National grid faces third collapse in a week
Nigeria's national power grid has collapsed for the third time in a week, with the latest incident occurring on Saturday morning. This was confirmed by the Nigeria National Grid on…
Nigeria tops list of people without electricity, says AfDB President
The President of the African Development Bank, Akinwunmi Adesina, has revealed that Nigeria has the highest population of individuals living without electricity in the world. Speaking at the 90th birthday…
FG seeks fresh $500m W’Bank loan to boost basic education
The Federal Government of Nigeria is in negotiations for a $500 million loan from the World Bank aimed at enhancing basic education. The focus is on improving learning outcomes and…
Lagos to introduce tax incentives for startups in innovation bill
The Lagos State Government has announced plans to offer tax incentives and other benefits to startups operating within the state, as part of its forthcoming Innovation Bill. This key legislative…
ICYMI: Chevron discovers oil field with 17,000bdc capacity
Chevron Nigeria Limited has announced the discovery of a new oil field with an estimated production capacity of 17,000 barrels of oil per day. This finding occurs as international oil…
Proposed reforms may end taxes for TETFUND, NITDA, NASENI
The federal government is proposing new tax reforms aimed at eliminating levies for the Tertiary Education Trust Fund, the National Information Technology Development Agency, and the National Agency for Science…
Court adjourns Binance exec’s $35.4m laundering case after absence at trial
The Federal High Court in Abuja has adjourned the trial of Tigran Gambaryan, a Binance executive facing charges of laundering $35.4 million, after he failed to appear in court due…
MTN Nigeria switches to eco-friendly paper-based SIM cards
MTN Nigeria announced on Friday the launch of paper-based biodegradable eco-friendly SIM cards, aligning with its Project Zero initiative aimed at reducing greenhouse gas emissions and achieving net-zero emissions by…
Gold prices hit record high at N4.5m per Ounce
Gold prices reached a record high in London on Friday, driven by safe-haven demand amid an approaching election in the U.S. and the European Central Bank's interest rate cut aimed…
FG warns of contract cancellation as Julius Berger raises costs
The federal government announced plans to cancel Julius Berger's N740 billion segment of the Abuja-Kaduna highway contract due to the company's repeated increases in the contract value, now demanding N903…
Nigeria secures $119m Swedish investment for tech hubs, MSMEs
The Nigerian government has secured approximately $119 million in investments for tech hubs and micro, small, and medium enterprises from Gluwa, a digital wallet service, and Ericsson. This was disclosed…
FG begins nationwide distribution of free CNG tricycles
The Federal Government launched the distribution of free Compressed Natural Gas tricycles on Thursday to cooperatives nationwide. This initiative, part of the Presidential Natural Gas Initiative, was kicked off in…
