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Tinubu vows expansion, fast-track of universal energy access for Nigerians

President Bola Ahmed Tinubu reaffirmed Nigeria’s commitment to achieving universal energy access by 2030, emphasizing the government’s goal of having renewable energy make up 50% of the national energy mix. He made this disclosure during his participation at the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, on Tuesday. Speaking on Nigeria’s energy […]

X to resume headlines display - Elon Musk
Tech

X partners Visa to launch in-app financial services

Elon Musk’s X (formerly Twitter) has announced a partnership with Visa as part of its plan to introduce a digital wallet for instant payments on the platform. X Chief Executive Officer, Linda Yaccarino revealed in a post that Visa will be the first partner for X Money, which is set to launch alongside the X […]

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

OpenAI launches ChatGPT Gov for US government agencies

Amid growing global competition in artificial intelligence, OpenAI has unveiled ChatGPT Gov, a specialized version of its AI-powered chatbot platform designed exclusively for U.S. government agencies. Building on the capabilities of ChatGPT Enterprise, the government-focused platform allows agencies to deploy OpenAI’s models on Microsoft Azure’s commercial or government cloud infrastructure. This setup offers enhanced control […]

Trump opens TikTok account amid pending ban deadline
News

Microsoft in talks to acquire TikTok’s US operations

United States President Donald Trump has revealed that Microsoft is in discussions to acquire TikTok’s U.S. operations, Bloomberg reports. While he did not provide specific details, Trump emphasized the widespread interest in the ByteDance-owned social media platform, noting, “There’s great interest in TikTok” and predicting “a lot of people bidding on it.” Back in 2020, […]

Zenith Bank raises staff salary by 20%
News

Zenith Bank raises staff salary by 20%

Zenith Bank has announced a 20% salary increase for its nearly 10,000 employees, effective January 2025. This move comes as part of a growing trend among Nigerian banks to raise wages in order to retain top talent amid the country’s ongoing inflationary pressures. The raise follows similar actions by GTCO, Union Bank, First Bank, and […]

News

Ministry of Interior raked in over N6bn in revenue – Minister

Dr. Olubunmi Tunji-Ojo has stated that the Ministry of Interior generated over N6 billion in revenue for 2024. This was achieved through various services provided to Nigerians, such as expatriate quotas, marriage services, citizenship applications, and the registration of places of worship. Dr. Tunji-Ojo provided a comprehensive breakdown of the N6 billion revenue generated, emphasizing […]

Nigeria needs debt relief - AfDB
News

AfDB, W’Bank pledge $40bn to Mission 300 initiative

The President of the African Development Bank, Akinwumi Adesina, has announced that the AfDB and the World Bank Group are committing $40 billion to the Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030. This was disclosed by Adesina disclosure during his opening remarks titled, “From Ideas to Action to […]

News

Rebasing GDP, CPI aligns with UN fundamental principles – NBS

The Statistician-General of the Federation and Chief Executive of the National Bureau of Statistics, Semiu Adeyemi, emphasized Nigeria’s commitment to producing reliable and accurate economic data. He stated that the ongoing rebasing of the Gross Domestic Product and Consumer Price Index by the NBS is in line with the United Nations Fundamental Principles of Official […]

News

Air Peace, Aero refund millions for cancelled flights

The Nigeria Civil Aviation Authority has reported that Air Peace and Aero Contractors refunded the airfares of thousands of passengers, totaling millions of naira, in 2024 due to cancelled and delayed flights. The regulator noted that Air Peace compensated 1,901 passengers in November 2024 for delays, cancellations, and cabin class downgrades, while Aero Contractors refunded […]

News

CBN sets January 31 deadline for FX market compliance reports

The Central Bank of Nigeria has instructed foreign exchange market participants to submit compliance reports on their adherence to the Nigeria FX Code by January 31, 2025. This directive aims to enhance ethical practices, governance, and transparency in the market. The Nigeria FX Code, effective from December 2, 2024, outlines principles of good practice to […]

Google to pay $30m to settle YouTube children’s privacy lawsuit
News

Google to shape AI policies amid regulatory scrutiny

Alphabet’s Google, facing intense regulatory scrutiny, aims to shape public perception and policies on artificial intelligence ahead of global AI regulations. A key priority, according to an executive speaking to Reuters, is developing educational programs to train the workforce on AI. A top executive told Reuters that a major focus is developing educational programs to […]