Business

Aradel Holdings announces plans to begin refining petrol

  • 13th August 2026

DMO raises N5.86bn via savings bond in August

  • 13th August 2026

OPay’s transaction value hits $358bn, doubles ahead of

  • 13th August 2026

Geregu Power assures stakeholders amid debt concerns

  • 13th August 2026

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Aradel Holdings announces plans to begin refining petrol in

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DMO raises N5.86bn via savings bond in August

Business

Apple seeks news content deals for upgraded Siri AI

Tech

Taiwan uncovers ‘first-of-a-kind’ AI-assisted cyberattack

Tech

Blog

Samsung adds Galaxy AI features to more devices
Tech

Samsung adds Galaxy AI features to more devices

Samsung has announced the launch of its Galaxy AI features to a broader range of devices through the upcoming One UI 6.1 update, scheduled for a late March release. The expanded compatibility will include the Galaxy S23 series, S23 FE, Z Fold5, Z Flip5, Tab S9 Ultra, Tab S9+, and Tab S9. Initially unveiled with […]

Google appoints new leader for Gemini AI development
Tech

Google to pause Gemini AI’s image generation over inaccuracies

Following inaccuracies in some historical depictions generated by its Gemini AI models, Google has decided to temporarily halt the use of its AI tool that creates images of people. The Gemini AI image generation feature was introduced earlier this month, but concerns were raised on social media as users observed historical images that were occasionally […]

Reddit launches AI-powered feature to compete with search engines
Tech

Reddit partners Google in AI content deal

Social media platform, Reddit has entered agreement with Google, an Alphabet-owned company, to provide its content for the training of the search engine giant’s artificial intelligence models. Valued at approximately $60 million per year, the contract highlights Reddit’s strategic move to generate additional revenue, especially as it gears up for a high-profile stock market debut. […]

Average price of 12.5kg cooking gas hits N16,500 in south south states
News

FG stops cooking gas export to stabilize price

The Federal Government, on Thursday, February 22, announced its implementation of measures to address the scarcity and surging costs of Liquefied Petroleum Gas, commonly known as cooking gas, by ceasing its export. During the “Internal Stakeholders’ Workshop” in Abuja, focusing on “Harnessing Nigeria’s Proven Gas Reserves for Economic Growth and Development,” Minister of State for […]

Senate approves Yuguda, Cardoso, others as MPC members
Appointments

Senate approves Yuguda, Cardoso, others as MPC members

The appointment of twelve individuals to the Central Bank of Nigeria’s Monetary Policy Committee has been approved by the Senate. According to Channels TV, this confirmation follows the discussion of a report by the CBN’s Committee on Banking, Insurance, and Other Financial Institutions Committee in plenary on Thursday. Days before the top bank’s first policy […]

Lagos unveils plan to tax remote workers to generate N200bn
News

Hardship: Lagos restores 25% transport subsidy

The Lagos State Government has announced that a 25% fare reduction will be restored for all state-managed transport services as of tomorrow, Friday, February 22, 2024. According to the Times, a tweet on the Lagos State Government’s official X account indicated that “Governor Babajide Sanwo-Olu made this news on Thursday during a press briefing with […]

FG begins construction of 700km Lagos-Calabar highway
News

FG aims to create 2m jobs from creative industry

By Melvin Onwubuke   The Federal Government has disclosed it’s plans to generate 2 million jobs within Nigeria’s Creative Industry by 2027. This follows the announcement by the Minister of Arts, Culture and Creative Economy, Hannatu Musawa; according to nairametrics report. She stated during an interactive session with the Nigerian Economic Summit Group in Abuja, […]

US seeks bilateral expansion, prosperity with Nigeria
News

US seeks bilateral expansion, prosperity with Nigeria

By  Melvin Onwubuke The United States has disclosed, it is soliciting ways to bilaterally expand the trade and investment, and safe guard the prosperity between the United States and Nigeria. This was contained in a statement by Mike Ervin, The Political and Economic Section Chief, US Consulate, Lagos, according to The Punch. He stated that […]

Kenya waives visa fees for Ethiopia, five other nations
News

Kenya waives visa fees for Ethiopia, five other nations

Kenya has started making some adjustments to its online visitor registration service in an effort to facilitate travel into its borders. According to Business Insider, this will include a visa fee waiver for select partner nations. The fee waiver follows bilateral agreements between several nations that took effect on February 15. The project intends to […]

Nestle, others cost equity market 51bn loss
News

Equity market enters green zone, gains N165bn

Tuesday saw the return of the equity market to the green after two days of negative activity. According to The PUNCH, after losing about N2.5 trillion over the course of the previous two trading days, investors saw N165 billion added to their holdings. The market capitalization finished at N55.46 trillion, the benchmark index settled at […]

Nigeria's FX reserves hits $32.3bn, rises by $262m
Economy

Nigeria’s money supply hits N93.72trn in January 2024

Nigeria’s broad money supply reached a historic high of N93.72 trillion in January 2024, marking an impressive ascent. This figure represents a remarkable 76% surge from the N53.14 trillion recorded in January 2023, indicating substantial year-on-year growth of N40.48 trillion. Additionally, compared to December 2023’s figure of N78.74 trillion, this represents a robust 19% increase, […]

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