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PwC flags gaps in new NRS virtual asset

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UAE oil giant vessel attacked in Strait of Hormuz

Oil and Gas

Agric credit hits ₦3.86trn as oil, gas lending falls

Agribusiness

PwC flags gaps in new NRS virtual asset tax

Business

Bonny Light nears $95 as Middle East tensions persist

Oil and Gas

Blog

Trump signs executive order establishing US Bitcoin reserve
News

Harvard hit with another $450m funding cut by Trump administration 

The Trump administration announced on Tuesday that it is cutting an additional $450 million in federal grants to Harvard University, adding to the $2.2 billion already frozen the previous week. “Harvard University has repeatedly failed to confront the pervasive race discrimination and anti-Semitic harassment plaguing its campus,” the Joint Task Force to Combat Anti-Semitism said […]

Two Chinese charged for shipping US AI chips to China
Tech

Nvidia to sell 18,000 AI chips to Saudi Arabia

Nvidia CEO Jensen Huang announced on Tuesday that the company will sell over 18,000 of its latest artificial intelligence chips to Saudi Arabia’s Humain. Huang made this disclosure during a White House-led visit to the region, which includes President Donald Trump and other top CEOs. According to the statement, Nvidia’s cutting-edge Blackwell chips will power […]

EU to hold Temu, Amazon liable for dangerous goods
E-commerce

Relief for Shein, Temu as US relaxes tariffs

A temporary reduction in United States tariffs on Chinese imports has provided a critical opportunity for Chinese e-commerce giants, Shein and Temu, to stabilize their U.S. operations, according to supply chain experts. The agreement, announced Monday, lowers tariffs on most Chinese goods to 30% for the next 90 days and includes a relaxation of the […]

Economy

CBN schedules 300th MPC meeting for May 19-20

The Central Bank of Nigeria has announced that the 300th meeting of its Monetary Policy Committee will be held on Monday, May 19, and Tuesday, May 20, 2025, at its headquarters in Abuja. The announcement was made via a public notice published on the CBN’s official website on Tuesday. According to the announcement, the meeting […]

Business

China resumes Boeing plane deliveries amid US trade talks

China has lifted its ban on domestic airlines accepting deliveries of Boeing aircraft, signaling a thaw in trade tensions with the United States, Bloomberg reported Tuesday. The report cited sources familiar with the matter. The decision follows an agreement between Washington and Beijing to temporarily reduce steep reciprocal tariffs exceeding 100%, announced after weekend talks […]

UAE oil chief named COP28 climate talks president
Crypto

Dubai govt enters partnership to accept crypto payments for services

Dubai’s Department of Finance has partnered with Crypto.com to enable residents to pay government service fees using cryptocurrencies. This collaboration was formalized through a memorandum of understanding signed by government officials and the president of Crypto.com UAE, Mohammed Al Hakim, during the Dubai FinTech Summit. In a press release, government officials stated that the partnership […]

Business

Nigeria to receive $3b in telecoms infrastructure in June – Tijani

The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, announced that the Nigeria will receive $3 billion worth of telecommunications equipment and fibre optic infrastructure by June 2025. Tijani made this disclosure during a panel session at the Nigeria Development Update event organized by the World Bank. Dr. Tijani stated that the significant investment […]

News

FG approves Medipool to distribute essential healthcare products nationwide

The Coordinating Minister of Health and Social Welfare, Prof. Ali Pate, revealed that the Federal Executive Council has approved Medipool, a group purchasing organization, to supply essential healthcare products across Nigeria. He made this disclosure during a briefing with State House correspondents after the sixth FEC meeting of the year in Monday. Prof. Pate stated that […]

News

Samsung unveils slimmest smartphone yet in strategic move against Apple

Samsung Electronics has launched its slimmest flagship smartphone to date — the Galaxy S25 Edge — in a bold move to outpace tech rival Apple in the competitive premium smartphone market. Revealed during a launch event at the company’s store in Seoul, the Galaxy S25 Edge combines a sleek design with cutting-edge artificial intelligence features, […]

How FG can boost Nigeria's digital growth - Analyst
Telecommunications

Banks, Hospitals embrace 5G amid consumer concerns over costs

Nigeria’s adoption of 5G technology is gradually improving but remains largely confined to key sectors like banking, healthcare, and high-tech industries. While the Nigerian Communications Commission recently reported an increase in 5G usage to 2.7%—up from 1.24% a year ago—the technology has yet to reach the broader population of over 170 million telephone subscribers, according […]

Business

Creative Ministry to contribute $100b to Nigeria’s economy by 2030 – Minister 

The Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musawa, announced on Monday that the ministry aims to contribute $100 billion to Nigeria’s economy by 2030. Musawa made this statement after the sixth Federal Executive Council meeting, speaking to State House Correspondents. “Our ministry has committed to contributing and growing the economy by […]

featured

Crude oil drilling in the North to resume soon, says NNPCL 

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has confirmed that the company will soon resume crude oil drilling in the northern region of the country. Ojulari made the announcement during an interview with BBC News Hausa on Monday. The planned resumption comes over two years after the previous […]

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