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Tinubu approves fiscal incentives to unlock $20bn Bonga project

President Bola Ahmed Tinubu has approved a targeted fiscal incentive package to unlock the long-delayed Bonga Southwest Aparo deepwater project, a move expected to attract about $20bn in foreign direct investment into Nigeria’s oil and gas sector. The approval, announced on Tuesday by Nigerian National Petroleum Company Limited, is intended to clear the path for […]

Oil and Gas

Trump waives oil sanctions to slash global prices amid Iran war

United States President Donald Trump announced on Monday that his administration would temporarily waive certain oil-related sanctions to boost global oil supply and bring down prices amid disruptions from the ongoing Middle East conflict. The United States and Israel have conducted strikes on Iran, while Tehran has launched retaliatory attacks across the Gulf region. These […]

Reps demand three-year validity for JAMB results
featured Finance

JAMB: CBT centres decry ₦700 fee as inadequate amid inflation

The Computer-Based Test Centres Proprietors Association of Nigeria has raised the alarm over the N700 Computer-Based Test Centre Registration Service Charge for candidates registering for the Unified Tertiary Matriculation Examination. The association described it as “grossly inadequate” amid rising operational costs and logistical challenges. The association’s President, Austin Ohaekelem, spoke to The PUNCH on Monday […]

Aviation featured

FAAN issues over 100,000 access cards amid tollgate gridlock

More than 100,000 airport access cards have been issued to motorists across the country. This forms part of efforts to implement the Federal Government’s cashless policy at airport tollgates. The Managing Director of the Federal Airports Authority of Nigeria, Mrs Olubunmi Kuku, disclosed this. Kuku revealed on Monday that 62,000 of the cards were issued […]

featured Life Style

Dangote retains Africa’s richest spot with $28.5bn fortune

Nigeria’s business magnate Aliko Dangote has once again secured his position as Africa’s wealthiest individual. He tops the Forbes 2026 Africa Billionaires ranking with an estimated net worth of $28.5 billion. Over the past year, the continent’s richest figures collectively gained more than $20 billion. The latest Forbes list, released on Monday, highlights Africa’s 23-member […]

Business

Dangote Refinery prepared to compete amid regulatory fairness – CEO

The Chief Executive Officer of the Dangote Petroleum Refinery & Petrochemicals, David Bird, has said the refinery is prepared to compete in Nigeria’s petroleum market under an import-parity pricing framework, provided regulators guarantee a level playing field. Bird made the statement during a media briefing in Lagos on Monday. He stressed that consistent and equitable […]

OpenAI unveils GPT-5 amid rising industry investment
Tech

OpenAI acquires Promptfoo to strengthen AI security tools

OpenAI announced on Monday that it has acquired cybersecurity startup Promptfoo, a firm that develops tools for testing and securing advanced artificial intelligence systems. The company, led by Sam Altman, did not reveal the financial details of the acquisition but confirmed that Promptfoo’s team will join OpenAI. Its security tools will be integrated into OpenAI’s […]

Business

Expanding local refineries won’t guarantee cheaper petrol, says CPPE

The Centre for the Promotion of Private Enterprise has cautioned that expanding domestic refining capacity may not substantially lower petrol prices for Nigerians, particularly as global crude oil prices climb above $100 per barrel. This view was contained in a policy brief shared with Nairametrics on Monday by the Chief Executive Officer of CPPE, Muda […]