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ARCON advocates strict regulation enforcement for online adverts

The Director-General of the Advertising Regulatory Council of Nigeria, Dr. Olalekan Fadolapo, has called for increased surveillance and enforcement of advertising regulations in the digital space. Speaking at the All Gaming Stakeholders Conference organized by the National Lottery Regulatory Commission in Lagos on Monday, Fadolapo expressed concerns over unethical practices in the digital advertising sector. […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
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Bitcoin hits new all-time high, reaches $82,171

Bitcoin surged to a new high on Monday, climbing 3.6% to $82,171, following Donald Trump’s election win. This increase came just after the cryptocurrency surpassed $80,000 on Sunday, marking a new milestone, according to CNBC. Other cryptocurrencies saw gains as well, with ether rising 1.7% to around $3,202, having already topped $3,000 over the weekend. […]

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FG to spend N5.4tn subsidy savings on projects

The Federal Government has announced that an estimated N5.4 trillion in savings from the 2024 subsidy removal will be allocated towards infrastructure and social intervention programs. These initiatives are aimed at benefiting all tiers of government and improving the quality of life for Nigerians. The Special Adviser to the President on Information and Strategy, Mr. […]

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FG sets up committee to audit gas project MoUs

Thee Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has inaugurated a committee to audit agreements and Memorandums of Understanding related to Accelerated Gas Development Projects. This initiative is aimed at preventing a recurrence of the nation’s negative experience in the P&ID case, which stemmed from one such agreement. The committee, […]

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Lekki deep sea port crucial to Lagos trade – Sanwo-Olu

Lagos State Governor, Babajide Sanwo-Olu, has described the Lekki Deep Sea Port as a key part of his administration’s plan to make Lagos the leading commercial hub in West Africa. At the closing ceremony of the 2024 Lagos International Trade Fair, Sanwo-Olu emphasized the state’s determination to take full advantage of the African Continental Free […]

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NIMASA to share helicopter crash details with IMO

The Nigerian Maritime Administration and Safety Agency has announced that it will share its findings regarding the recent helicopter crash into the Atlantic Ocean, near Bonny Finima in Rivers State, with the International Maritime Organisation. The Director-General of NIMASA, Dr. Dayo Mobereola, confirmed this in a statement issued by the agency’s Head of Public Relations, […]

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Experts advocate securitisation of N41tn nation assets

The Chief Executive Officer of Economic Associates, Dr Ayo Teriba, alongside other economists, has advocated for the securitisation of Nigeria’s N41 trillion assets as a means to boost financial resources for the Federal Government. Securitisation involves pooling assets and converting them into interest-bearing securities, which are sold to investors, thereby generating funds for the government. […]

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LCCI urged FIRS to adopt tech for improved operations

The Lagos Chamber of Commerce and Industry has called on the Federal Inland Revenue Service to enhance its adoption of technology to improve its operations. Speaking at the FIRS Special Day during the Lagos International Trade Fair, on the weekend, themed “Connecting Businesses, Creating Value,” LCCI President Gabriel Idahosa emphasized the importance of targeted outreach, […]

Why petrol daily consumption reduced by 33.58% - NMDPRA
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Petrol landing cost falls to N971/litre – Report

The cost of landing Premium Motor Spirit, or petrol, in Nigeria has dropped by 20.34% over the past three months, now standing at N971.57 per litre. This reduction reflects a decline in global market prices and improved supply chain conditions. However, despite this decrease in landing costs, the retail price of petrol in Nigeria has […]

Europe’s largest asset manager warns against US stablecoin boom
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Bitcoin hits $80,000 as crypto traders react to Trump victory

Cryptocurrencies continued their rally on Sunday, with Bitcoin reaching $80,000 for the first time. The price of Bitcoin rose by 4.5%, reaching $79,800.19, according to Coin Metrics. Ether increased by 3%, surpassing $3,000 on Saturday, and was last priced at $3,203.10. Smaller coins experienced even larger gains as investors responded to the potential implications of […]

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FG plans data bank to boost transport sector

The Federal Government has announced plans to create a national data bank aimed at improving efficiency and decision-making within Nigeria’s transportation sector. This was disclosed by the Chairman of the Governing Council of the Chartered Institute of Transport Administration, Dr. Segun Obayendo, during a press conference ahead of the 6th National Transport Conference in Abuja. […]

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FG signs agreement for new aircraft maintenance facility

The Federal Government, through the Ministry of Aviation and Aerospace Development, has entered into a Public-Private Partnership with a private firm to establish a Maintenance, Repair, and Overhaul facility for aircraft. A representative of the Ministry, who requested to remain anonymous due to a lack of authorization to speak publicly on the matter, shared details […]