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  • 8th May 2025

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  • 7th May 2025
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Aviation

FG begins construction of second Abuja airport runway – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has said that the Federal government has started the construction of a second runway at Nnamdi Azikiwe International Airport, Abuja. This was disclosed by the Minister during the ministerial press briefing to mark President Bola Tinubu’s first year in office, according to The Punch. Keyamo stressed […]

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NNPC discovers 122 illegal refineries, seals fuel station

The Nigerian National Petroleum Company Limited has discovered a total of 122 illegal oil refining sites in the past week across the Niger Delta region. The NNPCL said that in Akwa Ibom State, a filling station has been closed for the sale of illegal refined fuels to motorists. This was disclosed in a documentary by […]

Apple to evade EU fine with changes to browser options
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OpenAI sets up safety committee as AI training begins

Alex Omenye OpenAI has established a Safety and Security Committee, led by board members including CEO Sam Altman, as the company embarks on training its next artificial intelligence model. This announcement was made by the AI startup on Tuesday. Directors Bret Taylor, Adam D’Angelo, and Nicole Seligman will also be key figures on the committee, […]

Apple to evade EU fine with changes to browser options
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Apple sales rises by 52% in April – Report

Alex Omenye Apple’s smartphone shipments in China surged by 52% in April compared to the same period last year, continuing a recovery trend observed in March, according to data from a research firm associated with the Chinese government. The increase follows a challenging start to the year for the U.S. tech giant in the world’s […]

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Monetary policy decisions could be politicized – Stockbroker

The Chartered Institute of Stockbrokers and Association of Securities Dealing Houses of Nigeria have decried the proposed amendment of the Central Bank of Nigeria Act No. 7 of 2007, seeking to subject the annual budget of the CBN to approval from the National Assembly. The group in a statement argued that such legislation would politicize […]

150,000 Nigerians got FG's N50k grant - Minister
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Nigeria attracted N3.5bn textile investment, created 4,000 job opportunities – Minister

The Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, has said that the Federal Government has secured $3.5 billion in investments in a year to boost NNigeria’s textile, cotton, and clothing sectors. This was disclosed in a statement by Uzoka-Anite at the ministerial press briefing in Abuja on Tuesday. According to Uzoka-Anite, this investment is […]

ITU announces investment to boost global connectivity
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ITU announces investment to boost global connectivity

The International Telecommunications Union has announced investment commitments totaling $4.8 billion to enhance global connectivity. This announcement was made on Monday during the plenary of the 2024 World Summit on the Information Society (WSIS+20) forum in Geneva, Switzerland. According to the ITU, these new commitments bring the total pledges aimed at closing the digital divide […]

Fintech startup Brass acquired by consortium-led by Paystack
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Fintech startup Brass acquired by consortium-led by Paystack

Two months after securing bridge financing to address working capital challenges, Nigerian business banking startup Brass has been acquired by a consortium of investors led by payment giant Paystack. Other investors in the deal include PiggyVest, Ventures Platform, and P1 Ventures. The acquisition culminates discussions that likely began in early 2024. Ventures Platform, a venture […]

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Tony Elumelu Urges FG to establish special courts for energy thieves

Tony Elumelu, Chairman of the Board of Directors at Transcorp Group, has called on the Federal Government to establish special courts dedicated to prosecuting energy thieves in Nigeria. Elumelu made this appeal during the 18th Annual General Meeting of Transcorp Group held in Abuja on Monday, emphasizing the urgent need for stringent measures to combat […]

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Banks record N438bn from digital transactions in 2023

In 2023, digital banking channels brought in roughly N438bn for 10 financial institutions, an analysis of their annual reports has shown. An analysis of the annual report has shown that in 2023, Digital Banking channels generated around N438 billion for 10 banks, according to The Punch. The banking group saw an increase of 37.54 per […]

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North-East blackout compounded by vandals – TCN

The Transmission Company of Nigeria on Monday announced that three additional towers were vandalized in the north-east, which has exacerbated power outage in the region. This was disclosed in a statement by the spokesperson of TCN, Ndidi Mbah, on Monday, according to The Punch. According to TCN, it discovered that three more towers had been […]

BOI extends RAPID funding application deadline for MSMEs
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BOI extends RAPID funding application deadline for MSMEs

Onwubuke Melvin   The Bank of Industry has extended the deadline for submitting applications for the Rural Area Program for Investment and Development for Micro Small and Medium Enterprises and Community groups in rural areas until June 12. This disclosure was made via the official X handle of the bank, stating that the deadline was […]

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