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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

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FBI asks US court to keep Tinubu-related records confidential

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CBN fines banks ₦150m for selling mint Naira notes
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CBN fines banks ₦150m for selling mint Naira notes

The Central Bank of Nigeria has imposed a hefty ₦150 million fine on deposit money banks and financial institutions found selling newly minted naira notes to currency hawkers. This development comes amid a prolonged cash shortage that has frustrated citizens and disrupted cash access across the country. A circular issued by the CBN on Friday […]

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US lawmakers urge TikTok ban from Google, Apple app stores

United States lawmakers are increasing pressure on TikTok, urging Alphabet and Apple to prepare to remove the app from their stores by January 19. This follows a federal appeals court decision upholding a law requiring ByteDance, TikTok’s Chinese parent company, to sell its U.S. operations or face a ban. Representatives John Moolenaar and Raja Krishnamoorthi […]

Reps adopt tax reforms, retains VAT at 7.5%
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Reps order NUPRC to disclose oil production, crude sales details

The House of Representatives has directed the Nigeria Upstream Petroleum Regulatory Commission to disclose details of oil production, crude sales, and other upstream petroleum activities in the country. This directive was issued during a joint session of the House Committees on Finance and National Planning at an interactive session with key agencies in Abuja on […]

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Qatar Airways considers removing Boeing 737s from Its fleet plans

Qatar Airways is considering removing the Boeing 737-10 model from its order book, as it no longer meets its fleet needs. The airline, which had ordered 25 of the aircraft, is contemplating switching to smaller 737-8s, which could be handed over to partners like RwandAir and Virgin Australia Holdings, who already operate the model. Qatar […]

Meta tests in-house AI chip to reduce reliance on Nvidia
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Meta unveils AI model to improve Metaverse experience

Meta unveiled its new AI model, Meta Motivo, which aims to control the movements of human-like digital agents, potentially enhancing the Metaverse experience. This is part of Meta’s broader push, investing billions into AI, augmented reality, and Metaverse technologies, according to Reuters. As a result, the company has raised its capital expenditure forecast for 2024 […]

Google to pay $30m to settle YouTube children’s privacy lawsuit
Tech

Turkey fines Google $75m in ad tech probe

Turkey’s antitrust regulator imposed a fine of 2.61 billion liras ($75 million) on Google, citing that the tech giant unfairly favoured its own supply-side platform in violation of competition laws. The regulator found that Google’s market dominance in automating ad space sales hurt its rivals. The decision named multiple entities, including Google International LLC, Google […]

NITDA to develop blockchain "Nigerium" for data Security
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NITDA unveils whitepaper on online harms protection bill for Nigerians

NITDA, in collaboration with Advocacy for Policy and Innovation, has released a Whitepaper outlining a Framework for an Online Harms Protection Bill in Nigeria. This landmark document aims to tackle the rising challenge of online harms while promoting a secure and inclusive digital ecosystem in Nigeria. NITDA noted that the Whitepaper stems from the deliberations […]

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ECOWAS finalizes $75m renewable energy facility, targets $19b rice investment

The Economic Community of West African States has finalized a $75 million framework for its Renewable Energy and Energy Efficiency Facility, aiming to boost sustainable energy across the region. Additionally, the bloc has emphasized the need for improved storage, milling, and mechanization in paddy production, projecting a $19 billion investment requirement to achieve these goals. […]

UK job vacancies drop 23%, signaling economic slowdown
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UK economy shrinks in October, GDP falls 0.1%

The United Kingdom economy unexpectedly contracted in October, with Gross Domestic Product falling by 0.1%, according to the Office for National Statistics on Friday. The decline was attributed to a drop in production output. Economists surveyed by Reuters had forecast a 0.1% increase in GDP for the month. This marks the U.K.’s second consecutive economic […]

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Pension fund assets reach N21.92tn in October

The National Pension Commission has reported that total pension fund assets under the Contributory Pension Scheme reached N21.92tn as of October 2024, driven by contributions from 10.53 million registered participants. The commission projects the assets will exceed N22tn by year-end. The was disclosed by the Director-General of PenCom, Ms Omolola Oloworaran, during the 2024 PenCom […]

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Landing cost of imported petrol falls to N900/litre

The cost of landing Premium Motor Spirit, or petrol, in Nigeria has decreased by N36, dropping to N900.28 per litre on Thursday, according to the latest data from the Major Energies Marketers Association of Nigeria. This reduction marks a 3.62% decrease from the previous landing cost of approximately N936.75 per litre. Earlier this week, the […]

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FG intervenes in gas supply crisis amid N2.7tn debt

Power generation in Nigeria reached a peak of 3,624.34 MW on Thursday after engineers from the Transmission Company of Nigeria restored the national grid, which had collapsed the previous day. It was also reported that the Federal Government stepped in to address the issue of gas supply to generation companies, as gas suppliers had halted […]

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