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Nigeria’s economy stronger but poverty worsened, IMF warns

Economy

Africa loses billions to corruption, recovers little, Kenyan envoy

Economy

Tony Elumelu named Seplat chairman in major leadership shakeup

Business

Tinubu approves ₦10bn to tackle Ebola threat in Nigeria

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Business

Ecobank shareholders approve $40m dividend after record profit

Shareholders of Ecobank Transnational Incorporated have approved all resolutions presented at the company’s 2026 Annual General Meeting held in Lomé, including a $40 million dividend payout for the 2025 financial year after the group delivered a record-breaking financial performance. The dividend, equivalent to 0.16 US cents per share, marks the pan-African banking group’s first distribution […]

Oil and Gas

Dangote Refinery hits 700,000 bpd processing capacity

Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day, exceeding its official nameplate capacity of 650,000 bpd. The achievement was confirmed following a performance test conducted by the refinery’s process licensors, marking a significant milestone in the facility’s operational development and growth. The latest accomplishment further consolidates […]

Policy and Regulations

FG seeks labour-friendly AI policies to protect Nigerians

The Federal Government has called for the development of inclusive and human-centred artificial intelligence policies that will protect workers’ rights, prevent job losses and ensure that the benefits of technological advancement contribute to economic growth and increased productivity. The PUNCH reported that the call was made by the Minister of Labour and Employment, Muhammad Dingyadi, […]

News

Ogun doctors begin strike over security breach

Resident doctors at the Federal Medical Centre, Idi-Aba, Abeokuta, Ogun State, have commenced a three-day warning strike following a security breach and burglary at the House Officers’ Quarters within the hospital premises. The industrial action was triggered by the theft of several valuables during the incident, including mobile phones, laptops, cash and other personal belongings […]

Banking

Interswitch, Temenos partner to expand digital banking in Africa

Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, and Temenos (SIX: TEMN), a global leader in banking technology, have announced a strategic collaboration aimed at expanding digital banking services across the African continent. The partnership will see Interswitch adopt Temenos technology to enhance its digital banking capabilities, support business growth, and […]

News

Court orders forfeiture of ₦2bn assets linked to bank staff

The Federal High Court in Abuja has ordered the final forfeiture of assets worth N2 billion linked to a financial sector staff member, Alonge Opeyemi Yetunde and others. This was disclosed in a statement issued on Thursday signed by Anthony Okon Placid, Force Public Relations Officer, Force Headquarters, Abuja. The Nigeria Police Force, through the […]

Housing

Rich Africans turn to real estate for wealth preservation — Report

Africans with investable assets of at least 50 million dollars are increasingly directing their wealth into real estate as part of efforts to preserve capital, diversify investment portfolios and generate long-term income, according to a new wealth report. Nairametrics reported that the report, released by Standard Bank, Africa’s largest lender by assets, shows that ultra-high-net-worth […]

Finance

CBN raises foreign tuition remittance limit to $25,000

The Central Bank of Nigeria has increased the maximum tuition fee remittance allowed for Nigerian students pursuing undergraduate and postgraduate studies abroad to 25,000 dollars per semester, up from the previous limit of 15,000 dollars. The upward review is contained in the CBN Foreign Exchange Manual, Fourth Edition, which was released on Wednesday as part […]

Tech

AI executives issue rare joint warning on bioweapons threat

Dario Amodei, Demis Hassabis, and Sam Altman, who are often viewed as rivals with differing positions on major artificial intelligence issues, have jointly called for new laws aimed at preventing AI systems from being used to develop bioweapons. The three tech leaders, representing Anthropic, Google DeepMind, and OpenAI respectively, issued the warning in a rare […]

Tech

Smart glasses, hidden earpieces raise new exam cheating fears – Report

England’s qualifications regulator has warned that exam cheating could become even more difficult to control with the rise of new wearable technologies such as smart glasses and hidden earpieces. The chief regulator at the Office of Qualifications and Examinations Regulation, Ian Bauckham, said that GCSE and A-level assessments are being reviewed over concerns that artificial […]

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