Business

The Nigerian Government has insisted there are no plans at the moment to increase electricity tariffs for any category of grid consumers. This was made known in an official statement issued on X on Saturday by the Special Adviser to the President on Power Infrastructure in the Office of the Vice President, Sadiq Wanka. Wanka said media reports had misrepresented comments he made earlier in the week. “There is no planned tariff hike for any grid consumer across any service band. The government remains committed to protecting vulnerable households through continued tariff support,” Wanka stated. Wanka explained that his remarks, delivered during a presentation at the Asharami Square 3.0 event in Lagos on July 22, 2026, focused on investment opportunities in the power sector and t...

The Nigeria Police Force has dismissed reports calling the Inspector-General of Police, Olatunji Disu, has issued a “shoot-on-sight” order against people carrying illegal arms.  AkwaIbom News On Friday, July 24, it was widely reported that the police chief while speaking at a stakeholders meeting in Benue, ordered police officers to shoot on sight anyone found carrying illegal firearms. However, in a clarification issued on Saturday, the Force said the IGP had been referring to Force Order 237, which governs the legal and operational conditions for the use of firearms by police officers. The clarification, titled “Clarification: What the Inspector-General of Police Actually Said in Makurdi,” was accompanied by a video of Disu’s remarks at the meeting. “At a stakeholder...

A woman has reportedly found herself at the centre of an online controversy after a private nude video she allegedly intended to send to her boyfriend was mistakenly shared with the wrong recipient and later surfaced on the internet. According to reports circulating online, the woman accidentally sent the intimate video to an unintended person. The clip later spread across social media platforms, leaving her exposed and sparking conversations about digital privacy and the dangers of sharing sensitive content online. The incident has drawn attention to the growing concerns around online privacy breaches, with many users warning about the need to be cautious when handling personal materials on digital platforms. Cybersecurity experts have repeatedly advised people to avoid sharing i...

The Nigerian Civil Aviation Authority (NCAA) has warned that it may suspend Royal Air Maroc’s operations in Nigeria over alleged persistent violations of consumer protection regulations and unresolved passenger complaints. The warning was disclosed in a statement by the NCAA’s Director of Public Affairs and Consumer Protection, Michael Achimugu, who said the regulator is considering stronger enforcement measures after the airline allegedly failed to improve despite sanctions imposed in 2025. According to Achimugu, the NCAA is prepared to recommend the suspension of the Moroccan carrier’s operations until it demonstrates a commitment to complying with Nigeria’s consumer protection standards. He stressed that the authority would not tolerate continued disregard for passenger rights,...

The United States has announced a new 12.5 per cent tariff on goods imported from Nigeria.  This places Nigeria among dozens of trading partners penalised under a policy aimed at combating forced labour in global supply chains. The decision, released by the Office of the United States Trade Representative, affects 60 economies that Washington says have not adopted or effectively enforced bans on the importation of products made with forced labour. Under the policy, countries that have introduced, or pledged to introduce, such restrictions will attract a lower tariff of 10 per cent. Those countries include India, Indonesia, Malaysia, Mexico and the United Kingdom. According to the USTR, the action followed investigations launched in May 2026 under Section 301 of the Trade Act, cover...

A Senate bill seeking to compel social media platforms, including Meta, Google, and X, to establish physical offices in Nigeria has progressed after receiving broad support from stakeholders at a public hearing.  NigerianFootball News The proposed legislation seeks to amend the Nigeria Data Protection Act 2023 to mandate social media platforms operating in the country to maintain physical offices in Nigeria. The bill was considered at a public hearing organised by the Senate Committee on ICT and Cyber Security. Speaking at the hearing, the committee chairman stated that the social media bill was designed to strengthen the protection of Nigeria’s cyberspace, while the accompanying AI academy bill would provide a centre of excellence for artificial intelligence education and re...

Google's profits have quadrupled to $112billion (£84billion), following its investments in AI. In the firm's latest quarterly update, CEO Sundar Pichai said that the successful quarter was due in part to growth of its AI model Gemini and AI search queries, as well as YouTube, where more than 1.7 billion unique viewers tuned in to videos related to the 2026 FIFA World Cup. 'Our AI investments are redefining what's possible across every part of our business,' Pichai said. According to MailOnline, the company recorded more than $119billion in total revenue between April and June, up 24 percent compared to the same period last year. Its cloud business recorded more than $24billion in the quarter, and its net profit quadrupled to over $112billion - boosted massively by its AI-relate...

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians that the ₦100 and ₦200 notes remain valid legal tender despite their apparent scarcity across the country. Speaking after the Monetary Policy Committee (MPC) meeting in Abuja on Tuesday, Cardoso attributed the reduced circulation of the lower-denomination notes to the increasing adoption of digital payment systems and changing demand for physical cash. He emphasized that the apex bank has not withdrawn any currency denomination from circulation and urged Nigerians to continue accepting the ₦100 and ₦200 notes for transactions. According to him, all existing naira denominations remain legal tender unless the CBN officially announces otherwise. Cardoso explained that the decline in the avail...

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The Federal Government has introduced a new consumer credit initiative that enables eligible Nigerians to acquire laptops, smartphones, tablets, and other digital devices through flexible payment plans. The programme, known as the Credit for Laptops, Internet, Connectivity and Knowledge Digital Devices (C.L.I.C.K.D.), allows beneficiaries to obtain digital devices on credit and repay the cost over time instead of making a one-time upfront payment. The initiative is being implemented by the Nigerian Consumer Credit Corporation (CREDICORP) in collaboration with the Federal Ministry of Communications, Innovation and Digital Economy. The scheme was officially launched on Tuesday in Abuja by the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, alongside the...