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Lagos insists on valid planning permits for all

  • 16th May 2025
UK economy hits unexpected growth

Reforms position Nigeria as emerging investment hub –

  • 15th May 2025
Ogun cargo airport to employ 25000 youths on completion - Dapo Abiodun

Mamuda Beverages invests $50m in new industrial facility

  • 14th May 2025

Nigeria ships first Obodo crude blend, says NUPRC

  • 14th May 2025

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Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC

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Eni gets approval to sell Nigerian Agip Oil to Oando
News

US cancels Italy’s Eni permit for Venezuelan gas production

Italy’s Eni confirmed on Sunday that United States authorities had informed the company it would no longer be permitted to receive oil from Venezuela’s state-run PDVSA as repayment for gas production. Reuters reported on Saturday that the U.S. government had notified PDVSA’s foreign partners, including Eni, of its decision to revoke authorizations allowing them to […]

TikTok removes more Universal Music songs as conflict worsens
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TikTok Shop hits 47m shoppers, redefining online retail

TikTok Shop has rapidly gained traction despite entering the market late. Launched in the United States in 2023, it has attracted 47 million shoppers who collectively spend $32 million daily, according to Capital One Shopping. The platform combines Temu’s low prices with the social shopping experience of Instagram and Facebook, making it a formidable player […]

Tech billionaires lose $34.4bn amid market sharp decline
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Tech billionaires lose $34.4bn amid market sharp decline

Tech billionaires have collectively lost $34.4 billion in net worth as technology stocks suffered a sharp decline. Leading the losses was Meta CEO Mark Zuckerberg, whose fortune shrank by $8.8 billion, according to Forbes’ real-time billionaire index. Amazon founder Jeff Bezos followed closely, seeing his wealth drop by $7.9 billion. Google co-founders Larry Page and […]

Banking

Zenith Bank’s e-banking revenue soars 54.51% to ₦80.05b in 2024

Zenith Bank’s electronic banking revenue grew by 54.51% in 2024, reaching ₦80.05 billion, up from ₦51.8 billion in 2023. This significant increase highlights the rising adoption of digital banking services. The figures were revealed in Zenith Bank’s unaudited financial statement for the year ended December 31, 2024. Electronic fees include income from ATM withdrawals, balance […]

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FG strengthens port, border surveillance to combat illegal wildlife trafficking

The Federal Government has announced plans to strengthen surveillance at airports, seaports, and land borders to curb illegal wildlife trafficking. This was disclosed in a statement by the Spokesperson for the Ministry of Foreign Affairs, Kimiebi Imomotimi Ebienfa, in Abuja, on Saturday. This follows the recent discovery of a baby gorilla smuggled from Nigeria by […]

Police arraign suspect over Bumpa co-founder Teejay Opayele's death
News

Police arraign suspect over Bumpa co-founder Teejay Opayele’s death

The Lagos State Police Command has confirmed the arraignment of Abiola Odutayo in connection with the death of Adetunji Opayele, co-founder of Bumpa, popularly known as Teejay. Opayele, 32, lost his life in a tragic road accident on March 4, 2025, an incident that has sparked widespread public concern. According to a statement released on […]

News

NESG urges FG to maintain 2.2mbpd oil output for 2025 budget

The Nigeria Economic Summit Group has recommended that the Federal Government sustain crude oil production at 2.2 million barrels per day to ensure the feasibility of the 2025 budget and stabilize the economy. The NESG’s Chief Executive Officer, Dr. Tayo Aduloju, emphasized this during a media briefing on the group’s 2025 strategic vision and private […]

President Tinubu to reduce inflation to 15% by 2025
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Tinubu approves Investment and Securities Act 2024

President Bola Ahmed Tinubu has enacted the Investment and Securities Act 2024, a significant advancement in Nigeria’s capital market reforms. This new legislation repeals the Investments and Securities Act No. 29 of 2007, aiming to fortify the legal and regulatory framework governing investments and capital market operations in the country. In a statement on Friday, […]

YouTube tests two-person premium subscription in select countries
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YouTube to cut notifications for channels with low engagement

YouTube has launched a new test that could prevent users from receiving push notifications for channels with frequent uploads, even if they have opted to receive all alerts. According to an announcement from TeamYouTube, the experiment affects channels where users have notifications set to “all” but have not been engaging with recent alerts. The test […]

Over 20,000 sign petition seeking justice for Bumpa co-founder
News

Over 20,000 sign petition seeking justice for Bumpa co-founder

A petition demanding justice for Adetunji ‘TeeJay’ Opayele, Co-founder and Chief Technical Officer of Nigerian retail automation startup Bumpa, has garnered over 20,000 signatures on Change.org. The petition, addressed to the Lagos State Government, seeks a manslaughter charge against the driver allegedly responsible for his death. According to Techpoint Africa, Opayele died on March 5, […]

OpenAI adjusts content moderation policies for ChatGPT
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OpenAI adjusts content moderation policies for ChatGPT

OpenAI’s new image generator in ChatGPT has quickly gained attention for its ability to create Studio Ghibli-style illustrations. Beyond its artistic appeal, the GPT-4o-powered generator enhances ChatGPT’s ability to edit images, render text, and improve spatial representation. However, a significant change OpenAI implemented this week involves adjustments to its content moderation policies. Under the new […]

Google settles $100m lawsuit over ad pricing disputes
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Google settles $100m lawsuit over ad pricing disputes

Google has agreed to pay $100 million in cash to settle a long-standing lawsuit alleging that it overcharged advertisers by failing to provide promised discounts and charging for ad clicks outside targeted geographic areas. The preliminary settlement of the 14-year-old class action, which began in March 2011, was filed late Thursday in the federal court […]

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