Africa’s richest businessman, Aliko Dangote, is close to completing a $2.5 billion private share placement for Dangote Petroleum Refinery & Petrochemicals FZE, marking a significant step toward what is expected to become Africa’s largest initial public offering (IPO). According to reports, the transaction values the Lagos-based refinery at approximately $40 billion, reflecting strong investor confidence…
Netflix has revealed that generative artificial intelligence (AI) has become an integral part of its filmmaking process, with the technology being used in nearly 300 movies and television shows during production this year. The announcement underscores the streaming giant’s growing investment in AI as it looks to enhance creativity, improve production efficiency and reduce costs…
Abia State is set to strengthen its position in Nigeria’s renewable energy and manufacturing sector following plans to establish a $145 million solar manufacturing plant in the state. Governor Alex Otti has welcomed the investment, describing it as a major milestone that will accelerate industrialisation, create jobs and drive sustainable economic growth. The solar manufacturing…
The Kano State Hisbah Board has announced a statewide ban on the mobile phone movie download business, prohibiting the distribution of films and video content through mobile devices across all 44 local government areas of the state. The decision, according to the board, is part of ongoing efforts to uphold public morality, promote good conduct…
The Federation Account Allocation Committee (FAAC) has shared a total of ₦2.550 trillion among the Federal Government, the 36 state governments and the 774 local government councils as revenue allocation for June 2026. The distribution was approved during the committee’s July 2026 meeting held in Abuja. The Director of the Office of the Accountant General…
Social media platform X has unveiled a major update to its creator revenue-sharing program, introducing a more advanced system designed to identify stolen content and ensure that original creators receive the earnings they deserve. The move marks another step in X’s efforts to improve content authenticity while cracking down on users who exploit the platform’s…
The Federal Capital Territory (FCT) High Court sitting in Apo, Abuja, has ordered the final forfeiture of assets valued at more than N8.9 billion linked to businesswoman Aisha Achimugu, handing them over to the Federal Government. The ruling, delivered on Thursday, July 16, 2026, followed an application filed by the Economic and Financial Crimes Commission…
The Federal Government of Nigeria has successfully concluded the emergency evacuation of Nigerians affected by the recent wave of xenophobic attacks in South Africa, bringing home more than 1,500 citizens through a series of government-sponsored flights. The final evacuation flight arrived at the Murtala Muhammed International Airport in Lagos on Wednesday, carrying 308 Nigerian returnees…
Iraqi Prime Minister Ali al-Zaidi has announced that all United States troops stationed in Iraq will complete their withdrawal by the end of September, marking the end of a prolonged American military presence that has spanned more than two decades. The announcement was made on Tuesday during the prime minister’s visit to the White House,…
Popular Nigerian social media activist Martins Vincent Otse, widely known as VeryDarkMan (VDM), has been honoured with the traditional chieftaincy title of Atayese of Yorubaland by the Oluwo of Iwoland, Oba Abdulrasheed Adewale Akanbi, Telu I. The title was conferred during a ceremony held on Wednesday at the monarch’s palace in Iwo, Osun State, where…
