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  • 23rd August 2026

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CPPE warns reversing economic reforms could harm Nigeria’s economy

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Economic expansion recorded first time in 13 months – CBN PMI

The Central Bank of Nigeria’s latest Purchasing Manager’s Index report reveals that economic activities expanded in August for the first time in 13 months. According to the PMI data released on Wednesday, the composite PMI for August 2024 registered at 50.2 index points, signaling a growth in economic activities after a prolonged period of contraction. […]

Tarrif hike: DisCos sweat as manufacturers insist on old rates
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Ikeja Disco expands Band A feeders to 179

The Ikeja Electricity Distribution Company has increased its Band A feeders by 23, bringing the total to 179. This expansion follows the Nigerian Electricity Regulatory Commission’s approval of the Multi-Year Tariff Order (MYTO) for these new feeders. This was disclosed in a statement by the Head of Corporate Communication at IKEDC, Kingsley Okotie, according to […]

How FG can boost Nigeria's digital growth - Analyst
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Reduce telcom taxes will boos investments, operators tell FG

The Global System for Mobile Communications Association has called on the Federal Government to lower telecom taxes to stimulate investment and enhance Nigeria’s digital economy. The Head of Sub-Saharan Africa at GSMA, Angela Wamola highlighted that Nigeria’s complex and burdensome tax regime is impeding the telecom sector’s capacity to invest in infrastructure, expand services, and […]

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Gas production to hit 12 billion cubic feet/day – FG

The Federal Government has announced a significant increase in Nigeria’s gas production, which is set to rise from 7.5 billion cubic feet (bcf) per day to nearly 12 bcf per day. This was disclosed by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo during a recent event in Lagos, according to The Punch. […]

FG shuts down unlicensed fuel marketers
News

NNPC suspends petrol sale to independent marketers amid hike, scarcity

The Nigerian National Petroleum Corporation has reportedly halted the sale of Premium Motor Spirit, commonly known as petrol, to independent marketers following a price increase implemented on Tuesday. This development comes as three vessels arrived at the Apapa jetty in Lagos on Wednesday to offload imported petrol, according to The Punch. The price hike has […]

News

NNPC reports 188 oil theft cases in one week

The Nigerian National Petroleum Company Limited has announced that it recorded 188 incidents of oil theft between August 24 and August 30. The state-owned energy company detailed these thefts in a recent disclosure, highlighting ongoing security challenges in the sector. In a visual report, the NNPC stated, “Between the 24th and 30th of August 2024, […]

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Binance: State house clinic accuses Gambaryan of rejecting medications

A medical report from the State House Annex Clinic in Asokoro, Abuja, alleges that Tigran Gambaryan, a detained Binance executive, refused prescribed medications and food when examined by a neurosurgeon in July. This report, along with other medical records, was presented in the Federal High Court, Abuja, on September 4, 2024, during arguments over Gambaryan’s […]

News

Fuel price hike threatens SMEs survival, MAN warns

The Manufacturers Association of Nigeria has expressed concern over the recent increase in petrol prices, highlighting that Small and Medium Scale Enterprises are likely to face severe challenges. In an interview with the News Agency of Nigeria, the Director General of MAN, Mr. Segun Ajayi Kadir warned that the price hike could lead to significant […]

South Korean police investigate Telegram over deepfake sexual content
News Tech

Telegram issues apology to South Korea over deepfake porn

Telegram has formally apologized to South Korean authorities for its handling of deepfake pornographic content that has been circulating on its platform. This comes as South Korea grapples with a rising epidemic of digital sex crimes. The apology follows an investigation launched by South Korean police, accusing Telegram of facilitating the distribution of explicit deepfake […]

Nigeria, Tunisia to begin direct flight in 2026
News

Nigeria, Tunisia to begin direct flight in 2026

The Ambassador, Republic of Tunisia to Nigeria, Moshen Antit, has said direct flights between Tunisia and Nigeria are projected to begin in 2026 as part of their efforts to strengthen bilateral relations between Tunisia and Nigeria, According to the Vanguard, the Ambassador stated this on Wednesday in Abuja stating that the introduction of direct flights […]

News

Chinese, Nigerian firms ink $3.3bn deal for brass industrial park

The China Road and Bridge Corporation has signed a major project agreement with Brass Fertilizer and Petrochemical Company Ltd for the development of the Brass Industrial Park and a methanol complex. This deal, valued at approximately $3.3 billion, is expected to significantly boost the Nigerian economy. The Minister of Petroleum Resources and Gas announced the […]

News

FG urged to back local auto assemblers on CNG

The Managing Director of Lanre Shittu Motors, Taiwo Shittu has called on President Bola Tinubu to provide support for indigenous auto assembling companies in a bid to advance the production of compressed natural gas powered vehicles. This appeal was made during a media briefing in Lagos, where Shittu outlined the company’s plans to introduce locally […]

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