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Ekiti approves ₦3bn for new high court office

  • 19th August 2026

How FG spent N15.8tn subsidy removal savings

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US tightens green card screening with new public

  • 19th August 2026

Christ Embassy enters vehicle market, unveils electric cars

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FG borrowed ₦11.9tn in 31 months, says Oyedele

Finance

States’ 2026 budgets rise 47.5% to ₦40.14tn

Finance

Gombe approves ₦148.762m monthly subvention for state university

Finance

Ekiti approves ₦3bn for new high court office complex

Business

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OpenAI mulls $500bn valuation in employee share sale talks
News

OpenAI unveils GPT-4.5 with enhanced capabilities

OpenAI announced on Thursday the release of a research preview for its latest AI model, GPT-4.5, granting access to Pro users and developers worldwide. The company, backed by Microsoft, plans to expand availability in the coming weeks. GPT-4.5 boasts improved pattern recognition, heightened emotional intelligence, and enhanced creative insights, though it does not feature advanced […]

Fintech Stripe hits $91.5bn valuation
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Fintech Stripe hits $91.5bn valuation

Stripe announced on Thursday a tender offer for employees and shareholders that values the fintech company at $91.5 billion — a 41% increase from its $65 billion valuation last year — potentially pushing back its plans for an initial public offering. The deal highlights a rebound in the global venture capital landscape, fueled by central […]

Bitcoin demand hits two-year high Argentina amid local currency crash
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Bitcoin crashes below $79k, down 25% after January high

Bitcoin’s decline intensified on Friday, with the cryptocurrency trading at $78,403, down 8.94% from the previous close. This marks a significant downturn of over 25% since reaching an all-time high of $109,241 on January 20, 2025. The sell-off is part of a broader cryptocurrency downturn, with Ether, Solana, and XRP also experiencing sharp declines. “The […]

How FG can boost Nigeria's digital growth - Analyst
News

FG to construct 7,000 telecom towers for rural connectivity

The Federal Government of Nigeria has announced plans to construct 7,000 new communication towers in rural areas to enhance telecommunications access and bridge the digital divide. This initiative, approved by the Federal Executive Council, aims to provide high-quality connectivity to underserved communities across the country. This was disclosed by the Minister of Communication, Innovation, and […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
News

Meta fires 20 employees for leaking confidential info

Meta has dismissed approximately 20 employees for leaking confidential information, a company spokesperson confirmed. “We tell employees when they join the company, and we offer periodic reminders, that it is against our policies to leak internal information, no matter the intent,” Meta spokesperson Dave Arnold told The Verge. “We recently conducted an investigation that resulted […]

News

Living wage approved for retired low-income earners – PenCom

The National Pension Commission has unveiled plans to ensure a living wage for retired low-income earners. This follows the Federal Government’s approval of a ₦758 billion bond aimed at clearing all outstanding liabilities under the Contributory Pension Scheme. This was disclosed by the Director-General of PenCom, Omolola Oloworaran, at a press conference in Abuja on […]

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Tanker drivers resume operation in Lagos

Tanker drivers have resumed fuel loading after resolving their dispute with the Lagos State Government. Several fuel tankers were seen transporting petroleum products on Wednesday and Thursday, to filling stations within and outside Lagos, according to The Punch. Recall that many filling stations ran out of stock on Monday as tanker drivers refused to lift […]

Tech giant Meta has unveiled ambitious plans to construct some of the largest artificial intelligence data centres on the planet,
Tech

Meta fixes ‘error’ after Instagram users report graphic content

Meta apologized on Thursday, stating it had fixed an “error” that caused some Instagram users to see excessive violent and graphic content in their Reels recommendations. “We have fixed an error that caused some users to see content in their Instagram Reels feed that should not have been recommended. We apologize for the mistake,” a […]

Instagram plans to launch standalone app for Reels
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Instagram plans to launch standalone app for Reels

Instagram is considering launching a separate app for its short-form video feature, Reels, as it seeks to capitalize on TikTok’s uncertain future in the U.S., according to a report by The Information on Wednesday. The move, reportedly disclosed by Instagram chief Adam Mosseri to staff this week, suggests Meta-owned Instagram is aiming to provide a […]

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FG owes GenCos, DisCos N4trn – Minister

The Minister of Power, Adebayo Adelabu, has revealed that the Federal Government owes over N4 trillion in electricity subsidies to generation and distribution companies. Adelabu made this disclosure at the ongoing public presentation of the National Integrated Electricity Policy and Nigeria Integrated Resource Plan in Abuja, on Thursday. He emphasized that this substantial debt hampers […]

Tencent launches upgraded T1 AI model, boosts China’s AI race
Tech

Tencent unveils AI model claiming faster replies than DeepSeek-R1

Chinese tech giant Tencent has unveiled a new AI model, Hunyuan Turbo S, which it claims can respond to queries in under a second. According to the statement, the performance surpasses that of the globally popular DeepSeek-R1, as well as Tencent’s previous model, Hunyuan T1, both of which require more time to generate responses. The […]

News

Caverton partners NNPC, Stena Bulk to boost Nigeria’s maritime transportation 

Caverton Offshore Support Group Plc has announced a strategic joint venture with the Nigerian National Petroleum Corporation Shipping and Swedish tanker giant Stena Bulk. This collaboration aims to transform maritime transportation in Nigeria and the broader West African region. This initiative aims to enhance the transportation of crude oil, refined products, and liquefied natural gas […]

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