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FG urges banks, fintechs to bridge $14.8bn gender

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

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NERC unveils panel to review, improve national grid operations

The Nigerian Electricity Regulatory Commission has inaugurated the Grid Code Review Panel to enhance the efficiency and technical operations of Nigeria’s power sector. According to the statement, the panel is tasked with reviewing and updating the grid code, which sets the technical standards for connecting to and operating within the national grid. While inaugurating the […]

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Local refineries key to lower fuel prices, reduced importation – Minister

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has emphasized that increasing local refining capacity will help lower fuel prices and reduce Nigeria’s reliance on imported petroleum products. Lokpobiri reaffirmed the Federal Government’s commitment to optimizing the downstream sector to strengthen the country’s energy security. He made this disclosure while receiving the Chief […]

Geregu Power Plc raises final dividend to N8.50/share
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Geregu Power Plc raises final dividend to N8.50/share

Geregu Power Plc has declared a final dividend of N8.50 per ordinary share for the financial year ending December 31, 2024, marking an increase from the N8.00 per share paid in the previous year. The announcement was disclosed in a corporate action notice received by Nairametrics. According to the statement, shareholders listed in the company’s […]

Anthropic CEO warns of AI espionage threat from China
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Anthropic CEO warns of AI espionage threat from China

Anthropic CEO Dario Amodei has raised alarms over potential industrial espionage targeting America’s leading artificial intelligence companies and urged the U.S. government to take action. Speaking at a Council on Foreign Relations event on Monday, Amodei expressed concerns that foreign spies — likely from China — are attempting to steal high-value AI technology. He described […]

Access Bank nears final stages of National Bank of Kenya acquisition
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Access Bank nears final stages of National Bank of Kenya acquisition

Nigeria’s Access Bank is in the final stages of completing its acquisition of the National Bank of Kenya from KCB Group, Kenya’s largest bank, five months after the deal was initially expected to close. The acquisition marks a significant step in Access Bank’s strategy to expand its footprint across Africa, boosting its presence in Kenya […]

Aviation

FG to review air service agreement with Jamaica

The Federal Government is reviewing its Bilateral Air Service Agreement with Jamaica to establish a direct flight route between both countries. This was disclosed in a statement by the media aide to the Minister of Aviation and Aerospace Development, Festus Keyamo, Tunde Moshood, on Wednesday. Moshood referenced a meeting between the Jamaican Ambassador to Nigeria, […]

News

FG reaffirms commitment to CVFF disbursement

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has reaffirmed President Bola Tinubu’s commitment to disbursing the Cabotage Vessel Financing Fund This was stated in a release on Monday by the Head of Public Relations at the Nigerian Maritime Administration and Safety Agency, Osagie Edward. According to the statement, the decision […]

Nigerian National Petroleum Corporation Limited logo
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Nigeria’s oil reforms attracted $17bn in investments – NNPCL

The Nigerian National Petroleum Company Limited has announced that reforms in the oil and gas sector, driven by the Petroleum Industry Act 2021 and executive orders from President Bola Tinubu, attracted approximately $17 billion in foreign investment in 2024. The Executive Vice President of Upstream, Udy Ntia, disclosed this during an investor session at the […]

Google's DeepMind launches AI for robot control
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Google’s DeepMind launches AI for robot control

Google’s AI research division, DeepMind, has introduced a new set of artificial intelligence models, dubbed Gemini Robotics, designed to help robots interact with objects, navigate environments, and carry out practical tasks. In a series of demonstration videos released on Wednesday, robots powered by Gemini Robotics were shown performing actions like folding paper and placing glasses […]

Lagos' GDP hits $159bn, becomes Africa's second-largest city economy
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Lagos’ GDP hits $159bn, becomes Africa’s second-largest city economy

Lagos State has solidified its status as one of Africa’s leading economic powerhouses, with its Gross Domestic Product reaching an impressive $259 billion based on purchasing power parity. This achievement positions Lagos as the continent’s second-largest city economy, following Cairo, Egypt. The announcement was made during the official launch of the Lagos Economic Development Update […]

Oil and Gas

Global oil prices rise 2% on tighter US supplies

Global oil prices rose 2 per cent on Wednesday as U.S. government data revealed tighter-than-expected oil and fuel inventories. However, concerns over a potential United States economic slowdown and the impact of tariffs on global growth kept investors cautious. Brent futures climbed $1.33  (1.9 per cent) to $70.89 per barrel, while U.S. West Texas Intermediate […]

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