FG partners W’bank to launch $750m electricity project
The Rural Electrification Agency has announced the initiation of a new rural electricity project next month, financed by the World Bank with a budget of $750 million. This initiative aims…
Nigeria, UAE visa situation to normalise soon – Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, announced that the situation regarding UAE visas for Nigerians is expected to normalize soon, indicating progress in resolving the ongoing travel…
ICYMI: Nigeria’s cryptocurrency transactions hit $59bn
Nigeria has established itself as a global leader in cryptocurrency adoption, trading approximately $59 billion as it rank second overall in the Chainalysis Global Adoption Index. Between July 2023 and…
Naira falls 8.25% to N1,669.15 in I&E window
The naira experienced a significant depreciation against the US dollar on Tuesday, closing at N1,669.15 in the official Investor and Exporter window. This represents an 8.25% decline from the previous…
Local refineries produced 1.46bn litres of petrol – NBS
Nigeria produced only 1.46 billion litres of petrol, from 2015 to 2019, primarily due to low refining capacity from inactive refineries, according to the National Bureau of Statistics. This information…
World Bank partners Nigeria to develop maritime sector
The World Bank Group has expressed its interest in partnering with Nigeria’s Ministry of Marine and Blue Economy to enhance the country's maritime sector. This was disclosed in a statement…
BOI unveils platforms to check food prices in different states
The Bank of Industry has launched a mobile app and a web platform, Pricesense.ng, to help users monitor live food prices in real-time across eight states in Nigeria. The app…
IT entrepreneur David Steward named richest black American
David Steward, an IT entrepreneur from Missouri, has been recognized as the richest Black person in America, according to the 2024 Forbes 400 list. With a net worth of $11.4…
OpenAI raises $6.6bn, valuation soars to $157bn
OpenAI, the creator of ChatGPT, has successfully secured $6.6 billion in funding, potentially valuing the company at $157 billion and solidifying its status as one of the world's most valuable…
Oando becomes Nigeria’s first local IOC with $4bn valuation
Oando Plc's operations in the São Tomé and Príncipe Exclusive Economic Zone mark a significant milestone, establishing it as Nigeria's first indigenous International Oil Company. This achievement reflects the dedication…
Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
Bitcoin, the leading cryptocurrency, fell sharply to $60,000 yesterday in response to intense missile strikes by Iran on Israel. Reports indicated that Iran launched over 400 missiles into Israeli territory,…
Meta to make Facebook creators earn money easily
Meta is streamlining its three monetization programs for Facebook to simplify the process for creators looking to earn on the platform. Previously, creators could monetize their content through in-stream ads,…
