X, formerly known as Twitter, has announced the termination of its creator revenue-sharing programme, with final payments to eligible creators expected to be made in September. The social media platform, owned by Elon Musk, said it stopped accepting new applications for the existing programme on August 7. The final payment cycle will cover eligible earnings…

Dangote Refinery has announced a nationwide reduction in the prices of Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (AGO), also known as diesel. The 700,000-barrel-per-day refinery on Wednesday slashed its petrol gantry price from N1,215 to N1,165 per litre, while the price of diesel was reduced from N1,650 to…

An Indian parliamentary panel has demanded an apology from Meta CEO Mark Zuckerberg over the temporary removal of a July 23 video featuring Prime Minister Narendra Modi. The video, which showed Modi addressing students during youth-led protests on July 23, was briefly taken down from Meta-owned Facebook and Instagram before being restored. The parliamentary…

The Central Bank of Nigeria (CBN) has said the increasing adoption of digital payment channels is a major reason lower-denomination naira notes have become scarce in circulation. Speaking after the Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor Olayemi Cardoso dismissed speculation that the N100 and N200 notes had been withdrawn, stressing that they…

Retail outlets of the Nigerian National Petroleum Company Limited (NNPCL) have increased the pump price of Premium Motor Spirit (PMS), commonly known as petrol, across parts of the country. NNPCL filling stations in Abuja and surrounding areas raised the price from N1,155 per litre to N1,270 per litre, representing an increase of N115 per litre.…

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), its benchmark interest rate, at 26.5 per cent. CBN Governor Olayemi Cardoso announced the decision on Tuesday after the conclusion of the 306th Monetary Policy Committee (MPC) meeting, held in Abuja from July 20 to July 21. “The committee decided as follows:…

A Federal High Court in Abuja has ordered the remand of blogger Stanley Ugagbe at Kuje Prison following his arraignment on cyberstalking and defamation charges. The case centers on alleged false publications targeting Emem Usoro, the Central Bank of Nigeria’s Deputy Governor in charge of Operations. Justice Salim Ibrahim issued the remand order on Tuesday, July 14, after Ugagbe was arraigned on six counts filed by the Inspector General of Police. What Are the Allegations? Ugagbe and a co-defendant, Fejiro Oliver (also known as Oghenetega Oghenedoro), who is currently at large, are accused of publishing a series of articles on their website www.SecretReporters.com sometime in 2026. The charges stem from headlines like: “Adulterous Woman: How CBN Deputy Governor Emem Usoro turned side chic, paraded herself as man’s wife, destroyed couple’s union.” “CBN Deputy Governor Emem Nana Usoro hides N1.4 Billion California Luxury Condo in Asset Declaration Scandal.” “CBN Deputy Governor Emem Usoro linked to N3.6 BN Los Angeles Property amidst questions over Asset Declaration Compliance.” According to the prosecution, the publications were “falsely and intentionally made” to damage Usoro’s reputation, cause a breakdown of law and order, and bully or harass her. The charges were brought under the Cybercrimes Act 2015 (as amended) and the Penal Code Act. In Court Ugagbe, of Hon Emeka Ahakaghuan Avenue, Jikwoji Phase 1, Abuja, pleaded not guilty to all counts. Prosecuting counsel K.P. Ebong asked the court to set a date for trial. Defense lawyer Adekunle Olanipekun informed the court that a bail application had been filed and was ready to be moved. However, Justice Ibrahim noted he had just been served and needed time to respond. The case was adjourned to September 24 for trial. The judge directed the prosecution to ensure all its witnesses are present on the next date. What’s Next? With Ugagbe now in Kuje Prison pending the bail hearing, all eyes will be on the September trial date. The case also brings Fejiro Oliver’s whereabouts into question, as he remains at large.

The Central Bank of Nigeria (CBN) has warned members of the public, businesses and financial institutions against rejecting the standard ₦100 banknote, reaffirming that it remains legal tender and must be accepted for transactions across the country. The clarification follows reports that some Nigerians have refused to accept the standard ₦100 note due to uncertainty…

Microsoft has announced plans to cut 4,800 jobs, representing about 2.1 per cent of its global workforce, with its Xbox gaming division among the hardest hit. The latest round of layoffs includes approximately 1,600 employees from the Xbox business, and the company has warned that additional job cuts are likely later this year as part…

The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MfBs), with the decision taking effect from July 1. The announcement was made in a statement issued on Wednesday in Abuja by the Acting Director of the CBN’s Corporate Communications Department. According to the apex bank, the action was taken…