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Embrace skills, entrepreneurship, over white-collar jobs, Kwara urges

  • 23rd August 2026

FG’s IT infrastructure investment hits N3.8tn

  • 23rd August 2026

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  • 22nd August 2026

US tariffs on Canada take effect as deal

  • 22nd August 2026

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Port Harcourt refinery begins operation in Rivers
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Port Harcourt refinery contractor refuses to reveal completion date

Maire Tecnimont SpA, the contractor responsible for rehabilitating the Port Harcourt Refinery, stated it cannot disclose details about the rehabilitation process, including the proposed completion date. This information was communicated via the law firm Olajide Oyewole LLP in response to an inquiry from Senior Advocate of Nigeria, Femi Falana, regarding the timeline for the refinery’s […]

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NUPRC warns of potential gas supply crisis by 2030

The Nigerian Upstream Petroleum Regulatory Commission has raised concerns that Nigeria could experience a gas supply crisis by 2030. This warning was issued by NUPRC’s Chief Executive, Gbenga Komolafe, during the ongoing energy conference in Lagos, according to The Punch. According to Komolafe, demand for gas is projected to grow at a compound annual growth […]

Elon Musk's xAI relocates to former OpenAI HQ in San Francisco
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Elon Musk’s xAI relocates to former OpenAI HQ in San Francisco

Elon Musk’s artificial intelligence startup, xAI, has moved into the former headquarters of OpenAI. This transition highlights the area’s emerging status as a hub for top-tier AI companies. According to the San Francisco Business Times, Musk’s legal team stated in a lawsuit that he initially leased the office during his tenure at OpenAI and has […]

OpenAI mulls $500bn valuation in employee share sale talks
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OpenAI unveils ‘Canvas’ interface for writing code

OpenAI has launched a new feature for ChatGPT called “canvas,” aimed at improving user engagement with the AI model which creates a dedicated workspace alongside the standard chat window, allowing users to write and code more effectively. Within the canvas, users can generate text or code, highlight specific sections for editing, and receive real-time suggestions […]

YouTube tests two-person premium subscription in select countries
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YouTube expands shorts features to compete with TikTok

YouTube has announced a series of significant updates to its short-form video platform, YouTube Shorts, aimed at enhancing user experience and better competing with TikTok. The new features include an increase in video length to three minutes, an updated Shorts player, templates for easier content creation, and a new trends page on mobile devices. These […]

Google to revises app rules after EU charges over market abuse
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Google introduces ads in AI overviews to enhance search experience

Google announced on Thursday that it will begin displaying ads within its AI Overviews, the AI-generated summaries for select search queries. These summaries will also include links to relevant web pages, further enriching the user experience. This rollout will commence in the U.S. this week, coinciding with the introduction of AI-organized search results pages. The […]

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Nigerian oil priced $2 above active brent contract

Nigerian crude oil blends, including Brass River, Bonny Light, and Qua Iboe, are approaching $80 per barrel, currently trading slightly above $77, which is over $2 higher than the active Brent contract. The recent conflict involving Iran-backed militias and Israel has shifted market dynamics, prompting concerns that could disrupt crude oil flows from the Middle […]

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New withholding tax regime effective January 1, 2025 – FIRS

The Federal Inland Revenue Service has informed taxpayers that the newly gazetted withholding tax regime will take effect from January 1, 2025. In a notice signed by FIRS Executive Chairman Zacch Adedeji, the agency confirmed that the current withholding tax regime, as outlined in the Company Income Tax regulation, will remain in force until December […]

FG plans major fiber-optic cable expansion across Nigeria
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Nigeria to launch $1.5m initiative to boost AI development

Nigeria’s Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, announced plans for a new $1.5 million initiative aimed at advancing artificial intelligence in the country. The announcement was made during an interview with Arise TV following his participation in the recent United Nations General Assembly. The initiative, supported by Luminate, a global foundation […]

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Chowdeck surpasses N30bn in deliveries for 2024 – CEO

Chowdeck, Nigeria’s rapidly growing food delivery platform, has announced it has surpassed N30 billion in total deliveries for 2024. This milestone underscores the platform’s swift expansion and increasing influence in Nigeria’s food service industry. In a statement shared via his X account, the Chief Executive Officer and co-founder, Femi Aluko highlighted the company’s significant growth, […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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FG partners W’bank to launch $750m electricity project

The Rural Electrification Agency has announced the initiation of a new rural electricity project next month, financed by the World Bank with a budget of $750 million. This initiative aims to provide electricity to 17.5 million Nigerians. This was disclosed by the the Managing Director of the REA, Engr. Abba Abubakar during an interview on […]

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Nigeria, UAE visa situation to normalise soon – Keyamo

The Minister of Aviation and Aerospace Development, Festus Keyamo, announced that the situation regarding UAE visas for Nigerians is expected to normalize soon, indicating progress in resolving the ongoing travel restrictions. Keyamo made this disclosure on Wednesday during a ceremony celebrating the resumption of Emirates Airlines’ passenger flights to Nigeria, following the suspension of operations […]

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