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Businessman accuses ‘fake’ agency DG of N400m contract scam

Business

EFCC freezes Osun government account

Business

FG to clear outstanding wage awards before mid-August

Business

SpaceX revenue jumps 92% as Starlink, AI deals drive

Tech

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How to strengthen Nigeria's fragile food, agriculture system - Expert
Agribusiness

How to strengthen Nigeria’s fragile food, agriculture system – Expert

An expert in innovation and development, Prof. Banji Oyelaran-Oyeyinka, has proposed fixes for Nigeria’s frail food and agricultural system. This was stated by Oyelaran-Oyeyinka, who until recently served as acting Director of the United Nations-Habitat Regional Office for Africa in Nairobi. He said this during a talk he gave on Thursday at the Africa Social Impact […]

X to introduce video calls for verified users - Report
News

X to introduce video calls for verified users – Report

CEO of Twitter (X), Linda Yaccarino, has stated that video chat will soon be available on the service. Yaccarino said in an interview with Sara Eisen of CNBC that “soon you’ll be able to make video chat calls without having to give your phone number to anyone on the platform.” This progression is consistent with Yaccarino […]

Oil and Gas

Nigeria’s crude production falls to 1.3m bpd

Nigeria’s crude oil output fell to 1,294,162 barrels per day in July 2023. This is according to the Nigerian Upstream Petroleum Regulatory Commission. Data revealed that during the highlighted month, Nigeria produced 1,081,396 barrels of crude oil daily, along with 38,258 barrels and 174,509 barrels of blended and unblended condensates, respectively. For the entire month, […]

eNaira not a threat to Nigeria’s financial stability – CBN
Banking

eNaira balances hit N2.5bn in 2022

Nigeria’s central bank’s digital currency, the eNaira, saw a significant increase in total balances in 2022, reaching N2.5 billion. According to Nairametrics, this represents a 2.65-fold increase year over year compared to the N940 million reported in 2022. This is based on information from the Central Bank’s 2022 audited financial statement, which was published on […]

Shonubi takes over as acting CBN gov
News

Money launders exploiting diaspora remittances – CBN

The acting Governor of the Central Bank of Nigeria, Folashodun Shonubi, has hinted that many cases of trafficking in persons, goods, or services, are done through diaspora remittances.   Shonubi made this assertion while delivering a lecture titled, “Diaspora Remittances and Nigeria Economic Development” at the National Institute for Security Studies in Abuja on Thursday, […]

UN, Lagos urge private sector to drive change in Africa
Business

UN, Lagos urge private sector to drive change in Africa

The United Nations and Lagos state have challenged the private sector to promote transformation in Africa. The Punch reported that they gave speeches during the Africa Social Impact Summit 2023, which took place in Lagos on Thursday and had as its topic “Global vision, local action: Repositioning the African development ecosystem for sustainable outcomes.” The […]

Nigeria’s leading internet service providers are experiencing a steady decline in subscriber numbers, as new data from the Nigerian Communications Commission
featured

Video, calls increase telecom spending to N3.86trn – NCC

The amount spent on telecom services reached N3.86 trillion in 2022 due to increased call time and video streaming. This information was provided by the Nigerian Communications Commission in its recently published “2022 Subscriber/Network Data Annual Report.” It was highlighted that this represented an increase of 18.74% over the N3.25 trillion spent in 2021, showing […]

OpenAI adjusts content moderation policies for ChatGPT
Tech

Workplace use of ChatGPT increases amid privacy concerns – Report

The intersection of Artificial Intelligence and blockchain technology is steadily transforming workplaces across the U.S., with ChatGPT emerging as a game-changer, a recent Reuters/Ipsos poll revealed. Even as tech giants Microsoft and Google exercise caution, workers are increasingly turning to ChatGPT for everyday tasks. Aptly coined the “AI conversation artist,” ChatGPT uses generative AI to […]

CBN releases financial report first time in seven years
featured News

CBN releases financial report first time in seven years

The Central Bank of Nigeria has released its consolidated financial statements for the years 2015 through 2022, according a TechCabal report. For the first time in seven years, the apex bank has made its audited financial documents available to the public. It demonstrates how the lack of openness was cultivated throughout Godwin Emefiele’s tenure as […]

FG summons cement manufacturers over price hike
Business

BUA Cement Edo, Sokoto factories to begin operation 2024

BUA Cement has revealed that it is constructing factories in Sokoto and Okpella to increase domestic production. According to The Punch, this information was provided on Thursday in Abuja by the managing director of BUA Cement, Yusuf Binji, who was in attendance with Chief Financial Officer, Jacques Piekarski. Binji stated that the company would increase its daily […]

X still offline in Brazil as company pays fine to wrong account
News Tech

X lowers qualification for creators’ payout

Microblogging platform X, formerly known as Twitter, announced that it is lowering the criteria for its creators’ payout programme. A third of the prior criterion of 15 million impressions will now be met by creators who have 5 million impressions in the last three months, according to X. Instead of $50, creators will be able […]

Marketers predict more fuel queues due to pipeline vandalism
featured

Oil marketers predict further fuel price hike

Although the Nigerian National Petroleum Company Limited and other oil marketers have not declared an increase in the price of petrol, they have acknowledged that the lack of foreign currency and the hike in the price of crude oil were the two main reasons influencing the price of PMS. The naira’s depreciation against the US […]

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