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Iran sets conditions for reopening Strait of Hormuz

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SERAP urges Tinubu, Atiku, Obi, others to publish assets

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Taraba owes ₦85.51bn not ₦1.2tn, commissioner cites official DMO

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Zenith Tech Fair finalists receive N59m
Banking News

Zenith Tech Fair finalists receive N59m

The Second Edition of the Zenith Tech Fair’s hackathon, with the subject “Future Forward 3.0,” has declared its winners. The Punch revealed that the winners of the competition, which took place on Wednesday and Thursday, November 23–24, 2023, at the Eko Convention Centre, Eko Hotels & Suites, Victoria Island, Lagos, took home a total of N59 million […]

How FG spent N231bn on arms in four years - Report
News

How FG spent N231bn on arms in four years – Report

The Federal Government spent N231.27 billion over the course of four years to buy weapons and ammunition for security agencies and police as part of its efforts to keep the country safe. According to The Punch, security agencies have claimed that despite the spending, the allocated amount is insufficient to prevent all of the nation’s […]

NNPCL reports N2.69trn in tax expenses for 2023
featured

NNPCL moves to end fuel import Dec 2024

          The Nigerian National Petroleum Company Limited has announced its plan to halt the importation of refined petroleum products by December 2024, coinciding with the full operational status of all national refineries. The company also projected an increase in revenue to N4.5 trillion by the conclusion of 2023. Additionally, the rehabilitation […]

FG targets 6500 megawatts power generation in six months
Electricity

REA launches centre to monitor Nigerian mini-grids

The Rural Electrification Agency has established a control room centre in Nigeria to monitor mini-grids. According to The Punch, this updated Energy Management System has been implemented nationwide by the federal government to monitor mini-grids, which are smaller electrical systems. The Rural Electrification Agency office in Abuja serves as the system’s headquarters. This centre serves as an […]

Access Bank to launch in Asia by 2024
Business News

Access Bank to launch in Asia by 2024

One of the largest banks in Africa, Access Bank, is almost done with the regulatory process so that it may start offering full banking services in Asia in the first quarter of 2024. This is a part of a larger global expansion target, the chief executive of its holding company told Semafor Africa. This includes […]

Instagram introduces TikTok-inspired fast-forward feature for Reels
News Tech

Instagram enables Reels for download worldwide

The head of Instagram, Adam Mosseri, announced on Wednesday that anybody in the world can now download public Reels to their devices via the app. Prior to this announcement, Reels could only be saved to the Instagram app to be viewed at a later time. According to Mosseri’s Instagram broadcast channel, Reels that are downloaded […]

X to resume headlines display - Elon Musk
News Tech

X to resume headlines display – Elon Musk

Elon Musk announced that X formerly known as Twitter, will once again display headlines after eliminating titles from preview cards containing URLs last month. Musk stated in a post on X that the company will overlay the title in the upper part of the image of a URL card in a future version. He didn’t […]

How DHQ recovered stolen 500k litres of crude oil one week
Oil and Gas

How DHQ recovered stolen 500k litres of crude oil one week

The Defence headquarters has stated that it recovered almost 500,000 gallons of stolen crude oil in one week. According to The Times, the Director of Defence Media Operations, Maj.-Gen. Edward Buba, provided some significant updates during a press briefing regarding the military’s operations on Thursday, November 23, in Abuja, He reported that throughout the last week, the […]

UK, South Korea warn against cyberattacks from North Korea
News Tech

UK, South Korea warn against cyberattacks from North Korea

The United Kingdom and South Korea have issued warnings over the increasing sophistication and volume of cyberattacks by groups tied to the North Korean state. The cyber security and intelligence agencies of the two countries have released a new joint warning in which they call on firms to strengthen their security protocols in order to […]

FG reviews road concessions, repairs on Kaduna-Abuja expressway
Business

Bauchi govt allocates N100bn for 200km road construction

The government of Bauchi State has declared that N100 billion has been set aside for the building and restoration of 200 km of state highways. According to The Times, during a Thursday briefing on the results of the State Executive Council meeting, the Bauchi State Commissioner for Information and Communication, Mr. Usman Garba, disclosed this information. […]

FAAC funds to FG, states hit 7-year high in 2023
Business

FAAC shares N907bn revenue from October 2023

The Federation Account Allocation Committee distributed N906.955 billion to the federal, state, and local governments during a meeting on Wednesday, November 23, 2023, out of the N1.345 trillion that Nigeria generated from various sources in October 2023. The Times reported that this is according to a communiqué that was issued at the end of the […]

Spotify shares slide to 7% despite subscriber rise
Business

Spotify to boost musicians’ revenue by $1bn

The massive streaming service, Spotify has stated that it intends to generate an extra $1 billion in revenue for both professional and up-and-coming musicians on its platform over the next five years. This was announced by Spotify on Tuesday, November 21, in a blog post outlining the several measures in progress to improve its support for […]

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