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US tariffs on Canada take effect as deal

  • 22nd August 2026

Tinubu orders arrest of fake agency promoter, suspends

  • 21st August 2026

FBI asks US court to keep Tinubu-related records

  • 21st August 2026

US recognises Nigerian-American fintech entrepreneur George Azih

  • 21st August 2026

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US tariffs on Canada take effect as deal collapse

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Tinubu orders arrest of fake agency promoter, suspends three

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TikTok to pay $400m to settle US children’s privacy

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Walmart to accept Apple Pay, Google Pay at US

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Intel CEO Pat Gelsinger retires, company appoints interim Co-CEOs
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Intel CEO Pat Gelsinger retires, company appoints interim Co-CEOs

Intel has announced the retirement of CEO Pat Gelsinger, effective December 1, 2024. Gelsinger has stepped down from his role as CEO and also resigned from the company’s board of directors. In the wake of his departure, Intel executives David Zinsner, the company’s Chief Financial Officer, and Michelle Johnston Holthaus, General Manager of the Client […]

OpenAI employees consider selling $6bn stock
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OpenAI considers ads on ChatGPT

OpenAI is reportedly exploring the possibility of incorporating advertisements into its business model, Financial Times reported. CFO Sarah Friar confirmed that the company is considering the idea of introducing ads but emphasized that any such move would be approached cautiously, ensuring that ads are integrated thoughtfully and carefully in terms of timing and placement. However, […]

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DMO unveils FGN bonds offer for December

The Federal Government has opened subscriptions for the December 2024 issuance of the FGN Savings Bonds through the Debt Management Office. The FGN Savings Bonds initiative, designed to foster national investment, invites both individual and institutional investors to subscribe from December 2 to December 6, 2024. The December 2024 FGN Savings Bond offers two options: […]

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Creditors tells FG to repay ₦12bn loan borrowed by civil servants

The Humanity Development and Empowerment Organisation has called on the federal government to repay the ₦12 billion borrowed by civil servants. In a statement in Abuja over the weekend, the outgoing national president of HDEO, also known as the Lenders Association, Osita Nebolisa, said the government had deducted the loans from workers but had failed […]

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Nigeria’s eurobond sale to see strong demand – RMB

Nigeria has returned to the eurobond market for the first time in over two years to address its fiscal deficit. An analyst at Rand Merchant Bank expects Nigeria’s eurobond issuance to attract strong demand, likely due to the attractive yields and renewed investor interest in African markets, according to Bloomberg. The country is issuing $500 […]

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US sanctions disrupt Iran-China oil trade

The United States has expanded sanctions on tankers transporting Iranian crude, disrupting the flow of oil to China, Iran’s largest customer. The transport of Iranian crude to China generally involves two stages: first, sanctioned or Iranian-owned tankers load oil at Iranian terminals and travel to a midway point in Southeast Asia, often near Malaysia, where […]

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CBN to retire 1,000, offers N50bn for severance pay

The Central Bank of Nigeria is set to retire around 1,000 of its employees by the end of the year, according to sources within the bank. The retirement process is expected to cost the CBN over N50 billion in severance pay to the affected workers, according to Daily Trust. The CBN, under the leadership of […]

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Sweden to hit highest bankruptcy level since 1990s – Report

Swedish bankruptcy levels are projected to surpass 10,000 this year. This figure has not been seen since the 1990s financial crisis, which spread from the banking sector to the wider economy, according to Creditsafe i Sverige AB. “So far this year, 9,197 limited companies have gone bankrupt, an increase of 24% compared to the same […]

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FG to unveil national youth unemployment benefits scheme

The federal government is preparing to launch a groundbreaking National Youth Unemployment Benefits Scheme to address Nigeria’s persistent unemployment crisis. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this disclosure during his opening remarks at the Media Activation/Townhall Meeting on the government’s loan scheme in Lagos over the weekend. In […]

NITDA to develop blockchain "Nigerium" for data Security
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NITDA, JICA partner to train 185 startups, 37 innovation hubs

The National Information Technology Development Agency, in partnership with the Japan International Cooperation Agency, has launched the iHatch Cohort 4 programme to enhance Nigeria’s startup ecosystem. The initiative will provide tailored training, mentorship, and investment readiness support to 185 startups and 37 innovation hubs across the country. Running from October 2024 to January 2025, the […]

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P’Harcourt refinery remains operational – Facility MD

The Managing Director of the Port Harcourt Refining Company, Ibrahim Onoja, has rejected claims that production at the refinery was halted after its inauguration last week. Onoja clarified that the refinery remains operational following the flag-off event by the Group CEO of the Nigerian National Petroleum Company Limited, Mele Kyari. At the inauguration, Kyari emphasized […]

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CBN to launch new website today

The Central Bank of Nigeria has officially launched its redesigned website today, December 2, 2024. In a statement signed on Sunday, by the acting Director of Corporate Communications, Sidi Ali, the bank said the new website will become operational today. “The bank has developed a contemporary Web API that operates on Microsoft .NET Core 8 […]

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