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

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Nigeria not among heavily indebted developing nations – Yusuf Tuggar

The Minister of Foreign Affairs, Yusuf Tuggar, has said that Nigeria’s debt-to-GDP ratio suggests the country is not one of the most heavily indebted developing nations. Tuggar disclosed this during an interview with Channels TV on Sunday. Tuggar discussed the outcomes of Nigeria’s participation in the 79th session of the United Nations General Assembly (UNGA […]

BVN enrollment hits 63.4m amid regulatory push
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BVN enrollment hits 63.4m amid regulatory push

The number of Bank Verification Number enrollments by bank account holders in Nigeria has seen a notable increase, reaching 63.4 million as of September 2024. This growth was recently disclosed by the Nigeria Inter-Bank Settlement System, which tracks BVN data across the financial sector. Compared to the 62.7 million registered in July 2024, this figure […]

ByteDance sues ex-intern $1.1m over alleged AI sabotage
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ByteDance sources AI chips from Huawei amid US export ban

TikTok’s parent company, ByteDance, is shifting its AI chip sourcing to domestic supplier Huawei Technologies, as U.S. export restrictions push the Chinese tech giant to seek alternatives for advanced hardware. ByteDance plans to develop a new AI model using Huawei’s Ascend 910B chips, Reuters reported. The move comes after the U.S. began restricting the export […]

Spotify launches 'Concerts Near You' playlist for event discovery
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Spotify restores service after brief outage

Audio streaming platform Spotify on Sunday, experienced a significant outage that lasted approximately three hours, impacting over 40,000 users in the United States at its peak, according to Downdetector.com. The service, which monitors outages using various sources such as user reports, indicated that by 3 p.m. ET (1900 GMT), fewer than 600 users were still […]

BOI extends RAPID funding application deadline for MSMEs
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How Nigeria can hit $1tn economy – BOI

The Bank of Industry has stressed the importance of enhancing Nigeria’s production capacity to reach a one trillion-dollar economy by 2026. The bank believes that boosting manufacturing and production capabilities is essential for driving economic growth and competitiveness in the global market. This initiative aims to create jobs, attract investment, and improve overall economic stability. […]

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FG’s debt to CBN increases by over N11tn

The Central Bank of Nigeria announced that credit to the Federal Government rose by N11.33 trillion, or 57.11%, reaching N31.15 trillion in August, up from N19.83 trillion in July. The latest Money and Credit Statistics from the CBN revealed a trend of fluctuating borrowing by the three tiers of government from commercial lenders in recent […]

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Consumers oppose minister’s claim of 20-hour daily power supply

Electricity Consumer Protection Advocacy Centre has voiced strong opposition to the Ministry of Power’s assertion that over 40 percent of Nigerians now receive up to 20 hours of daily electricity supply. The advocacy group argues that this claim does not reflect the reality faced by many consumers across the country, according to The Punch. The […]

Dangote Refinery loses N32.5bn after petrol price cut
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Naira-for-crude deal starts Tuesday – Tinubu panel

The Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency announced on Sunday that the Nigerian National Petroleum Company Limited will begin supplying crude oil in naira to the Dangote Petroleum Refinery on Tuesday, October 1, 2024. This development marks a significant step in localizing crude oil transactions, aiming to enhance the refinery’s […]

Dangote Refinery loses N32.5bn after petrol price cut
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Dangote to transport refined products by sea — Official

The Dangote Group announced plans to transport refined petroleum products by sea. This was disclosed in a statement on Sunday by the by the Senior Adviser to the Group President, Fatima Wali-Abdurrahman, according to The Punch. She noted the construction of a jetty in the Lekki Free Zone to facilitate bulk cargo handling during the […]

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40% of Nigerians now enjoy 20 hours of daily electricity – Minister 

The Minister of Power, Adebayo Adelabu, has announced that more than 40% of Nigerians are now enjoying over 20 hours of electricity daily, highlighting notable progress in the country’s power supply and efforts to improve electricity access. Adelabu made this disclosure on Sunday while detailing a review of the Ministry of Power’s activities over the […]

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Lokpobiri reveals Wike’s pivotal role in his appointment as minister

The Minister of State for Petroleum Resources, Heineken Lokpobiri has shared insights into the role played by the Minister of Federal Capital Territory, Nyesom Wike, in his appointment, highlighting Wike’s support as pivotal in securing his position. Lokpobiri made this disclosure on Saturday at an event organised in honour of Wike by the Ijaw Peoples […]

Failed banks liquidation delayed over ex-staff owed salaries, others - NDIC
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NDIC adopts NIBSS for payments to Heritage Bank insured depositors

The Nigeria Deposit Insurance Corporation has announced the adoption of the Nigeria Inter-Bank Settlement System for processing payments to insured depositors of the defunct Heritage Bank. This decision comes in response to identified limitations within the Remita payment platform, which hindered efficient disbursement. This was disclosed by the Deputy Director of the NDIC at the […]

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