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BUA cement announces revised date for ₦2.05 dividend

  • 8th May 2025

Lagos partners BOI, Sterling Bank to boost MSMEs

  • 8th May 2025
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  • 7th May 2025
Trump signs executive order establishing US Bitcoin reserve

Investors flee to Europe, Japan amid trade war

  • 7th May 2025

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Soviet-era spacecraft ‘likely’ re-entered Earth’s atmosphere – Report 

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Nvidia unveils new AI, gaming chips, desktop computer at CES 2025

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Speculative FX demands cause of weak naira - CBN

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Cooking gas price crash amid export ban – Marketers

The Federal Government’s ban on the export of Liquefied Petroleum Gas, also known as cooking gas, has led to a crash in the price from about N1,500 per kilogram to around N900/kg, LPG dealers stated on Wednesday. This was disclosed by dealers under the aegis of the Nigerian Association of Liquefied Petroleum Gas Marketers during […]

Crypto

Binance executive’s trial follows due process – FG

Nigeria’s Minister of Information and National Orientation, Mohammed Idris, has said that “the ongoing trial of the controversial online platform, Binance, and one of its Chief Executives, illegally trading in cryptocurrency in Nigeria”, Tigran Gambaryan, follows due process recognized by the laws of the Federal Republic of Nigeria. This was disclosed in a statement by […]

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Finance minister to present new minimum wage today

The Minister of Information, Idris Mohammed, announced that Finance Minister Wale Edun will present a new minimum wage proposal to President Bola Tinubu today, Wednesday, June 5, 2024. Mohammed made this statement during an interview with journalists at the State House in Abuja on Tuesday. This announcement follows the organized labour’s decision to suspend their […]

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Inflation: FG considers importing rice paddy, maize seeds

The federal government is now considering measures to permit the importation of paddy rice to millers through an Executive Order to stop the rising trend of food inflation in the nation In addition, the federal government will consider the importation of maize and rice seeds to farmers to boost production output in these staple crops. […]

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First Bank recovers N456bn loan from Heritage Bank

First Bank has received the full repayment of a “N456 billion loan” that was given to Heritage Bank This recovery is a component of a “bailout loan” that was arranged under the governorship of Godwin Emefiele, the previous governor of the Central Bank of Nigeria, according to Nairametrics. According to top sources from First Bank, […]

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Nigeria to save $4.4bn by switching to compressed natural gas

The Federal Government of Nigeria has declared that by switching to compressed natural gas, the country will cut its yearly imports of Premium Motor Spirit, or gasoline, by nearly $4.4 billion. The announcement was made through the Presidential Compressed Natural Gas Initiative, which also stated that the government’s goal was to convert one million gasoline […]

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Nigeria lost N149bn to NLC, TUC one day strike

Nigeria may have lost over N148.8 billion in oil revenue on Monday as a result of the organized labor’s industrial action against the federal government’s proposed N60,000 minimum wage. The Nigerian Upstream Petroleum Regulatory Commission’s most recent statistics show that (excluding condensate) Nigeria produces 1,281,478 barrels of crude oil per day, according to The Punch. […]

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FG direct International oil companies sell crude to Dangote refinery

The Nigerian Upstream Petroleum Regulatory Commission has said it would direct international oil companies to supply crude oil to Dangote oil refinery. The spokesperson for the NUPRC, Olaide Shonola, stated that the commission was stepping in to guarantee Dangote and other refineries in the nation will be able to purchase crude locally. This was disclosed […]

OpenAI raises $6.6bn, valuation soars to $157bn
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OpenAI restores ChatGPT after major outage

OpenAI has successfully restored its widely-used AI chatbot service, ChatGPT, following a significant global outage that affected millions of users. The outage was documented on OpenAI’s service status tracker, showing that the company began addressing the initial issue at 12:21 AM PDT on June 4. This problem was resolved by 4:19 AM PDT. However, a […]

Crucial week for Worldcoin amid EU privacy scrutiny
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Crucial week for Worldcoin amid EU privacy scrutiny

The next few weeks could be decisive for Worldcoin, the controversial eyeball-scanning cryptocurrency venture co-founded by OpenAI’s Sam Altman. Following a series of privacy complaints, the company’s operations remain largely halted across the European Union, including in France, Germany, Portugal, and Spain. Currently, Germany is the only EU market where Worldcoin is still scanning eyeballs, […]

OpenAI abandons major restructuring to retain control
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ChatGPT faces outages, OpenAI works to restore service

The widely-used AI chatbot service ChatGPT experienced multiple outages, prompting OpenAI to spend several hours addressing the issues to restore service for users. According to OpenAI’s service status tracker, the company began tackling the first issue at 12:21 AM PDT on June 4. This initial problem was resolved by 4:19 AM PDT. However, shortly after, […]

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