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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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Netflix's ad-supported subscription plan rises to 94m users
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Netflix denies exit from Nigerian market amid speculation

Netflix has denied reports suggesting it is exiting the Nigerian market, reaffirming its commitment to investing in local content. The speculation arose after comments made by prominent Nigerian filmmaker Kunle Afolayan during the 2024 Zuma International Film Festival. Afolayan disclosed that Netflix had cancelled several films commissioned from unnamed filmmakers, sparking concerns about the platform’s […]

OpenAI makes ChatGPT free, expands access without sign-ups
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OpenAI hits 300m weekly users for ChatGPT

OpenAI has reached a significant milestone, with its ChatGPT service now boasting 300 million weekly active users. This was disclosed by the CEO, Sam Altman during the New York Times DealBook Summit on Wednesday. The figure represents rapid growth, as the user base was reported to be at 250 million just a week earlier, according […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
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Senate investigates NNPCL over ₦8.4tn subsidy claims

The Senate has approved the 2025–2027 Medium Term Expenditure Framework and Fiscal Strategy Paper on Tuesday, paving the way for President Bola Tinubu to present the 2025 national budget to the National Assembly. The approval follows the adoption of a report submitted during plenary by the Senate’s joint Committees on Finance and National Planning & […]

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Oil prices stable as traders await OPEC+ decision

Oil prices held steady on Wednesday as traders awaited an expected OPEC+ decision to extend supply cuts, while geopolitical tensions remained a key factor shaping market sentiment. Brent crude futures were up 19 cents, or 0.26%, at $73.81 per barrel, while U.S. West Texas Intermediate crude futures increased 13 cents, or 0.19%, to $70.07. On […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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Nigeria, others spent $1.4trn on debt servicing in 2023 – World Bank

The World Bank’s latest International Debt Report has revealed that developing nations spent $1.4 trillion on foreign debt servicing in 2023, marking a significant increase driven by the highest global interest rates in two decades. Interest payments alone surged to $406 billion, a nearly 30% rise from the previous year. This sharp increase in debt […]

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Mitsubishi suffers $90m loss in suspected copper fraud

Mitsubishi Corp. has reported a loss exceeding $90 million in China due to suspected fraud involving one of its copper traders, highlighting ongoing risks for major commodity trading houses. The loss comes amid a series of recent misconduct cases in the sector. In October, Trafigura Group disclosed a potential $1.1 billion loss in Mongolia linked […]

Fraud losses decline in Nigerian banks in Q1 2024 - Report
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Bank customers pay N133.89bn in electronic money transfer levy

Nigerian bank customers paid a total of N133.89 billion in electronic money transfer levies to the government between January and August this year, according to the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper. The levy, N50 per transaction, is deducted by banks on behalf of the government for every transaction of N10,000 and […]

NITDA to develop blockchain "Nigerium" for data Security
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Google, Microsoft remove 65m content following complaints in Nigeria – NITDA

The National Information Technology Development Agency reported that major tech firms like Google, X (formerly Twitter), Microsoft, and TikTok have collectively removed over 65 million pieces of content from their platforms in Nigeria. This action followed user complaints regarding these contents. The was disclosed in a statement by NITDA’s Director of Corporate Communications & Media […]

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Lagos, EU-Africa sign EoI to enhance technology transfer, advance SDGs

The Lagos State Government has signed an Expression of Interest with the EU-Africa Chamber of Commerce to advance sustainable development. The partnership will focus on unlocking climate financing, promoting technology transfer, and supporting green economic growth. This initiative aligns with Governor Babajide Sanwo-Olu’s vision of making Lagos a sustainable and resilient mega city. The EoI […]

Reps proposes bill to ensure timely salary payments
News

Reps order NIMASA, NIWA to strengthen waterway safety regulations

The House of Representatives has directed the Nigerian Maritime Administration and Safety Agency and the National Inland Waterways Authority to strengthen enforcement of safety regulations on Nigeria’s waterways. The lawmakers also called for a detailed investigation into recent boat accidents to enhance maritime safety measures in the country. The House of Representatives passed the resolution […]

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FAAN orders removal of manual search tables at Lagos airport

The Federal Airports Authority of Nigeria has reiterated its directive to dismantle manual search tables at screening points in the international terminal of Murtala Muhammed Airport, Lagos. FAAN directed security operatives to use technology-driven screening equipment for inspecting passengers’ luggage, emphasizing the need for more efficient and modernized airport security measures. The agency has also […]

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Nigerdock to develop Snake Island port under 45-year agreement

Nigerdock has signed a 45-year agreement with the Nigerian Ports Authority for the development of the Snake Island Port. The company announced the deal in a statement over the weekend, noting that the Federal Executive Council granted approval for the project in 2023. The concession is set for 45 years, with an option for extension. […]

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