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FG backs revival of Kolmani oil field exploration

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FG urged to back local auto assemblers on CNG

The Managing Director of Lanre Shittu Motors, Taiwo Shittu has called on President Bola Tinubu to provide support for indigenous auto assembling companies in a bid to advance the production of compressed natural gas powered vehicles. This appeal was made during a media briefing in Lagos, where Shittu outlined the company’s plans to introduce locally […]

Biden moves to blacklist Huawei chips in US
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Huawei, REA partners to develop solar PV facility in Nigeria

Huawei Technologies has announced a partnership with Nigeria’s Rural Electrification Agency to establish a solar photovoltaic facility in Nigeria. This development was revealed in a statement from the Presidency during President Bola Tinubu’s participation in the ongoing China-Africa summit. The announcement came following President Tinubu’s visit to Huawei’s research center, where the company also unveiled […]

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Huawei pledges support for Nigeria’s digital transformation programs

Huawei Technologies has committed to advancing Nigeria’s 3MTT program and the National Apprenticeship and Training Scheme as part of its support for the country’s digital transformation goals. The company’s DigiTruck initiative is set to complement these programs, enhancing digital literacy and talent development across Nigeria. The commitment was announced during President Bola Ahmed Tinubu’s visit […]

Telcos to receive $1bn network equipment in July — Minister
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FG awards N200m in grants to 55 researchers, innovators—Bosun Tijani

The Federal Government has awarded N200 million in grants to 55 Nigerian researchers and innovators through two tech programs, the Nigeria Artificial Intelligence Research Scheme and the Fourth Industrial Revolution Technology Application (4IRTA). This was disclosed by the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, in a recent post on X (formerly […]

Snap unveils new lens studio tools for AR creators
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Snap updates business focus amid poor stock performance

Snap plans to prioritize the expansion and diversification of its underperforming advertising business, with a particular focus on augmented reality, CEO Evan Spiegel told employees in a note on Tuesday. The announcement comes during a difficult period for Snap, as it faces stiff competition from major social media platforms like Meta’s Instagram and Bytedance’s TikTok, […]

No link between mobile phones and brain cancer - WHO
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No link between mobile phones and brain cancer – WHO

A new review commissioned by the World Health Organization has found no evidence linking mobile phone use to an increased risk of brain cancer. The comprehensive review, published on Tuesday, analyzed global studies and concluded that despite the sharp rise in wireless technology usage, there has been no corresponding increase in brain cancer cases. The […]

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Panel starts probe into illegal private jet charters Thursday

The ministerial task force investigating alleged illegal private commercial activities of charters is set to commence its probe on Thursday. This was disclosed by the Vice Chairman of the task force, adding that the investigation will start with a series of interviews, according to The Punch. He said, “We are inviting them in from next […]

FAAN diverts two Kano-bound aircraft to Lagos over runway light outage
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Over 20 airport offenders caught daily – FAAN

The Director of Aviation Security Services at the Federal Airports Authority of Nigeria  Afegbai Igbafe, has reported a daily breach of airport security, with 20 to 30 individuals intruding through perimeter fences. This situation has led to increased patrols by security personnel and collaborative efforts with military forces to enhance security. This was disclosed by […]

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Cabin crew pivotal to aviation safety – NCAA

The Nigeria Civil Aviation Authority has underscored the critical importance of cabin safety, training, and professionalism within the aviation sector. Acting Director-General, Chris Najomo made this disclosure at the NCAA’s annual cabin safety workshop held recently in Lagos, according to The Punch. The workshop, titled “Culture, Attitude and Cabin Safety,” brought together airline operators and […]

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Dangote refinery, others crucial to Nigeria’s fuel supply crisis – Onanuga

The Special Adviser to the President on Media and Strategy, Bayo Onanuga has stated that the Dangote refinery, along with other domestic refineries, could play a pivotal role in addressing Nigeria’s ongoing fuel supply crisis. This was disclosed by Onanuga via his official X account on Tuesday. Onanuga’s statement comes in response to recent criticisms […]

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Nigeria becomes third-largest borrower from World Bank’s IDA

Nigeria has become the third-largest debtor to the World Bank’s International Development Association as of June 30, 2024. This significant development underscores a major shift in the nation’s financial dynamics under President Bola Tinubu’s administration. The latest financial statements from the World Bank reveal that Nigeria’s debt to the IDA has surged by 14.4%, increasing […]

Artificial Intelligence to impact oil prices, Goldman Sachs predicts
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Artificial Intelligence to impact oil prices, Goldman Sachs predicts

Artificial intelligence could influence oil prices over the next decade by increasing supply through cost reductions and enhancing resource recovery, according to a report by Goldman Sachs on Tuesday. While AI’s impact on energy has primarily focused on increasing power demand, its potential to lower oil prices could affect the income of oil-producing nations, particularly […]

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