Category: featured

Police bust Nigerian AI romance scam ring in Thailand

Thai police have arrested six Nigerian nationals accused of operating an AI-powered romance scam syndicate...

Cost of healthy diet rose to ₦1,513/day in February — NBS

The National Average Cost of a Healthy Diet per adult a day stood at N1,513...

US court jails Nigerian for seven counts of wire fraud

A Nigerian man, Adepoju Salako, has been sentenced to 18 months imprisonment in the United...

Lagos revenue hit ₦2.6trn in 2025 — Commissioner

Lagos State recorded a total revenue of N2.6 trillion in 2025, marking a 16 per...

Nigeria recorded $480m trade surplus in January 2026 — CBN

Nigeria recorded a $480 million trade surplus in January 2026, driven by a 4.46 per...

Chinese firms to gain 51% stake in PH, Warri refineries

The Nigerian National Petroleum Company Limited is considering an NLNG-style equity partnership that could hand...

Naira weakens to ₦1,387/$ in parallel FX market as margin narrows

The Naira on Thursday depreciated to N1,387 per United States dollar in the parallel market...

I sold Geregu stake to invest in Dangote IPO – Otedola

Billionaire businessman and philanthropist Femi Otedola has indicated plans to invest $100 million in the...

DisCos warn Lagos against scrapping electricity band classification

Electricity distribution companies have criticised the Lagos State Government’s proposed move to eliminate electricity customer...

South Africa’s inflation climbs to 4%, highest since 2024

South Africa’s annual inflation rate accelerated to four per cent in April 2026, marking its...

Naira records mixed performance against dollar across FX markets

The Nigerian naira traded with mixed performance against the United States dollar on Wednesday, May...

Nigeria’s oil exploration dropped sharply in April — OPEC

Nigeria’s oil exploration and drilling activities declined by 41.7 per cent in April 2026, following...