Customs blame foreign exchange for surge in fuel smuggling
The Nigeria Customs Service's Operation Whirlwind Taskforce has attributed the increasing rate of fuel smuggling in the country to fluctuations in foreign exchange. This was disclosed in a statement by…
Ogun, NEPC partner to boost cashew industry
The Ogun State Government has maintained its commitment to partnering with the Nigerian Export Promotion Council and other stakeholders to enhance the cashew industry. This was highlighted in a statement…
NNPC reports destruction of 134 illegal refineries in one week
The Nigerian National Petroleum Company Limited announced the destruction of 134 illegal refineries over the past week and the discovery of 63 unauthorized pipeline connections. In a detailed visual report,…
Samsung plans 30% cut in global staff across divisions
Samsung Electronics, a global leader in smartphones, TVs, and memory chips, is set to reduce its overseas workforce by up to 30% across certain divisions, according to sources familiar with…
US election: Crypto market tumbles as Trump’s odds of winning decrease
Cryptocurrency stocks in the U.S. saw declines in early trading on Wednesday following a contentious presidential debate where Democratic contender Kamala Harris challenged her Republican rival, Donald Trump, who is…
Nigeria posts trade surplus of N6.95tn in Q2 2024
Nigeria achieved a trade surplus of N6.95 trillion in the second quarter of 2024, reflecting robust export performance despite a slight decline in overall merchandise trade. This surplus represents a…
Innoson unveils first locally-made electric vehicle
Innoson Vehicle Manufacturing Company has proudly announced the launch of its first locally produced electric vehicle. Cornel Osigwe, Head of Communications and Corporate Affairs at IVM, shared the milestone on…
Flights canceled as Kenya airport workers protest Indian firm takeover
Workers at Nairobi's Jomo Kenyatta International Airport began a strike on Wednesday, protesting against an Indian company linked to significant flight cancellations and delays. The strike, marked by workers blowing…
Tech community blasts minister over ‘mediocre’ N100m Google AI fund
The announcement of a N100 million AI Fund by the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani has drawn sharp criticism from the Nigerian tech community. Critics argue…
Nigeria’s oil production hit 1.35 mbpd in August – OPEC
Nigeria's crude oil production saw a modest increase in August, rising from 1.307 million barrels per day (mbpd) in July to 1.352 mbpd, according to the latest report from the…
China celebrates Huawei’s tri-foldable phone as Apple rival
Huawei's latest innovation, the Mate XT tri-foldable smartphone, has stirred nationalistic fervor in China, with social media buzzing over its perceived superiority over Apple’s new iPhone 16 lineup. The Mate…
Nigeria emphasizes commitment to advanced aviation solutions at ICAO symposium
The Minister of Aviation and Aerospace Development, Festus Keyamo SAN, emphasized the nation's commitment to sustainable and innovative aviation solutions. Keyamo made this pledge at the International Civil Aviation Organisation’s…
