Economy

Oil prices sank Thursday on hopes for an Iran nuclear breakthrough after Donald Trump said a deal was “getting close” and US media reported Tehran had indicated it could be open to curbs on its atomic programme. The remarks from the US

Oando Plc has disclosed that it has recorded four operational oil spill incidents between October 2024 and the present date. The company also confirmed the completion of repair works on oil spill incidents that occurred along the Nigerian National Petroleum Corporation Exploration

Brazilian state oil company, Petrobras, is seeking a return to Nigeria’s oil sector with a renewed focus on frontier deepwater exploration as part of efforts to strengthen ties between both countries. In a statement on Wednesday, Stanley Nkwocha, Senior Special Assistant to

Lagos State recorded a 45 per cent growth in revenue to N1.3 trillion in 2024, from N895 billion recorded in 2023. This was revealed by the Commissioner for Finance, Abayomi Oluyomi, in a statement to mark the second year of the second

The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has disclosed that Nigeria is set to receive telecommunications equipment and fibre optic infrastructure worth $3 billion in June 2025. Speaking during a panel session at the Nigeria Development Update (NDU) organised

The Economic and Financial Crimes Commission (EFCC) says it will take action against Chief Government Ekpemupolo, better known as Tompolo, over an allegation of Naira abuse. Tompolo was spotted in a viral video, reportedly during his 54th birthday celebration in April, dancing

OpenAI CEO Sam Altman on Monday said the company behind ChatGPT would continue to be run as a nonprofit, as it abandoned a highly contested plan to turn into a for-profit organization. The issue had become a serious point of contention for

The President and Chief Executive Officer of Dangote Group, Aliko Dangote, on Thursday said there is no rivalry between his organisation and the Nigerian National Petroleum Company Limited (NNPCL), reaffirming a shared commitment to collaboration in Nigeria’s energy sector. Dangote made the

President Bola Tinubu has welcomed new initiatives by Qatari investors to explore opportunities in the agricultural sector and assured that Nigeria remains open to strategic partnerships. The President gave the assurance on Friday at the State House while receiving Dr Mohammed bin

The Securities and Exchange Commission (SEC) has issued a public warning regarding the activities of Property World Africa Network (PWAN) and its affiliate, PWAN MAX, cautioning Nigerians against investing in the entities. According to the notice released, signed by the management, “the

The Bank of England is widely expected to cut its key interest rate by a quarter point on Thursday as US President Donald Trump’s planned tariffs threaten to weaken economic growth. It follows the Federal Reserve’s decision Wednesday to freeze US borrowing

The Senate has passed two out of four major tax reform bills, marking a significant milestone in the ongoing overhaul of the nation’s tax administration framework. The two bills, one seeking to repeal the Federal Inland Revenue Service (Establishment) Act and another

OpenAI has agreed to buy artificial intelligence-assisted coding tool Windsurf for about $3 billion, Bloomberg News reported on Monday, citing people familiar with the matter. The deal has not yet closed, the report added. Windsurf, formerly known as Codeium, had recently been