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Crude prices slide as US-Iran peace revives bearish

  • 21st June 2026

Hundreds of Nigerians stranded in South Africa as

  • 19th June 2026

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FCT motorists lament high fuel cost despite oil drop

featured Oil and Gas

Oyedele, Wike meet to harmonise FCT tax administration

Finance

Big tech reroutes Gulf data via Iraqi pipeline-linked fiber

Tech

Crude prices slide as US-Iran peace revives bearish bets

Business

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Tech

Universal Music to sell half its Spotify stake

Universal Music Group NV on Wednesday announced plans to divest half of its stake in Spotify Technology SA, while expanding its ongoing share repurchase programme to €1 billion. The company said it will initiate an additional €500 million buyback after concluding the €500 million programme unveiled in March. The move follows concerns over the company’s […]

Business

Tinubu replaces NMDPRA CEO, names Rabiu Umar successor

President Bola Ahmed Tinubu has approved the removal of Saidu Mohammed as Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and has nominated Rabiu Abdullahi Umar as his successor. This was disclosed on Wednesday, April 29, in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. […]

Senate approves Yuguda, Cardoso, others as MPC members
Business

Senate okays Yuguda’s appointment as CBN deputy governor

The Nigerian Senate on Wednesday confirmed Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria after a swift screening in Abuja. His confirmation followed consideration of a report by the Senate Committee on Banking, Insurance and Other Financial Institutions, which conducted a brief screening and endorsed his nomination. Chairman of the committee, […]

Uber not sharing 'personal info of users' with Lagos govt
Tech

Uber launches in-app hotel booking feature for US users

Uber users in the United States will now be able to book hotels directly within the app, as the company expands beyond ride-hailing into a broader lifestyle platform. The new hotel booking feature was unveiled on Wednesday at Uber’s annual Go-Get event in New York City, where the company showcased several product updates. At launch, […]

Tech

Google unveils AI features for Google TV, adds YouTube shorts feed

Google on Wednesday unveiled a new set of AI-powered features for Google TV, including a dedicated short-form video feed that brings YouTube Shorts directly to the home screen. The update is anchored on expanded Gemini capabilities. Inside the Gemini tab, a new “Create” button allows users to experiment with generative AI tools such as Nano […]

Economy featured

Nigeria’s PMI falls to 49.4 as economy contracts in April

Nigeria’s economic activity slipped into contraction in April 2026 as the Purchasing Managers’ Index fell to 49.4, marking the first decline after 16 consecutive months of expansion. This is according to the latest report released by the Central Bank of Nigeria on Wednesday. The figure, which dropped below the 50-point threshold that separates expansion from […]

Standard Chartered initiates $1 billion share buyback
Investment

Standard Chartered secures $2.33bn for Tanzania’s rail project expansion

Standard Chartered has provided a $2.33 billion syndicated financing facility to support key sections of Tanzania’s Standard Gauge Railway project, marking a major milestone in East Africa’s infrastructure development drive. The financing was disclosed in a statement published on the bank’s website on Wednesday. It will support the construction of Lots 3 and 4 of […]

Business

Cadbury Nigeria Q1 2026 profit drops 39% on rising costs

Cadbury Nigeria Plc has reported a pre-tax profit of N5.20 billion in its Q1 2026 results, representing a 39.2 per cent decline from N8.54 billion recorded in the corresponding period of 2025, as rising production and operating costs weighed heavily on profitability. This is according to the company’s unaudited financial results for the three-month period […]

MTN Nigeria profits surges ahead of Q1 results amid profitability hopes
Business

MTN Nigeria to sell 60% MoMo, Y’ello stake for ₦152bn

MTN Nigeria Communications Plc has announced plans to sell a 60 per cent stake in its fintech subsidiaries, MoMo Payment Service Bank and Y’ello Digital Financial Services, to MTN Group in a N152.06 billion transaction. This was disclosed in an FAQ issued to shareholders ahead of the company’s Annual General Meeting scheduled to hold on […]

featured Scams

EFCC probed Pastor Jerry Eze for alleged money laundering – Olukoyede

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that the commission carried out a six-month investigation into the founder of Streams of Joy International, Jerry Eze, over allegations of money laundering before eventually clearing him of any wrongdoing. Olukoyede made this known on Wednesday while addressing attendees at the Jerry […]

Investment

Germany disburses ₦9bn to boost Northwest Nigeria farmers’ agribusiness

The German government, through the Deutsche Gesellschaft für Internationale Zusammenarbeit has disbursed over N9 billion under the Agricultural Finance project in Northwest Nigeria to support improve access to finances by farmers and agribusinesses in the Northwest states. The Cluster Coordinator for Agriculture and Rural Development at GIZ, Dr. Andrea Ruediger, stated this during the Northwest […]

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