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NNPC raises alarm over Nigeria’s growing energy skills

  • 21st August 2026

CBN calls for wider adoption of digital payment

  • 21st August 2026

EFCC charges two over alleged unlawful supply of

  • 20th August 2026

FG urges banks, fintechs to bridge $14.8bn gender

  • 20th August 2026

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NNPC raises alarm over Nigeria’s growing energy skills shortage

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CBN calls for wider adoption of digital payment channels

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Nigeria produced 236m barrels of crude in H1 – NUPRC

Nigeria produced a total of 236,229,281 barrels of crude oil in the first half of 2024, according to The Punch. The nation produced 44.2 million barrels of petroleum in January and 38.3 million barrels in February, According to data obtained from the Nigerian Upstream Petroleum Regulatory Commission. Also, 38.1 million barrels were produced in March, […]

Nigeria to phase out diesel, embrace hybrid energy — Shettima
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FG to integrate 30m unbanked Nigerians into financial system – Shettima

The Nigerian Vice President, Kashim Shettima, has said that the federal government is committed to integrating the approximately 30 million unbanked Nigerians into the official financial system. This was disclosed in a statement signed by the Senior Special Assistant to the President on Media & Communications, Stanley Nkwocha on Thursday. The VP stated this during […]

Chinese hackers hack US Commerce chief's emails
Crypto

Hackers steal $235m from top Indian exchange WazirX

Cryptocurrency hackers have stolen $235 million worth of bitcoin assets from WazirX, the top cryptocurrency exchange in India, following a breach in the exchange’s wallet security. Blockchain security company Cyvers Alerts discovered the crime and shared the information on X after attempting to notify the WazirX team. The sum that has been moved was mentioned […]

Meta to acquire stake in Ray-Ban smart glass partner
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Meta to acquire stake in Ray-Ban smart glass partner

Meta is reportedly in negotiations to acquire a stake of approximately 5% in EssilorLuxottica, its partner in producing Ray-Ban smart glasses, according to sources familiar with the matter as reported by the Wall Street Journal on Thursday. Based on EssilorLuxottica’s current market value of 86.50 billion euros, the potential stake could amount to about 4.33 […]

OpenAI raises $6.6bn, valuation soars to $157bn
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OpenAI launches cost effective GPT-4o mini

OpenAI, the creator of ChatGPT, announced on Thursday the launch of GPT-4o mini, a smaller and more cost-effective AI model aimed at broadening its customer base by reducing costs and energy consumption. Backed by Microsoft, OpenAI is a leading player in the AI software sector, striving to enhance affordability and speed for developers building applications […]

Economy News

CBN approves $20,000 to each BDC at N1,450/$1 

The Central Bank of Nigeria has declared that it has approved the sales of foreign exchange to qualified Bureau De Change to meet the demand for invisible transactions. This was disclosed in a circular signed by the Acting Director of Trade and Exchange, A.A. Mahdi stating that the sum of $20,000 is to be sold […]

Nigeria’s non-oil exports rise to $1.79bn in Q1 2025 – NEPC
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Customs duties exchange rates passes official market rate

The Nigeria Customs Service has raised the exchange rate for collecting customs by N3, surpassing the official Naira closing rate during the NAFEM window . The customs exchange rate website reveals that the FX rate for collecting duties is N1584/$, however FMDQ data indicates that the naira closed at N1581 to the US dollar on July […]

BLord Group denies arrest of CEO by police
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BLord Group denies arrest of CEO by police

BLord Group has refuted reports of its CEO, Linus Williams Ifejika’s arrest by Nigerian police on charges of cybercrime and terrorism. In a statement released by the group, they clarified that their CEO was invited to assist in an ongoing investigation by the FCID N.P.F-NCCC/CyberCrime Centre, rather than being arrested. “Contrary to the unfounded claims […]

Nokia reports 32% drop in profits
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Nokia reports 32% drop in profits

Nokia has reported a 32% decline in second-quarter operating profit, attributing it to sluggish demand for 5G telecom equipment. The Finnish telecommunications group’s profit, excluding certain charges and asset revaluations to maintain comparability with last year’s figures, dropped to 423 million euros ($462.38 million) from 619 million euros in the same quarter a year ago. […]

Economy News

CBN persists higher interest rates if inflation persist – Cardoso

The Governor of the Central Bank of Nigeria Yemi Cardoso, has stated that sustained inflation could lengthen the duration of monetary tightening measures and impede the country’s capacity for growth. He said this at the foreword inaugural edition of the CBN’s Macroeconomic Outlook for Nigeria, recently released by the apex bank, according Nairametric. Based on […]

Piggyvest, Flutterwave, others make CNBC top 250 fintech companies
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Piggyvest, Flutterwave, others make CNBC top 250 fintech companies

Nigerian startups have made a mark on the global fintech landscape, with seven companies—Flutterwave, Piggyvest, Kuda, MTN, Bank Zero, Palmpay, and Yoco—earning top spots on the 2024 roster of the top 250 fintech companies worldwide, as identified by Statista and CNBC. Statista, renowned for its comprehensive market data, collaborated once again with CNBC, an American […]

News

Solid minerals stakeholders demands 10% benefit for host communities

Solid minerals industry stakeholders have demanded that 10% of benefits be paid to host communities as part of efforts to create an atmosphere that would guarantee miners and indigenous peoples live in harmony. These demands were tabled for deliberations on Wednesday at the public hearing of repeal and enactment of a bill titled, “Nigeria Mineral […]

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