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NITDA urges regulatory collaboration to support emerging technologies

  • 10th August 2026

Reps move to reform aviation laws, propose new

  • 10th August 2026

NCC grants Enugu 15-year lease to operate digital

  • 10th August 2026

Italian divers discover 2,000-year-old Roman shipwreck

  • 9th August 2026

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Customs uncovers 399 firearms, rifle parts at Tin Can

Ports and Airports

FG spent ₦3.14trn servicing domestic debt in Q1 —

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Naira trades at ₦1,362/$ on official FX market

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NIS deploys passport intervention team to UK

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Oil and Gas

Nigerian oil firms mandated to supply 483,000 bpd of crude oil to local refineries

The Nigeria Upstream Petroleum Regulatory Council has issued new regulations requiring oil producers to send around 483,000 barrels per day of crude oil to nearby refineries during the first half of 2024. This program is part of the efforts of Africa’s largest crude oil exporter to secure a steady supply for domestic processing. The Dangote oil refinery and […]

Smart TVs will eventually offer X's Long-Form Videos - Elon Musk
News

Elon Musk ends 2023 with $92bn profit

Elon Musk ends the year with a whopping $92 billion in year-to-date earnings in 2023, indicating a comeback for the world’s wealthiest person. According to the Bloomberg Billionaires Index, his puts Elon Musk at the top of the list, leading the pack of the combined net worth of the 500 richest people, which totals $1.5 […]

CBN stops foreign oil corporations from sending all fx proceeds abroad
Business

Non-oil revenue increases 67% to N4tn – CBN

The Central Bank of Nigeria’s third quarter report has revealed that the Federal Government’s non-oil revenue increased by 67% to nearly N4 trillion. The PUNCH revealed that according to the data, the Federal Government’s collected revenue climbed by 50.1% in the third quarter of 2023. In its third quarter economic report, the CBN stated that income […]

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FG secures $2.25bn Afrexim bank loan to tackle FX shortage

  The Federal Government on Friday obtained a foreign exchange support package worth $2.25 billion from the African Import-Export Bank. Confirming this development to Arise TV, Finance Minister Wale Edun disclosed that this sum represents the initial installment of a larger $3.3 billion facility from the bank. Emphasizing the acute shortage of foreign exchange affecting […]

Six facts about Nigerian Stock Exchange New GMD Temi Popoola
Business News

Six facts about Nigerian Stock Exchange New GMD Temi Popoola

The Nigerian Exchange Group Plc Board of Directors has announced the appointment of Mr. Temi Popoola as GMD/CEO designate, effective January 1, 2024, subject to the SEC’s formal approval of the appointment. This announcement comes ahead of Mr Oscar Onyema’s retirement as the GMD/CEO of Nigerian Exchange Group Plc. He currently holds the position of […]

Reps proposes bill to ensure timely salary payments
News

Reps proposes bill to ensure timely salary payments

House of Representatives has proposed a bill that would make it unlawful for corporations and businesses in the country to withhold or postpone paying their workers’ salary. The House representative for the Agege federal constituency in Lagos State, Wale Hammed, is the sponsor of the Employees Remuneration Protection Bill, 2023. Section 7 (1) of the […]

Passengers lament high transport costs despite FG’s 50% cut
Transportation

FG lists more motor parks eligible for 50% transport fare discounts

The Federal Government has identified eighteen additional motor parks where Nigerians travelling from one state to another can take advantage of the 50% off transportation fare scheme. These car parks may be found in Lagos, Abuja, Onitsha, Abia, Kano, Jos, Enugu, Uyo, Gombe, Jos, Port Harcourt, Sokoto, and Owerri, among other places. This information is contained […]

Nigerian Stock Exchange closes trading for 2023
Business

Nigerian Stock Exchange closes trading for 2023

The Nigerian Stock Exchange has closed trading for the year 2023 with MTN Nigeria and Dangote Cement leading the market gainers with 4.58% and 2.20% gains, respectively. According to Arise News, the Chief Executive Officer of the NGX, Temi Popoola had the renowned actor, Richard Mofe Damijo ring the closing bell. Popoola acknowledged the presence […]

Google signs $3bn US hydropower deal amid AI energy race
News Tech

Google to pay $5 billion for monitoring users

Google, a division of Alphabet, has consented to resolve a lawsuit alleging that it surreptitiously monitored the internet activity of millions of users who believed they were browsing in private. A trial in the proposed class action was slated for February 5, 2024, but U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, postponed it […]

How to migrate to 5G network
News

How to migrate to 5G network

5G is the next-generation wireless communication network that will not just be faster, more dependable, and safer than 4G, but also deliver speeds up to 30 times faster than 4G. The 5G network offers faster transmission speeds, lower latency, and thus higher capacity for remote execution. It also supports a greater number of connected devices […]

Investors purchase Geregu shares for N14bn
Business

Investors purchase Geregu shares for N14bn

40 million shares of Geregu Power Plc, worth at about N14.57 billion, were traded in three trading sessions this December in three cross-deals involving the company’s largest shareholder, Amperion Power Distribution Company Limited. The PUNCH reported that according to insider trading notices issued by the Nigerian Exchange Limited on Thursday, the transactions occurred in Lagos on […]

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