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Kenya Ready to Break Ground on $17bn Dangote-Backed Lamu Refinery, Ruto Says

Leave a Comment / Business, Energy /

Kenyan President William Ruto says his country is ready to break ground on a proposed oil refinery in Lamu being developed with Nigerian industrialist Aliko Dangote. Ruto made the announcement after meeting Dangote and Africa Finance Corporation President and Chief Executive Samaila Zubairu on the sidelines of the United Nations General Assembly in New York.

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Leave a Comment / Business, Energy /

Nigeria’s Bonny Light crude rose to $126.32 per barrel on 15 September, according to Central Bank of Nigeria data reported by The PUNCH, adding to concerns that already high petrol prices could face further pressure. The Nigerian crude grade was reported at $123.28 a barrel a day earlier, meaning the latest figure represents an increase

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Apple challenges UK secrecy over encrypted iCloud access order

Leave a Comment / Business, Technology & Innovation, UK Affrairs /

Apple and two civil liberties organisations have challenged the British Government’s refusal to say whether it ordered the technology company to provide access to encrypted data belonging to customers in the UK. The dispute was considered by the Investigatory Powers Tribunal in London on Thursday, amid continuing concern about the effect that government access requirements

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King Charles Warns AI Leaders of ‘Existential Dangers’ if Technology Falls Into Wrong Hands

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King Charles III has warned leading technology executives that artificial intelligence could pose “existential dangers” if powerful systems fall into the wrong hands. The King delivered the warning on Thursday at an AI summit held at Dumfries House in Cumnock, East Ayrshire, Scotland. The gathering brought together representatives from Nvidia, Google DeepMind, OpenAI and Anthropic,

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UK Inflation Rises to 3.1% as Fuel and Airfares Push Prices Higher

Leave a Comment / Business, Economy & Markets /

UK inflation rose to 3.1% in August, reaching its highest level in five months as motorists faced sharply higher petrol and diesel prices. The annual Consumer Prices Index increased from 2.9% in July, according to figures released by the Office for National Statistics. The increase leaves inflation above the Bank of England’s 2% target and

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Emirates Showcases Electric Premium Economy Seat With Privacy Screen

Leave a Comment / Business, Technology & Innovation /

Emirates is showcasing a new electrically controlled Premium Economy seat designed to give passengers greater privacy and more control over their seating position. The seat is being displayed at Arabian Travel Market 2026 in Dubai and will be introduced on newly delivered Airbus A350 aircraft. According to an Emirates announcement, the upgraded Premium Economy cabin

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Japanese company unveils mobile repair unit for humanoid robots

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  A Japanese technology company has introduced a mobile maintenance vehicle designed to repair humanoid robots when they break down at workplaces. GMO AI & Robotics Corporation, known as GMO AIR, unveiled the vehicle in Tokyo on September 8. The company has named it the “GMO Humanoid Ambulance.” Despite its name and ambulance-style appearance, the

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Dangote Refinery opens ₦2.15tn public offer at ₦525 per share

Leave a Comment / Business, Economy & Markets /

Dangote Petroleum Refinery and Petrochemicals has opened its initial public offering, giving retail and institutional investors an opportunity to acquire shares in the company. The offer consists of 4.1 billion new ordinary shares priced at ₦525 each. It could raise approximately ₦2.15 trillion, equivalent to about $1.6 billion, if fully subscribed. Applications opened on Monday,

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BRICS businesses push technology and stronger trade links at New Delhi forum

Leave a Comment / Business, Technology & Innovation /

Business and government representatives from BRICS countries have called for stronger trade links, connected payment systems and greater cooperation in digital technology. The proposals were discussed at the BRICS Business Forum held at Bharat Mandapam in New Delhi, India, on Friday, 11 September 2026. The event took place one day before the start of the

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Nigeria’s trade surplus reaches ₦12.6tn as oil exports strengthen

Leave a Comment / Business, Economy & Markets /

Nigeria recorded a merchandise trade surplus of ₦12.60 trillion in the second quarter of 2026, supported by higher exports and a lower import bill compared with the same period last year. The latest Foreign Trade in Goods Statistics report from the National Bureau of Statistics showed that the total value of goods traded between April

Nigeria’s trade surplus reaches ₦12.6tn as oil exports strengthen Read More »

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