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FG borrowed ₦11.9tn in 31 months, says Oyedele

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Dangote’s net worth hits $24bn after refinery’s operations

The Chairman of the Dangote Group, Aliko Dangote has seen his net worth rise to $23.9 billion, positioning him as the 86th richest person globally, according to Forbes. This significant increase is largely attributed to his 92.3% stake in Dangote Petroleum Refinery & Petrochemicals. According to Forbes on Tuesday, Dangote has seen his net worth […]

Transcorp top gainers chart as NGX closes at 78,020.54 points
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Equity market loses N166bn as Inflation falls

The Nigerian Stock Exchange experienced a sharp decline on Tuesday, with investors losing N166 billion in market value. This followed the announcement by the National Bureau of Statistics that Nigeria’s inflation rate dropped to 24.48% in January 2025, down from 34.80% in December 2024, as a result of the rebasing of the Consumer Price Index. […]

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NERC imposes ₦300,000 fine for prepaid meter bypass

The Nigerian Electricity Regulatory Commission has stated that electricity consumers who bypass their prepaid meters will face fines of up to ₦300,000. This measure aims to curb electricity theft and ensure fair billing. This was stated in an amended Order on Unauthorised Access, Meter Tampering, and Bypass released on Tuesday. The fines range from ₦100,000 […]

X to display ads on Grok’s AI responses
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Elon Musk’s xAI unveils Grok-3 in intensifying AI battle

Elon Musk’s artificial intelligence startup, xAI, has launched Grok-3, the latest version of its chatbot, as it seeks to challenge leading AI firms, including China’s DeepSeek, Microsoft-backed OpenAI, and Google parent Alphabet. The debut of Grok-3 comes at a pivotal moment in the AI race, just days after DeepSeek released its powerful open-source model. Musk […]

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Nigeria’s inflation falls to 24.48% in January 2025

Nigeria’s headline inflation rate decreased to 24.48% year-on-year in January 2025, following the rebasing of the Consumer Price Index by the National Bureau of Statistics. Channels Television reported that the Statistician-General of the Federation, Adeyemi Adeniran, announced the rebased inflation figures during a press briefing in Abuja on Tuesday. According to the latest NBS report, […]

How 74 contractors bid for AMAC street light maintenance contract
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Over 20,000 communities still lack access to electricity – REA

The Rural Electrification Agency has launched a 550kWp solar hybrid mini-grid in Bakin Ciyawa and Kwande communities, Qua’an Pan LGA, Plateau State, to power 3,500 households, adding that Meanwhile, the agency also revealed that at least 20,000 communities nationwide still lack access to electricity. The Managing Director of the Rural Electrification Agency, Abba Aliyu, disclosed […]

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CBN eyes closer Nigeria-Middle East economic ties

The Governor of the Central Bank of Nigeria, Olayemi Cardoso has stressed the need for closer economic ties between Nigeria and the Middle East, focusing on collaboration in infrastructure, tourism, and the development of the financial sector. This was disclosed in a statement issued by the bank on Monday. During the inaugural Conference on Emerging […]

Airtel Nigeria to Build West Africa’s largest data centre to rival MTN
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Airtel increases data, call tariffs following NCC approval

Alex Omenye Airtel Nigeria has announced an upward revision of its data and voice tariffs, aligning with the Nigerian Communications Commission’srecent approval of a 50% increase. The new pricing structure, implemented just a week after MTN Nigeria introduced a similar adjustment, marks a significant shift in the country’s telecommunications landscape. Under the revised rates, Airtel’s […]

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NNPCL wraps up recruitment process, to issue appointment letters

The Nigerian National Petroleum Company Limited announced the completion of its recruitment exercise initiated last year. In a Monday announcement, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, stated that appointment letters would be issued to successful candidates. He stated that the recruitment exercise was conducted with utmost fairness, transparency, and rigor, describing it as one […]

EU rules out fee for tech giants under digital markets act
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EU explores hydropower generation project in Plateau

The European Union announced on Monday that it is exploring the possibility of establishing a hydropower generation site at Asso Falls in Plateau State. This was revealed by the Head of Green and Digital Economy, Inga Stefanowicz, at the EU Delegation to the state to assess the Asso falls. The hydropower project, expected to generate […]

Maggots forces Delta flight to make a U-turn
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17 injured as US plane crashes on landing at airport

A Delta Air Lines regional jet crashed while landing at Toronto Pearson International Airport, Canada on Monday, injuring at least 15 people, officials said. All 80 people on board, including 76 passengers and four crew members, were evacuated after the CRJ-900 regional jet crashed at Toronto Pearson International Airport around 2:45 p.m. ET, the the […]

New York Times expands AI use in newsroom
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New York Times expands AI use in newsroom

The New York Times is moving forward with artificial intelligence integration in its newsroom, approving AI tools for editorial and product teams. The company is introducing AI training for journalists and has launched an internal AI tool, Echo, designed to summarize articles and briefings, according to Semafor. In a message to staff, the Times outlined […]

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