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Ondo gov unveils AI system for civil service management,

Policy and Regulations

States’ IGR hit ₦5.15trn in 2025, Lagos leads

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Finance

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Economy featured

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Ethereum records 267,000 new wallet creations, breaks record
Crypto

Ethereum upgrade delays crypto withdrawals worth over $1bn

Investors in cryptocurrency are experiencing delays in withdrawing funds they deposited on the Ethereum blockchain after a major software upgrade known as “Shapella.” This highlights ongoing challenges for Ethereum as it aims to become widely used for instant payments. Over $30 billion worth of ether, the second largest cryptocurrency, was expected to be unlocked by […]

FG begins payment of airlines' trapped funds - NANTA
Aviation

FG begins payment of airlines’ trapped funds – NANTA

The National Association of Nigerian Travel Agencies has announced that the Federal Government has gradually started paying trapped funds of foreign airlines in the country through the Central Bank of Nigeria. According to Nairametrics, this was revealed to journalists on Wednesday in Lagos by the NANTA President, Susan Akporiaye. Although she was unable to provide specifics […]

Controversy as Seplat disputes ExxonMobil deal cancellation
Business

Seplat hands FG required documents in CEO’s immigration suit

An energy company, Seplat, stated on Thursday that it has provided the necessary documents concerning its CEO, Roger Brown, to the Nigerian Government. This statement came after news had emerged earlier that day that the Nigerian Federal Government had pressed charges against Seplat Energy Plc and its CEO for violating the Immigration Act of 2015. […]

Nigerians in the UK face job loss over sponsorship eligibility
Business

Uk recorded zero economic growth in February – Report 

The UK economy did not grow in February despite experiencing an economic growth surge of 0.4% in January.   According to BBC, the Office for National Statistics said that growth in the construction industry was counteracted by falls in public sector services due to strikes.   In January, there was an unexpected 0.4% surge in […]

China
Business

China’s exports hits unexpected inrease first time in six months

China’s exports saw an unexpected increase in March, rising 14.8% from that of 2022 after close to six months of declines. This surprised economists who had predicted a 7.0% fall. According to Reuters, officials attributed the rise to increased demand for electric vehicles, solar products, and lithium batteries. However, analysts caution that the jump may […]

Sahara Group
Business

Sahara Group rebrands to promote energy access

A driver of sustainable energy, Sahara Group Foundation, which is the social sustainability arm of the Sahara Group, a company that deals with energy and infrastructure, has revealed its updated brand identity. According to The Punch, the purpose of the  rebranding to strengthen the Group to advance access to sustainable environments and energy. The unveiling […]

NAFDAC cuts licensing fees by 65%
Business

NAFDAC, UK negotiate bilateral agreement for Nigerian products

The National Agency for Food and Drug Administration and Control revealed that it is working on a bilateral deal with the UK Government which would enable easier exports of Nigerian processed products registered with NAFDAC. To take full advantage of the opportunity, business owners who intend to enter the processed food export industry are invited […]

A picture of someone holding European currency
Business

Demand for banknotes lowest in 20 years –  De La Rue

A British security printing and papermaking company, De La Rue, has said that there has been a significant decrease in global demand for banknotes, the lowest in the last 20 years. De La Rue who is responsible for designing one-third of the world’s banknotes and operational in 140 counties has observed a decline in cash […]

US deficits projected $1trn higher over next decade
Business

Dollar drops as inflation falls behind projection

The value of the dollar fell sharply on Wednesday after data indicated that the increase in U.S. consumer prices in March was lower than projection. According to CNBC, this development may decrease the probability of the Federal Reserve continuing to raise interest rates. In March, the Consumer Price Index experienced a rise of only 0.1%, […]

X to offer paid users xAI chatbot - Musk
Business

Twitter cuts workforce to 1500 – Elon Musk

The CEO of Twitter, Elon Musk stated that the social media company is “roughly breaking even” in term of revenue having cut employees to 1500. He said this during an interview wirh BBC and broadcasted live on Twitter Spaces. He attributed this to the return of most of its advertisers and the success of its […]

Nigeria's leading real estate company, Afriland Properties
Business

Afriland assets hit N19bn in 2022 – Report

A leading  real estate company, Afriland Properties Plc has reported that its overall assets rose by 12 per cent from N17.3bn in 2021 to N19.4bn in 2022. This information was made known in a statement regarding the company’s audited financial results for the year that ended on December 31, 2022, accessed by The Punch. According […]

Remita CEO
Business featured

Infrastructure upgrade will support cashless policy – Remita

The Managing Director of Remita Payment Services Limited, Deremi Atanda, has stressed the need for quality infrastructure upgrade to support the growth of digital payments in Nigeria. This was during the first edition of the SystemSpecs Tech Innovation Webinar Series held in partnership with FintechNGR, accessed by The Punch. The event, themed ‘Cashless policy: Sustaining […]

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