Business

PenCom launches monitoring platform to enforce pension compliance

  • 15th June 2026

Dangote refinery cuts West Africa fuel imports

  • 15th June 2026

Brent drops below $84 as Hormuz reopening plan

  • 15th June 2026

IMF urges Nigeria to tax telecom services, extend

  • 14th June 2026

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Nigeria’s domestic gas sales rise 30% on PIA reforms

Oil and Gas

Nigerians, others borrowed $3.18bn airtime credit in 2025 —

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Food beverage firms cut jobs amid rising costs

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ATM, e-banking charges push banks’ earnings to N224.69bn

Banking

Tag: United States

Helth

US commits additional $20m to boost Ebola preparedness in Africa

The United States has announced an additional $20 million in funding to support Ebola preparedness efforts in four African countries as concerns mount over the worsening outbreak in the Democratic Republic of Congo. The funding was disclosed in a statement released on Wednesday, June 10, and published on the U.S. State Department website. The latest […]

Scams

US revokes 600 visas linked to birth tourism fraud schemes

The United States government has launched a crackdown on birth tourism networks, revoking over 600 visas issued to foreigners who used the route to secure citizenship for their children. The Department of State stated this yesterday in an X post, saying that under President Donald Trump, tje department was “defending the integrity of U.S. citizenship […]

Policy and Regulations

US blacklists Alibaba, Baidu over alleged military links to China

The United States issued an updated list on Monday of Chinese companies that it believes are aiding the country’s military — including e-commerce giant Alibaba, search engine provider Baidu and electric vehicle maker BYD. The United States Defense Department unveiled the designations just weeks after President Donald Trump met Chinese leader Xi Jinping in Beijing, […]

Investment

Bitcoin, US stocks, gold hit by global selloff

A broad-based global market selloff has rattled financial markets, with Nigerian equities, United States stocks, Bitcoin, and precious metals all coming under pressure following what analysts describe as a major macroeconomic shock affecting investor sentiment worldwide. Nairametrics reported that the Nigerian stock market entered bearish territory at the beginning of June, shedding approximately N5 trillion […]

US court jails Nigerian hacker for $2.5m identity theft
featured Scams

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 States for his involvement in a wire fraud scheme linked to the 2022 Permanent Fund Dividend programme. According to the report on the official US website, Salako, a resident of Philadelphia, Pennsylvania, was convicted for orchestrating a scheme to defraud […]

Netflix commits over $23.5m into Nigeria entertainment industry - FG
featured Policy and Regulations

Netflix sued in US for spying on children, other users

Netflix has been sued in Texas over claims it collects data belonging to children and adults in the United States without their consent, and uses “addictive” design to keep them hooked. BBC reported that Texas Attorney General Ken Paxton accused the streaming giant of “spying” on citizens saying it “records and monetises billions” of pieces […]

featured Oil and Gas

US crude imports from Nigeria fall 15% in Q1

The United States spent $578.78m on crude oil imports from Nigeria in the first quarter of 2026, down from $681.40m in the corresponding period of 2025, according to data from the United States Census Bureau and the Bureau of Economic Analysis. The latest figures, contained in the agencies’ March 2026 international trade report, show that […]

US court jails Nigerian hacker for $2.5m identity theft
Scams

Nigerian faces 20-year jail term for US casino fraud

A Nigerian man, Kenneth Godwin, is at risk of a 20-year imprisonment following his indictment in a wire and computer-related fraud scheme targeting a casino business in South Dakota, United States of America. The indictment was announced by the US District Attorney, Ron Parsons, on Thursday. Parsons disclosed that a federal grand jury indicted Godwin […]

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