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OPEC+ plans oil quota hikes to restore 1.65m bpd cuts

By Yinka Kolawole, with agency report The Organisation of Petroleum Exporting Countries and its allies, known as OPEC+, are planning to continue a gradual increase in oil production quotas with a target of fully restoring a 1.65 million barrels-per-day output cut introduced in 2023 by September this year. According to a Bloomberg report yesterday, the alliance […]

Police extradite wanted cyber-fraud suspect to United States

“The syndicate reportedly created fake online identities and dating profiles to establish fraudulent emotional relationships with victims before manipulating them into sending large sums of money under false pretences and fabricated emergencies.

ELECTRICITY: TCN records 276 tower vandalism in 3 years

By Mariam Eko The Transmission Company of Nigeria, TCN, said it recorded about 276 vandalized infrastructure from 2022 to 2025 nationwide. Speaking at the public sensitization on the ills of vandalism of TCN infrastructure held at Itori, Ewekoro, Local government area, Ogun State, the General Manager, TCN, Lagos region, Engr. Adeshina Adeonipekun noted: “I can recall […]

PenCom grants PFAs waiver to invest in Dangote Refinery IPO

By Yinka Kolawole The National Pension Commission (PenCom) has granted Pension Fund Administrators (PFAs) a special regulatory waiver to invest pension assets in the forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE. The approval, contained in a circular dated May 13, 2026, temporarily suspends some of the strict investment requirements that ordinarily […]

Grey joins Moonshot 2026 as headline sponsor

TechCabal is announcing Grey, the US-based global cross-border payments company serving nearly three million users across 70 countries, as the headline sponsor of Moonshot 2026

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