Business

Lagos secures $22m FDI to expand fibre optic

  • 20th May 2025
FG plans major fiber-optic cable expansion across Nigeria

Nigeria’s digital economy attracted $191m foreign investment in

  • 20th May 2025

May & Baker urges FG to ensure prompt

  • 19th May 2025

UK introduces new rules to protect buy-now, pay-later

  • 19th May 2025

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Russian court fines Apple over alleged LGBT violations

Russian court fines Apple over alleged LGBT violations

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Microsoft brings Elon Musk’s Grok AI to cloud service Azure

Microsoft brings Elon Musk’s Grok AI to cloud service

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Nike lays off tech workers, shifts work to external vendors

Nike lays off tech workers, shifts work to external

News
Delta can sue CrowdStrike after outage canceled 7000 flights

Delta can sue CrowdStrike after outage canceled 7000 flights

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Russian court fines Apple over alleged LGBT violations
News

Russian court fines Apple over alleged LGBT violations

A Russian court has fined U.S. tech company Apple a total of 10.5 million roubles (approximately $130,000) in four separate administrative cases, three of which relate to alleged breaches of the country’s laws against LGBT “propaganda,” court officials said Monday. According to the Moscow courts’ press office, the Tagansky District Court found Apple Distribution International […]

Microsoft brings Elon Musk’s Grok AI to cloud service Azure
News

Microsoft brings Elon Musk’s Grok AI to cloud service Azure

Microsoft has become one of the first major cloud providers to offer managed access to Grok, the artificial intelligence model developed by Elon Musk’s AI startup, xAI. The move was announced Monday as part of an expansion of Microsoft’s Azure AI Foundry platform. Customers can now access Grok 3 and Grok 3 Mini through Azure, […]

Nike lays off tech workers, shifts work to external vendors
News

Nike lays off tech workers, shifts work to external vendors

Sportswear giant Nike has begun laying off employees within its technology division, the company confirmed on Monday. The move is part of a restructuring effort that will see some of the division’s work outsourced to third-party vendors. The number of affected employees has not been disclosed, and it remains unclear how large Nike’s technology workforce […]

Delta can sue CrowdStrike after outage canceled 7000 flights
News

Delta can sue CrowdStrike after outage canceled 7000 flights

A Georgia state judge has ruled that Delta Air Lines can proceed with major parts of its lawsuit against cybersecurity company CrowdStrike, which it blames for a catastrophic computer outage that forced the airline to cancel 7,000 flights in July 2024. Fulton County Superior Court Judge Kelly Lee Ellerbe said on Friday that Delta may […]

Musk's Starlink challenges China's broadband satellite
News

Nigeria, African nations launch space agency to bridge climate data gap

The African Space Agency officially opened last month under the African Union, with its headquarters in Cairo. Still in the process of staffing key roles, the agency will coordinate national space programs across the continent. Its goal is to enhance Africa’s space infrastructure by launching satellites, establishing weather stations, and ensuring data sharing within Africa […]

News

Ebonyi raises monthly pay to N500,000 for doctors

The Governor of Ebonyi State, Francis Nwifuru, has announced that the monthly salaries and allowances for newly recruited medical doctors in the state will be increased from N150,000 to N500,000. Nwifuru made this disclosure on Monday in Abakaliki during the launch of the state’s health activation programme, a preparatory step for the upcoming Drug Revolving […]

featured

Nigerian banking sector remain safe, CBN dismisses distress report

The Central Bank of Nigeria has confirmed the stability and safety of the country’s banking sector amid circulating unverified social media reports alleging distress in a regulated financial institution. In a statement on Monday signed by Acting Director of Corporate Communications Hakama Sidi Ali, the CBN urged the public to ignore misleading information and to […]

Business

Lagos secures $22m FDI to expand fibre optic network

The Lagos State Government has secured a $22 million foreign direct investment aimed at expanding its fibre optic infrastructure to enhance smart connectivity and digital growth. This development was shared on Monday by the Special Adviser to the Governor on Infrastructure, Engr. Olufemi Daramola, during a ministerial press briefing marking the second anniversary of Governor […]

Aviation

BASA: Nigeria, UAE permit ticket sale in dollars 

The Federal Government of Nigeria and the United Arab Emirates have signed an updated Bilateral Air Services Agreement, allowing airfares between the two nations to be paid in U.S. dollars and other freely convertible currencies. The agreement, confirmed by sources, marks a resolution to a prolonged diplomatic and commercial dispute that led to Emirates Airlines […]

FG plans major fiber-optic cable expansion across Nigeria
Business

Nigeria’s digital economy attracted $191m foreign investment in Q1 – Minister

Nigeria’s Communications and Digital Economy sector has recorded a remarkable $191 million in foreign direct investment in the first quarter of 2024, a ninefold increase from $22 million in the same period last year, according to a statement from the Presidency. The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, announced the figures during […]

92 million Nigerians without access to electricity - FG
Electricity

Electricity woes persist as 3,000MW govt plants remain dormant

Nigerians continue to face persistent power outages as the Niger Delta Power Holding Company struggles to harness its installed capacity of over 4,000 megawatts, generating just 1,000 MW, according to a recent report by the Nigerian Electricity Regulatory Commission. The NERC report highlights significant underperformance across NDPHC-managed power plants, with only the Ihovbor 2 plant […]

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