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150,000 Nigerians got FG's N50k grant - Minister
News

150,000 Nigerians got FG’s N50k grant – Minister

The Minister of Industry, Trade, and Investment Doris Uzoka-Anite has announced that about 150,000 individuals received the sum of N50,000 this week from Conditional Grant Scheme initiated by the Federal Government. This was disclosed in a post by the Minister via her official X handle on Thursday. Uzoka-Anite called on the public to be wary […]

Former CBN employees sue for reinstatement, compensation
News

FG borrows additional N3.8trn from CBN in six months

The Federal Government of Nigeria acquired an additional N3.8 trillion through what appears to be fresh Ways and Means Borrowing within the last six months of 2023. This is according to the latest data bulletin for the fourth quarter of 2023 released by the central bank, The provisional data from the Central Bank of Nigeria […]

Economy

FG borrows additional N3.8trn from CBN in six months

The Federal Government in what appears to be Ways and Means has received an additional N3.8 trillion in the last six months. This is based on preliminary data published in the last statistical bulletin for the first quarter of 2023, which was recently made public by the Central Bank, according to nairametrics. The Central Bank […]

Tech billionaires lose $34.4bn amid market sharp decline
News

Meta CEO Zuckerberg loses $18bn as stock decline

The latest quarterly earnings call for Meta, led by CEO Mark Zuckerberg, resulted in a seismic shift in the tech mogul’s net worth. A jaw-dropping loss of $18 billion ensued as Meta’s stock took a sharp nosedive in the aftermath of the call. Despite Meta exceeding revenue and profit expectations, investor confidence faltered as the […]

Bitcoin rises to $87,480 as crypto market gains momentum
News

One in five Nigerians trust Bitcoin than banks – Report

One in five Nigerian consumers are using Bitcoin for daily transactions, with 67% expressing more trust in Bitcoin than traditional services like banks, local governments, and cash for safeguarding their life savings, a new research published by Elastos, specialists in Web3 infrastructure, revealed. The inaugural BIT Index (Bitcoin; Innovation & Trust) collected data from over […]

News

FG approves Air Peace Abuja-London route – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced that the federal government has approved the commencement of the Abuja-London route for Nigeria’s Air Peace airline. This was disclosed in a statement during a live appearance programme on Channels Television. In the statement, Keyamo said he had approved the commencement of the Abuja […]

Tech billionaires lose $34.4bn amid market sharp decline
Tech

Threads tests new feature as monthly users pass 150m

The founder of Meta, Mark Zuckerberg, has said that Threads, a social networking app that is competing with X, formerly Twitter, has reached 150 million monthly active users, up from 130 million in February. This was disclosed by Zuckerberg while Speaking on Wednesday, April 24, during Meta’s Q1 2024 earnings call, according to Znet. Zuckerberg […]

NNPCL sets fuel price above N1000 per litre
News

Scarcity: Fuel supply shortage resolved, says NNPCL

The Nigerian National Petroleum Company Limited has clarified that the shortage in the supply of Premium Motor Spirit also known as PMS recently being experienced in some parts of the country is a result of logistics issues and that it has been resolved. In addition, it also made it clear that the price of petrol […]

Crypto

Kenyan official denies fleeing Binance executive’s arrest

Kenyan officials have reportedly denied the arrest of the Binance executive, Nadeem Anjarwalla facing tax evasion charges in Nigeria. Nigerian authorities asked the Kenyan government to arrest and extradite Anjarwalla three weeks ago, people familiar with the matter said. So far, Nairobi has only confirmed his presence in the country According to Kenyan law, an […]

News

Ibom Air confirms ‘averted disaster’ on faulty Abuja-bound plane

Popular domestic airline, Ibom Air, has confirmed the report of an ‘averted disaster’ on Thursday after a heroic flight engineer intervened just in time to prevent a potentially catastrophic incident involving a fully loaded plane bound for Abuja with faulty landing gear. A former Director-General of the Bureau of Public Service Reforms, Dr Joe Abah, […]

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