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Benue govt okays ₦294.53m for malaria chemo-prevention campaign

Finance

Domestic transactions on NGX hit record ₦10.68trn in July

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Why Q1 2026 pension contributions dropped by 38% —

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Naira strengthens to ₦1,346.90/$ amid surge in FX activity

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Tech

Why Google was fined outrageous amount – Russia

The Kremlin said Thursday that Russia’s huge fines imposed on Google were largely symbolic and designed to spur the internet giant into lifting restrictions on Russian YouTube channels. The total sum of legal claims against Google in Russia has reached two undecillion rubles, according to the Russian news outlet RBK, a figure higher than all […]

Economy

Global stocks decline after weak Wall Street lead

European and Asian stocks were mostly down Thursday following a weak lead from Wall Street, as investors digested mixed company earnings and remained risk-adverse ahead of a coin-toss US election. Investors will also be eyeing US personal consumption expenditures data — the Federal Reserve’s preferred inflation measure — released later in the day for signals […]

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Marketers warn against panic buying, say fuel available

Major petroleum marketers have reassured the public that there is ample petrol available for distribution, urging against panic buying. This was disclosed in a statement on Thursday, by the Chief Executive Officer of the Major Energies Marketers Association of Nigeria, Clement Isong. Isong confirmed that the Dangote refinery and the Nigerian National Petroleum Company Limited […]

News

IMF approves $606m loan for Kenya

The International Monetary Fund said it had cleared $606 million in lending to Kenya as it struggles to pay off debts and boost taxes after mass protests led to financial reforms being scrapped. Kenya is considered an economic bright spot in the troubled East African region. But it is grappling with around $80 billion in […]

News

Gas shortage: Transcorp Power to generate additional 150MW electricity

Transcorp Group’s Group Chief Executive Officer, Mrs. Owen Omogiafo, announced that Transcorp Power is working to generate an additional 150 megawatts of electricity despite ongoing gas supply issues affecting its thermal plants. Speaking with Arise News at the Future Investment Initiative conference in Saudi Arabia, Omogiafo highlighted the company’s commitment to expanding its energy output. […]

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FG warns business owners against manipulating prices

The Federal Competition and Consumer Protection Commission has raised concerns about a ‘cartel’ manipulating market prices across the country, leading to inflated costs for goods and services despite government stabilization efforts. This was disclosed by the Akwa Ibom State, FCCPC Chief Executive Officer, Mr. Tunji Bello, during a one-day engagement on exploitative pricing in Uyo, […]

News

FG woos investors to boost sugar production

The Federal Government of Nigeria, via the National Sugar Development Council, is actively encouraging both local and foreign investors to capitalize on the country’s sugar sector. With a robust local demand of around two million metric tonnes annually, valued at about $2 billion, the sector presents significant opportunities. The Executive Secretary of NSDC, Kamar Bakrin, […]

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TCN restores power to seven northern states

The Transmission Company of Nigeria has announced a partial restoration of electricity supply to seven Northern states affected by the vandalization of the Shiroro-Kaduna transmission line. The states include Lafia, Makurdi, Jos, Kaduna, Kano, Bauchi, and Gombe. Power was restored at 4:56 PM after repairs to the 330kV Ugwuaji-Apir transmission line 1 were completed. The […]

Dropbox to axe 528 employees
News

Dropbox to axe 528 employees

Cloud storage platform, Dropbox has announced it will lay off 528 employees, or 20% of its global staff, marking the second substantial round of layoffs in less than two years. The Chief Executive Officer Drew Houston detailed the decision in a recent blog post, attributing the cuts to ongoing challenges in the market and internal […]

Apple unveils new MacBook Pro models
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Apple unveils new MacBook Pro models

Apple has launched new MacBook Pro models featuring advanced processors tailored for demanding tasks such as photo and video editing, enhancing the brand’s appeal among creative professionals. The new 14-inch MacBook Pro will start at $1,599, while the 16-inch version, equipped with the base M4 chip, will begin at $2,499. Higher-end models will feature the […]

Amazon increases AI spending to $100bn
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Remote work: Amazon employees reject return-to-office policy

Amazon employees numbering 500 have sent a letter to the CEO of its Amazon Web Services division, urging him to reconsider the company’s new five-day return-to-office mandate. The letter, sent on Wednesday, expresses discontent with AWS CEO Matt Garman’s claim that there is broad support for the policy, stating that employees who oppose it should […]

Snapchat gains 11m users worldwide
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Snapchat gains 11m users worldwide

Snap Inc. reported impressive quarterly results on Tuesday, exceeding Wall Street’s forecasts for both revenue and user growth. The parent company of Snapchat has successfully attracted advertisers back to its platform by enhancing its advertising features. In addition to the positive earnings report, Snap announced a share repurchase program of up to $500 million. Following […]

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