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FG borrowed ₦11.9tn in 31 months, says Oyedele

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Ekiti approves ₦3bn for new high court office complex

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Power generation reaches 5,543MW as govt unveils new plans

The Federal Government has announced plans to move most electricity consumers in Nigeria to Band A, ensuring a minimum of 20 hours of power supply daily. This comes as the Transmission Company of Nigeria reported a new peak power generation of 5,543.20 megawatts, marking a significant milestone in the nation’s power sector. This milestone was […]

Microsoft plans for collaboration with AI agents
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Microsoft unveils Majorana 1, its first quantum computing chip

Microsoft has unveiled Majorana 1 on Wednesday, its inaugural quantum computing chip, marking a significant milestone after nearly two decades of research. Technologists thinks quantum computers process information using qubits, which can exist in multiple states simultaneously, unlike classical bits that are either 0 or 1, according to CNBC. This ability, combined with entanglement, allows […]

OpenAI is facing ongoing capacity challenges following the launch of its viral image generation feature last week, as a result, the company has temporarily disabled
Tech

Apple launches affordable iPhone 16e with AI-powered performance

Apple has officially announced the iPhone 16e on Wednesday, a new addition to its lineup that offers advanced features at a more accessible price point. Priced at $599, the iPhone 16e will be available for pre-order starting Friday, February 21, with general availability beginning later this month. The iPhone 16e features a sleek design without […]

Kuda relaunches cross-border remittance with multi-currency wallet
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Kuda sued over gender discrimination, wrongful termination in UK

A former executive of Kuda Technologies Limited has filed a lawsuit in the United Kingdom, alleging gender discrimination, a toxic work culture, and wrongful termination. Rosemary Hewat, who previously served as the fintech company’s Group Chief People Officer, claims in court documents that Kuda and its CEO, Babatunde Ogundeyi, fostered a workplace environment that marginalized […]

HP acquires Humane’s assets for $116m, AI pin sales discontinued
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HP acquires Humane’s assets for $116m, AI pin sales discontinued

Tech startup Humane announced on Tuesday that HP has acquired most of its assets for $116 million. As part of the acquisition, Humane is immediately discontinuing sales of its $499 AI Pin, a wearable device that was intended to function as a smartphone replacement. Customers who have already purchased the AI Pin have been notified […]

Ex-OpenAI CTO Mira Murati launches AI startup
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Ex-OpenAI CTO Mira Murati launches AI startup

Mira Murati, the former Chief Technology Officer of OpenAI, has launched a new artificial intelligence startup, Thinking Machines Lab. The company, unveiled on Tuesday, comprises a team of approximately 30 leading researchers and engineers from major AI competitors, including OpenAI, Meta, and Mistral. Thinking Machines Lab aims to build AI systems that encode human values […]

Upgrade of transportation infrastructure would boost trade - Analysts
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NRC committed to making rail transport top choice

The Managing Director of the Nigerian Railway Corporation, Kayode Opeifa, has reaffirmed the corporation’s commitment to making rail transport the preferred mobility option in Nigeria. He stated that efforts are underway to enhance passenger experience by increasing the number of coaches and improving train frequency. Opeifa welcomed reggae artist John Odafe Asimoh, popularly known as […]

Nigeria Exchange in decline two weeks in a row
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FG lists ₦368.3bn bond, raises market offerings on NGX

The Federal Government of Nigeria has listed a ₦368.3 billion bond on the Nigerian Exchange Limited, accompanied by ₦234 billion in supplementary bond issues. This development was announced in a notice filed on the Exchange by the Head of the Issuer Regulation Department, Obioma Oge, on Tuesday. The newly listed bond, 22.60% FGN JAN 2035, […]

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iPhone components maker considers supply chain shift to India

Murata Manufacturing Co., IPhone components maker is considering expanding production in India as part of a broader supply chain shift toward the country. Murata President, Norio Nakajima stated that the company is evaluating investment options to meet rising demand. “We’ve been making our newest capacitors mostly in Japan, but customers are asking us to manufacture […]

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Banks must stock ATMs with cash – CBN

The Central Bank of Nigeria has directed banks to ensure that customers have access to cash at Automated Teller Machines as the new ATM transaction fees take effect on March 1. This was disclosed by the Acting Director of the Financial Policy and Regulation Department, John Onoja, during an interview on Arise TV on Tuesday. […]

News

Federal roads need alternative funding for maintenance – Minister

Minister of State for Works, Muhammad Bello Goronyo, has emphasized the need for alternative funding for Nigeria’s 35,000km federal road network, as budgetary allocations remain insufficient. This comes despite the approval of N926.2 billion for road projects and N64.88 billion for maintenance in the 2025 budget. This was disclosed by Goronyo during a visit to […]

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