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

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FG’s IT infrastructure investment hits N3.8tn

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Manufacturers struggle as raw material imports surge 160.9% in Q2

The value of raw materials imported into Nigeria surged by 160.9% year-on-year in the second quarter of 2024 (Q2’24), despite manufacturers’ efforts at backward integration aimed at reducing production costs, particularly those associated with foreign exchange for raw materials. The depreciation of the naira, coupled with foreign exchange scarcity and inflationary pressures, has significantly increased […]

News

FG secures $600,000 relief fund from Gates foundation

The Nigerian government has secured a $600,000 relief fund along with commitments from the Bill and Melinda Gates Foundation. This announcement came during a meeting between Vice President Kashim Shettima and the head of the Global Development Programme at the foundation, Dr. Christopher Elias on the sidelines of the 79th United Nations General Assembly in […]

Elon Musk denounces French X probe as politically motivated
Tech

Musk’s X seeks Brazilian comeback amid misinformation feud

Alex Omenye In a significant reversal, Elon Musk’s X has informed Brazil’s Supreme Court that it has complied with orders to curb the spread of misinformation and requested the lifting of the platform’s ban. Musk had resisted compliance for over five months, criticizing the orders as “censorship” and clashing with a judge in one of […]

News

ECOWAS launches $380m electrification initiative for Nigerian schools, others

The Economic Community of West African States Commission has unveiled a significant initiative to invest $380 million aimed at electrifying public schools and health centers across 18 countries, including Nigeria, Benin, and Chad. This ambitious project seeks to tackle the persistent electricity access challenges faced by over 208 million people in the region, with a […]

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Petrol landing cost drops from N1,130 to N981/litre

The Major Energies Marketers Association of Nigeria has reported a decrease in the landing cost of Premium Motor Spirit to N981 per litre, down from approximately N1,130 in previous weeks. This decline, noted as of September 25, 2024, is attributed to a recent drop in global crude oil prices, according to The Punch. Crude oil […]

90% of Nigeria's tax revenue comes from nine sources – Wale Edun
News

FG disburses N24.78bn to 991,261 households via cash transfer program

The Federal Government has allocated N24.78 billion through the National Cash Transfer program to assist 991,261 impoverished households in Nigeria. This initiative, managed by the National Social Investment Programme Agency, has reached beneficiaries across all 36 states and the Federal Capital Territory, according to the statement on Thursday. NSIPA National Coordinator and CEO, Badamasi Lawal […]

Mark Zuckerberg mocked for phrase on shirt at Meta Connect event
News

Mark Zuckerberg mocked for phrase on shirt at Meta Connect event

Mark Zuckerberg faced playful ridicule for his outfit choice at the Meta Connect 2024 event, where he appeared in a baggy black T-shirt emblazoned with the phrase “AUT ZUCK AUT NIHIL.” This phrase is a twist on the Latin saying “Aut Caesar, Aut Nihil,” meaning “Either a Caesar or nothing.” During his keynote speech, the […]

How banks sent 'charming' ladies to lure my interest — Otedola
Banking

Otedola raises stake in First Bank to 13.15%

The chairman and majority shareholder of First Bank of Nigeria Holdings, Femi Otedola has raised his stake in the company to 13.15 per cent. This strategic move underscores Otedola’s confidence in FBN Holdings’ potential for growth and development within the banking sector. This was disclosed in a statement signed by the Acting Secretary, FBNH, Adewale […]

News

Dangote refinery: Reps move to break NNPCL’s fuel lifting monopoly

The House of Representatives has referred a motion advocating for other petroleum marketers to directly lift premium motor spirit from the Dangote Refinery to a joint national assembly ad hoc committee. This move aims to explore the implications of enhancing market access for petroleum marketers and improving competition in the sector The motion was raised […]

News

NMRC secures $228m for affordable mortgage financing

The Nigeria Mortgage Refinance Company Plc has secured $228 million in affordable mortgage financing aimed at supporting vulnerable earners and borrowers. This was disclosed in statement by NMRC on Thursday via its X account. The funding is part of a partnership with the United States International Development Finance Corporation and was facilitated by MiDA Advisors […]

90% of Nigeria's tax revenue comes from nine sources – Wale Edun
News

How Nigeria can stop importing food – Wale Edun

Nigeria is poised to significantly reduce its reliance on food imports, as announced by Minister of Finance and Coordinating Minister of the Economy, Wale Edun. He outlined an ambitious strategy aimed at enhancing domestic agricultural production and improving food security. Edun made this disclosure at a press conference in Abuja on Thursday, marking Nigeria’s 64th […]

News

OpenAI moves to remove non-profit control, give Sam Altman equity  

A governance changes are taking place behind the scenes at OpenAI, one of the most influential AI firms, Reuters reported. The restructuring process, still in development with input from lawyers and shareholders, has no set completion timeline, leaving uncertainty about when these changes will be finalized. This internal restructuring coincides with a series of leadership […]

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