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Tinubu orders arrest of fake agency promoter, suspends

  • 21st August 2026

FBI asks US court to keep Tinubu-related records

  • 21st August 2026

US recognises Nigerian-American fintech entrepreneur George Azih

  • 21st August 2026

Geregu Power confirms payment of N40bn bond coupon,

  • 21st August 2026

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Tinubu orders arrest of fake agency promoter, suspends three

Business

TikTok to pay $400m to settle US children’s privacy

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Walmart to accept Apple Pay, Google Pay at US

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FBI asks US court to keep Tinubu-related records confidential

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Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC
News

Ports council eyes databank for maritime industry

The Nigerian Ports Consultative Council’s plan to establish a database for port industry statistics is aimed at creating a centralized repository for historical data and aiding industry forecasts. This initiative is expected to enhance data-driven decision-making and improve efficiency in the Nigerian port sector. According to a statement on Wednesday, NPCC leadership discussed this goal […]

News

NECA warns factory closures in Lagos may deter investors

The Nigeria Employers’ Consultative Association has stated that the closure of factories belonging to major manufacturing companies in Lagos by the Lagos State Water Regulatory Commission, due to alleged non-payment of water abstraction levies, could deter potential investors. NECA also expressed concern that the move could heighten employees’ fears about job security and paint the […]

Oil and Gas

Oil prices rise slightly amid optimism from China

Oil prices saw modest gains in light holiday trading on Thursday, supported by optimism about potential fiscal stimulus in China and expectations of declining United States crude inventories. Brent crude futures edged up by 13 cents (0.2%) to $73.71 per barrel, while U.S. West Texas Intermediate crude rose by 11 cents (0.2%) to $70.21 per […]

'Everybody Loves Jenifa' grosses $100,000 opening weekend abroad
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‘Everybody Loves Jenifa’ grosses $100,000 opening weekend abroad

Nollywood star Funke Akindele has once again demonstrated her star power with her latest blockbuster, “Everybody Loves Jenifa,” which earned an impressive $100,000 in its opening weekend across nine international markets: Germany, the UK, Ireland, Canada, Norway, New Zealand, Sweden, Australia, and the USA. This achievement marks a historic first for Nollywood, as no Nigerian […]

Toyota’s global production declines for 10th consecutive month
News

Toyota’s global production declines for 10th consecutive month

Toyota Motor reported a 6.2% drop in global production for November, marking the 10th consecutive month of decline. The world’s largest automaker manufactured 869,230 vehicles last month, a larger drop than October’s 0.8% decrease. Despite the production slump, Toyota’s worldwide sales rose for the second straight month, driven by strong demand in the U.S. and […]

News

Nigeria’s inflation rate may drop to 5% in 2025 — Expert

An economist and CEO of Economic Associates, Ayo Teriba, has suggested that Nigeria’s inflation rate could fall to 5% by 2025 if the Federal Government successfully attracts $50 billion in foreign direct investment. He shared this view on Arise TV’s Good Morning Show, highlighting the importance of significant FDI inflows in stabilizing the economy and […]

OpenAI employees consider selling $6bn stock
News

OpenAI considers development of humanoid robots

OpenAI, the creator of ChatGPT, is reportedly considering the development of its own humanoid robot, according to a report from The Information reported While OpenAI has previously engaged in robotics through financial investments, including stakes in companies like Figure, 1X, and Physical Intelligence, this move signals a potential shift toward building physical AI-powered systems in-house. […]

Google to revises app rules after EU charges over market abuse
News

Google contractors evaluate Gemini AI against rival Claude

Contractors working on Google’s Gemini AI have been comparing its responses to those of Anthropic’s Claude, a competing artificial intelligence model, TechCrunch reported. While Google declined to confirm whether it had secured Anthropic’s permission to use Claude in its evaluations, the practice has raised questions about industry norms in AI development and testing. Typically, tech […]

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

Dangote refinery’s fuel price slash offers timely relief – NLC

The Nigeria Labour Congress, Lagos Council, has praised Dangote Refinery for its recent fuel price reduction, calling it a timely economic relief for Nigerians. NLC State Chairman Funmi Sessi, in a statement on Wednesday, emphasized that the move came at the right moment. Sessi expressed hope that the fuel price reduction would alleviate transportation costs, […]

featured

Food, drink prices hits 40% as Nigerians celebrate christmas

Festive season celebrations in Nigeria are overshadowed by surging inflation, with food and non-alcoholic beverage prices rising nearly 40% in 2024, according to National Bureau of Statistics data. The Consumer Price Index report reveals sharp price increases across key categories, underscoring the financial challenges many Nigerians face. The CPI data shows that food and non-alcoholic […]

Access Bank nears final stages of National Bank of Kenya acquisition
News

Access Holdings records 105.76% oversubscription in rights Issue proceeds

Access Holdings has announced the successful conclusion of its July 2024 rights issue, with an impressive oversubscription rate of 105.76%. The offer attracted 24,181 applications. The rights issue, launched on July 8, 2024, offered 17.77 billion ordinary shares at N19.75 per share. The rights issue, available from July 8 to August 23, 2024, allowed shareholders […]

News

FG, Bloomberg partner to attract foreign investment

The Federal Government has entered a two-year partnership with Bloomberg to promote foreign investment and highlight Nigeria’s economic opportunities. This collaboration was announced following a meeting between the Finance Minister and Coordinating Minister of the Economy, Wale Edun, and Bloomberg’s Global Director, Nicole Keefe, held in Abuja. The initiative aims to leverage Bloomberg’s global reach […]

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