Business

UK court freezes $40m assets of Nigerian oil

  • 5th May 2026
UK job vacancies drop 23%, signaling economic slowdown

UK mortgage affordability hits 18-year high as repayments

  • 5th May 2026

Trump’s World Liberty Financial sues crypto entrepreneur for

  • 5th May 2026

Private sector confidence rises as agriculture drives April

  • 5th May 2026

Contact Info

Some Populer Post

UK court freezes $40m assets of Nigerian oil tycoon

Business
UK job vacancies drop 23%, signaling economic slowdown

UK mortgage affordability hits 18-year high as repayments exceed

Business
Vodafone partners Intel to build chipset

Vodafone to fully acquire UK mobile giant in £4.3bn

Telecommunications

Trump’s World Liberty Financial sues crypto entrepreneur for defamation

Business

Blog

Aviation

Dubai airport resumes operation after drone strike ignites fuel depot

Dubai International Airport resumed a restricted flight schedule on Monday morning following a drone strike on its fuel depot that sparked a fire. “Emirates expects to operate a limited schedule after 10:00hrs Dubai local time today. Unfortunately, some flights from today’s schedule have been cancelled,” the airline said in a statement on X. Flight operations […]

Oil and Gas

Brent crude hits $105 as Middle East tensions continue

Oil prices climbed further on Monday as the U.S.–Israeli conflict with Iran entered its third week, stoking concerns over global supply disruptions and keeping energy markets on edge. The escalation has intensified threats to oil infrastructure and maintained pressure on the strategically vital Strait of Hormuz, a key route for crude shipments worldwide. Brent and […]

Why Nigerian insurance is one of the lowest globally - CPPE
Business

Rising energy prices threaten survival of Nigeria’s SMEs, CPPE warns

The Centre for the Promotion of Private Enterprise has cautioned that the recent rise in energy prices could jeopardize the survival of Nigeria’s small and medium-sized enterprises if swift action is not taken. In a policy brief on Sunday, the organisation highlighted that soaring energy costs are driving up business operating expenses, threatening the sustainability […]

Business

NIA DG urges industry to embrace evolving regulatory standards

The Director-General of the Nigerian Insurers Association, Bola has said that the increasing complexity of regulatory requirements aims to bring the Nigerian insurance sector in line with international best practices, rather than to impose unnecessary burdens. Speaking at the Annual General Meeting of the Risk, Audit, and Compliance Committee in Lagos, he urged industry stakeholders […]

Labour advocates annual minimum wage adjustment to reflect inflation
Business

NLC calls for urgent relief as fuel prices soar

The Nigeria Labour Congress has described the recent surge in petrol prices, triggered by the ongoing conflict in the Middle East, as a direct blow to Nigerians and urged the federal government to take urgent steps to cushion the impact. In a statement titled “Save Nigerians From This Shock: An Urgent Relief Has Become Necessary,” […]

FAAN increases Abuja airport toll fare
Aviation

Four suspected bandits arrested near Akure airport

Four suspected bandits were arrested near Akure Airport after a coordinated security operation around the airport premises. The Federal Airports Authority of Nigeria disclosed the development in a statement signed by Henry Agbeberi on March 15, 2026. FAAN said the suspects were apprehended earlier that day when security personnel responded to a distress alert in […]

Business

Develop assets or lose exploration licences, NUPRC warn oil firms

The Nigerian Upstream Petroleum Regulatory Commission has declared an end to the practice of oil companies holding exploration licences for years without developing the assets, stating that new provisions under the Petroleum Industry Act now require operators to either develop their fields or relinquish them. The Commission Chief Executive of NUPRC, Oritsemeyiwa Eyesan, made this […]

Air Peace denies alleged safety protocol violations in UK
Aviation

NCAA summons Air Peace over unexplained flight disruptions

The Nigerian Civil Aviation Authority has called Air Peace to its headquarters for an urgent meeting to address several unexplained flight disruptions. The meeting is scheduled for Monday. In his post via his official X account on Saturday, the NCAA’s director of public affairs and consumer protection, Michael Achimugu, said that the issues include passenger […]

US senators demand Meta probe over chatbot child safety concerns
Tech

Meta plans sweeping workforce cut amid AI push

Meta Platforms is considering sweeping layoffs that could affect 20 per cent or more of its workforce. The potential cuts are aimed at helping the Facebook parent company manage the heavy costs associated with its aggressive investments in artificial intelligence infrastructure, as well as AI-focused acquisitions and recruitment, according to Reuters. Meta had nearly 79,000 […]

featured

CBN orders banks to expand ATM network nationwide

The Central Bank of Nigeria has instructed banks and other card issuers to significantly expand the deployment of Automated Teller Machines nationwide, setting a target of at least one ATM for every 7,500 payment cards issued by 2028. Under the new Guidelines on the Operations of ATMs in Nigeria, the apex bank stated that “all […]

Elon Musk’s xAI secures $10bn in funding to expand AI
Tech

XAI undergoing rebuild after key co-founder’s exit – Musk

xAI is under mounting competitive pressure after co-founders Zihang Dai and Guodong Zhang departed this week. The exits follow criticism from Elon Musk, who expressed concern that the company’s AI coding tools were falling short against rivals Claude Code and Codex, developed by Anthropic and OpenAI, respectively. “xAI was not built right first time around, […]

US senators demand Meta probe over chatbot child safety concerns
Tech

Meta unveils tools to fight impersonation, boost original content

Meta Platforms Inc. on Friday introduced new measures to curb impersonation and clarify what constitutes “original content” on Facebook, following widespread criticism that the platform had become flooded with low-quality AI-generated posts. The updates build on last year’s crackdown targeting spammy and unoriginal material, including repeated use of others’ photos, videos, or text. Meta said […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in