Business

A New Mexico judge has ordered Meta to pay $25 billion after finding that the company repeatedly misled the public over how Facebook users’ data was handled.

The World Bank has urged the Federal Government and state governments to establish a sustainable funding system for social protection, following the disbursement of N658.9bn to 10.46 million poor and vulnerable households by September 2026.

The University of Lagos has introduced a three-month pilot programme with food delivery platform Swoop to improve campus security by restricting deliveries to registered riders operating through approved services.

Finance Minister Taiwo Oyedele has said the Nigerian National Petroleum Company (NNPC) Retail Limited’s petrol discount is not expected to reduce dividend payments to the Federation Account, arguing that increased sales could offset lower profit margins.

The Nigerian National Petroleum Company Limited (NNPC) has clarified that its 30-day petrol discount does not introduce a uniform pump price nationwide or reverse Nigeria’s market-based petroleum pricing policy.

Vatar Incorporated, the company behind viral Nigerian browser game Lagos Life, has raised $500,000 in pre-seed funding at a $10 million valuation, days after its incorporation.

The Federal Government has approved the modernisation and upgrade of the Onne, Rivers, Delta and Calabar ports as part of plans to expand Nigeria’s maritime capacity and reduce the concentration of cargo traffic in Lagos.

Aliko Dangote has confirmed plans to list his group’s fertiliser business on the stock market in 2028, while joking about Nigerian retail investors who have been demanding a “board meeting” after buying shares in his refinery.

Improved electricity supply in parts of Ibadan has renewed optimism among residents and businesses, with some households reporting enough power to keep their generators switched off for extended periods.

The Central Bank of Nigeria (CBN) has dismissed a viral document purportedly approving a $46 billion grant to a development centre, describing it as fake.

For five years, Tunisia has moved from one shortage and public-service crisis to another. Sugar, cooking oil, milk, flour, semolina, rice, coffee, medicine, fuel and meat have all, at different times, become difficult to obtain or significantly more expensive. In the summer of 2026, the list has grown to include bottled water, drinking water and electricity. Each crisis has its own immediate explanation, but their repetition points to a deeper concern: a state that too often appears to intervene only after a problem has already reached the population.

Volkswagen is preparing to eliminate about 50,000 additional jobs as the German automotive giant launches what it describes as the most extensive restructuring programme in its 89-year history, with mounting pressure from Chinese competitors, high energy costs and the expensive shift toward electric vehicles.

The Netherlands has shifted more than $10 billion worth of gold reserves away from storage locations in the United States and Canada and increased the proportion held in London, with the Dutch central bank saying the move is intended to make its reserves more accessible and strengthen the country’s preparedness for severe financial or geopolitical crises.