Business

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

Contact Info

Some Populer Post

Tinubu orders arrest of fake agency promoter, suspends three

Business

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

Tech

Walmart to accept Apple Pay, Google Pay at US

Tech

FBI asks US court to keep Tinubu-related records confidential

Business

Blog

featured

VAT proceeds won’t be mismanaged, says Oyedele

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, reassured Nigerians on Wednesday that VAT proceeds would not be mismanaged by sub-national governments. He clarified that the proposed tax reform bills currently before the National Assembly include clear guidelines on how the funds should be spent. Oyedele made this disclosure […]

News

Nigeria’s money supply rises by 48% in October

Nigeria’s broad money supply grew by 48.3% year-on-year, reaching N107.7 trillion in October 2024, up from N72.6 trillion in the same period of 2023. According to the Central Bank of Nigeria’s Money and Credit Statistics data released on Wednesday, the broad money supply (M²) had seen six consecutive months of growth since April 2024. However, […]

FG bags $2.2bn Sun Africa deal to develop power sector
News

Nigerian, Chinese firms to provide solar generators for 100m Nigerians

Winock Solar, a Nigerian sustainable energy provider, has partnered with Cola Solar, a Chinese clean energy company, to deliver affordable solar generators to 100 million Nigerians over the next five years. The agreement, announced in a press statement on Wednesday, aims to tackle Nigeria’s energy challenges by supplying solar stand-alone systems to underserved communities and […]

News

ExxonMobil changes leadership as top official retires after 34 years

ExxonMobil has announced that the President of ExxonMobil Upstream Company and Vice President of ExxonMobil Corporation, Liam Mallon, will retire on February 1, 2025. Following this, the Board of Directors has appointed Dan L. Ammann as the new President of ExxonMobil Upstream Company. According to the statement, Dan L. Ammann will also continue as Vice […]

News

Nigeria’s oil production hits 1.7mbpd – FG

The Federal Government announced that Nigeria’s oil production, including condensates, rose by 9.9% to 1.69 million barrels per day in November 2024, up from 1.538 mbpd in October 2024. Data from the Nigerian Upstream Petroleum Regulatory Commission shows that liquid crude oil production rose by 11.42% to 1.48 mbpd in November 2024, up from 1.33 […]

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

Meta faces major outage across Facebook, Instagram, WhatsApp

Meta’s apps, including Facebook, Instagram, WhatsApp, Messenger, and Threads, faced widespread outages starting on Wednesday. Users were unable to access the services, as reported by Downdetector. Over 100,000 users reported issues with Facebook, marking the peak of the outages, according to Downdetector. Meta acknowledged the outage in a post on X, stating that the company […]

News

FG targets 150MW boost to national grid by year-end – Minister

The Federal Government of Nigeria has announced plans to increase the country’s electricity supply by an additional 150 megawatts before the end of 2024. The Minister of Power, Adebayo Adelabu, made this disclosure on Wednesday after a business session at the State House during the state visit of the German President, Frank-Walter Steinmeier, to President […]

News

Blackout looms as national grid collapses 12th time in 2024

Many parts of Nigeria have been plunged into darkness following the 12th national grid collapse this year. In a message to customers, the Jos Electricity Distribution Company confirmed the collapse, which occurred on Wednesday afternoon. The statement, signed by the company’s Head of Corporate Communication, Friday Elijah, acknowledged the outage and reassured customers of efforts […]

News

Blackout looms as NMDPRA halts gas supply to GenCos

Nigeria is facing a potential electricity blackout as the Nigerian Midstream and Downstream Petroleum Regulatory Authority has instructed gas producers to stop supplying gas to indebted generation companies. This could disrupt power generation and lead to widespread blackouts across the country. In a Wednesday post on X (formerly Twitter), the Nigeria National Grid announced that […]

News

US offers $10m bounty for wanted Chinese hacker, accomplices

The United States government on Tuesday announced a $10 million reward for information leading to the arrest of Guan Tianfeng, a Chinese hacker, and his co-conspirators. Guan, 30, is accused of hacking computer firewalls and is believed to reside in Sichuan Province, China. The State Department disclosed that Guan faces charges of conspiracy to commit […]

Nigeria's external reserves rise to $36.89bn — CBN gov
News

Naira falls to N1,745 against dollar

The exchange rate between the naira and the dollar dropped to around N1,745/$1 on the parallel market, marking a sharp decline from the sub-N1,600 levels seen at the end of last week. As of 10 a.m. on today, findings show several rates exceeding the N1,700/$1 mark, indicating that the gains observed last week may have […]

Uncategorized

Apple to launch satellite communication on smartwatch by 2025

Apple is reportedly working on introducing satellite connectivity to its Apple Watch Ultra by 2025, allowing users to send messages without cellular or internet access. The report also noted that the company is enhancing efforts to include a blood-pressure monitoring feature in the smartwatch, according to Bloomberg. Apple introduced satellite communication for its iPhones in […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in