By Ayomide Otitoju The Federal Government has imposed a fine of ₦766,242,500 on Multichoice Nigeria for violating provisions of the Nigeria Data Protection Act, according to the Nigeria Data Protection Commission (NDPC). In a statement issued Sunday, Head of Legal, Enforcement, and Regulations at NDPC, Babatunde Bamigboye, said the sanction followed an extensive investigation into…
By Ayomide Otitoju The Sahara Group has announced that the second edition of Asharami Square, its flagship thought leadership platform, will focus on gas-related opportunities critical to enhancing energy access and security across Africa. Asharami Square, a Sahara Group sustainability initiative, is designed to promote responsible energy development and foster impactful media advocacy. According to…
Tesla Inc. shares slid more than 3% on Monday as investors reacted to CEO Elon Musk’s announcement that he is forming a new political party in the United States, deepening his rift with former President Donald Trump. The dip in Tesla’s stock was first observed in Frankfurt trading, with further declines expected when U.S. markets…
By Ayomide Otitoju The Dangote Petroleum Refinery is poised to become a major tool in Nigeria’s fight against inflation, according to a report by Financial Derivatives Company (FDC) Limited. Presented during the July edition of the Lagos Business School Executive Breakfast Session, the report by FDC CEO Bismarck Rewane highlighted the refinery’s role in reducing…
By Ayomide Otitoju Key members of the OPEC+ alliance, including Saudi Arabia and Russia, will meet on Saturday to deliberate on crude oil output levels, with analysts expecting a continuation of production hikes into August. The meeting—expected to be held virtually—brings together the so-called “Voluntary Eight” (V8): Saudi Arabia, Russia, Iraq, the United Arab Emirates,…
By Ayomide Otitoju Zenith Bank Plc has been ranked Nigeria’s number one bank by Tier-1 Capital for the sixteenth consecutive year, according to the 2025 edition of The Banker’s Top 1000 World Banks, published by the Financial Times Group. The bank was placed 581st globally with a Tier-1 Capital of $2 billion. The rankings, released…
Kenyan civil servant Edwin is one of many African investors who have fallen victim to CryptoBridge Exchange (CBEX), a fraudulent cryptocurrency trading platform that lured users with promises of artificial intelligence-driven profits. Edwin, who only provided his first name out of shame, lost nearly $16,000—mostly borrowed from a bank—to the scam, which collapsed in April…
By Ayomide Otitoju Shell Reaffirms Investment Commitment to Nigeria, Eyes Expansion in Bonga Fiel Shell Nigeria Exploration and Production Company Ltd (SNEPCo) has reaffirmed its commitment to investing in Nigeria’s energy sector as the country works toward energy abundance and a net-zero emissions target by 2050. Speaking at a panel session during the 2025 Nigeria…
By Ayomide Otitoju Japan is set to undertake the world’s deepest trial to extract rare earth minerals from the ocean floor, beginning in January 2026, in a bid to secure a stable supply of critical resources amid rising geopolitical tensions. Shoichi Ishii, Director of Japan’s Cross-ministerial Strategic Innovation Promotion Programme, announced the initiative on Thursday….
