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NITDA urges regulatory collaboration to support emerging technologies

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W’Bank, Nigeria deepen ties with 90,000km fibre optic broadband plan

The World Bank Group has pledged to strengthen its partnership with the Federal Government of Nigeria, unveiling plans for a nationwide 90,000-kilometre fibre optic project to expand digital broadband access across the country. Anshula Kant, Managing Director and Chief Financial Officer of the World Bank, made the commitment during a courtesy visit to President Bola […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
Tech

Microsoft hack hits S’Africa, impacts key institutions

Hackers have compromised multiple entities in South Africa through a critical vulnerability in Microsoft’s SharePoint servers, cybersecurity firm Eye Security has disclosed. The breach is part of a broader cyberattack that has impacted around 400 organizations globally. Eye Security, which identified the early wave of attacks, said the actual number of affected institutions may be […]

FG reviews road concessions, repairs on Kaduna-Abuja expressway
News

FG reviews road concessions, repairs on Kaduna-Abuja expressway

The Federal Government has commenced a thorough review of road concession agreements signed in 2023 under the Highway Development and Management Initiative, with the aim of aligning them with the current administration’s infrastructure agenda. Speaking in Abuja at the close of a two-day stakeholders’ meeting on July 22, Minister of Works, Senator David Umahi, said […]

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Nigeria’s AI market to hit $434.4m by 2026 – Report 

The Centre for the Study of the Economies of Africa, an Abuja-based nonprofit research think tank founded by former World Bank Managing Director and current WTO Director General, Dr. Ngozi Okonjo-Iweala, on Wednesday unveiled its latest findings on the use of Artificial Intelligence across key sectors of the Nigerian economy. Speaking at the event in […]

Aviation

Passenger plane disappears from radar in Russia

A passenger aircraft operated by Siberia-based Angara Airlines went off radar on Thursday during a domestic flight in Russia’s Far East, prompting an ongoing search and rescue operation, according to local officials and Russian media reports. The Antonov An-24 turboprop was carrying around 50 people on a flight from Blagoveshchensk to Tynda in the Amur […]

Reps adopt tax reforms, retains VAT at 7.5%
Business

Reps approve $47m loan hike for coastal highway project

The Federal Government will now spend $747 million on the Lagos-Calabar Coastal Highway following the House of Representatives’ approval of an additional $47 million external loan for the project. The 700-kilometre Lagos-Calabar Coastal Highway, being constructed by Hitech Construction Company Ltd, is expected to be completed within eight years. In addition to the $47 million […]

The Federal Government, through the Debt Management Office, has announced plans to reopen two tranches of its savings bonds worth a combined N350 billion for public subscription.
Business

FG to offer N80bn bonds in July 2025 auction

The Debt Management Office has announced that the Federal Government of Nigeria will offer N80 billion in bonds for subscription via auction on July 28, 2025, with settlement scheduled for July 30, 2025. According to a circular posted on the DMO’s website, the offer includes two re-openings of existing FGN bonds: N20 billion of the […]

Reps proposes bill to ensure timely salary payments
News

Reps launch probe into turnaround maintenance of four refineries

The House of Representatives Committee on Petroleum Resources (Downstream) has launched an investigation into the turnaround maintenance of Nigeria’s four state-owned refineries. This move follows a similar pledge by the Committee on Petroleum Resources (Midstream) to probe why the refineries remain largely non-functional despite $18 billion reportedly spent on maintenance. The Committee also plans to […]

Business

Suppliers reject Dangote’s planned direct fuel distribution model

Less than a month before Dangote Refinery begins its direct fuel distribution initiative, oil suppliers in Nigeria are urging the company to reconsider the move. Starting August 15, Dangote plans to supply fuel directly to filling stations, telecom companies, aviation operators, and other bulk consumers—bypassing traditional depots and middlemen. But the Natural Oil and Gas […]

Microsoft sharepoint cyberattack hits 400 victims - Researchers
News

Microsoft sharepoint cyberattack hits 400 victims – Researchers

A rapidly expanding cyber-espionage campaign targeting outdated versions of Microsoft SharePoint has compromised approximately 400 organizations, according to Dutch cybersecurity firm Eye Security. The updated figure marks a fourfold increase from the 100 victims initially reported over the weekend and underscores the scale of the ongoing breach, which experts believe is being exploited by state-backed […]

Visa opens first African data centre in South Africa
News

Visa opens first African data centre in South Africa

Visa Inc. has launched its first-ever data centre in Africa, marking a major investment in the continent’s rapidly growing digital payments sector. Located in Johannesburg, the new facility forms part of a 1 billion rand ($57 million) investment in South Africa over the next three years, company executives announced at the official opening on Wednesday. […]

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