Blog

RMAFC unveils revenue collection software
featured

RMAFC launches review of political, public officeholder salaries

The Revenue Mobilisation Allocation and Fiscal Commission has officially initiated a review of the remuneration packages for political and public officeholders across Nigeria. This review could result in substantial changes to their earnings, which have remained largely unchanged for nearly two decades. In preparation for a formal announcement, the Commission is holding a strategic retreat […]

Business

Nigeria’s FX reserves hit $41bn, highest in 44 months

Nigeria’s foreign exchange reserves climbed to $41.00 billion on August 19, 2025, reaching a 44-month high. Data released on the Central Bank of Nigeria website shows this is the largest reserve level since December 3, 2021, reflecting consistent external inflows in recent weeks. The recent upturn follows months of gradual decline and volatility, mainly driven […]

US senators demand Meta probe over chatbot child safety concerns
Tech

Meta halts hiring in AI division amid restructuring drive

Meta Platforms has frozen hiring for its newly created artificial intelligence division, the company confirmed on Thursday, marking a pause in an aggressive spending push that has seen billions poured into AI talent and acquisitions. The development, first reported by The Wall Street Journal, took effect last week as part of a broader restructuring of […]

News

FCCPC regulation on loan interest rates worries digital lenders

Digital lenders in Nigeria have expressed concern over the Federal Competition and Consumer Protection Commission’s latest plan to regulate their interest rates. The move follows growing complaints from Nigerians that loan apps charge excessively high rates. Under the newly introduced Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations, 2025, the FCCPC announced it will begin […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
Business

NCC, NGF partner to boost broadband penetration, protect digital infrastructure

The Nigerian Communications Commission has entered into a strategic partnership to harmonise Right of Way policies, boost broadband expansion, and promote inclusive digital transformation across states. In a statement on Wednesday, NGF’s Director of Media and Strategic Communications, Tanko Abdullahi, said the initiative followed a courtesy visit to the NGF Secretariat in Abuja by NCC’s […]

Business

TICAD9: Nigeria prioritising engagements over exhibition, Onanuga reacts to empty booth

The Federal Government has clarified that its focus at the ongoing ninth Tokyo International Conference on African Development in Yokohama, Japan, is on strategic engagements rather than participation in the trade expo. Presidential spokesman Bayo Onanuga, in a statement on Wednesday, addressed concerns raised after a viral photo showed an empty booth labelled “NIGERIA” at […]

featured

NNPC vows to restore dormant refineries despite criticism

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has reaffirmed the company’s resolve to revive the government-owned refineries in Port Harcourt, Warri, and Kaduna. Speaking on Wednesday at the Energy and Labour Summit organised by the Petroleum and Natural Gas Senior Staff Association of Nigeria in Abuja, Ojulari dismissed […]

Aviation

Ethiopian Airlines to boost Abuja flights from October 28

Ethiopian Airlines, Africa’s largest carrier, will increase flights to Abuja from October 28, 2025, as the city cements its status as a hub for international conferences and meetings. The airline announced on Wednesday that it will add three weekly services to its existing daily flights, giving passengers greater flexibility and convenience. The new flights will […]

Business

Lekki port to generate $200bn in 45 years – Oyetola

Minister of Blue and Marine Economy, Adegboyega Oyetola, says the Lekki Port is projected to generate $200 billion in government revenue over its 45-year concession period. Speaking at a breakfast meeting in Lagos on Wednesday, organised by the Nigerian Chamber of Shipping in partnership with Lekki Port, Oyetola noted that since operations began, the port […]

AFG Aviation leases two aircraft to C'River's Cally Air
News

AFG Aviation leases two aircraft to C’River’s Cally Air

The state-owned airline of Cross River, Cally Air, has expanded its fleet with the lease of two aircraft from AFG Aviation, in a move aimed at boosting regional connectivity and tourism. Governor Bassey Otu, accompanied by senior state officials and aviation suppliers, formally received the aircraft at a ceremony in Abuja on Tuesday. The governor […]

Bolt launches dash cam safety feature for Nigerian drivers
News

Bolt launches dash cam safety feature for Nigerian drivers

Ride-hailing company Bolt has unveiled a new safety feature for drivers in Nigeria that transforms smartphones into dash cams through a partnership with U.S.-based Driver Technologies. The feature, long requested by drivers, allows simultaneous recording of a vehicle’s interior and exterior. Videos are stored securely in the cloud and can be accessed or shared during […]