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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

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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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FG threatens demolition of illegal structures on Lagos shoreline

The Federal Government has issued a warning to developers along the Lagos shoreline to regularize their projects or risk revocation and potential demolition. This disclosed in a statement by the Director of Press and Public Relations at the Ministry of Housing and Urban Development, Salisu Haiba, on Thursday. The ultimatum was issued by the Minister […]

Crypto Market sheds $130bn amid Trump tariff
News

Australia fines crypto operator Kraken $5.1m for unlawful credit facility

Australia’s Federal Court has ordered Bit Trade, the local operator of cryptocurrency exchange Kraken, to pay an A$8 million ($5.1 million) fine for unlawfully offering a credit facility to more than 1,100 customers, the Australian Securities and Investments Commission announced on Thursday. The penalty follows civil proceedings initiated by ASIC last year, alleging Bit Trade’s […]

Musk to resign from Trump govt amid backlash, Tesla shares crash
News

Elon Musk becomes first man to reach $400bn net worth

Tesla CEO Elon Musk’s net worth crossed $400 billion on Thursday, according to the Forbes real-time billionaires list, fueled by a 71% surge in Tesla’s shares this year and the growing valuation of his aerospace company, SpaceX. Musk, Tesla’s largest shareholder with a 13% stake, saw the EV maker’s shares reach a record high of […]

Global efforts intensify to address submarine cable ruptures
News

Global efforts intensify to address submarine cable ruptures

In 2023, approximately 200 submarine cable failures were reported worldwide, according to data from the International Telecommunication Union. Around 80% of these disruptions were attributed to natural hazards or human-related accidents, such as damage caused by boat anchors, noted ITU Deputy Secretary-General Tomas Lamanauskas. While data can often be rerouted through alternate cables, isolated regions […]

Amazon increases AI spending to $100bn
News

Amazon delays Microsoft 365 rollout over security concerns

Amazon has delayed the deployment of Microsoft 365, the cloud-based Office suite, for a year due to security concerns. Although the two companies signed a deal last year to provide Microsoft 365 to Amazon employees, Amazon has traditionally used locally installed versions of Office software on its servers, according to Bloomberg. Amazon paused the rollout […]

News

Banks suffer N42.33bn fraud losses in six months – Report

Banks in Nigeria have reported a significant N42.33bn in fraud-related losses during the first two quarters of 2024, with increases across various payment channels, excluding mobile fraud. Data from the Financial Institutions Training Centre’s Q1 and Q2 2024 Fraud and Forgeries report highlights this concerning trend. Also, fraud related to bank branches rose by 31% […]

OpenAI employees consider selling $6bn stock
Tech

OpenAI announces ChatGPT service recovery after hours-long outage

OpenAI announced in an early Thursday X post that its services, including ChatGPT, the Sora video generator, and its programming interface, were back online after several hours of downtime. ChatGPT’s popularity continues to soar, with CEO Sam Altman reporting 300 million active users per week as of December 4. Additionally, Apple released updated software for […]

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

Dangote refinery begins petrol exports to Cameroon

The Dangote Petroleum Refinery and Neptune Oil have announced their first export of Premium Motor Spirit to Cameroon, marking a key milestone in regional energy integration and cooperation. In a statement to on Wednesday, the companies described the shipment as a strategic collaboration to strengthen economic ties between Nigeria and Cameroon while addressing the growing […]

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

Access Bank to acquire full stake in S’Africa’s Bidvest Bank

Access Holdings announced that its banking subsidiary, Access Bank Plc, has signed a binding agreement with South Africa’s Bidvest Group Limited to acquire a 100% equity stake in Bidvest Bank Limited. This was disclosed in a corporate filing with the Nigerian Exchange Limited by Access Holdings’ secretary, Sunday Ekwochi, on Thursday. Access Holdings stated that […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
News

Meta donates $1m to Trump’s inaugural fund

Meta Platforms Inc. donated $1 million to President-elect Donald Trump’s inaugural fund as part of an effort to foster a positive relationship with the administration after a history of tension. The donation, while modest, is notable as Meta did not make similar contributions to President Joe Biden or during Trump’s previous term. It follows a […]

Oil and Gas

IEA warns of oil surplus in 2025 despite OPEC+ delay

The International Energy Agency has said that the global oil markets will face a glut next year, despite OPEC+’s decision last week to delay supply increases. The IEA predicted in its monthly report that world markets will be oversupplied by 1.4 million barrels a day if OPEC+ follows through with plans to resume output in […]

Reps adopt tax reforms, retains VAT at 7.5%
News

Reps probes customs over smuggling, brutality, alleged complicity

The House of Representatives has resolved to investigate the Nigeria Customs Service operations, focusing on smuggling, alleged complicity, and incidents of brutality. The resolution follows a motion moved by Hon. Sesi Whingan, citing Section 4 (b, e, and f) of the NCS Act, 2023, which tasks Customs with revenue collection, smuggling prevention, and ensuring border […]

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