The Lagos State Government has ordered the closure of the popular Light House Club on Admiralty Way, Lekki, due to repeated violations of noise pollution regulations. Tokunbo Wahab, the State Commissioner for Environment and Water Resources, announced that a joint enforcement team from the Lagos State Environmental Sanitation Corps (KAI) and the Lagos State Environmental…
Electricity generation companies under the Association of Power Generation Companies (APGC) have expressed strong concerns over the recent decision by the Enugu Electricity Regulatory Commission (EERC) to reduce the Band A electricity tariff. They warn that this move will exacerbate the already fragile financial situation within the power sector. On Sunday, the EERC announced a…
Barclays Bank has been fined a total of £42.4 million by the Financial Conduct Authority (FCA) for shortcomings in managing money laundering risks connected to two separate cases involving WealthTek and Stunt & Co. The FCA imposed a £39.3 million penalty on Barclays for inadequate controls related to Stunt & Co, a firm operated by…
American automaker Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that poses a potential fire hazard, according to the U.S. National Highway Traffic Safety Administration (NHTSA). The recall affects specific models of the 2021–2024 Bronco Sport and 2020–2022 Escape equipped with 1.5-liter engines. The NHTSA reported that…
Linda Yaccarino, CEO of Elon Musk-owned social media platform X, announced her resignation on Wednesday, July 9, after two years in the role. While she did not provide a specific reason for stepping down, Yaccarino acknowledged that the company was entering “a new chapter” following its recent integration with xAI, Musk’s artificial intelligence venture.…
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has disclosed that the Bola Ahmed Tinubu International Conference Centre (ICC) generated ₦700 million within only three weeks of reopening. Speaking at a thanksgiving service held at St. James’ Anglican Church in Asokoro, Abuja, to commemorate the completion of various projects commissioned by President Bola…
The Asset Management Corporation of Nigeria (AMCON) has officially confirmed the sale of the Ibadan Electricity Distribution Company (IBEDC), one of the five power distribution companies formerly under its management. Gbenga Alake, AMCON’s Managing Director and CEO, announced the sale during a media briefing with senior journalists on Thursday, July 3. Alake revealed that IBEDC…
The Nigerian National Petroleum Company Limited (NNPCL) has reported a profit after tax of ₦1.054 trillion for May 2025, marking a substantial 40.4% increase from the ₦748 billion recorded in April. This information is detailed in the company’s latest Monthly Report Summary for May 2025, published on Tuesday. The report also revealed that NNPCL generated…
U.S. President Donald Trump has announced that a buyer for TikTok has been lined up, with more details to be disclosed “in about two weeks.” In an interview with Fox News, Trump stated, “We have a buyer for TikTok. I think I’ll probably need China’s approval, and I think President Xi will probably do it.”…
Global crude oil prices are nearing $80 per barrel amid escalating tensions between the United States and Iran, following reports of coordinated U.S.-Israeli airstrikes on key Iranian nuclear facilities. The market is reacting sharply, with fears growing over a potential wider conflict in the Middle East. In Nigeria, petroleum marketers warn that petrol pump prices…
