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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Finnair launches world’s first ‘Native Order’ system with Amadeus

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Chinese hackers hack US Commerce chief's emails

Hackers bribed our staff to access customer data –

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Indonesia relaxes visa rules, extends multiple-entry stay to six

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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 […]

Energy

Stakeholders to explore Africa’s energy future

Experts and stakeholders will convene at the 2025 NOG Energy Week to discuss the future of Africa’s energy sector. The 2025 NOG Energy Week, themed “Accelerating Global Energy Progress through Investment, Partnerships, and Innovation,” is scheduled for June 29 to July 3 at the International Conference Centre, Abuja. According to a statement by the organisers, […]

Aviation

FG unveils plans for direct flights between Nigeria, Tanzania

Nigeria and Tanzania are poised to enhance their bilateral relations with the planned introduction of direct flights between the two nations. This initiative is part of a broader strategy to deepen economic and diplomatic ties. Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, held a meeting with the Head of Chancery at the Tanzania […]

Oil and Gas

Nigeria’s gas-led energy transition attracts $5b in global investments — NGA

The Nigerian Gas Association has said that Nigeria’s gas-led energy transition strategy is attracting growing international interest, with over $5 billion in new investments recorded in the sector as of 2024. NGA President, Akachukwu Nwokedi, revealed this during a press briefing on Saturday in Lagos, ahead of the upcoming 29th World Gas Conference slated for […]

featured

UN faces financial crisis, cuts workforce in Nigeria, eight other nations

The United Nations Office for the Coordination of Humanitarian Affairs is set to cut its workforce by 20% following a $58 million funding shortfall. This move will impact operations in Nigeria and eight other countries, as the agency restructures to cope with declining financial resources. U.N. aid chief Tom Fletcher announced the restructuring in a […]

Business

China welcomes US electronics tariff exemption, calls it minor progress 

China has described the United States decision to exempt certain consumer electronics from its tariffs as a minor but welcome step toward addressing what it calls unfair trade practices. Beijing urged Washington to go further by removing all additional levies. On April 11, the Trump administration announced that smartphones, computers, and other electronics would be […]

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