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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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North Korean hackers intending to liquidate millions in stolen crypto, FBI warns

Hackers target Japan’s midsized brokerages amid rising online threats

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Meta delays release of flagship ‘Behemoth’ AI over performance concerns

Meta delays release of flagship ‘Behemoth’ AI over performance

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Shell pays $5.34bn to FG in 2024, highest globally 

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BPP boss promotes procurement process enforcement

FG approves revised procurement thresholds for MDAs

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Power sector reform crucial to $1tn economy – Elumelu

The Chairman of Transcorp Group, Tony Elumelu, has stated that Nigeria’s goal of building a $1 trillion economy cannot be achieved without addressing the pressing issues in the country’s electricity sector. Speaking at the company’s Annual General Meeting in Abuja on wednesday, Elumelu emphasized that reliable power is the most crucial factor in transforming the […]

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Court stops housing ministry from demolishing Banana Island clubhouse

A Federal High Court in Lagos has issued an interim injunction stopping the Federal Ministry of Housing and Urban Development from demolishing the Boat ClubHouse property located at OT QC, Banana Island, Ikoyi, Lagos. The ministry had planned the demolition to create access for a new estate project, Apple Island. The court’s order restrains the […]

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Personal remittance inflow hits $20.93bn in 2024

The Central Bank of Nigeria has announced that personal remittance inflows increased to $20.93 billion in 2024, reflecting an 8.9% year-on-year growth. The CBN also reported a balance of payments surplus of $6.83 billion for the 2024 financial year. This was disclosed in a statement signed by the CBN’s Acting Director of Corporate Communications, Mrs […]

Apple partners Anthropic on AI-Powered 'vibe coding' platform
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Apple soars to best day since 1998 after Trump’s tariff pause

Apple shares soared 15% on Wednesday after President Donald Trump announced a 90-day pause on planned “reciprocal tariffs” that would have impacted the company’s production hubs in Vietnam, India, and Thailand. The rally boosted Apple’s market capitalization by over $400 billion, bringing it just shy of the $3 trillion mark. It was the company’s best […]

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Trump suspends all reciprocal tariffs except those on China

President Donald Trump has announced a full suspension of all “reciprocal” tariffs that took effect at midnight, excluding those on China. He stated that tariffs on Chinese imports will be raised from 104% to 125%. In a Truth Social post on Wednesday, former President Donald Trump said he has “authorized a 90-day PAUSE, and a […]

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FG to begin automation of landing, exit cards for foreigners on May 1

The Federal Government of Nigeria has announced significant changes to its immigration procedures, set to take effect on May 1, 2025. These reforms aim to enhance border security and streamline the entry and exit processes for foreign travelers. Through automation, foreigners will now need to complete forms online before boarding flights to or from Nigeria. […]

Apple to hike iPhone prices ahead of launch
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Trump’s tariffs could push iPhone prices to $3,500, experts warn

In a fiery “Liberation Day” speech, U.S. President Donald Trump proclaimed that “jobs and factories will come roaring back,” as sweeping new global tariffs came into effect. However, industry experts warn that the cost of these measures could fall heavily on American consumers—particularly those purchasing electronics like Apple’s iPhone. The tariffs, designed to encourage domestic […]

US DOJ urges Google to sell ad tools over antitrust concerns
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Google updates workspace with AI to handle specialized tasks

Google is injecting a fresh wave of artificial intelligence into its Workspace suite, unveiling new automation tools and generative AI features designed to boost productivity and streamline office workflows. At its Cloud Next event, the tech giant introduced Workspace Flows, a powerful new tool aimed at automating multi-step tasks — such as updating spreadsheets, searching […]

Samsung’s home robot ‘Ballie’ adds Google’s Gemini AI
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Samsung’s home robot ‘Ballie’ adds Google’s Gemini AI

Samsung is teaming up with Google Cloud to bring Gemini, Google’s powerful generative AI, to its long-anticipated home robot, Ballie, the companies announced on Wednesday. Through this partnership, Ballie will gain access to Gemini’s multimodal AI capabilities, allowing it to understand and respond to queries using both audio and video input. Samsung says users will […]

Google rolls out AI-Powered scam protection on Chrome
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Google adds AI-powered music feature to Cloud

Google announced a series of major upgrades to its generative AI tools, signaling a stronger push to dominate the enterprise AI market at its annual Cloud Next conference. The updates, rolled out Wednesday, enhance several first-party media-generating models within the company’s Vertex AI platform. Among the highlights is the preview release of Lyria, Google’s text-to-music […]

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Naira-for-crude policy still in effect, FG tells Dangote, others

The Federal Government has emphasized that its naira-for-crude initiative with local refineries is not a temporary solution but a strategic policy aimed at promoting sustainable domestic refining. The Nigerian government has confirmed that the naira-for-crude initiative remains in effect, overriding the decision made by the NNPC under former CEO Mele Kyari to terminate it. During […]

Libya devalues currency amid deepening economic strain
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Libya devalues currency amid deepening economic strain

Libya’s central bank has officially devalued the national currency by 13.3%, setting the new exchange rate at 5.5677 dinars to the U.S. dollar, down from the previous rate of 4.48 dinars. The change, effective immediately, marks the country’s first official currency adjustment since 2020. The devaluation comes as part of ongoing efforts to stabilise Libya’s […]

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