NAICOM urges insurers to deploy recapitalisation funds prudently
The National Insurance Commission has urged newly licensed insurance companies to deploy their recapitalisation funds prudently and strengthen policyholder protection as they…
Business
Tim Cook set to step down as Apple CEO after 15 years
Tim Cook is set to leave his role as Apple CEO, bringing an end to a 15-year tenure in which he transformed…
Nigerian woman arrested in India with cocaine worth N40.9m
A Nigerian woman has been arrested in Indore, Madhya Pradesh, India, after police allegedly found 57.18 grammes of cocaine worth more than…
Nigeria’s power sector records N1.36tn revenue shortfall in 2025 – NERC
Nigeria’s electricity sector recorded a revenue shortfall of about N1.36tn in 2025, as power distribution companies failed to bill customers for electricity…
Ajaokuta Steel faces power disconnection over ₦5.46bn debt
The moribund Ajaokuta Steel Company Limited and its host community risk being disconnected from electricity supply over unpaid obligations totalling N5.46bn, the…
Insurance giant Allianz considers £5bn takeover of UK motoring group AA
Allianz, the German insurance giant, is considering a £5bn takeover of the AA, one of Britain’s largest roadside assistance and membership organisations.…
NERC granted 194 licences, permits in 2025 – Report
The Nigerian Electricity Regulatory Commission issued 194 licences, permits and certifications across Nigeria’s electricity sector in 2025, up 15.5 per cent from…
OpenAI to cut ties with Cursor after SpaceX acquisition
OpenAI said on Friday that it plans to stop providing its AI models to Cursor, the coding-tool company owned by Elon Musk’s…
Walmart settles lawsuit alleging role in US opioid epidemic
Walmart has settled a United government lawsuit accusing the retail giant of contributing to the nationwide opioid epidemic by unlawfully dispensing opioid…
Sahara Power commences construction of 12MW power plant in Lagos
Africa’s largest private power company, Sahara Power Enterprises Group, has begun construction of a 12MW Independent Power Plant at the Ogba Undertaking…
FG unveils Nigeria’s national alcohol policy
The Federal Government has launched the Nigeria Alcohol Policy and Multisectoral Implementation Plan (2026–2030). The policy provides a unified framework for promoting…
FG hails Nigeria’s return to FTSE frontier market status
The Federal Government has welcomed Nigeria’s return to Frontier Market status following its reclassification by global index provider FTSE Russell, describing the…