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Finance

Oyedele, Wike meet to harmonise FCT tax administration

The Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele and his Federal Capital Territory counterpart, Barr. Nyesom Wike have met to fine-tune the tax administration in the FCT. Mr. Oyedele, in a statement on Sunday, described it as a, “productive bilateral meeting,” adding, “the two Ministers also reviewed plans to harmonise […]

Tech

Big tech reroutes Gulf data via Iraqi pipeline-linked fiber networks – Report

Major US hyperscale cloud providers operating data centres across the Gulf are rerouting data traffic away from the conflict zone through fibre-optic networks laid alongside crude oil pipelines by an Iraqi telecommunications company, ensuring uninterrupted delivery of apps and online services to millions of users. The data centres serve customers in more than 190 countries, […]

Business

Crude prices slide as US-Iran peace revives bearish bets

A wave of previously sidelined bets on an oil surplus is regaining traction as crude prices retreat sharply following a peace agreement between the United States and Iran, reversing the supply fears that dominated energy markets during the conflict. Before the US military strikes on Iran, some traders had positioned for an oversupplied oil market […]

Scams

NDLEA arrests two grandfathers for selling drugs to Abia students

The National Drug Law Enforcement Agency has arrested two elderly men, aged 84 and 75, for allegedly supplying and selling illicit drugs to secondary school students in Umuahia, Abia State. The suspects, identified as 84-year-old Godfrey Orji and 75-year-old Godwin Obulunbiya Obiora, were arrested in separate operations by operatives of the agency. According to a […]

featured

Heavy reliance on chatbots may weaken critical-thinking skills – Report

A new study by the Massachusetts Institute of Technology has added to growing evidence that excessive reliance on artificial intelligence chatbots may weaken critical-thinking abilities and reduce people’s capacity to independently identify misinformation. As AI tools become increasingly advanced and widely available, the spread of manipulated images and deceptive headlines has intensified. While AI has […]

Economy featured

Lagos positioned as Africa’s leading geo-economic hub — Sanwo-Olu

Governor Babajide Sanwo-Olu has declared that Lagos is strategically positioned as Africa’s leading geo-economic hub, leveraging trade, infrastructure, finance, technology and human capital to drive prosperity across Nigeria, West Africa and the global economy. Vanguard reported that Sanwo-Olu made the assertion on Saturday at the Geo-Economic Optimization Summit Lagos 2026, organised by the Citadel School […]

Helth

FG approves ₦21.2m Ebola preparedness funds

The Federal Government has approved the release of N21.2 million in outbreak investigation and response funds to each state to strengthen preparedness against Ebola Virus Disease and other public health threats. This is contained in a statement made available to newsmen by Mr Ado Bako, Assistant Director, Information and Public Relations, Federal Ministry of Health […]

News

Tinubu extends Customs CG Adeniyi’s tenure by six months

President Bola Tinubu has approved a fresh six-month tenure extension for the Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi. The extension was disclosed in a statement issued on June 19 by the President’s Special Adviser on Information and Strategy, Bayo Onanuga. The latest extension comes less than a year after Tinubu approved a […]

Finance

Only 18% of Nigerian retailers can access formal loans — FMCG

A new report by commerce technology company Omni, has revealed that only 18 per cent of Nigerian retailers have been able to access formal loans despite widespread demand for financing. Nairametrics reported that the report, launched at the Omni Insights Forum in Lagos on Friday, noted that access to credit remains the biggest challenge facing […]

Aviation featured

Nigeria flags off RwandaAir on Nigeria–East/Southern Africa air cargo route

Nigeria has officially flagged off RwandaAir’s first dedicated cargo flight on the Nigeria–East/Southern Africa Air Cargo Route, creating a new logistics corridor aimed at boosting trade between Nigeria and key markets across East and Southern Africa. The development was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, on Friday, June 19, during […]

Agribusiness featured

FG to centralise livestock data for better sector planning

The Federal Government has moved to centralise Nigeria’s livestock data through the validation of the National Livestock Information Management System. Nairametrics reported that this was disclosed by the Permanent Secretary of the Federal Ministry of Livestock Development, Dr. Chinyere Ijeoma Akujobi, during a validation session in Abuja. The platform is designed to strengthen data-driven decision-making, […]