South Africa invests $983.83m in Nigeria despite xenophobic attacks
South African investors channelled $983.83 million into Nigeria in the first quarter of 2026 despite recurring xenophobic attacks against Nigerians and other…
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Dangote Refinery slashes petrol ex-gantry price to N1,075/litre
The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to…
CBN sets two-day cap on contract suspensions during bank resolutions
The Central Bank of Nigeria has issued fresh guidance clarifying how Sections 34(2)(b) and 40(2) of the Banks and Other Financial Institutions…
CBN revokes licences of 46 microfinance banks nationwide over violations
The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country, citing their failure to meet…
UN warns rapid AI growth could deepen global inequality
A new United Nations report has warned that the rapid development of artificial intelligence could widen global inequality, calling for a shared…
W’Bank grants Nigeria’s $1.25bn loan request despite backlash
The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme,…
World Bank to end loans to China by 2031
The World Bank will phase out its lending to China by 2031 under its new Country Partnership Framework, marking a significant shift…
US drops restrictions on Anthropic’s Mythos, Fable models
The United States has lifted a licensing requirement that required Anthropic to obtain government approval before exporting its Mythos and Fable AI…
Cost of healthy diet rises to ₦1589 in April — NBS
The national average Cost of a Healthy Diet rose by 3.12 per cent month-on-month to N1,589 per adult per day in April…
Domestic airfares rise 20.8% to ₦157,552 in May — NBS
Domestic air travel fares rose by 20.8 per cent year-on-year to N157,552 in May 2026 from N130,361 in May 2025. The National…
Customs agents demand suspension of green tax policy over poor consultation
The Association of Nigerian Licensed Customs Agents has called on the Federal Government to suspend the implementation of the Green Tax Policy,…
WhatsApp to introduce usernames for chats without phone numbers
WhatsApp is set to let people chat without having to reveal their phone number – by exchanging unique usernames instead. It will…