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CBN to raise N1.05tn in treasury bills auction

The Central Bank of Nigeria plans to raise N1.05 trillion through a Treasury Bills auction today, March 18, pushing the federal government’s short-term borrowing to nearly N3 trillion over the past two weeks. An official invitation to tender, issued by the CBN on behalf of the Debt Management Office confirmed the auction. The notice states […]

Business

Nigeria secures £746m UK deal to modernise seaport infrastructure

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced a £746 million financing agreement with the United Kingdom to modernise Nigeria’s seaport infrastructure, a move set to transform key maritime gateways and enhance the global competitiveness of the nation’s port system. In a statement on Tuesday, the Special Adviser to the Minister, Bolaji […]

Aviation

Akure Airport breach not aimed at passengers or facility – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has reassured Nigerians that the recent security breach at Akure Airport was not a deliberate attack on the facility, stressing that neither the airport nor its passengers were the intended targets. He gave the clarification during an interview on a public affairs programme on Eagles 102.5 […]

Meta offered $100m bonuses to lure OpenAI staff, Altman alleges
Tech

OpenAI CEO-backed startup lunches tool to expose humans behind AI agents

World, the startup co-founded by Sam Altman, has unveiled the beta of a new ID verification tool aimed at combating AI-generated content online. The company describes its technology as “proof of human” tech, designed to verify real users in an internet landscape increasingly flooded with synthetic content. The move comes amid scrutiny of Altman’s other […]

OpenAI unveils GPT-5 amid rising industry investment
Tech

Dictionaries sue OpenAI over alleged copyright infringement

Encyclopedia Britannica and Merriam-Webster have sued OpenAI, claiming the AI company engaged in “massive copyright infringement.” According to the lawsuit, Britannica, which owns Merriam-Webster—holds copyrights on nearly 100,000 online articles that, it alleges, were scraped and used to train OpenAI’s language models without authorization. Britannica further claims that OpenAI infringes copyright by producing outputs that […]

Aviation

FG launches ‘Fly Now Pay Later’ scheme for domestic flights

The Federal Government has launched a new consumer credit product called “Fly Now, Pay Later” to make domestic air travel more affordable and accessible for Nigerians. The initiative allows eligible passengers to book flights immediately and pay the cost in manageable installments over time. The Nigerian Consumer Credit Corporation, known as CREDICORP, announced the scheme […]

Mastercard beats profit forecast as travel, leisure spending rises
Business

Mastercard to acquire BVNK in $1.8bn stablecoin push

Mastercard has agreed to acquire stablecoin infrastructure firm BVNK in a deal worth up to $1.8bn, underscoring its push into blockchain-based payments. The agreement includes as much as $300m in contingent payments and is slated to close before the end of 2026, pending regulatory approvals and other customary conditions. The move highlights Mastercard’s effort to […]

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IATA projects Africa as fastest-growing air travel market

Intra-African air travel is projected to be the fastest-growing globally, expanding at a compound annual growth rate of 4.9 per cent through 2050, according to the International Air Transport Association. The forecast is contained in IATA’s Long-Term Demand Projections report released on Tuesday. It highlights that routes within Africa are expected to outpace every other […]

featured Oil and Gas

Oil prices surge past $100pb as Iran targets crude-producing neighbours

Oil prices surged again on Tuesday following fresh Iranian attacks on crude-producing neighbours, targeting vital energy infrastructure and raising serious fears of widespread global supply disruptions. International benchmark Brent North Sea crude rose 2.0 per cent to $102.16 per barrel. The main US oil contract, West Texas Intermediate, gained 1.7 per cent to $95.08 per […]

featured News

Tinubu arrives UK for historic state visit

President Bola Tinubu and First Lady, Senator Oluremi Tinubu, have arrived in the United Kingdom to begin a historic state visit. Their aircraft landed at Stansted Airport on Tuesday afternoon at about 3:23 p.m. local time, marking the official start of the trip. The development was disclosed by the Special Adviser to the President on […]

World

Iran war: Europe rejects Trump’s call for Hormuz naval help

European leaders have rejected demands by the United States President, Donald Trump, for help to clear the Strait of Hormuz. This came as foreign ministers from the European Union gathered in Brussels yesterday to discuss skyrocketing oil prices from the US-Israeli war on Iran. The pushback followed Trump’s call on the UK, China, France, Japan, […]