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Minister threatens to revoke Kogi-Benin Road contracts
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FG allocates over N29bn in September for infrastructure development

The Federal Government disbursed over N29 billion in September aimed at enhancing road networks and improving water resources, as facilitated by the Federal Ministry of Works. This information was sourced from GovSpend, a platform tracking government expenditures developed by the accountability firm BudgIT. Notably, N5.88 billion was allocated to Reinforced Global Resources Ltd. for the […]

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Lagos poultry association demands diversification to ensure food security

The Poultry Association of Nigeria, Lagos State has urged for diversification and efficiency measures to address ongoing challenges in the poultry sector that threaten food security and sustainability. The PANLAG chairman Mojeed Iyiola, during a conference held on Wednesday in Lagos, themed “Poultry Association of Nigeria, Lagos State on the Pathway to Food Security and […]

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FAAC deducts N622.75m over 15 months for anchor borrowers

The Federation Allocation Accounts Committee has deducted a total of N622.75 million over the past 15 months to repay loans disbursed to farmers under the Anchor Borrowers Programme. The CBN established the Anchor Borrowers Programme in November 2015 to foster economic linkages between smallholder farmers and anchor companies, according to The Punch. This initiative aims […]

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NNPCL mulls 3mbpd crude oil production

The Nigerian National Petroleum Company Limited has expressed confidence in its ability to boost crude oil production from 1.7 million barrels per day to three million. This was disclosed by the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, during a stakeholders’ engagement session with journalists covering the National Assembly on Saturday, according to The […]

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Presidential committee test tax harmonisation reform in FCT

The Presidential Fiscal Policy and Tax Reform Committee has unveiled plans to initiate tax harmonization in Nigeria, starting with the Federal Capital Territory as a pilot. This effort aims to streamline tax systems, reduce administrative burdens, and enhance revenue collection. By testing these reforms in the FCT, the committee hopes to identify effective strategies that […]

Hacker breaches TeleMessage, exposes data linked to US officials
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British man nabbed for ‘sophisticated’ hacking, insider trading

A British man, Robert Westbrook, 39, of London, has been arrested and charged by U.S. authorities for allegedly hacking into the computers of five companies to obtain sensitive earnings information. He reportedly made $3.75 million in illegal profits by trading on this insider information before the results were publicly released. The U.S. Department of Justice […]

Apple to pledge $100bn to US manufacturing
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Apple withdraws from OpenAI funding round

Apple has exited negotiations to participate in an OpenAI funding round expected to raise approximately $6.5 billion, according to a report from the Wall Street Journal on Friday. The tech giant recently stepped away from discussions for the funding round, which is set to close next week, as cited by a source familiar with the […]

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The founder of Binance, Changpeng Zhao has been released after serving a four-month sentence in a California correctional facility. He faced charges related to regulatory breaches, specifically for failing to enforce anti-money laundering protocols at his exchange. Known as “CZ,” the 47-year-old returned to the US from Dubai earlier this year to address these legal […]

Emirates to resume Nigerian flights Sept 11
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Nigeria, UAE agree on reciprocal flight rights

Nigeria’s federal government and the United Arab Emirates have reached an agreement on reciprocal flight rights, paving the way for Emirates Airlines to resume its Dubai-Lagos flight service on Tuesday, October 1, 2024. This development also opens the door for Nigerian carrier Air Peace to reinstate its operations to the UAE, following its previous service […]

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Bi-Courtney joins global initiatives for a cleaner environment

Bi-Courtney Aviation Services Limited, the management team behind Murtala Muhammed Airport Terminal 2, has announced its participation in World Cleanup Day. In a recent statement, the company emphasized its commitment to environmental sustainability, highlighting its intention to collaborate with communities worldwide in the initiative aimed at reducing litter and promoting a cleaner, healthier planet, according […]

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FG to boost CNG infrastructure, slash transport fare by 40%

The Federal Government of Nigeria has announced plans to enhance compressed natural gas infrastructure and reduce transportation fares by over 40%. This initiative was formalized during a Memorandum of Understanding signing ceremony in Abuja, which included key stakeholders such as representatives from the National Union of Road Transport Workers from Itakpe, Adavi, and Ajaokuta train […]

UK regulator investigates MoneyGram's data breach
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UK regulator investigates MoneyGram’s data breach

The UK’s data protection authority is investigating MoneyGram following a report of a data breach from the U.S.-based money transfer company. The Information Commissioner’s Office confirmed to TechCrunch on Friday that it had received a breach report from MoneyGram, which is required to notify authorities of data incidents within 72 hours of discovery. “We have […]