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Airtel, Starlink debut satellite-to-mobile connectivity in Africa

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PwC flags gaps in new NRS virtual asset

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Nigeria’s exports to China jump 80% to $2.3bn

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Anthropic revenue soars 1,360% ahead of planned IPO

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NCAA to make RFID baggage tracking mandatory at airports

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RMAFC completes review of Nigeria’s revenue allocation formula

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BRICS explores merging payment systems to cut transaction costs

Finance

Airtel, Starlink debut satellite-to-mobile connectivity in Africa

Business

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Meta plans fourth AI overhaul in six months
News

Meta lays off staff in Reality Labs division amid ongoing restructuring

Meta, the parent company of Facebook, has begun another round of layoffs within its Reality Labs division as part of a broader internal restructuring effort, the company confirmed on Thursday. The job cuts primarily impact employees at Oculus Studios, Meta’s in-house game development unit responsible for creating titles for its Quest virtual reality headsets. Among […]

Aviation

Strike: We’ve resolved all issues with NiMet, says Keyamo

The Minister of Aviation, Festus Keyamo, has announced the resolution of the issues that led to the strike by workers of the Nigeria Meteorological Agency. Speaking after a key stakeholder meeting in Abuja on Thursday, Keyamo stated that the government and NiMET unions had reached an agreement on several issues, including salary disparities and the […]

News

Cybercriminals stole $16.6b from Americans in 2024 – FBI

In its latest report, the FBI’s Internet Crime Complaint Center revealed that cybercriminals and scammers stole a record $16.6 billion from Americans in 2024, marking a 33% rise from 2023. The FBI’s Cyber Division deputy assistant director, Cynthia Kaiser, stated that this figure is likely an underestimation of the true extent of losses from cyber-enabled […]

Nigeria remains safe investment destination, says finance minister Edun Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the country’s position as a secure and promising destination for investment, citing ongoing reforms and renewed economic momentum. Speaking at the Nigeria Investment Forum on the sidelines of the World Bank/IMF Spring Meetings in Washington, D.C., Edun highlighted the government’s commitment to fiscal stability and structural reforms aimed at revitalising the economy. “One of the reasons for the new leadership at the Nigerian National Petroleum Company Limited (NNPCL) is to increase production and reduce costs,” Edun said, adding that the administration is also intensifying efforts to diversify the economy and attract private sector participation. According to the minister, the government is focused on optimising state-owned assets to close budgetary gaps and remains committed to upholding the sanctity of contracts — a principle key to building investor trust. “We are committed to stabilising the economy so the private sector will find it attractive to invest,” he said. “Our goal is to ensure fiscal congruence and support sustainable growth.” Edun outlined President Bola Tinubu’s reform agenda, which he said is already producing positive signs of recovery. These include narrowing budget deficits, a stabilising exchange rate, and an improved trade balance. “The economy is showing signs of growth. We are targeting seven per cent annual growth, and the policies we’ve implemented have laid the groundwork to achieve this,” he stated. He identified agriculture as a top priority, emphasizing the importance of boosting local production across the entire value chain to enhance food security. “We aim to close the food supply gap not through imports, but by enabling domestic producers to scale and innovate,” Edun said. Highlighting digital infrastructure as another cornerstone of economic growth, the minister revealed that 90,000 kilometres of fibre optic cable have been deployed nationwide to strengthen connectivity and support Nigeria’s growing tech ecosystem. In addition, 4,000 kilometres of roads have been put forward for private sector participation, with 1,000 kilometres already approved for delivery. Meanwhile, Central Bank Governor Yemi Cardoso echoed Edun’s optimism, noting that the government's tough economic decisions are starting to yield results. “The difficult reforms undertaken have begun to bear fruit,” Cardoso said. “We’ve managed to stabilise the macroeconomy. Fitch’s recent upgrade of Nigeria’s credit rating reflects the progress we’re making.” He acknowledged the challenges of the past 18 months but stressed the administration’s resolve to build a stronger, more resilient economy. “This is about building trust and moving forward with confidence. If we stay the course, we will achieve our goals,” he concluded.
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Nigeria remains safe investment destination, says finance minister Edun

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the country’s position as a secure and promising destination for investment, citing ongoing reforms and renewed economic momentum. Speaking at the Nigeria Investment Forum on the sidelines of the World Bank/IMF Spring Meetings in Washington, D.C., Edun highlighted the government’s […]

JP Morgan doubts $2tn US stablecoin growth forecasts
News

Nigeria in talks to rejoin JP Morgan bond index

Nigeria is in advanced discussions with JP Morgan to re-enter its Government Bond Index, a move aimed at restoring investor confidence and signalling economic reform progress. The Director-General of the Debt Management Office (DMO), Patience Oniha, disclosed this during the Nigerian Investors’ Forum held on the sidelines of the ongoing World Bank and International Monetary […]

Aviation

Airlines maintain flight operations despite NiMET workers strike 

Domestic and international airlines in Nigeria have maintained their operations without any disruptions, despite the ongoing strike by the Nigerian Meteorological Agency. It was reported that Air Peace, Nigeria’s largest domestic airline, suspended flight operations on Wednesday due to the ongoing strike by NiMet workers. However, findings reveal that all other airlines in Nigeria have […]

Aviation

ValueJet expands West African reach with new Lagos–Banjul route

ValueJet, a Nigerian airline, has announced it will begin direct flights from Lagos to Banjul, The Gambia, starting May 15, 2025. This new route will enhance air connectivity between two vibrant West African hubs, supporting The Gambia’s expanding tourism sector and deepening economic and trade relations between both countries. According to the airline, the new […]

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.
News

FG to auction N350bn bonds at N1,000 per unit on April 28

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. The bond auction is scheduled to hold on April 28, 2025. According to a statement released by the DMO on Tuesday, each bond will be offered at N1,000 […]

Maritime

FG launches access to $25m in cabotage vessel financing fund 

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced that qualified applicants are now eligible to access up to $25 million each from the Cabotage Vessel Financing Fund at competitive interest rates. This was revealed in a statement issued by his Special Adviser on Media and Communications, Dr. Bolaji Akinola. Oyetola also instructed […]

Trump considers sanctions against China’s DeepSeek
Tech

S’Korea accuses DeepSeek of unlawfully transferring users data

South Korea’s data protection authority has accused Chinese AI company DeepSeek of unlawfully transferring user data without proper consent. The Personal Information Protection Commission stated that after DeepSeek launched its app in South Korea in January 2025, it transferred users’ personal data to entities in China and the United States. In February, South Korea halted […]

FG signs €995m deal to boost Nigerian agriculture sector
News

FG unveils green money project to empower youth in agriculture

The Federal Government has launched the Green Money Project, a presidential initiative aimed at empowering young Nigerians through modern agricultural practices. The project was inaugurated by Abiodun Yinusa, Special Assistant to President Bola Tinubu on Agriculture, during an event at the Federal University of Agriculture, Abeokuta on Wednesday. Yinusa explained that the initiative seeks to […]

Aviation

FG flags off flight operations at Minna international airport

The Federal Government on Wednesday launched flight operations by Overland Airways at the newly reconstructed Bola Ahmed Tinubu International Airport in Minna, Niger State. The Minister of Aviation and Aerospace Development, Festus Keyamo, who officiated the event, described the airport as a key alternative to the Nnamdi Azikiwe International Airport in Abuja, according to NAN. […]

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