Category: News

Landing cost of imported petrol falls to N900/litre

The cost of landing Premium Motor Spirit, or petrol, in Nigeria has decreased by N36,...

FG threatens demolition of illegal structures on Lagos shoreline

The Federal Government has issued a warning to developers along the Lagos shoreline to regularize...

Australia fines crypto operator Kraken $5.1m for unlawful credit facility

Australia’s Federal Court has ordered Bit Trade, the local operator of cryptocurrency exchange Kraken, to...

Elon Musk becomes first man to reach $400bn net worth

Tesla CEO Elon Musk’s net worth crossed $400 billion on Thursday, according to the Forbes...

Global efforts intensify to address submarine cable ruptures

In 2023, approximately 200 submarine cable failures were reported worldwide, according to data from the...

Amazon delays Microsoft 365 rollout over security concerns

Amazon has delayed the deployment of Microsoft 365, the cloud-based Office suite, for a year...

Banks suffer N42.33bn fraud losses in six months – Report

Banks in Nigeria have reported a significant N42.33bn in fraud-related losses during the first two...

Dangote refinery begins petrol exports to Cameroon

The Dangote Petroleum Refinery and Neptune Oil have announced their first export of Premium Motor...

Access Bank to acquire full stake in S’Africa’s Bidvest Bank

Access Holdings announced that its banking subsidiary, Access Bank Plc, has signed a binding agreement...

Meta donates $1m to Trump’s inaugural fund

Meta Platforms Inc. donated $1 million to President-elect Donald Trump’s inaugural fund as part of...

Reps probes customs over smuggling, brutality, alleged complicity

The House of Representatives has resolved to investigate the Nigeria Customs Service operations, focusing on...

Nigeria’s money supply rises by 48% in October

Nigeria’s broad money supply grew by 48.3% year-on-year, reaching N107.7 trillion in October 2024, up...