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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OpenAI expands ChatGPT to Apple messages, raising privacy concerns

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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 Refinery loses N32.5bn after petrol price cut
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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 […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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W’Bank eyes private capital to power Nigeria, others

The World Bank has called on private sector investors to play a key role in its “Mission 300” initiative, which seeks to connect 300 million people in Sub-Saharan Africa, including Nigeria, to electricity by 2030. The initiative, in collaboration with the African Development Bank, aims to address the region’s energy access gap, where nearly 600 […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
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Meta employees criticize Zuckerberg’s decisions to end fact-checking

Meta employees expressed concern on their internal forum over the company’s decision to end third-party fact-checking two weeks before Donald Trump’s presidential inauguration. They criticized the move, fearing it could lead to the spread of misinformation during a critical period. Employees raised concerns after Joel Kaplan, Meta’s new chief global affairs officer and former White […]

Trump escalates trade war with 200% tariff on European alcohol
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Trump announces $20bn foreign investment to build US data centers

President-elect Donald Trump announced a $20 billion foreign investment to build new data centers across the U.S. on Tuesday. Emirati billionaire Hussain Sajwani, a Trump associate and founder of DAMAC Properties, pledged “at least” that amount during the announcement at Mar-a-Lago. “They may go double, or even somewhat more than double, that amount of money,” […]

Tech

Panasonic to adopt AI Tech in partnership with Anthropic

Panasonic Holdings Corp. intends to adopt artificial intelligence across its hardware and software businesses in partnership with leading AI firm Anthropic. Chief Executive Officer, Yuki Kusumi revealed the company’s goal to raise AI-related revenue to 30% within the next decade, reflecting its focus on innovation and growth. “The way we work will change when we […]

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Honda debuts US EVs, plans advanced chip integration

Honda Motor Co. unveiled prototypes of its latest electric vehicles—a sedan and an SUV—featuring a new in-house software operating system, Asimo, at the Consumer Electronics Show in Las Vegas on Tuesday. The 0 Series sedan and mid-size SUV are set to be produced at Honda’s Ohio plant, with sales expected to begin in early 2026, […]

Equity market loses N92bn as stocks tumbles
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Nigerian stock market declines by 0.24%

The Nigerian stock market experienced a slight dip on Tuesday, as the All-Share Index fell by 249.42 points, closing at 103,398.82. This 0.24% decline occurred despite increased trading activity, indicating mixed investor sentiment. The Nigerian stock market recorded its highest trading volume of the year, with 1.1 billion shares traded—an increase of 30% from the […]

Tech

Getty, Shutterstock merge to form $3.7bn visual content powerhouse

Getty Images Holdings Inc. has announced plans to acquire rival stock-photo provider Shutterstock Inc., a strategic move that will create a combined company valued at approximately $3.7 billion, including debt. Under the terms of the agreement, Getty Images will pay around $28.85 per Shutterstock share in cash or offer roughly 13.67 Getty shares for each […]

News

Abia DisCo hikes electricity tariff by over 50%

Aba Power, a major electricity distribution company in Abia State, has announced a significant increase in electricity tariffs, with rates rising by over 50%. The new tariffs, which took effect on January 1, 2025, received approval from the Nigerian Electricity Regulatory Commission. The company made the announcement through its official X account, where it outlined […]

Femi Otedola named 2024 'Investor of the Year'
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Femi Otedola named 2024 ‘Investor of the Year’

Billionaire investor and prominent figure in Nigeria’s capital market, Femi Otedola, has been honored with the title of “Investor of the Year 2024” by The Nation newspaper, in recognition of his outstanding achievements in the financial sector. The newspaper highlighted the remarkable performance of Otedola’s companies, Geregu Power and FBN Holdings, as key factors behind […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
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Global crude exports fall amid trade route shifts

Global crude exports in 2024 dropped by 2%, marking the first decline since the COVID-19 pandemic, due to weak demand growth and shifts in refinery and pipeline routes. The ongoing wars in Ukraine and the Middle East have continued to disrupt global crude flows, causing tanker shipments to be rerouted and creating regional divisions between […]

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