Blog

News

NACCIMA urges FG to take action urgent against rising poverty

The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture has called on the Federal Government to take urgent and decisive action to combat the escalating poverty crisis in Nigeria. This appeal follows the World Bank’s April 2025 Africa’s Pulse report, which revealed that Nigeria accounts for 19% of the extremely poor population in […]

Meta launches new video cditing app "Edits" after CapCut ban
featured News

Instagram’s Edits app records 7m downloads on debut, surpasses CapCut

Meta’s latest release, Instagram Edits, has made a striking entrance into the video editing space, outpacing rival app CapCut in its opening days. According to app intelligence firm Appfigures, Edits recorded approximately 702,900 downloads on iOS within its first two days — a figure roughly 37 times greater than CapCut’s performance during a similar timeframe. […]

Business

Nigeria shifts focus from concessional funding to revenue mobilisation — Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the country is shifting focus from concessional funding to increasing revenue through tax reforms and asset optimization. Edun made this disclosure during a press conference on Nigeria’s participation in the 2025 IMF and World Bank spring meetings held in Washington, […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
Economy

W’Bank commits to supporting Nigeria’s human capital development goals

The World Bank has pledged to deepen its partnership with Nigeria to boost the country’s Human Capital Index. This commitment was made during a virtual high-level roundtable at the 2025 World Bank/IMF Spring Meetings, where the Vice President, Kashim Shettima, emphasized the need for stronger international collaboration to advance Nigeria’s Human Capital Development 2.0 strategy. […]

News

Lagos adds 3,941 new parking slots to combat traffic congestion

The Lagos State Government has added 3,941 new parking slots at key locations across the state to help tackle traffic congestion. This was announced by the Commissioner for Transportation, Mr. Oluwaseun Osiyemi, during the Y2025 Ministerial Press Briefing, marking the second year of Governor Babajide Sanwo-Olu’s second term in office. Osiyemi explained that the initiative […]

WhatsApp rolls out voice note transcription feature in India
featured

WhatsApp vows to appeal $220m fine as tribunal ruling stands

WhatsApp has announced it will urgently seek a stay of execution and appeal a ruling by the Competition and Consumer Protection Tribunal, which upheld a $220 million fine imposed by Nigeria’s Federal Competition and Consumer Protection Commission. WhatsApp made this disclosure in a statement on Saturday in Lagos, stating it strongly disagrees with the tribunal’s […]

News

CBN raises over ₦1tn at OMO auction amid liquidity surge

The Central Bank of Nigeria raised ₦1.008 trillion at its OMO auction on Friday, April 25, 2025, after strong investor demand led to a 102% oversubscription. Initially offering ₦500 billion across two maturities, the auction attracted almost ₦1.4 trillion in total bids, as investors sought high-yield government instruments amid rising inflation and an expanding money […]

Musk's DOGE team allegedly spying on US govt workers
News

Musk’s wealth Jumps $18.2b after Tesla’s strongest gain in months

Elon Musk’s personal fortune jumped by $18.2 billion on Thursday, after Tesla Inc. shares recorded their strongest daily gain in months. Tesla stock rose 9.8%, closing at $284.95. Musk’s net worth now stands at approximately $335 billion, according to the Bloomberg Billionaires Index. The surge in Tesla’s stock came amid renewed investor optimism following stronger-than-expected […]

FBI accuses North Korea of $1.5bn crypto heist
News

FBI arrests US judge over alleged assistance to undocumented immigrant

The Federal Bureau of Investigation arrested a United States judge on Friday for allegedly helping an undocumented immigrant avoid arrest, according to a now-deleted social media post by FBI Director Kash Patel. “Just NOW, the FBI arrested Judge Hannah Dugan out of Milwaukee, Wisconsin on charges of obstruction — after evidence of Judge Dugan obstructing […]

Apple partners Anthropic on AI-Powered 'vibe coding' platform
Tech

Apple’s effort to shift iPhone production to India hits roadblocks

Apple’s push to diversify its iPhone production beyond China and expand manufacturing in India has indeed encountered multiple hurdles. Chinese authorities reportedly blocked the export of key equipment to India earlier this year, delaying the trial production of the iPhone 17. This disruption, detailed by The Information, comes as Apple sought to shift more iPhone […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]