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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Nigerian banking sector remain safe, CBN dismisses distress report

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Lagos secures $22m FDI to expand fibre optic network

Business

BASA: Nigeria, UAE permit ticket sale in dollars 

Aviation
FG plans major fiber-optic cable expansion across Nigeria

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

Business

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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 […]

Dangote Refinery loses N32.5bn after petrol price cut
Business

Petrol prices dropped due to naira-for-crude deal – Dangote refinery

Dangote Petroleum Refinery has stated that its naira-for-crude oil arrangement has enabled it to lower the price of petrol, resulting in reduced pump prices for consumers. The company in a statement signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, on Monday, affirmed its commitment to keeping petrol prices affordable and stable, despite […]

Supreme Court awards N225bn against Fidelity bank to Ibadan firm
News

Supreme Court awards N225bn against Fidelity bank to Ibadan firm

The Supreme Court on Monday awarded N225 billion in damages to an Ibadan-based general services firm, Sagecom Concept Ltd., engaged in a case against Fidelity Bank. The ruling, delivered on April 11 by a five-member panel of justices, stemmed from Fidelity’s decision to sell off assets belonging to engineering firm G. Cappa Plc, despite a […]

Tech

Microsoft introduces autonomous AI agent in GitHub Copilot

Microsoft’s GitHub has introduced a new Copilot AI agent capable of handling specific programming tasks autonomously. Once assigned, the agent completes the work and notifies the developer when it’s done. Developers can then review the output directly on GitHub, suggest changes if needed, and approve the final version. The agent can also insert the approved […]

Tech

Qualcomm to launch AI data center CPUs linking with Nvidia

Qualcomm Inc. on Monday announced plans to launch custom central processing units designed for data centers to power artificial intelligence workloads, integrating with Nvidia Corp.’s dominant graphics processing units. The move marks Qualcomm’s strategic re-entry into the competitive data center market, aiming to capitalize on the surging demand for AI infrastructure. Nvidia’s GPUs are pivotal […]

Barge operators decries NPA's dollar charges
Maritime

NPA, terminal operator restore 970m of Apapa quay apron

APM Terminals Apapa, working with the Nigerian Ports Authority, has finished upgrading 970 meters of quay apron surface at Apapa. In a Sunday statement, APMT called the project a key infrastructure effort to enhance safety, sustainability, and efficiency at Nigeria’s busiest container terminal. According to APMT Terminal Manager Steen Knudsen, the project was completed on […]

Business

DBN eyes N1.8tn loan portfolio to boost MSMEs

The Development Bank of Nigeria is intensifying its support for Nigeria’s Micro, Small, and Medium Enterprises by aiming to expand its outstanding loan portfolio to over N1.8 trillion under its new five-year strategic plan. This was disclosed by DBN Managing Director, Tony Okpanachi, during a media briefing in Lagos. He added that the bank aims […]

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