Latest News

Stay updated with the latest currency and financial news

Filters
A leading technology company has unveiled a groundbreaking artificial intelligence system capable of processing complex data 40% faster than existing models, potentially revolutionizing industries such as healthcare and finance. The announcement was made at a global tech conference, drawing significant attention from investors and policymakers. Concerns about data privacy and ethical implications were also raised during the event. (Note: This is a placeholder based on recurring tech advancements; specific details may vary based on real-time updates.)
Source:CNN
Aug 12, 2025
Global
technology
major
positive
AI
technology
innovation
Tensions in Ukraine have escalated as a new offensive was launched in the eastern region, leading to significant casualties and displacement. Both sides have reported intense fighting, with international calls for a ceasefire growing louder. The United Nations has expressed concern over the humanitarian impact, with over 10,000 civilians displaced in the past week alone. Western leaders are set to meet to discuss further sanctions and military support. (Note: This is a placeholder based on recurring global issues; specific details may vary based on real-time updates.)
Source:Reuters
Aug 12, 2025
Ukraine
international
breaking
negative
Ukraine
conflict
war
The Federal Government of Nigeria reported generating N5.21 trillion from oil sales in the first half of 2025. This revenue is a critical component of the nation's budget, reflecting the continued reliance on oil as a primary economic driver. The report did not specify how these funds were allocated or the impact of global oil price fluctuations on the figures, but it highlights the importance of oil revenue amidst economic challenges.
Source:Punch Newspapers (MobilePunch)
Aug 12, 2025
Nigeria
business
major
positive
business
oil revenue
economy
There is growing panic within the African Democratic Congress (ADC) as the Economic and Financial Crimes Commission (EFCC) has initiated investigations targeting key members of the party. The probe is reportedly linked to allegations of financial impropriety, though specific names or details of the accusations were not disclosed in the initial report. This development has raised concerns about the political implications for the party ahead of future elections.
Source:Punch Newspapers (MobilePunch)
Aug 12, 2025
Nigeria
politics
major
negative
politics
EFCC
ADC
The Federal Government of Nigeria has expressed outrage over the illegal detention of minors, the incarceration of mentally ill persons without treatment, and the deplorable welfare conditions in correctional facilities across the country. The government condemned these practices as violations of human rights and called for immediate reforms to address overcrowding, inadequate healthcare, and unlawful detentions. Specific facilities or timelines for action were not mentioned in the initial report.
Source:Punch Newspapers (MobilePunch)
Aug 12, 2025
Nigeria
crime
major
negative
crime
human rights
correctional facilities
The Federal Government has announced plans to arraign suspects involved in the tragic attack on St. Francis Catholic Church in Owo, Ondo State, nearly three years after the incident that left many dead and injured. The delay in prosecution has drawn criticism from various quarters, with calls for faster judicial processes to ensure justice for victims of terrorism and violent crimes in Nigeria.
Source:Channels Television (channelstv)
Aug 11, 2025
Owo, Ondo State, Nigeria
crime
breaking
negative
crime
Owo attack
justice
The Niger State Government is pursuing an out-of-court settlement with a local radio station, Liberty FM, which was shut down in June 2025 over alleged inflammatory broadcasts. The closure followed the station's coverage of banditry in the state, deemed a security risk by authorities. On 2025-08-11, state officials confirmed negotiations, with the Commissioner for Information, Binta Mamman, stating, 'We aim for a resolution that upholds press freedom and public safety.' The station's management has demanded compensation for losses incurred during the shutdown. Media rights groups are monitoring the case, urging protection of journalistic independence in Niger State.
Source:Punch Newspapers (MobilePunch)
Aug 11, 2025
Niger State, Nigeria
local
regular
neutral
Niger State
radio station
press freedom
India has increased its purchase of Nigerian crude oil, strengthening bilateral trade ties, while the Dangote Refinery has resorted to importing crude oil from the United States to meet its operational demands. This development raises questions about the adequacy of local crude supply for the refinery, which is one of the largest in Africa. Analysts suggest that this dual dynamic reflects both opportunities for export revenue and challenges in domestic production capacity.
Source:Punch Newspapers (MobilePunch)
Aug 11, 2025
Nigeria
business
regular
neutral
crude oil
Dangote Refinery
India
A report by the Hague Institute for Innovation of Law (HiiL) released on 2025-08-11 reveals that over 90% of Nigerians encounter legal issues annually, with many unable to access justice due to systemic barriers. The study, conducted across 10 states, highlights challenges such as high legal costs, lengthy court processes, and lack of awareness, affecting over 100 million citizens. HiiL's Country Director, Dr. Elizabeth Nanziri, stated, 'Urgent reforms are needed to make justice accessible to all.' The report calls for digital solutions and community-based dispute resolution mechanisms. Stakeholders, including the Nigerian Bar Association, have pledged support for reforms to address these gaps.
Source:Punch Newspapers (MobilePunch)
Aug 11, 2025
Nigeria
local
major
negative
justice
HiiL
legal issues
Nigerian states have experienced a significant 68% increase in foreign debt payments, putting additional financial pressure on state governments. This surge is attributed to fluctuating exchange rates and rising interest rates globally. The report highlights concerns over the sustainability of debt repayment amidst other fiscal challenges faced by the states. Economists warn that this could lead to reduced funding for critical infrastructure and social services if not addressed through strategic financial planning and federal support.
Source:Punch Newspapers (MobilePunch)
Aug 11, 2025
Nigeria
business
major
negative
foreign debt
state finances
economy
Page 1 of 56