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

  • 23rd August 2026

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Crypto Market sheds $130bn amid Trump tariff
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ICYMI: Nigeria’s cryptocurrency transactions hit $59bn

Nigeria has established itself as a global leader in cryptocurrency adoption, trading approximately $59 billion as it rank second overall in the Chainalysis Global Adoption Index. Between July 2023 and June 2024, the country traded about $59 billion in cryptocurrency. Notably, about 85% of transfers received in Nigeria are for amounts less than $1 million, […]

CBN sells $10,000 to BDCs at N1,101/$
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Naira falls 8.25% to N1,669.15 in I&E window

The naira experienced a significant depreciation against the US dollar on Tuesday, closing at N1,669.15 in the official Investor and Exporter window. This represents an 8.25% decline from the previous closing rate of N1,541 recorded on the last trading day of September. The decline highlights ongoing challenges in Nigeria’s foreign exchange market as economic pressures […]

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Local refineries produced 1.46bn litres of petrol – NBS

Nigeria produced only 1.46 billion litres of petrol, from 2015 to 2019, primarily due to low refining capacity from inactive refineries, according to the National Bureau of Statistics. This information was revealed in its recently released 2023 Petroleum Products Distribution Statistics. Findings shows that the 1.46 billion litres produced during this period was insufficient to […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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World Bank partners Nigeria to develop maritime sector

The World Bank Group has expressed its interest in partnering with Nigeria’s Ministry of Marine and Blue Economy to enhance the country’s maritime sector. This was disclosed in a statement by an aide to the Minister of Marine and Blue Economy, Ismail Omipdan on Wednesday stating the move was in line with the vision of […]

OpenAI raises $6.6bn, valuation soars to $157bn
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OpenAI raises $6.6bn, valuation soars to $157bn

OpenAI, the creator of ChatGPT, has successfully secured $6.6 billion in funding, potentially valuing the company at $157 billion and solidifying its status as one of the world’s most valuable private firms. This latest funding round attracted returning venture capital investors such as Thrive Capital and Khosla Ventures, along with significant backing from Microsoft and […]

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Oando becomes Nigeria’s first local IOC with $4bn valuation

Oando Plc’s operations in the São Tomé and Príncipe Exclusive Economic Zone mark a significant milestone, establishing it as Nigeria’s first indigenous International Oil Company. This achievement reflects the dedication and vision of its team, particularly the Chief Executives Officer, Mr. Wale Tinubu, who has been instrumental in navigating the complexities of the oil and […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
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Bitcoin drops to $60,000 amid escalating Iran-Israel tensions

Bitcoin, the leading cryptocurrency, fell sharply to $60,000 yesterday in response to intense missile strikes by Iran on Israel. Reports indicated that Iran launched over 400 missiles into Israeli territory, marking a significant escalation in ongoing regional tensions. This attack was reportedly in retaliation for Israel’s earlier actions against key militant leaders and recent assaults […]

US senators demand Meta probe over chatbot child safety concerns
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Meta to make Facebook creators earn money easily

Meta is streamlining its three monetization programs for Facebook to simplify the process for creators looking to earn on the platform. Previously, creators could monetize their content through in-stream ads, ads on Reels, and performance bonuses, each with distinct eligibility criteria and sign-up procedures. The new Facebook Content Monetization program aims to consolidate these options, […]

Italy streamlines temporary work visa for foreigners
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Italy streamlines temporary work visa for foreigners

In response to a growing shortage of skilled workers, the Italian government is taking significant steps to simplify the application process for foreigners seeking temporary work visas. The plan includes increasing the number of days each year when applications can be submitted, referred to as “Click Days,” to better align with employer needs. Recent reports […]

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Meta partners UK banks to combat scams

Meta, the parent company of Facebook, announced on Wednesday that it is collaborating with two major banks in the U.K. to establish an information-sharing arrangement aimed at protecting consumers from fraud. The company said it is expanding its Fraud Intelligence Reciprocal Exchange to allow U.K. banks to directly share information with Meta, enhancing its ability […]

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