the local production of only AirTags, an accessory, does not fulfill […]

News

Delta dumps Lyft, partners Uber for loyalty program

Delta Air Lines is partnering with Uber this spring, ending its eight-year partnership with Lyft. After linking accounts, Delta SkyMiles members can earn one mile per dollar spent on UberX airport rides, two miles for every dollar spent on “premium rides” such as Uber Comfort and Uber Black, and three miles per dollar on Uber […]

Nvidia CEO aims to make Blackwell chips key revenue driver
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Nvidia CEO aims to make Blackwell chips key revenue driver

Nvidia CEO Jensen Huang is focusing on making the company’s next-generation Blackwell chips its biggest revenue driver to date. Speaking to Yahoo Finance at the Consumer Electronics Show (CES) in Las Vegas on Tuesday, the 61-year-old tech leader emphasized, “We’re racing to get Blackwells into every data center in the world.” Huang anticipates that revenue […]

Landmark Group secures land to redevelop Port Harcourt beach
Life Style

Landmark Group secures land to redevelop Port Harcourt beach

Landmark Group has announced its acquisition of prime waterfront land in Port Harcourt, in partnership with the Rivers State Government, to redevelop the iconic Port Harcourt Tourist Beach into a world-class leisure, hospitality, and tourism destination. The news, confirmed by Elsie Ogianyo, Brand and Corporate Communications Manager for Landmark Group, comes shortly after CEO Paul […]

China Development Bank approves $254.76m loan for Kano-Kaduna rail project
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China Development Bank approves $254.76m loan for Kano-Kaduna rail project

The China Development Bank has approved a loan of $254.76 million (€245 million) for Nigeria’s Kano-Kaduna railway project, marking a significant boost to the ongoing infrastructure development in the country. The loan, announced by the bank on Tuesday, is expected to provide essential financial support for the completion of the standard-gauge rail line, which spans […]

Over 50 per cent of Nigerian electricity users unmetered - NERC
News

Over 50 per cent of Nigerian electricity users unmetered – NERC

The Federal Government has revealed that over half of Nigeria’s registered electricity customers are yet to be metered, with 53.8 per cent of customers still relying on estimated billing. According to the Nigerian Electricity Regulatory Commission, as of September 30, 2024, only 6,156,726 of the 13,339,635 registered electricity customers across the country’s twelve distribution companies […]

OpenAI CEI denies sister's rape allegations, calls claims untrue
News

OpenAI CEI denies sister’s rape allegations, calls claims untrue

The CEO of OpenAI, an artificial intelligence company, Sam Altman, has vehemently refuted his sister’s rape allegations in a recent lawsuit. On January 6, Ann Altman filed lawsuits in Missouri, USA, alleging that her brother had sexually assaulted her on multiple occasions between 1997 and 2006. When she was three years old and her brother […]

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

Disinformation experts condemn Meta’s end of US fact-checking

Meta’s surprise decision to end its United States fact-checking program sparked sharp criticism from disinformation researchers on Tuesday, warning it could unleash a surge of false narratives. Meta Chief Executive Mark Zuckerberg announced plans to “get rid” of third-party fact-checkers in the United States, a significant policy shift analysts interpret as an effort to align […]

How FG can boost Nigeria's digital growth - Analyst
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NCC, Telcos to fund infrastructure upgrades with tariff proceeds

Nigerian mobile operators plan to channel revenue from the proposed 100% tariff increase into significant network infrastructure upgrades and improved service quality. This condition is key as they await final approval for the hike after discussions with the government and the Nigerian Communications Commission. As part of the agreement, the NCC will oversee the implementation […]

Nigeria’s debt crisis deepens as FG borrows N10.85trn in four months
News

FX reserves hits $40.8bn after eurobond auction

Nigeria’s foreign exchange reserves rose by $591.78 million following the government’s $2.2 billion Eurobond auction on December 2, 2024. According to the Central Bank of Nigeria, reserves increased from $40.29 billion on December 2 to $40.88 billion by January 3, 2025. This marks a month-on-month growth of 1.47%, highlighting the positive impact of the Eurobond […]

News

Seplat to revive 400 oil wells, targets 120,000bpd

Seplat Energy plans to revive 400 idle oil wells to boost its crude production to over 120,000 barrels per day in the coming months. The Nigerian company, which took over ExxonMobil’s local operations, aims to more than double production within six months by capitalizing on the exit of foreign majors from the country’s onshore oil […]

Dangote Refinery loses N32.5bn after petrol price cut
News

Dangote Refinery retains 13% of Nigeria’s oil exports – Report

The Dangote Petroleum Refinery retained 13 per cent of Nigeria’s crude oil exports for domestic supply in 2024, according to a new Reuters report. The report indicates that this increased Nigeria’s domestic share of oil exports from 10% in 2023 and slightly reduced the country’s exports to Europe. Despite being a major crude exporter, Nigeria […]

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