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Court hands death sentences to 2018 Kwara bank robbery suspects

Justice Haleemah Salman of the Kwara State High Court has convicted five suspects in the Offa robbery case for illegal possession of firearms, armed robbery, and culpable homicide, adding that these offenses are punishable by death. The verdict comes six years after the April 2018 incident, which involved multiple bank robberies and resulted in several […]

has presented its 2024 Regulatory Impact Assessment, a comprehensive review aimed at overhauling existing telecom regulations
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Brain drain: NCC urges improved working conditions for telecom workers

The Nigerian Communications Commission has called on telecom operators in the country to implement flexible work policies, improve remuneration, and cultivate a culture of innovation to create an attractive environment for talent retention. The Executive Vice Chairman of the NCC, Dr. Aminu Maida made this appeal in light of the increasing exodus of skilled professionals […]

FG loses N335m to oil spillage - Report
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FG partners firm to develop satellite-based oil spill tracker

The Federal Government, through the National Oil Spill Detection and Response Agency has partnered with the Stakeholder Democracy Network to develop a satellite-based methane tracker aimed at addressing oil spills in Nigeria. This was disclosed by the Team Lead for SDN, Adam Heal during a visit to NOSDRA’s headquarters in Abuja on Wednesday, according to […]

EXXONMOBIL-REFINERY
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FG backs ExxonMobil’s $10bn Investment in offshore oil operations 

The Federal Government has expressed its support for ExxonMobil’s announcement of a $10 billion investment in Nigeria’s deep-water offshore oil operations This was disclosed in a statement by Nigeria’s Vice President, Kashim Shettima, during a meeting with ExxonMobil executives at the ongoing 79th Session of the United Nations General Assembly in New York, United States. […]

FG deducts N256.5bn for gas projects in six months
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FG proposes naira-only payments for NIMASA, NPA services

The federal government is proposing that the Nigerian Maritime Administration and Safety Agency and the Nigerian Port Authority begin collecting charges, fees, fines, and other payments in Naira instead of foreign currencies. The Special Adviser to the President on Information and Strategy, Bayo Onanuga disclosed this initiative during a briefing at the State House in […]

Active Nigerian bank accounts hit 151 million - NIBSS
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63.1 million Nigerians enrolled for BVN in five years – NIBSS

The number of Nigerians enrolled in the Bank Verification Number system has surged by 38 percent over the past five years, reaching 63.1 million as of September 2024. This increase reflects the growing importance of the BVN system in enhancing financial inclusion and security within the banking sector. This is contained in data from the […]

Banking News

Wema Bank bags new certification

Wema Bank has been honoured as the best workplace for millennials and for fostering a culture of innovation, according to a statement released on Thursday. This recognition comes as part of the bank’s achievement in being certified as a Great Place to Work for 2024-2025, marking its second consecutive year of receiving this prestigious certification, […]

FG spends 74% of revenue on debt in Q1 2024
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CBN okays forex sales to BDCs at N1,590/$

The Central Bank of Nigeria has announced it will sell $20,000 in foreign exchange to eligible Bureau De Change operators nationwide. This was disclosed by the apex bank in a statement signed by the Acting Director of Trade and Exchange Department, Dr W. J Kanya, on Wednesday. The CBN stated that the sale of $20,000 […]

Seven African inventors you should know
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Seven African inventors you should know

In recent years, African inventors have developed groundbreaking solutions addressing some of the continent’s most pressing challenges. Their innovations have not only transformed local communities but have also gained international recognition, demonstrating Africa’s ingenuity on the global stage. 1. Ludwick Marishane (South Africa) invented the DryBath, a gel designed to remove odor and bacteria without […]

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Meta AI has almost 500m monthly users – Zuckerberg

Meta CEO Mark Zuckerberg announced that Meta AI has reached “almost” 500 million monthly active users, positioning it as one of the most widely used AI assistants globally. Zuckerberg emphasized the potential for further growth during Meta Connect 2024 on Wednesday, noting that Meta AI has yet to launch in several major markets, including the […]

FG signs €995m deal to boost Nigerian agriculture sector
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Agriculture accounts for 30.1% of total workforce – NBS  

Nigeria’s agriculture sector continues to be the largest employer, engaging over 25 million people—about 30.1% of the total workforce—in agriculture, forestry, and fishing in 2023. This highlights the sector’s critical role in the economy and its significance in providing livelihoods for a substantial portion of the population. According to the National Bureau of Statistics, despite […]

Meta unveils updates to Ray-Ban smart glasses
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Meta unveils updates to Ray-Ban smart glasses

Meta CEO Mark Zuckerberg at the Meta Connect 2024 on Wednesday, announced updates to the company’s Ray-Ban Meta smart glasses, reinforcing Meta’s vision of making smart glasses the next essential consumer device. The upcoming enhancements include advanced AI capabilities and features familiar to smartphone users, set to roll out later this year. Among the new […]