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Nigeria, Brazil open talks on fintech, mobile money ties

Nigeria and Brazil have begun talks to deepen economic and financial cooperation, with emphasis on payment systems, fintech, and mobile money growth. The discussions took place in Brasília between the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and Brazil’s Central Bank Governor, Gabriel Galípolo, during President Bola Tinubu’s state visit. In a statement […]

Oil and Gas

Nigeria’s daily gas production rises by 8.58% in July

Nigeria’s energy sector recorded an 8.58 per cent increase in daily gas production, which rose to 7.59 billion standard cubic feet per day in July 2025 from 6.99 BSCFD recorded in the full year of 2024. According to the Nigerian Upstream Petroleum Regulatory Commission’s status update on gas dashboard for July, the 7.59 billion scfd […]

News

Colombian vice president arrives Abuja for three-day official visit

The Vice President of the Republic of Colombia, Francia Márquez, on Saturday, arrived in Abuja on a three-day official visit to Nigeria. Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice President, in a statement, said the Vice President who is accompanied by her spouse, Rafael Yerney Pinillo […]

15 UK varsities face layoffs, course closures amid enrollment decline
featured Policy and Regulations

UK bans foreign workers from over 100 jobs

The British government has unveiled major immigration reforms, blocking foreign workers from filling more than 100 job categories in a move aimed at reducing net migration. The Home Office, in a statement posted on X Saturday morning, said the decision was geared towards creating more opportunities for local citizens while restructuring the visa regime. “Cutting […]

Conferences

World leaders gather in China for SCO summit

Chinese President Xi Jinping has begun welcoming world leaders in Tianjin, where the Shanghai Cooperation Organisation will hold its largest summit to date. Dignitaries already in the northern port city include United Nations Secretary-General Antonio Guterres and Egyptian Prime Minister Moustafa Madbouly, ahead of two days of meetings that bring together more than 20 heads […]

Diaspora Nigerians to pay ₦80,000 for remote BVN
Economy featured

CBN, Brazil central bank hold talks to boost economic cooperation

Governor of the Central Bank of Nigeria, Olayemi Cardoso, has engaged in high-level talks with his Brazilian counterpart, Gabriel Muricca Galípolo, to strengthen economic and financial cooperation between the two countries. The discussions took place during President Bola Tinubu’s state visit to Brazil and formed part of a broader working visit by the Central Bank […]

India seeks to keep US trade talks on track despite tariff hike
featured Policy and Regulations

US court rules Trump’s tariffs on most countries illegal

A United States appeals court has ruled that most tariffs issued by US President Donald Trump are illegal, setting up a potential legal showdown that could upend his foreign policy agenda. The ruling affects Trump’s “reciprocal” tariffs, imposed on most countries around the world, as well as other tariffs slapped on China, Mexico and Canada. […]

Samsung blames US AI chip sanctions for profit slump, shares dip
Business

US revokes Samsung, SK Hynix chip production licenses for China

The United States is making it more difficult for chipmakers Samsung and SK Hynix to produce chips in China by revoking authorizations that allowed the companies to receive American semiconductor manufacturing equipment there, according to the Federal Register. The U.S. Commerce Department had given the companies exemptions to sweeping restrictions created in 2022 on the […]

Meta plans full AI-driven Ad creation by 2026 - Report
Technology

Meta considers partnerships with Google, OpenAI for AI features

Meta Platforms is considering partnerships with rivals Google or OpenAI to enhance artificial intelligence features in its applications, The Information reported on Friday, citing people familiar with the conversations. Leaders at Meta’s new AI organization, Meta Superintelligence Labs, have explored integrating Google’s Gemini model to deliver conversational, text-based responses for queries submitted to Meta AI, […]

featured Finance

FG to release 2024 budget performance September ending

The Federal Government has said it will release the long-awaited Budget Performance Report for 2024 by the end of September 2025, alongside outstanding reports for the first and second quarters of 2025, in a move aimed at restoring compliance with fiscal reporting requirements. In a statement released on Friday, the Budget Office of the Federation […]

Business

Crackdown on illegal mining protects resources, boosts revenue – NSCDC

The Nigeria Security and Civil Defence Corps says its crackdown on illegal mining has helped protect the country’s mineral resources and boost government revenue. Commandant General Ahmed Abubakar Audi, represented by the assistant commandant and head of the Mining Marshals, Attah John Onoja made this disclosure on Thursday at a national stakeholders and civil society […]