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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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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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‘BRICS not interested in weakening US dollars’

India’s Foreign Minister, Subrahmanyam Jaishankar, stated at an event in Doha, Qatar, on Saturday that BRICS countries have no intention of weakening the US dollar. This comment highlights the group’s position on global economic dynamics, signaling that while BRICS nations are exploring alternatives to the dollar, their primary goal is not to undermine its value. […]

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Port concession policy threatens local bonded terminals, Operators warn

The Association of Bonded Terminal Operators of Nigeria has raised concerns about the negative impact of the 2006 port concession policy on indigenous bonded terminal operations. ABTON’s General Secretary, Haruna Omolajomo, emphasized that the policy’s failure to adequately integrate local content has led to a decline in the state of bonded terminal operations in Nigeria, […]

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FG allocates ₦700bn for presidential metering initiative

The Federal Government has allocated ₦700 billion from the federation account for the Presidential Metering Initiative, according to the Special Adviser to the Minister of Power on Strategic Communications and Media, Bolaji Tunji. This initiative aims to distribute free electricity meters to consumers, addressing the metering gap, curbing estimated billing. Tunji noted on Friday that […]

Power crisis worsens as National grid collapses again
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Power sector: Gencos accuse senate of failing in oversight role

Power generation companies have criticized the Nigerian Senate, claiming that 99% of the failures in the country’s power sector since the 2013 privatization are due to the lawmakers’ neglect of their oversight responsibilities. The Gencos responded to the Senate’s Thursday resolution, which labeled the privatization of Nigeria’s power sector a total failure, according to ThisDay. […]

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NESG slams senate’s decision to suspend tax reform bills

The Nigerian Economic Summit Group has criticized the Senate’s decision to suspend action on the tax reform bills, which have sparked widespread controversy across the country. The Chief Executive Officer of NESG, Dr Tayo Aduloju, made this disclosure during a media session on Friday. On Wednesday, the Senate suspended action on the tax reform bills […]

N40,000 rice initiative targets public servants, others to follow
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Local rice prices surge by 137.32% – NBS

Local rice prices in Nigeria skyrocketed by 137.32% in October 2024 compared to the same period last year, according to the National Bureau of Statistics’ Selected Food Prices report. This sharp increase places local rice among the 10 most expensive staple foods in the country, highlighting ongoing challenges in food production and affordability. The NBS […]

Nigerian fintech Moove partners Alphabet's Waymo, enters US
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Nigerian fintech Moove partners Alphabet’s Waymo, enters US

Nigerian-born fintech startup, Moove has announced a strategic partnership with Waymo, Alphabet’s self-driving vehicle division, to manage fleets of autonomous vehicles in Phoenix, Arizona, and Miami, Florida. The collaboration highlights Moove’s innovative revenue-based vehicle financing model and underscores its aggressive global expansion strategy. The partnership comes on the heels of Moove’s impressive fundraising efforts, including […]

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Chevron cuts low-carbon investments by 25%

Chevron plans to invest $1.5 billion in emission-reduction and alternative energy projects in 2025, a decrease from $2 billion this year. The company aims to focus on investments that align with its long-term strategy for energy transition. This reduction in low-carbon investments is more than twice the 11% overall cut to its budget announced on […]

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Grid collapses: Senate blames failed power sector privatization

The Senate declared on Thursday that the 11-year-old privatisation of the power sector has failed, citing the continued lack of stable electricity supply nationwide. It warned that legislative measures to repeal the policy could be proposed. The Senate’s condemnation of the power sector’s alleged failure emerged during the consideration of a report by its Committee […]

Domestic refining output falls by 92% - Report
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ICYMI: Ignore naysayers, P’Harcourt refinery facility working, Presidency tells Nigerians

The Special Adviser on Information and Strategy to President Bola Tinubu, Mr. Bayo Onanuga, has confirmed that work is ongoing at the 150,000 barrels-per-day plant of the Port Harcourt Refining Company in Rivers State. The PHRC comprises two facilities: a 60,000 barrels-per-day plant and a 150,000 barrels-per-day plant. Onanuga stated that the 60,000 barrels-per-day refinery […]

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Cocoa price surges to N15m per tonne

The Cocoa Research Institute of Nigeria, located in Ibadan, Oyo State, announced on Thursday that cocoa prices have surged to an all-time high of N15 million per tonne, up from N1.8 million in January 2024. This was disclosed by the institute’s Executive Director, Patrick Adebola, during a joint press conference marking CRIN’s 60th Anniversary and […]

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TotalEnergies reaches 94% local content milestone – Director

Oil giant TotalEnergies EP has announced it has achieved over 94% local content. The firm’s Executive Director on JV Assets, Mr. Obi Imemba, shared this insight on Wednesday during a panel session on the sub-theme “Next Frontier for Nigerian Content: Divestment and Offshore Opportunities” at the ongoing 13th Practical Nigerian Content Forum in Yenagoa. The […]

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