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Student loan: How to apply for NELFUND

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NELFUND caps loan repayment at 10% of graduates’ monthly

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Crude oil prices rise as Iran rules out talks

Business

Over 200 KASU lecturers resign over poor service conditions

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Former U.S. President Barack Obama has joined Bluesky, the open-source social network positioned as an alternative to X, the platform formerly known as Twitter.
News

Barack Obama joins X’s rival Bluesky

Former U.S. President Barack Obama has joined Bluesky, the open-source social network positioned as an alternative to X, the platform formerly known as Twitter. Bluesky confirmed Obama’s arrival on Sunday, marking a significant addition to its roster of high-profile users. Bluesky COO Rose Wang validated Obama’s account after speculation about its authenticity, replying to a […]

News

Lagos, Axxela partner to improve energy infrastructure 

Axxela Limited, a leading energy solutions provider in sub-Saharan Africa, has announced plans to partner with the Lagos State Government to tackle energy challenges and improve power reliability across the state. The announcement was made during a recent visit to Governor Babajide Sanwo-Olu at the Lagos House, Marina, according to a statement posted on the […]

Sam Altman’s World Network in talks with Visa for stablecoin payments
Tech

Sam Altman’s World Network in talks with Visa for stablecoin payments

Sam Altman’s cryptocurrency project, World Network, is in discussions with Visa to introduce a stablecoin payments wallet, according to a report by CoinDesk on Monday, citing a source familiar with the plans. The potential deal would enable Visa card functionality within World Network wallets, allowing users to make stablecoin-based payments to merchants within Visa’s vast […]

Chinese smartphone and electric vehicle manufacturer Xiaomi Corp is set to raise up to $5.27 billion through a top-up share placement. 
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Xiaomi to raise $5.27bn in share sale amid expansion plans

Chinese smartphone and electric vehicle manufacturer Xiaomi Corp is set to raise up to $5.27 billion through a top-up share placement. The company is offering 750 million Class B shares at a price range of HK$52.80 to HK$54.60 per share, reflecting a 4.2% to 7.4% discount from its Monday closing price of HK$57, Reuters reported. […]

Shipping crisis stalls Dangote fuel distribution
News

Fuel crisis looms as Dangote refinery halts Naira sales

The recent decision by the Dangote Petroleum Refinery to suspend the sale of petroleum products in naira has triggered panic buying among filling station operators. Some fuel retailers have begun stockpiling Premium Motor Spirit, anticipating a price increase due to the Federal Government’s failure to continue crude oil sales to the refinery in local currency. […]

Tech

German SAP overtakes Novo Nordisk as Europe’s largest company

German software company, SAP has now become Europe’s largest company by market capitalization, surpassing Novo Nordisk. On Monday SAP’s market cap reached $340 billion, slightly edging out Novo Nordisk, which is known for the weight loss drug Ozempic. This marks a significant shift in Europe’s corporate landscape. SAP’s growth to become Europe’s largest company is […]

Tesla awaits approval to launch smart driving feature in China
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Tesla awaits approval to launch smart driving feature in China

Tesla announced on Monday that it will roll out its Full Self-Driving assistance feature in China once regulatory approvals are complete. The update comes after complaints that a limited-time free trial of the service had been temporarily paused. “All parties are actively advancing the relevant process, and we will push it to you as soon […]

Business

South Korea’s Hyundai to unveil $20b US investment

Hyundai is set to announce a $20 billion investment in United States onshoring, which includes a $5 billion steel plant in Louisiana, according to people familiar with the plans. The plant will employ around 1,500 people and produce next-generation steel for use in Hyundai’s U.S. auto plants, specifically for electric vehicle manufacturing. The $20 billion […]

US seizes servers, $1M in Bitcoin from Russian ransomware gang
News

Bitcoin rises to $87,480 as crypto market gains momentum

Bitcoin and other major cryptocurrencies saw significant gains in early Monday trading, with Bitcoin rising 3.71% to reach approximately $87,480. Ethereum also experienced a strong rally, climbing 4.05% to trade at $2,093. The total cryptocurrency market capitalization increased by 2.94% over the past 24 hours, reaching $2.84 trillion, reflecting strong investor confidence despite concerns over […]

News

Local polypropylene production to boost Nigeria’s textile industry – MAN

The Manufacturers Association of Nigeria stated that the increased local production of polypropylene in Nigeria will strengthen the country’s textile industry. In a recent interview, the Director General of MAN, Segun Kadir-Ajayi, noted that Dangote Refinery’s addition of 900,000 tons of polypropylene will save Nigeria $267 million in import costs. This development is expected to […]

Oil and Gas

IPMAN urges filling station owners to adopt strict fire safety measures

The Independent Petroleum Marketers Association of Nigeria has called on filling station owners to adopt effective fire safety measures to prevent fires and minimize loss of lives and property. The Chairman of IPMAN’s Enugu Depot Unit, Mr. Chinedu Anyaso, made this disclosure on Sunday in Enugu, stressing the importance of fire precautions in the oil […]

Economy

Rewane warns of deeper structural issues amid Nigeria’s rising inflation

The Managing Director of Financial Derivatives Company, Bismarck Rewane, has expressed concerns over Nigeria’s rising inflation, describing it as a sign of deeper structural issues in the economy. Rewame made this disclosure on Monday during a live appearance on Channels Television’s Business Morning. He noted the recent inflation data, which showed troubling increases in both […]

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