State-run oil firm, the Nigerian National Petroleum Company Limited (NNPCL) said it generated N2.57 trillion revenue in January this year. According to the NNPCL monthly report of January 2026, it also posted N385 billion profit after tax (PaT). NNPCL further disclosed that in the period under review, N726 billion was remitted into the Federation account…
Billionaire industrialist, philanthropist, and Chairman of BUA Group, Abdul Samad Rabiu, has emerged as Africa’s biggest wealth gainer in the 2026 Africa’s Richest People ranking published by Forbes, after his net worth rose sharply over the past year. According to the latest Forbes list, Rabiu’s wealth surged 120 per cent to $11.2 billion, representing the…
By Ajibola Akindele In West Africa, the integrity of electrical infrastructure must become a non-negotiable prerequisite. Our region is going through exciting growth, from commercial skyscrapers in Lagos, industrial factories in Tema to rural electrification schemes in Burkina Faso, which is why the time is now to ensure the quality of electrical components are safe,…
TECNO, the AI-driven innovative technology brand, at the Mobile World Congress (MWC) announced a new collaboration with Tonino Lamborghini, the Italian lifestyle experience brand renowned for its heritage, boldness and uncompromised spirit. The partnership is borne out of a shared vision of innovation and modern lifestyle experience. More than a collaboration, this partnership is an…
THE Federal Government of Nigeria has inaugurated a Textile Steering Committee to develop the framework for establishing the Cotton, Textile and Garment Development Board (CTGDB), in a renewed push to revive Nigeria’s struggling cotton and textile industry. The Secretary to the Government of the Federation (SGF), Senator George Akume, who inaugurated the committee in Abuja,…
INDUSTRY body, the Global System for Mobile Communication Association (GSMA), six African telcos and original equipment manufacturers (OEMs) said they will pilot $40 (about N55,000) entry-level fourth generation (4G) smartphones in Nigeria and other five African countries this year. This initiative is coming as report showed that some 710 million Africans live close to a…
SPEAKER, House of Representatives, Abbas Tajudeen has warned that climate inaction could cost Nigeria up to 30 per cent of its Gross Domestic Product by 2050 equivalent to about $460 billion. The Speaker said the impacts of climate change are already being felt across the country with serious economic and environmental consequences, while calling for…
GLOBAL system for mobile communication association (GSMA) has conferred a rare Lifetime Achievement Award on Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, recognising his role in reshaping the global telecommunications landscape and expanding connectivity across operators, governments, businesses and billions of consumers worldwide. Bestowed on only a handful of industry leaders in the…
ARTIFICIAL intelligence (AI)-generated scams are no longer clumsy phishing emails replete with typos. Today’s fraud is polished, personalized, and emotionally intelligent–and it’s working as people are falling prey to their antics. Recent data has shown that investment scams dominate the AI-assisted scam, accounting for roughly between 45 and 47 per cent of total losses. Impersonation…
