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  • 8th May 2025

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  • 7th May 2025
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  • 7th May 2025

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UAE commits to $25bn Nigeria-Morocco gas pipeline project

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Tinubu’s ministers ignore TikTok, LinkedIn despite massive following – Report 

A new report reveals a stark digital divide between Nigeria’s cabinet ministers and the country’s rapidly growing online population, with most ministers neglecting key social media platforms like TikTok and LinkedIn despite a collective following of 17 million across major networks. The Nigerian Cabinet Social Media Report 2025, released by UK-based digital strategy firm Column, […]

Uncategorized

CBN posts N38.8b profit in 2024, erasing 2023’s N1.15tn loss  

The Central Bank of Nigeria has published its 2024 audited financial statements, reporting a profit after tax of N38.8 billion, marking a strong recovery from the N1.15 trillion loss recorded in 2023. The turnaround was primarily driven by significant growth in interest income and other operating income, especially a sharp increase in net unrealized foreign […]

News

Court rejects motion to ban CBN’s eNaira trademark use

The Federal High Court in Abuja, on Friday, dismissed an interim motion by eNaira Payment Solutions Limited seeking to restrain the Central Bank of Nigeria from using the “eNaira” trademark. Justice James Omotosho ruled on the motion on notice, declining to grant the restraining order against the CBN and other parties. The case concerns alleged […]

Nigerians worse off than in 1960, says AfDB President Adesina
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Nigerians worse off than in 1960, says AfDB President Adesina

The President of the African Development Bank, Dr. Akinwumi Adesina, has raised alarm over Nigeria’s worsening economic conditions, warning that the country is experiencing a deeper regression than many realise. Speaking at the 20th anniversary dinner of investment firm Chapel Hill Denham in Lagos, Adesina revealed that Nigeria’s current GDP per capita stands at $824—less […]

Trump to slash US tariffs on China 'substantially'
News

Trump vows to revoke Harvard’s tax-exempt status amid ongoing feud

United States President, Donald Trump, announced on Friday that his administration will revoke Harvard University’s tax-exempt status, intensifying his ongoing conflict with the Ivy League institution. “They deserve it!” Trump declared in a brief post on Truth Social, signaling a potential escalation in the legal confrontation. Trump has attempted to pressure universities by threatening to […]

TikTok removes more Universal Music songs as conflict worsens
Tech

Ireland slaps TikTok €530m over data transfers to China

TikTok has been fined €530 million ($601.3 million) by Ireland’s privacy regulator for breaching the EU’s GDPR law by transferring user data to China. The Irish Data Protection Commission, which oversees TikTok’s privacy practices in the EU, announced the fine on Friday, citing violations related to the handling of European user data. The regulator has […]

Spain hits Apple, Amazon with €194m antitrust fine
Tech

Apple approves Spotify update under new rules allowing in-apps purchases

Spotify announced on Friday that Apple has approved its United States app update, enabling users to access pricing details, purchase links, and a broader range of payment options directly within the app. The approval follows a U.S. federal judge’s ruling on Wednesday, which mandated that Apple cease charging commissions on purchases made through web links […]

Dangote names Lekki refinery road after Wigwe
Business

Trump’s tariffs no threat to urea exports, says Dangote

Aliko Dangote, president of the Dangote Group, expressed optimism Thursday about the impact of U.S. President Donald Trump’s tariffs on the company’s urea exports, citing a competitive advantage over rivals. Speaking to reporters, Dangote noted that Algeria, a key competitor, faces steeper duties, potentially boosting Dangote’s market share in the U.S. The Nigerian conglomerate, a […]

Business

Fidelity Bank’s gross earnings soar by 64.2% to ₦315.4b 

Fidelity Bank Plc reported gross earnings of ₦315.4 billion for the first quarter ended March 31, 2025, marking a 64.2% increase from ₦192.1 billion recorded in the same period in 2024. According to its unaudited financial statements submitted to the Nigerian Exchange Limited, the strong performance was driven by substantial growth in interest income, foreign […]

News

RMAFC unveils plan for digital dashboard to track govt revenues

The Revenue Mobilisation Allocation and Fiscal Commission has proposed the creation of a National Revenue Dashboard to connect with all government revenue-generating agencies. According to RMAFC, the dashboard aims to enable real-time digital tracking of revenue inflows, improving transparency and enhancing fiscal management across the country. It also called for a framework that will enable […]

Oil and Gas

Shell exceeds analyst expectations with Q1 adjusted profit of $5.58b

British oil major Shell reported a first-quarter adjusted profit of $5.58 billion on Friday, exceeding analyst expectations of $5.09 billion, as per an LSEG consensus, and a company-provided forecast of $4.96 billion. The robust performance, though down more than 25% from the same period last year, prompted Shell to sustain its share buyback program at […]

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