Big tech adopts geothermal energy for rising AI data centers
Geothermal energy startups are gaining traction as major tech companies like Meta and Google's parent company Alphabet partner with them to provide clean energy for their AI-powered data centers. These…
Oil prices drop amid concerns over weaker demand in 2025
Oil prices fell on Friday due to concerns about weaker demand growth in 2025, particularly in China, the world's largest crude importer. As a result, global oil benchmarks were set…
NBS site hack raises concerns about statistics fidelity – Atiku
The former Vice President of Nigeria, Atiku Abubakar has expressed skepticism about the National Bureau of Statistics statement claim that its official website was compromised in a cyberattack. This was…
Petrol price stays at N1,025 despite Dangote Refinery cut
Despite the recent reduction in the ex-pump price of Premium Motor Spirit to N899.50 per litre by Dangote Petroleum Refinery, petrol prices at most stations in Lagos and Ogun have…
NACCIMA partners BOI to release N75bn MSMEs fund
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture and the Bank of Industry have entered into a Memorandum of Understanding to disburse a N75 billion intervention fund.…
Petrol to drop below N1000/litre, IPMAN predicts after Dangote price slash
Oil marketers under the Independent Petroleum Marketers Association of Nigeria have projected a decrease in the retail price of Premium Motor Spirit to N950 per litre in Lagos State. In…
PenCom to restructure micro-pension scheme
The Director-General of the National Pension Commission, Omolola Oloworaran, has announced plans to remodel the micro pension scheme to enhance participation. Oloworaran made this disclosure at the 2024 PenCom Media…
Google unveils experimental AI Model Gemini 2.0 flash thinking
Google has launched an experimental AI model, Gemini 2.0 Flash Thinking Experimental, aimed at advancing reasoning capabilities in artificial intelligence. Available via Google’s AI Studio, the model is designed for…
Crypto heists hit $2.2bn in 2024 – Report
Funds stolen through cryptocurrency platform hacks soared by 21% in 2024, reaching $2.2 billion, according to a report released Thursday by blockchain analysis firm Chainalysis. This marks the fourth consecutive…
Lagos agro-hub generates N2.495bn in first year
The Lagos State Government announced that the Mushin Fresh Food Agro-Hub recorded N2.495 billion in transactions during its first year, with contributions from 348 vendors. This was disclosed in a…
FG transfers Lagos electricity market regulation to LASERC
The Federal Government, via the Nigerian Electricity Regulatory Commission, has transferred the regulatory responsibility for the electricity market in Lagos State to the newly established Lagos State Electricity Regulatory Commission.…
Regulators approve SpaceX’s Starship for seventh launch
The Federal Aviation Administration has granted SpaceX approval for the seventh launch of its Starship rocket, though the company has not revealed when the mission will take place. Activity at…
