Black box, flight recorders of crashed helicopter not found – NSIB
The Nigerian Safety Investigation Bureau reports that the black box, flight data recorder, and cockpit voice recorder from a crashed helicopter have yet to be recovered. The Sikorsky SK76 helicopter,…
FG, Indian firm partner for new steel, power project in A’Ibom
The Federal Government of Nigeria is in talks with Jindal Group, an Indian company, to set up a steel and power plant in Akwa Ibom State. This development was disclosed…
CBN optimistic of securing $12bn in diaspora remittances
The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, announced in Washington DC that the CBN is optimistic about attracting $1 billion in monthly remittances. This confidence follows…
Apple to launch new M4 Mac laptop models
Apple is gearing up for a "week of announcements" starting Monday, October 28, with expectations that new Macs will be among the highlights. Apple’s senior vice president of worldwide marketing,…
Alibaba agrees to $433.5m settlement in US monopolistic lawsuit
Alibaba has agreed to pay $433.5 million to settle a U.S. class-action lawsuit alleging monopolistic practices, although the company denies any wrongdoing. It said the decision to settle aims to…
Nigeria’s electricity shortages result in $26bn annual economic losses – Report
Nigeria's ongoing power issues are estimated to cost the economy $26 billion annually, according to the Africa Trade Barometer. The report also indicated that businesses in Nigeria spend approximately $22…
FG proposes 50% tax relief to help firms increase salaries
The Federal Government is introducing a new legislative bill aimed at reforming Nigeria's tax system, which includes a 50 per cent tax relief for companies that raise salaries or offer…
Chinese hackers target Trump, Vance’s phones
Chinese hackers who infiltrated Verizon's systems reportedly targeted the phones of United States Republican presidential candidate Donald Trump and his running mate, JD Vance, according to a report by the…
Dangote refinery boosts fuel supply with 79.4m litres delivered
Dangote Refinery has significantly enhanced Nigeria’s domestic fuel supply by delivering approximately 79.4 million litres of petrol by sea. The vessel Sabaek recently transported around 500,000 barrels (79.4 million litres)…
Nvidia surpasses Apple to become world’s most valuable company
Nvidia surpassed Apple as the world’s most valuable company on Friday, driven by soaring demand for its AI supercomputing chips. Nvidia’s stock market value reached $3.53 trillion, slightly ahead of…
Nigeria’s FX reserves rose to $45bn under my leadership – Obasanjo
Former Nigerian President, Olusegun Obasanjo, has shared insights on how he increased the country’s foreign reserves from a mere $3.7 billion to $45 billion during his eight-year presidency. In an…
Starlink suspends price increase for Nigerian subscribers
Starlink, the satellite internet service owned by Elon Musk’s SpaceX, has announced a suspension of its recent decision to raise monthly subscription fees for users in Nigeria. In a message…
