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Temu tops Apple’s US iOS App store for second year

Temu, the popular e-commerce app owned by China’s PDD Holdings, topped Apple’s list of the most downloaded free apps on the U.S. iOS store for the second consecutive year, showcasing the success of Chinese apps in the world’s largest consumer market. ByteDance’s TikTok ranked third despite concerns over its future in the U.S., while Temu […]

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Nigeria will borrow to fund N13trn 2025 budget deficit — Minister

The federal government has announced that the N13 trillion deficit in the N48 trillion 2025 budget proposal will be financed through borrowing. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun made this disclosure shared on Monday after the Federal Executive Council meeting, which was presided over by President Bola Tinubu at […]

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Nigerian Breweries appoint first female board chair

Nigerian Breweries Plc has appointed Juliet Anammah as the company’s first female board chair. This marks a step forward in Nigeria’s major capitalized companies, which are increasingly achieving gender equality in their board leadership formations. Following its December 12 board meeting, Nigerian Breweries Plc announced the appointment of Juliet Anammah as the substantive board chair, […]

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Morocco to expand airport capacity ahead of 2030 World cup

Morocco plans to increase its airport capacity to 80 million passengers by 2030, up from the current 38 million, as announced by Prime Minister Aziz Akhannouch during a parliamentary session. This initiative is part of the country’s preparations to co-host the 2030 FIFA World Cup with Spain and Portugal, and is also aimed at boosting […]

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NNPCL secures $1bn crude-backed loan for Dangote refinery – Soneye

The Nigerian National Petroleum Company Limited stated it obtained a $1 billion crude-backed loan to support the commencement of operations at the 650,000 barrels-per-day Dangote Petroleum Refinery. The company also facilitated the $3 billion Gazelle loan as a crucial measure to help stabilize the nation’s foreign exchange crisis. This was disclosed by the Chief Corporate […]

AfDB launches new country strategy to boost agriculture in Nigeria
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Nigeria, Africa need $74bn for debt servicing – AfDB

The Vice President and Chief Economist of the African Development Bank, Prof. Kevin Urama, revealed that Nigeria and other African countries need approximately $74 billion for debt servicing this year. This comes amid increasing challenges in accessing affordable liquidity, further straining the financial stability of these nations. Urama disclosed this during his opening remarks at […]

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NCAA DG’s tenure has not expired – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, has confirmed that the current acting Director-General of the Nigeria Civil Aviation Authority, Chris Najomo, will remain in office until President Bola Tinubu issues a directive otherwise. Keyamo made this disclosure in a phone conversation with our on Monday, according to The Punch. On December 13, […]

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Nigeria’s exports to ECOWAS hit N1.5trn – NBS

Nigeria’s exports to ECOWAS countries reached N1.54 trillion in the third quarter of 2024, while imports amounted to only N82 billion, as reported by the National Bureau of Statistics. The report indicated that Ivory Coast was Nigeria’s top trading partner in the ECOWAS region, importing goods valued at N662.71 billion. Togo ranked second with N574.93 […]

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FG approves N263bn for power substations devt

The Federal Executive Council has approved a funding of N262.75bn (€161.33 million) for the first phase of the Presidential Power Initiative. This phase includes the engineering, procurement, construction, and financing of 330/132 KV and 132/33 KV substations in various locations, including Onitsha, Offa, Abeokuta, Ayede, and Sokoto. This was disclosed by the The Minister of […]

EFCC arrests 792 in major fraud bust
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EFCC arrests 792 in major fraud bust

Nigeria’s Economic and Financial Crimes Commission has arrested 792 suspects during a raid on a building believed to be a hub for international fraud operations. The suspects, including 148 Chinese and 40 Filipino nationals, were detained on December 10 at the seven-story Big Leaf Building in Lagos, the country’s commercial capital, EFCC spokesperson Wilson Uwujaren […]

OpenAI rolls out ChatGPT search to all users
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OpenAI rolls out ChatGPT search to all users

OpenAI has made its AI-powered web search tool, ChatGPT Search, available to all ChatGPT users, including non-paying subscribers. Previously limited to premium users, the expanded rollout brings enhanced capabilities and accessibility to the platform. ChatGPT Search allows users to find summarized answers from multiple online sources, alongside rich media such as photos and YouTube videos. […]

Instagram launches location-sharing map to rival Snapchat
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Instagram introduces message schedule feature

Instagram has quietly launched a new feature allowing users to schedule direct messages, the Meta-owned platform confirmed on Monday. The global rollout of this capability aims to benefit creators, brands, and regular users alike. The feature allows users to schedule messages for optimal times, making it particularly useful for brands and influencers managing outreach campaigns […]