Thursday, August 27, 2026

Economy

August 21, 2026

EFCC arrests, arraigns Brookfield Holdings CEO Olatunji Adebola for alleged N1 billion fraud

Brookfield Group Holdings and its CEO, Olatunji Adebola, were arraigned on Thursday before Justice C. Ngozi of the FCT High Court, Maitama Division, on allegations of N990 million fraud.

CEO, Olatunji ‘Whitelion’ Adebola
August 20, 2026

U.S. court fines Google $700 million over Android app monopoly

The fine resulted from a multistate lawsuit filed by 53 attorneys general across U.S. states and came after about five years of litigation.

Google
August 20, 2026

NDDC plans investment in tourism to reduce oil dependence

Mr Ogbuku said the NDDC would support a three-year strategic programme to transform Bonny Island and the Niger Delta region into a globally competitive tourism destination.

Niger Delta Development Commission (NDDC)
August 20, 2026

Wike slams Atiku over plan to restore fuel subsidy, brands ex-VP ‘voodoo economist’ 

“Atiku, who is confused, who acts like a voodoo economist, will say anything just to be president,” Mr Wike said.

Rivers State governor, Nyesom Wike and Atiku Abubakar
August 20, 2026

FG invests in 90,000km fibre network to boost connectivity

Mr Tijani said the project, expected to be substantially advanced by December, will position Nigeria’s fibre network among the longest in Africa.

Bosun Tijani
August 20, 2026

40 vehicle assembly plants now operational in Nigeria, says NADDC 

The National Automotive Design and Development Council (NADDC) says nearly 40 vehicle assembly plants are currently operational nationwide.

A vehicle assembly plant in Nigeria
August 20, 2026

12 ships laden with petroleum products, other commodities arrive Lagos ports

About 12 ships have arrived at Lekki, Tin-Can and Apapa ports in Lagos, waiting to discharge petrol and other commodities.

Cargo ship used to illustrate the story
August 20, 2026

India leads coconut production with 31% of global output

India produced more than 20.3 billion coconuts in 2024–2025 across approximately 2.19 million hectares, with average productivity reaching 9,249 nuts per hectare.

A heap of coconuts
August 20, 2026

Nigerian national Akinpelumi Oyewusi convicted of wire fraud, identity theft in U.S.

Akinpelumi Olawale Oyewusi, 60, of Hyattsville, Maryland, is charged with wire fraud conspiracy and aggravated identity theft in connection with the white-collar crime.

August 20, 2026

Women in business, politics summit to honour 10 Nigerian women

Ten Nigerian women from business, politics and other fields are set to receive honours at the Women in Business and Politics Summit 2026 in Abuja.

Natasha Akpoti-Uduaghan