President Bola Tinubu has urged Nigerians to embrace tax payment as a vital responsibility needed to fund infrastructure, healthcare, education and welfare programmes for vulnerable citizens. Speaking on Friday, May 15, at the Africa CEO Forum in Kigali, the president said many Nigerians expect improved public services without contributing through taxes. “Everyone wants development, but…
Aliko Dangote, Africa’s richest man, has explained why he abandoned his long-held ambition of buying Arsenal F.C., saying he chose to focus instead on completing the $20 billion Dangote Refinery project. Dangote made the revelation during a recent podcast interview with Nicolai Tangen. According to the billionaire businessman, Arsenal was valued at around $2 billion…
Transport costs for fans travelling to World Cup matches at MetLife Stadium have been reduced following criticism over the original pricing. Train tickets have been cut from $150 (£111) to $98 (£73), while shuttle bus fares have dropped sharply from $80 (£59) to $20 (£15) after supporters raised concerns about affordability. Thomas Concannon, head of…
Trump Media & Technology Group, the parent company of Truth Social, has announced a net loss of more than $405 million for the first quarter of 2026. According to the company’s latest earnings report, Trump Media posted a net loss of approximately $405.9 million during the first three months of the year. The company reported…
Nigerian businessman and BUA Group founder, Abdul Samad Rabiu, has reportedly surpassed Johann Rupert to become Africa’s second richest person, according to the latest Bloomberg Billionaires Index. Rabiu’s net worth is now estimated at $18.6 billion, placing him 138th on the global wealth rankings after reportedly gaining about $8.47 billion since the beginning of the…
OpenAI President Greg Brockman has offered a revealing account of the tensions that shaped the company’s early days, describing high-stakes disagreements over its future direction. Speaking on Tuesday, May 5, Brockman said the push to transition into a for-profit structure went beyond financial survival and was linked to Elon Musk’s broader ambitions for interplanetary colonization.…
Nigeria’s non-oil export sector reached a record high in 2025, with total export value rising to $6.1 billion and market access extending to 210 countries, according to the Nigerian Export Promotion Council. The agency’s Executive Director, Nonye Ayeni, disclosed the figures in Abuja during a conference themed “Strengthening Women-led Businesses for Resilience, Recovery and…
Super Eagles and Victor Osimhen striker has been hit with a lawsuit by Mercedes-Benz over an alleged unpaid car lease dating back to his time in Italy. Mercedes-Benz Financial Services Italia S.p.A. filed a formal criminal complaint in Milan, accusing the 2023 CAF Player of the Year of failing to meet payment obligations tied to…
The Dangote Refinery has raised the price of petrol, increasing its ex-depot rate for Premium Motor Spirit (PMS) by N75 per litre, while also suspending product sales due to a disruption in its Proforma Invoice process. Data from Petroleumprice.ng, along with confirmation from a refinery official on Wednesday, showed that the loading price for petrol…
Lagos State has become the most indebted state in the country. Data from the National Bureau of Statistics (NBS) shows that as of the fourth quarter (Q4) of 2025, Lagos owes N1.22 trillion in domestic debt and $1.17 billion in external debt. In its Q4 2025 debt report released on Monday, April 27, the NBS…
