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New airbus acquisition strengthens Ibom Air – Eno

Aviation

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FG urges banks, fintechs to bridge $14.8bn gender financing

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Google launches AI-powered study tools across Search, Gemini

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Oil and Gas

Renaissance completes takeover of Shell’s onshore assets

Renaissance Africa Energy Holdings has finalized its acquisition of Shell Petroleum Development Company of Nigeria, marking a significant shift in Nigeria’s oil and gas sector. This transaction, valued at $2.4 billion, concludes Shell’s nearly century-long onshore operations in the country. This comes after the sale and purchase agreement with Shell in January 2024 and the […]

Private sector laments loan repayment as interest rate hits 26.26%
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CBN uncovers N2.3m illicit naira dealings

The Central Bank of Nigeria has raised concerns about the rising incidence of illicit transactions involving banknotes, warning that this trend threatens financial system stability. CBN Governor, Olayemi Cardoso, made this known on Thursday at the Bank’s Security Workshop in Abuja, where security and law enforcement agencies convened to tackle the issue. Cardoso revealed that […]

Aviation

Foreign airlines hike tickets over trapped funds, naira devaluation – Keyamo

The Federal Government, through Aviation Minister Festus Keyamo, is working to reduce high airfares for domestic and international travel while improving airport safety and security. Keyamo made this disclosure at the Ministerial Press Briefing on Thursday in Abuja. He identified several factors contributing to high exorbitant fares, including limited access to affordable aircraft leasing, trapped […]

Trump escalates trade war with 200% tariff on European alcohol
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Trump escalates trade war with 200% tariff on European alcohol

President Donald Trump has vowed to impose a sweeping 200% tariff on European alcoholic beverages, responding to the European Union’s retaliatory tariffs on U.S. steel and aluminum. The escalating trade battle intensified after the EU announced a 50% tariff on American spirits, set to take effect on April 1. The move came swiftly after the […]

Reps adopt tax reforms, retains VAT at 7.5%
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Reps adopt tax reforms, retains VAT at 7.5%

The House of Representatives has adopted the Tax Reform Bills as a working document, confirming that Nigeria’s Value Added Tax will remain unchanged at 7.5%. Presenting the report on Thursday, the Chairman of the Finance Committee, James Faleke, assured lawmakers that contentious areas had been addressed and reaffirmed that the VAT rate would not increase. […]

TETFund allocates N700bn to varsities for 2025
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TETFund allocates N700bn to varsities for 2025

TETFUND has announced its intervention allocations for 2025, with universities set to receive N2.8 billion each, polytechnics N1.9 billion, and colleges of education N2.1 billion. The funding is part of a larger N700 billion package approved by President Bola Tinubu to bolster infrastructure, research, and development across Nigeria’s tertiary institutions. The Executive Secretary of TETFund, […]

NAICOM reveals over 1,500 complaints against Nigerian insurers
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NAICOM reveals over 1,500 complaints against Nigerian insurers

The National Insurance Commission has released a comprehensive report revealing that 1,571 complaints were lodged by policyholders against various insurance companies in Nigeria, with Industrial and General Insurance Plc recording the highest number of grievances. Published on NAICOM’s website on Wednesday, the report is part of the commission’s ongoing efforts to ensure insurers honor valid […]

Meta plans fourth AI overhaul in six months
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Meta wins lawsuit halting promotion of ex-employee book

Meta Platforms secured an emergency arbitration ruling on Wednesday to temporarily halt the promotion of ‘Careless People,’ a tell-all book written by former company executive Sarah Wynn-Williams. The ruling, issued by the American Arbitration Association’s emergency arbitrator Nicholas Gowen, was published by the social media giant. Wynn-Williams, Meta’s former director of global public policy, paints […]

Xbox unveils AI-powered gaming assistant
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Xbox unveils AI-powered gaming assistant

Xbox has introduced “Copilot for Gaming,” an AI-powered virtual assistant designed to enhance player experiences through real-time guidance, game recommendations, and even a bit of trash talk. Powered by Microsoft’s AI technology, Copilot is a voice-activated assistant capable of answering questions, offering strategic advice, and adapting to a player’s style. “It can trash talk you […]

DOGE to cut IRS workforce by 20%
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DOGE to cut IRS workforce by 20%

The Trump administration, in collaboration with the Department of Government Efficiency, is proposing a significant downsizing of the Internal Revenue Service, potentially reducing its workforce by nearly 20% by May 15—just one month after Tax Day. As part of a broader government-wide effort to streamline federal agencies, President Donald Trump has directed agencies to submit […]

Spotify expands audiobook, lure authors with with new publishing program
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Spotify expands audiobook, lure authors with with new publishing program

Spotify has announced the launch of a new publishing program aimed at helping authors turn their short-form stories into audiobooks. The initiative, revealed on Thursday, marks an expansion of the streaming giant’s existing audiobook efforts. Under the new program, Spotify will handle the production and distribution of selected stories, making them available through major audiobook […]

NITDA to develop blockchain "Nigerium" for data Security
News

NITDA, Jigawa partner to provide digital skills for out-of-school children

The National Information Technology Development Agency and the Jigawa State Government are collaborating to provide Almajiri and out-of-school children with essential digital skills. This initiative was highlighted during a meeting between NITDA’s Director General, Kashifu Inuwa, and the Executive Secretary of the Jigawa State Tsangaya Education Board, Abubakar Maje Hamisu. The Jigawa State Government plans […]

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