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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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Private sector laments loan repayment as interest rate hits 26.26%
News

Cardoso reaffirms commitment to gender-balanced leadership

The Central Bank of Nigeria Governor, Olayemi Cardoso, has reaffirmed the bank’s commitment to gender-balanced leadership. He revealed that women now make up 35% of the bank’s directors and half of its non-executive board, marking significant progress from previous levels. Speaking at the grand finale of the International Women’s Day celebrations at the CBN Head […]

News

FG unveils initiative for major highway concessions

The Federal Government has announced that the Highways Management and Development Initiative will drive the concession of major highways to enhance road infrastructure. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this known during a Zoom dialogue meeting in Abuja on Thursday. “The Highways Management and Development Initiative would facilitate […]

Economy

FG raises N1.94tn through bond investors

The Federal Government borrowed a total of N1.94tn from bond investors in Q1 2025, according to bond auction results from the Debt Management Office. This amount was raised through Federal Government of Nigeria (FG) bonds over three months and excludes borrowings from the FGN savings bond programme. The figure represents the total amount allotted to […]

Electricity

NERC installs 185,439 prepaid meters in Q4

The Nigerian Electricity Regulatory Commission reported that 185,439 meters were installed in the last quarter of 2024, a 0.19% increase from the 185,087 meters installed in Q3. According to the commission’s report, the new installations raised the net end-user metering rate across all DisCos by 0.42 percentage points, from 46.15% in Q3 2024 to 46.57% […]

Microsoft to boost startup speed of office apps
News

Microsoft to boost startup speed of office apps

Microsoft is set to enhance the startup speed of its Office applications, beginning with Word in May. The improvement will be driven by a new scheduled task that runs silently when a PC boots up, ensuring that Word—and eventually other Office apps—launch more quickly. “We are introducing a new Startup Boost task from the Microsoft […]

WhatsApp surpasses 3bn monthly users
News

iPhone update allows users set WhatsApp as default app

iPhone users can now designate WhatsApp as their default app for calls and text messages, following the latest update to version 25.8.74. The change, first reported by WABetaInfo, allows users to select WhatsApp as their preferred option in the device’s Messaging and calling default app settings. Apple had initially announced that iPhone users in the […]

Zenith Bank reports N1.03trn profit in 2024 financial results
Banking

Zenith Bank reports N1.03trn profit in 2024 financial results

Zenith Bank Plc has announced its financial results for the 2024 fiscal year, posting a record profit after tax of N1.03 trillion, a 52.5% increase from the N676.9 billion reported in the previous year. The bank’s gross earnings surged to N4 trillion, with interest income and trading income serving as major contributors to its revenue […]

TikTok unveils feature to allow users add for video context
News

TikTok expands e-commerce platform to France, Germany, Italy

TikTok is set to expand its e-commerce platform, TikTok Shop, to users in France, Germany, and Italy starting Monday. The platform, which launched in the United Kingdom in 2021, is now making a broader push into the European market, Reuters reported. While TikTok Shop is already available in the United States and saw strong sales […]

NNPCL moves to sell shares, seeks strategic partners
Oil and Gas

NNPCL moves to sell shares, seeks strategic partners

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced that it is in the final stages of preparations for its anticipated listing on the capital market, in compliance with the Petroleum Industry Act 2021. In a statement released on Thursday in Abuja, NNPC Ltd’s Chief Corporate Communications Officer, Olufemi Soneye, disclosed that the company […]

Onne customs reports N643bn revenue for 2024
News

Customs to launch e-system for cash declaration, fight money laundering

The Nigeria Customs Service is preparing to launch an electronic system to streamline the declaration process for travelers carrying significant amounts of cash into or out of Nigeria. In an interview on Thursday, NCS spokesperson, Abdullahi Maiwada stated that this initiative aims to strengthen the country’s anti-money laundering framework and improve compliance with financial regulations, […]

Trump brushes off Musk’s criticism of $500bn AI project
News

Germany slams Trump’s 25% car import tariffs

Germany’s economy minister and the auto industry criticized United States President, Donald Trump’s plan to impose a 25% tariff on car imports, calling it a “fatal signal” for free and rules-based trade. On Wednesday, Trump announced plans to impose tariffs on all imported vehicles and foreign-made auto parts, set to take effect on April 2. […]

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