August 4, 2025

Finance

Business Economy

AGF Orders Probe into Mele Kyari Over $2bn Crude-for-Loan Allegations Amid Growing Protests

The Attorney General of the Federation (AGF), Lateef Fagbemi (SAN), has announced the initiation of an investigation into Mele Kyari, the former Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), following serious allegations involving a $2 billion crude-for-loan deal. This investigation is in response to protests and growing public concern over a

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Business

EFCC Probes Suspect Arrested With $578,000 at Lagos Airport.

The Economic and Financial Crimes Commission (EFCC) has launched an investigation into Okorie Sunday, who was arrested by the Nigeria Customs Service (NCS) at Murtala Muhammed International Airport, Ikeja, Lagos, for false currency declaration. Sunday was apprehended on March 19, 2025, upon arrival from Johannesburg, South Africa. False Declaration and Seizure.He initially declared $279,000 at

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Business

Apple TV+ Loses Over $1bn Annually.

Apple Inc. is reportedly losing more than $1 billion per year on its streaming service, Apple TV+, according to a recent report by The Information. The report revealed that Apple has been spending over $5 billion annually on content since launching Apple TV+ in 2019. However, the company reduced this expenditure by approximately $500 million

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Business

Apapa Customs Command Sets Record with N18.9bn Revenue Collection in a Single Day

The Apapa Area Command of the Nigeria Customs Service (NCS) has achieved a historic milestone, generating a record-breaking revenue of N18.9 billion in a single day on Friday, March 14, 2025. Announcing the achievement in a statement on Monday, the Command’s Public Relations Officer, Tunde Ayagbalo, described the feat as the highest daily revenue collection

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