Nigeria’s imports from Malta hit N766.81bn in Q3 2024 – NBS
Nigeria's total imports from Malta N766.81 billion in the third quarter of 2024, according to the National Bureau of Statistics foreign trade report. Nigeria's total imports from Malta reached N766.81…
Dubai tourist visa rejections rises amid stricter policies
Dubai's recent tightening of tourist visa rules has raised rejection rates from 1-2% to 5-6%. These stricter regulations are affecting travelers worldwide, as the updated criteria make visa approval more…
IATA removes Nigeria from list of countries blocking airline revenue
The International Air Transport Association has removed Nigeria from the list of countries that failed to allow the repatriation of foreign airlines' revenue. This decision followed the Nigerian government's clearance…
Global advertising industry to surpass $1trn in 2025
The global advertising industry is on track for significant growth, with revenues expected to hit $989.8 billion in 2024 and exceed $1 trillion by 2025, a year earlier than previously…
ByteDance seeks court order to block TikTok divestiture
China-based ByteDance, the parent company of the popular short-video app TikTok, filed an emergency motion with the U.S. Court of Appeals for the District of Columbia on Monday. The motion…
Google discloses breakthrough in quantum computing with new chip
Google announced on Monday that it has overcome a challenge in quantum computing with the development of a new generation of chips. The company claims to have solved a complex…
Reddit launches AI-powered feature to compete with search engines
Reddit has announced the testing of a new AI-powered feature called "Reddit Answers," designed to help users find answers to their questions more easily. The feature, which scours posts on…
CBN loan to govt hits N42trn
The Central Bank of Nigeria's data reveals a significant increase in credit to the government, which grew by nearly 90%, from N22.14 trillion in September 2023 to N42.02 trillion in…
LCCI reiterates demand for fixed import duty exchange rate
The Lagos Chamber of Commerce & Industry has urged the federal government to set a fixed import duty exchange rate below the market rate for at least six months. The…
Senator laments $11bn loss on Ajaokuta steel project
Senator Jimoh Ibrahim has criticized the Ajaokuta Steel Complex as a symbol of Nigeria’s wasted development potential, citing the $11 billion spent over 43 years without any steel production. This…
Nigerian equity market opens week with N63bn loss
The Nigerian equity market closed the first trading day of the week on a negative note, with a loss of N63 billion. Market capitalization dropped from N59.53 trillion to N59.47…
OpenAI to launch long-awaited Sora video generator tool
OpenAI is launching Sora, an advanced AI system capable of generating realistic 20-second videos from text prompts. Announced during a livestream, the tool will be available to paid ChatGPT users…
