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Trump’s crypto coin surges to $9bn market cap ahead of inauguration
News

Trump withdraws US from global corporate tax agreement

President Donald Trump on Monday issued a memorandum declaring that the global corporate minimum tax agreement, negotiated by the Biden administration with nearly 140 countries in 2021, would have “no force or effect” in the United States. In doing so, Trump effectively withdrew the U.S. from the landmark deal. The memorandum also directed the U.S. […]

TikTok removes more Universal Music songs as conflict worsens
Tech

Trump delays TikTok ban, grants app 75 days lifeline

TikTok received a lifeline through an executive order signed by Trump on Monday, one of his first actions after taking office. The order grants the video-sharing platform a 75-day extension from a US ban that began on Sunday, following ByteDance’s refusal to comply with a law requiring it to divest. Trump had spent the preceding […]

News

NNPC blames pipeline vandals for Buguma oil wellhead fire

The Nigerian National Petroleum Company Limited on Monday night attributed the recent fire incident at the Buguma oil wellhead in Rivers State to the actions of vandals. According to the company, the fire at Buguma Wellhead 008, operated by its subsidiary NNPC Eighteen Operating Ltd, was caused by vandals attempting to tamper with the Christmas […]

FG awards N200m in grants to 55 researchers, innovators—Bosun Tijani
News

FG eyes 21% ICT Contribution to GDP

The Minister of Communications, Innovations, and Digital Economy, Dr. Bosun Tijani, has revealed the Federal Government’s intention to increase the Information and Communications Technology sector’s contribution to Nigeria’s GDP to 21% within the next two to three years. Tijani made this disclosure on Monday at the Public Servant Training Institute in Kubwa, Abuja, during the […]

Transcorp top gainers chart as NGX closes at 78,020.54 points
News

Equity market begins week with N10bn gain

The Nigerian Stock Exchange began the week on a positive note, with a market capitalization rise of N10 billion. The All Share Index saw a slight increase of 0.02%, closing at 102,370.62 points, up from 102,353.68 points the previous day. Despite this positive movement, the market remains negative for both the year-to-date and month-to-date, with […]

Trump’s crypto coin surges to $9bn market cap ahead of inauguration
News

Bezos, Zuckerberg, Pichai join Trump at Inauguration

A group of tech billionaires and influential figures in Donald Trump’s orbit gathered for his inaugural celebrations, which kicked off with a church service on Monday morning. Among those seen taking prominent seats at St. John’s Church were Amazon founder Jeff Bezos, Meta CEO Mark Zuckerberg, Apple CEO Tim Cook, and Google CEO Sundar Pichai. […]

NCC approves 50% tariff increase for telecom sector
featured

NCC approves 50% tariff increase for telecom sector

The Nigerian Communications Commission has approved a 50% tariff hike for telecom operators, marking the first increase in nearly 11 years. The decision comes as the sector grapples with mounting financial pressures exacerbated by naira devaluation and persistent inflation. For over a decade, the NCC held firm in maintaining stable voice and data costs, even […]

Elon Musk’s xAI in talks to raise $10bn at $75bn valuation
News

X launches vertical video tab amid TikTok ban uncertainty

X, formerly Twitter, is introducing a dedicated vertical video feed in its app, aiming to capitalize on the uncertainty surrounding ByteDance-owned apps like TikTok and Lemon8 in the U.S. The company announced on Sunday that a new video tab will appear in the app’s bottom bar for U.S. users, offering quicker access to video content. […]

Fintech PiggyVest pays out ₦835bn to users in 2024
News

Fintech PiggyVest pays out ₦835bn to users in 2024

PiggyVest, renowned for its savings and investment tools, disbursed a record ₦835 billion to customers — a testament to its reliability and growing popularity. By the end of the year, PiggyVest had amassed over 5 million users, cementing its status as a trusted financial partner for millions of Nigerians. In addition, the company’s rebranded social […]

News

Nigeria’s BRICS partnership offers key trade, investment, agriculture benefits – Bwala

The Special Adviser to the President on Public Communication and Media, Daniel Bwala has stated that Nigeria’s partnership with BRICS (Brazil, Russia, India, China, and South Africa) offers significant opportunities, particularly in trade, investments, and agriculture. This collaboration could enhance Nigeria’s access to new markets, attract foreign investments, and strengthen its agricultural sector, while also […]

World Bank bans Nigerian companies, CEO over fraudulent practices
featured News

World Bank bans Nigerian companies, CEO over fraudulent practices

The World Bank Group has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, as well as their Managing Director and CEO, Mr. Norman Bwuruk Didam, for engaging in fraudulent, collusive, and corrupt practices linked to the National Social Safety Nets Project in Nigeria. In a statement released Monday, […]

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