Business

UK court freezes $40m assets of Nigerian oil

  • 5th May 2026
UK job vacancies drop 23%, signaling economic slowdown

UK mortgage affordability hits 18-year high as repayments

  • 5th May 2026

Trump’s World Liberty Financial sues crypto entrepreneur for

  • 5th May 2026

Private sector confidence rises as agriculture drives April

  • 5th May 2026

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UK court freezes $40m assets of Nigerian oil tycoon

Business
UK job vacancies drop 23%, signaling economic slowdown

UK mortgage affordability hits 18-year high as repayments exceed

Business
Vodafone partners Intel to build chipset

Vodafone to fully acquire UK mobile giant in £4.3bn

Telecommunications

Trump’s World Liberty Financial sues crypto entrepreneur for defamation

Business

Blog

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Tech

Microsoft to share 2027 Xbox prototypes with game developers

Microsoft announced Wednesday that it will provide video game developers with prototypes of its next-generation Xbox console, set for 2027, in an effort to catch up with Nintendo and Sony. The new console will include a custom chip from Advanced Micro Devices, according to vice president in Microsoft’s Xbox division, Jason Ronald in a blog […]

EU probes TikTok over breach of privacy
Tech

Oracle discloses $2.2bn stake in TikTok US operations

Almost two months after TikTok’s United States operations were transferred to a consortium of investors, Oracle has revealed its financial stake in the venture. In its quarterly filing on Wednesday, Oracle reported holding $2.2 billion in “non-marketable debt investments and equity securities and related instruments” for the period ending February 28. The filing noted that […]

Economy

Nigeria’s food import bill hits N7.65tn in 2025

Nigeria’s expenditure on imported food and beverage products rose sharply to N7.65 trillion in 2025, underscoring the nation’s growing dependence on foreign food amid rising domestic demand and persistent structural challenges in agriculture. According to the latest Foreign Trade Statistics report from the National Bureau of Statistics, these imports include both primary foodstuffs and processed […]

Oil production: Angola, Libya overtake Nigeria, says OPEC
Business

IEA to release 400m barrels of oil to ease global shortage

The International Energy Agency has announced plans to release 400 million barrels of oil to help ease the global supply shortage. The agency’s Executive Director, Fatih Birol, disclosed this on Wednesday during a broadcast. Birol said the decision followed a unanimous agreement among member countries after supply disruptions linked to the ongoing conflict involving the […]

YouTube to tighten monetization rules to combat AI-generated content
Tech

YouTube ad revenue hits $40bn, surpasses Disney, Paramount, WBD in 2025

YouTube posted record-breaking ad revenue in 2025, generating an estimated $40.4 billion. The research by Moffett Nathanson shows that the figure surpasses the combined advertising revenue of four major Hollywood players, Disney, NBC, Paramount, and Warner Bros. Discovery—which collectively earned $37.8 billion last year. The shift underscores how dramatically content consumption has evolved and how […]

Oil and Gas

Dangote Refinery slashes petrol price by ₦100 to ₦1,075

Dangote Petroleum Refinery has reduced its ex-depot prices for Premium Motor Spirit and Automotive Gas Oil. This marks the first downward adjustment after several sharp increases recorded in recent days. According to the refinery’s latest pricing template released on March 10, 2026 as seen on petroleumprice.ng, the gantry price of petrol has been cut by […]

Foods

Global food waste costs $1trn annually — UN

Despite 783 million people worldwide facing hunger, about 1.05 billion tonnes or nearly 19 per cent of all food available to consumers is wasted each year globally, according to the 2024 Food Waste Index Report by the United Nations. The report estimates that food waste costs the global economy about $1 trillion annually. These losses […]

New SEC regulation to enhance transparency in bank recapitalization
Finance

SEC cautions fintechs on rising risks in digital finance

The Securities and Exchange Commission Nigeria has warned fintech operators that technology, while expanding access to investment opportunities, can also magnify risks if not properly managed. This caution came during the first biannual SEC Regulator–FinTech Clinic. Rabi Maidawa, fund authorisation officer at the commission, addressed the event. She explained that technology-driven platforms do not remove […]

Agribusiness

Dangote fertiliser demand surges amid Iran war disruption

Demand for Dangote fertiliser has surged in recent times due to disruptions in global supplies caused by the ongoing United States–Israel conflict with Iran, according to a Bloomberg report. The report quoted Devakumar Edwin, vice president of Dangote Industries Limited. “Demand has gone up substantially due to the shortage in the global market,” Edwin told […]

Elon Musk denounces French X probe as politically motivated
Life Style

Elon Musk becomes richest man in history at $839bn

Elon Musk has been confirmed as the wealthiest individual in history, with an estimated net worth of $839 billion, according to Forbes. The publication released its annual World’s Billionaires list on Tuesday, revealing that a record 3,428 billionaires now exist globally. Their combined wealth reached an unprecedented all-time high of $20.1 trillion. Musk retained the […]

Oil and Gas

UAE’s giant refinery shut over Middle East war

One of the world’s largest refineries, the Ruwais facility in the UAE, has been shut down as a precautionary measure following a nearby drone attack that sparked a fire in the industrial complex. A source familiar with the situation stated: “The Ruwais refinery has halted operations out of precaution,” while requesting anonymity due to the […]

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