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NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
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Senate, SIBAN partner on legal framework for digital assets

Nigeria has moved a step closer to formalising cryptocurrency regulation as the Senate announced a partnership with the Stakeholders in Blockchain Association of Nigeria to develop a legal framework for digital assets and blockchain operations. The collaboration was disclosed on Thursday during an interactive session between the Senate Committee on Capital Market, chaired by Senator […]

OpenAI unveils GPT-5 amid rising industry investment
Tech

OpenAI launches AI jobs platform to rival LinkedIn

OpenAI is launching an AI-driven jobs platform as part of its wider push to expand AI literacy and grow its consumer and business AI offerings. The new “OpenAI Jobs Platform” will leverage AI to match qualified candidates with companies, potentially positioning it as a rival to Microsoft’s LinkedIn. OpenAI and Microsoft share a complex relationship: […]

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EFCC declares Sujimoto CEO wanted for alleged money laundering

The Economic and Financial Crimes Commission has declared Olasijibomi Ogundele, Chief Executive Officer of Sujimoto Luxury Construction Limited, wanted over alleged money laundering and diversion of funds. The anti-graft agency announced the development in a notice signed by its spokesperson, Dele Oyewale, on Friday. According to the EFCC, Ogundele, 44, is an indigene of Ori-Ade […]

Business

Nestle Nigeria projects record N118.7bn profit for 2025

Nestle Nigeria Plc is estimated to rebound in the full year of 2025 after enduring two years of consecutive losses, driven by chronic naira volatility and sky-high inflation that have plunged earnings. The subsidiary of the Swiss-headquartered consumer brand in Nigeria is projected to record a net income of N118.73 billion, reversing the N164.59 billion […]

MTN internet subscription declines over NIN-SIM linkage
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MTN Nigeria to invest N1trn in network upgrade

MTN Nigeria will invest about N1 trillion in 2025 to upgrade its network and expand service capacity nationwide, Chief Executive Officer Karl Toriola said on Thursday. Toriola told journalists that despite harsh macroeconomic conditions in 2024, the company remains committed to enhancing customer experience. He said MTN tracks quality of service daily using independent benchmarks […]

News

UN ends humanitarian flights in Nigeria over poor funding

The United Nations Humanitarian Air Service has ended its fixed-wing air service in Nigeria due to a lack of funding. The Spokesperson for the Secretary-General, Stéphane Dujarric, disclosed this during the noon press briefing at the UN Headquarters in New York. UNHAS, which is operated by the World Food Programme, had to end their fixed-wing […]

Apple faces $1.1bn in tariff costs as trade tensions escalates
Tech

Apple hits $9b sales in India as expansion gains pace

Apple Inc. recorded nearly $9 billion in revenue from India in the last fiscal year, its highest ever, highlighting rising demand for its devices in one of the world’s most competitive smartphone markets. Sales grew about 13 per cent in the 12 months through March, up from $8 billion a year earlier, according to a […]

Business

FG to revoke more mining licences in sector clean-up

The Federal Government has announced plans to revoke more mining licences as part of efforts to sanitise the solid minerals sector and protect investors from fraudulent practices. Director-General of the Mining Cadastre Office, Obadiah Nkom, disclosed this on Thursday during a live conversation on X (formerly Twitter) titled “A Deep Dive into the Mining Cadastre […]

News

RMRDC moves to harness shea export ban for economic growth

The Raw Materials Research and Development Council says it is working to ensure that the Federal Government’s suspension of raw shea nut exports drives long-term growth in the shea value chain and the wider economy. Director-General of the Council, Nnanyelugo Ike-Muonso, said in Abuja on Thursday that the agency has received critical inputs from stakeholders […]

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FAAN flags off rehabilitation of Lagos airport terminal

The Federal Airports Authority of Nigeria has announced the commencement of reconstruction works at the Murtala Muhammed International Airport in Lagos. In a travel advisory issued on Friday, the agency advised passengers to set out early to the airport to avoid missing their flights. “To ensure a smooth travel experience, we kindly request that passengers […]