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Nigeria lacks capacity to investigate building collapses – COREN

The Council for the Regulation of Engineering has voiced concerns about the frequent collapses of buildings in Nigeria, stating that the nation cannot investigate such incidents. This was disclosed by the President of COREN, Professor Sadiq Abubakar during a press briefing in Abuja recently, according to The Punch. Abubakar said that while building collapses are […]

Aviation News

Foreign exchange, high inflation cause of high airfares – Operators 

Local airlines have blamed the nation’s high inflation and volatile foreign exchange rates for the high cost of airfares. The Chief Operating Officer of United Nigeria Airlines, Osita Okonkwo said the nation’s current economic problems are hurting the aviation industry, according to The Punch. “It is an economic issue. We have little naira chasing forex, […]

Banks offload final $1.2bn debt From Musk’s Twitter buyout
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X to introduce feature blocking links in replies

In a move aimed at curbing spam and unauthorized promotions, X, formerly Twitter, is developing a feature that allows users to disable links in replies to their posts. Nima Owji, an app researcher known for uncovering upcoming X features, revealed details about the feature through a recent discovery. According to Owji, users will soon have […]

Microsoft plans for collaboration with AI agents
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Global outage affected 8.5m Windows devices – Microsoft

A widespread outage triggered by a faulty update from cybersecurity provider CrowdStrike on Friday impacted approximately 8.5 million Windows devices, Microsoft revealed in a blog post. The update, intended to enhance sensor configurations against cyber threats, inadvertently caused a critical system error known as the blue screen of death, disrupting operations across hospitals, airlines, banks, […]

Lagos ban articulated trucks on Lekki-Epe expressway
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Lagos ban articulated trucks on Lekki-Epe expressway

The Lagos State Government has announced a ban on articulated trucks using the Lekki-Epe corridor during peak hours, effective August in a bid to ease traffic congestion and enhance road safety. This directive will coincide with the launch of the electronic call-up system aimed at regulating truck movement in the area. Mr. Oluwaseun Osiyemi, Lagos […]

Nigeria's external reserves rise to $36.89bn — CBN gov
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Nigeria’s external reserves rise to $36.89bn — CBN gov

Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria, announced that Nigeria’s external reserves have surged to $36.89 billion as of July 16, 2024. He made this declaration during a session with the Senate Committee on Banking, Insurance, and Other Financial Institutions in Abuja on Friday, highlighting the effectiveness of CBN’s monetary policies […]

Bitcoin drops to $60,000 amid escalating Iran-Israel tensions
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Bitcoin surges to $66,000 amid global IT outage

In a dramatic recovery, Bitcoin has bounced back from weeks of persistent selling pressure, skyrocketing to $66,000 from a low of $53,500 on July 5. This resurgence comes at a time when major institutions worldwide grapple with a significant Information Technology downtime affecting Microsoft’s cloud computing services. Despite the global IT outage wreaking havoc across […]

Complete NIN-SIM linkage to avoid disconnection, 9Mobile warns customers
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9mobile denies involvement in Teleology’s N55b debt

Telecommunications giant, 9mobile, has stated that it has nothing to do with the N55 billion debt that its minority shareholder, Teleology Limited, owes Keystone Bank.Teleology Limited, as it was not a party to the case in court, since it was not a party to the court case. The disclaimer was released by the company on […]

News

UC RUSAL injects $500m to revive Aluminium Smelter Company

UC RUSAL, the management of the Aluminium Smelter Company of Nigeria (ALSCON), has announced plans to inject $500 million to revive the smelter company in Ikot Abasi Local Government Area of Akwa Ibom State. This was disclosed by ALSCON Chairman, Alexey Arnautov, during a visit with the company’s management to President Bola Tinubu at the […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
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FG launches strategy for Africa’s digital trade transformation

The Federal Government of Nigeria unveiled a comprehensive plan on Friday to drive the continent’s digital trade revolution aligning with the African Continental Free Trade Agreement framework. This was disclosed by the Vice President, Kassim Shettima while delivering a keynote address during a stakeholders summit with the theme “Digital Trade in Africa: The Renewed Hope […]

News

FG shuts illegal hold mine site in Kogi

The Federal Government has shut down an illicit gold mine location in Kogi State’s Yagba East Local Government Area. The Minister of Solid Minerals Development, Dr Dele Alake, stated that the action was taken as part of the Federal Government’s resolve to stop illicit mining and reposition the industry to raise Nigeria’s status internationally. This […]

Maritime News

Shippers plan partnership with industry players to address challenges 

The Shippers Association of Lagos State has promised to partner with important industry players to address the issues confronting the shipping sector. The newly elected president of the association, Fehintola Mulikat, made this disclosure on Friday, according to The Punch. Mulikat voiced her displeasure with the various difficulties plaguing the port and shipping industries. “We […]