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Embrace skills, entrepreneurship, over white-collar jobs, Kwara urges

  • 23rd August 2026

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US tariffs on Canada take effect as deal

  • 22nd August 2026

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Flight tickets hit N123, 700 in August – NBS

The average fare paid by air passengers for specified routes on a single journey experienced a significant increase, reaching N123,700.14. This figure represents a 25.51% increase compared to the N98,560.28 average fare recorded in July 2024, indicating a substantial rise in travel costs within just one month. In a report released by the Nigeria Bureau […]

Oil theft: PENGASSAN finger military, others
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PENGASSAN urges FG to increase stake in Dangote refinery

The Petroleum and Natural Gas Senior Staff Association of Nigeria has called on the Federal Government to raise its stake in the Dangote Petroleum Refinery from 7% to at least 45%. They argue that this increase would enhance energy security and assurance for citizens, ensuring more stable access to vital resources. This was disclosed by […]

Bankers oppose removal of retained earnings in CBN terms
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Nigeria’s external reserves surge to $39.07bn – Cardoso

Nigeria’s external reserves have continued to grow, reaching $39.07 billion as of September 19, 2024. This increase reflects positive trends in foreign exchange inflows and ongoing efforts to stabilize the economy. This was disclosed by the Governor of the Central Bank of Nigeria, Yemi Cardoso, at a press briefing at the end of the 297th […]

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BUA foods, Italian firm partner to boost pasta production capacity

BUA Foods Plc has signed a capacity expansion agreement with Italian company FAVA to boost its pasta production from 400,000 tonnes to 900,000 tonnes annually. This partnership aims to enhance BUA Foods’ market presence and meet growing consumer demand for pasta products in Nigeria and beyond. This was disclosed in a statement signed by the […]

Private sector laments loan repayment as interest rate hits 26.26%
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FAAC allocations affect exchange rate stability – Cardoso

The Central Bank of Nigeria has indicated a significant correlation between monthly disbursements from the Federation Account Allocation Committee and liquidity levels in the banking system. The CBN noted that these disbursements play a crucial role in influencing exchange rates. The Governor of the CBN, Mr. Yemi Cardoso, made this disclosure at the press briefing […]

British Airways grounds flights amid Middle East tensions
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British Airways grounds flights amid Middle East tensions

British Airways has announced the suspension of all flights to and from Tel Aviv until Wednesday, citing escalating military conflict between Israel and Hezbollah. The move comes as Israel intensifies airstrikes on Hezbollah positions in Lebanon, leading several other airlines, including Virgin Atlantic, EasyJet, and Ryanair, to also cancel flights. The ongoing hostilities have led […]

TikTok launches feature for quality sleep amid lawsuits
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TikTok removes Russian accounts over alleged US election interference

TikTok has deleted accounts linked to two Russian state-affiliated media organizations, Rossiya Segodnya and TV-Novosti, for allegedly attempting to exert covert influence on the upcoming U.S. presidential election. These organizations are the parent companies behind the Sputnik news agency and RT broadcaster, respectively. In a statement released on Monday, TikTok explained that the accounts violated […]

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CBN raises interest rate to 27.25%

The Central Bank of Nigeria’s Monetary Policy Committee has increased the interest rate by 50 basis points to 27.25%. This move is likely aimed at curbing inflation and stabilizing the economy. This was disclosed by the CBN governor, Olayemi Cardoso at the end of the MPC meeting held in Abuja. The apex bank has also […]

Elon Musk’s xAI in talks to raise $10bn at $75bn valuation
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X to allow blocked user view public posts

X, formerly known as Twitter, is set to change the functionality of its block feature, allowing users who have been blocked to see public posts from the accounts that blocked them. This update, noted by independent app researcher Nima Owji and confirmed by Elon Musk on Monday, will ensure that while blocked accounts cannot engage […]

OpenAI employees consider selling $6bn stock
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OpenAI’s official account hacked by suspected cryptocurrency scammers

OpenAI’s official press account on X has reportedly been compromised by cryptocurrency scammers, mirroring previous incidents involving the company’s leadership. On Monday afternoon, OpenAI Newsroom, a newly created account intended for product and policy announcements, posted about a fictitious OpenAI-branded blockchain token called “$OPENAI.” The post misleadingly claimed, “We’re very happy to announce $OPENAI: the […]

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