Friday, August 28, 2026

Economy

August 6, 2026

Santuscom exports products to UK market

Its CEO disclosed this in a statement on Thursday. He said the products were first introduced in England before distribution was extended to Wales, Scotland and Northern Ireland.

Santuscom Foods Ltd
August 6, 2026

Mobile Programming, A-1 Technology to pay $2.35 million over fraudulent COVID-19 relief loans

Mobile Programming applied for and received a $1,326,949 Second Draw PPP loan. A-1 Technology applied for and received a $184,287 Second Draw PPP loan.

Mobile Programming, A-1 Technology
August 6, 2026

Canadian cybercriminal hacks 165 U.S. companies, organisations, extorts millions of dollars; faces decades in jail

Mr Moucka faces a mandatory minimum penalty of two years in prison on the aggravated identity theft count and a maximum penalty of 30 years in prison on the remaining counts.

A hacker on a computer used to illustrate the story.
August 6, 2026

Trump admin revokes ISS’s BRL as corporate consulting expands proxy influence

ISS and Glass, Lewis & Co LLC control over 90% of the proxy advisory market, and their clients’ holdings represent a significant ownership stake in the U.S.

August 6, 2026

Nigeria, other African countries warned about maritime investment

The United Nations-accredited expert, Chidi Onuoha, described the Blue Economy as Africa’s next frontier for inclusive growth, employment and industrial development.

Maritime economy
August 6, 2026

AIICO grows second quarter profit by 18.9%, retains composite licence

AIICO posted an 18.9 per cent increase in profit after tax to N13.4 billion for the second quarter of 2026, from N11.3 billion recorded in the corresponding period of 2025.

AIICO
August 6, 2026

Iran, Oman seal deal on Strait of Hormuz shipping route

Iran’s foreign ministry spokesman, Esmaeil Baghaei, said on Wednesday that authorities in Iran and Oman were working on a joint statement to announce the agreement.

Vessels along Strait of Hormuz (Photo credit: Benoit Tessier/File Photo/Reuters]
August 6, 2026

Dangote Refinery drops PMS to ₦1,165/litre, diesel to ₦1,570/litre 

The price review reflects Dangote Refinery’s ongoing efforts to enhance energy affordability, improve access to refined petroleum products.

Dangote Refinery
August 6, 2026

Dangote, Canada’s prime minister discuss investment partnerships

Dangote emphasised the growing potential for collaboration between African and Canadian businesses, noting that closer economic ties would unlock new opportunities.

Dangote, Canada’s prime minister
August 5, 2026

U.S. trains over 200 Nigerian entrepreneurs in manufacturing programme

Ms McKay said the training underscored the U.S. commitment to entrepreneurship.

U.S. trains over 200 Nigerian entrepreneurs in manufacturing programme