Business
UK economy hits unexpected growth

Reforms position Nigeria as emerging investment hub –

  • 15th May 2025
Ogun cargo airport to employ 25000 youths on completion - Dapo Abiodun

Mamuda Beverages invests $50m in new industrial facility

  • 14th May 2025

Nigeria ships first Obodo crude blend, says NUPRC

  • 14th May 2025
UK expands work visa sponsors for Nigerians

UK unveils major visa overhaul to cut legal

  • 11th May 2025

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Quantum computing offers rare opportunity to reshape humanity –

Tech

Brazil’s Petrobras plans return to Nigeria’s oils sector

Oil and Gas

Make oil investment competitive, Tinubu’s aide urges African nations

Business

IFC, Canada fund 108 solar mini-grids in Northern Nigeria

Energy

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Business

Nigeria secures $1b investment to boost sugar production 

Nigeria has secured a $1 billion investment through a strategic partnership with Chinese conglomerate SINOMACH to enhance the nation’s self-sufficiency in sugar production. The agreement, formalized via a Memorandum of Understanding with the National Sugar Development Council, outlines plans to jointly develop a large-scale sugarcane cultivation and processing project within the country. This was disclosed […]

News

Tour company halts operations after fatal US helicopter crash 

The tour company responsible for the sightseeing helicopter crash in New York, which resulted in six deaths, is halting its operations immediately, according to the United States Federal Aviation Administration. The crash, which occurred last Thursday in the Hudson River, claimed the lives of the pilot and a family of five Spanish tourists, including three […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

Tinubu meets Trump’s African advisor to strengthen US-Nigeria ties

President Bola Tinubu has met with the Senior Advisor for Africa from US President Donald J. Trump’s administration, Mr. Massad Boulos, in Paris, France, to discuss deepening strategic cooperation between Nigeria and the US. This was disclosed on Sunday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga. According to the […]

News

CBN reaffirms support for SMEs driving economic growth

The Central Bank of Nigeria has reaffirmed its commitment to supporting the growth of Small and Medium Enterprises, recognizing the sector as a crucial driver of economic development and global recognition for Nigeria. This was disclosed by the acting Director, Corporate Communications Department at CBN), Hakama Ali, on Sunday, during the CBN’s Special Day at […]

Electricity

FG to seal $2.3b deal to revamp power transmission

Nigeria is close to securing $2.3 billion in funding to upgrade its electricity transmission infrastructure under the Presidential Power Initiative also known as the Siemens deal. Over the weekend, Minister of Power, Chief Adebayo Adelabu, revealed that the financing arrangement is nearing completion.The federal government has urged European Union member states to continue offering technical […]

SpaceX launches Starlink Mini for users
Tech

Starlink launches satellite internet service in Somalia

SpaceX’s Starlink satellite internet service is now officially available in Somalia, following an announcement by company by Elon Musk on the social media platform X on Sunday. A Somali government official confirmed the development, stating that Starlink has been granted an operating licence after more than two years of negotiations. “We have been in talks […]

Business

Trump to unveil new semiconductor tariffs next week

The United States President Donald Trump announced on Sunday that he would unveil new tariffs on semiconductors “within the next week,” continuing his push to impose heavy levies in an effort to address trade concerns. Trump stated that an announcement about possible tariffs on iPhones would be made soon, but stressed the need for “some […]

featured

NMDPRA slashes electricity GenCos gas price amid mounting ₦2trn debt

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has reduced the price of natural gas for power generation companies in a bid to address the sector’s liquidity crisis. This move comes as power generation companies reportedly owe gas suppliers around N2 trillion, largely due to persistent revenue shortfalls in the power sector. According to documents […]

OpenAI has informed investors that it plans to significantly reduce the share of its revenue allocated to Microsoft as part of an ongoing restructuring
News

OpenAI to introduce ID verification for advanced AI models access

OpenAI may soon require organizations to complete an identity verification process in order to access its most advanced AI models, according to a support page quietly published on the company’s website last week. The process, dubbed “Verified Organization,” is described as a new way for developers to unlock access to cutting-edge capabilities on the OpenAI […]

Apple to launch Vision Pro headset in 2024
News

Apple developing new $3,500 Vision Pro headsets

Apple is pressing ahead with its Vision Pro mixed reality headset, despite sluggish early sales, with work on its headsets, according to a new report from Bloomberg’s Mark Gurman. The tech giant is said to be working on two next-generation versions of the headset. One would aim to address the two most frequent criticisms of […]

China increases number of Nigerian-made goods in Chinese market
News

China’s exports rises to 12.4% despite US tariff

China’s exports recorded a sharp 12.4 percent rise in March, far exceeding analysts’ forecasts, as businesses rushed to ship goods before a fresh round of United States tariffs came into force. The spike in outbound trade was described by economists as a frontloading effort to beat the April 2 deadline for new duties imposed by […]

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