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Minister threatens to revoke Kogi-Benin Road contracts
News

FG warns of contract cancellation as Julius Berger raises costs

The federal government announced plans to cancel Julius Berger’s N740 billion segment of the Abuja-Kaduna highway contract due to the company’s repeated increases in the contract value, now demanding N903 billion. This decision follows nearly six years since the contract was awarded, during which parts of the highway have become challenging for travelers, raising concerns […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
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Nigeria secures $119m Swedish investment for tech hubs, MSMEs

The Nigerian government has secured approximately $119 million in investments for tech hubs and micro, small, and medium enterprises from Gluwa, a digital wallet service, and Ericsson. This was disclosed in a press release by the Senior Special Assistant to the President on Media and Communications, Stanley Nkwocha on October Thursday. The presidency noted that […]

News

FG begins nationwide distribution of free CNG tricycles

The Federal Government launched the distribution of free Compressed Natural Gas tricycles on Thursday to cooperatives nationwide. This initiative, part of the Presidential Natural Gas Initiative, was kicked off in collaboration with the Federal Ministry of Labour and Employment at the Win-Win Industrial Park near the Sagamu Interchange in Ogun State, according to The Punch. […]

News

ICYMI: Nigeria exits global aviation blacklist, hits 75% rating

Nigeria has successfully exited the Aviation Working Group watchlist after achieving a 75.5% compliance score on the Cape Town Convention Compliance Index. This development unlocks significant opportunities for the country’s aviation sector, enhancing its attractiveness for investment and fostering growth. This was disclosed in a press release signed by the Special Adviser to the Honourable […]

NERC approves N21bn for free meters to Nigerians
News

Replace phased-out meters, FG orders DisCos

The Federal Government has mandated that electricity distribution companies must replace meters that are phased out due to upgrades. This declaration was made by the Nigerian Electricity Regulatory Commission which clarified that while there is no directive to phase out Unistar meters, these meters will soon become inoperable due to technological upgrades, preventing users from […]

Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC
News

Maritime workers threaten service disruption over unpaid salaries

The Maritime Workers Union of Nigeria has issued a warning to withdraw services from ports and jetties, if the Council for the Regulation of Freight Forwarding does not address the nine-month salary arrears owed to its members. The union cautioned that failure to resolve this issue promptly could lead to an industrial crisis in the […]

News

Schneider Electric to invest $850m in Motivair acquisition

Schneider Electric has announced plans to invest $850 million to acquire Motivair, a provider of data center cooling solutions. In a statement posted on the company’s website on Thursday, Schneider outlined its intention to enhance its capabilities in the data center market, with a particular focus on liquid cooling solutions for high-performance computing. The company […]

Air Peace funds still trapped in CBN - Onyema
News

US seeks forfeiture of $14m in assets from Air Peace CEO

The United States government has filed a request with the U.S. District Court for the Northern District of Georgia to approve the forfeiture of approximately $14 million in assets belonging to the CEO of Air Peace, Allen Ifechukwu Onyema This move follows a recent superseding indictment outlining serious allegations of fraud and money laundering against […]

News

Chinese firm to invest $300m in Ogun steel plant

Inner Galaxy Steel Company Limited, a Chinese firm, is set to invest $300 million in a new steel plant in Ogun State to produce specialized steel products. Minister of Steel Development, Prince Shuaibu Audu, made this disclosure in a statement released by the ministry’s Head of Information and Public Relations Unit, Salamatu Jibaniya on Thursday […]

Google enhances NotebookLM's audio summarization features
News

Google enhances NotebookLM’s audio summarization features

Google has rolled out an update to its AI-powered note-taking and research assistant, NotebookLM, introducing new customization options for its audio summarization feature. This enhancement allows users to guide conversations toward specific topics rather than receiving generic audio summaries. Launched just last month, NotebookLM’s audio Overviews have gained traction, enabling users to easily digest lengthy […]

Apple music launches feature for artists to create concert playlists
News

Apple music launches feature for artists to create concert playlists

Apple Music announced a new feature on Thursday called “Set List,” designed to help artists engage with fans by creating playlists based on their recent concert set lists. This innovative tool allows musicians to transform their set lists from individual shows, residencies, or entire tours into shareable playlists. These playlists can be showcased on Apple […]

Federal authorities arrest man for US SEC account hack
News

Federal authorities arrest man for US SEC account hack

Federal authorities announced on Thursday the arrest of Eric Council Jr. in Alabama, accusing him of involvement in the hacking of the United States Securities and Exchange Commission X account earlier this year. According to an indictment, the hack occurred on January 9, when a false post was published claiming that the SEC had approved […]

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