Blog

AfCFTA: Intra-Africa exports to surpass $1trn by 2035 - Standard Chartered
featured

FG to maximise benefits of AfCFTA for Nigerian businesses

The Federal Government has stated that it will ensure that Nigerian Nigerian companies take full advantage of the African Continental Free Trade Area. This was disclosed by President Bola Tinubu on Tuesday while speaking at the launching ceremony of the Guided Trade Initiative under the African Continental Free Trade Area in Lagos, according to The […]

News

Illegal cash outflows cost Nigeria, Africa $50bn annually – Shippers’ Council

The Nigerian Shippers’ Council has said that illicit cash outflows cost Nigeria and other African countries $50 billion annually. This was revealed by the Executive Secretary/Chief Executive Officer of the NSC, Pius Akutah in Lagos recently during a debate competition organised by some members of the National Youth Service Corps in collaboration with industrial trainees […]

News

FG considers N10 sugar tax suspension

The federal government is currently considering a temporary suspension of the N10 tax on Sweetened Sugar Beverages (SSBs) to stabilise the economy. This was disclosed by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun during a meeting with the members of the National Action on Sugar Reduction (NASR) according to […]

News

Tinubu appoints Walson-Jack as head of service

President Bola Tinubu has appointed Mrs. Didi Esther Walson-Jack, OON, as Head of the Civil Service of the Federation, effective, August 14, 2024 This was disclosed by the Special Adviser to the President, Ajuri Ngelale via his Facebook page on Wednesday. She will replace Dr. Folasade Yemi-Esan, CFR, who retires on August 13, 2024. The […]

News

USA, Saudi Arabia ink deal for joint space exploration, research

The U.S. and Saudi Arabia committed to work together on civilian space research and exploration to improve collaboration between the allies, NASA and the State Department said in a Tuesday statement, according to CNBC. A framework agreement for collaboration in fields such as Earth science, education, and aeronautics was signed by the two nations. The […]

News

UAE denies billing Nigerian visa applicants N640k

The United Arab Emirates has debunked the claims of approving $10,000 bank balance, and N640k fee requirements for Nigerians applying for visas into the country, according to The Cable. The Minister of Information and National Orientation, Mohammed Idris, declared on Monday, that the UAE authorities agreed to lift the travel ban imposed on Nigerians. Idris […]

TotalEnergies sells Nigerian onshore oil asset to Mauritian company
News

TotalEnergies sells Nigerian onshore oil asset to Mauritian company

TotalEnergies has disclosed that it has sold its participation stake in three additional licenses primarily generating gas, which presently contributes 40% of Nigeria’s LNG production, to a Mauritian company. Despite the divestment, TotalEnergies will retain ownership of the production share, ensuring access to associated infrastructure and pipelines essential for supplying gas to the Nigeria LNG […]

Microsoft brings OpenAI's free GPT-oss-20b model to Windows
News

Microsoft launches AI-Powered Designer app on iOS, Android

Microsoft announced on Wednesday the official launch of its AI-powered Designer app, moving it out of preview to become accessible to all users on iOS and Android. Similar to Canva, this app allows users to generate images and designs using text prompts, enabling creations such as stickers, greeting cards, invitations, collages, and more. Designer is […]

FG deducts N256.5bn for gas projects in six months
News

Tinubu proposes N6.2tn rise in 2024 budget

President Bola Tinubu in a letter to the written to the Senate asked for a rise in the 2024 appropriation act by N6.2 trillion, from N28.7 trillion to N34.9 trillion. Tinubu’s letter was read aloud by Senate President Godswill Akpabio on the upper legislative house floor on Wednesday, according to Nairametrics. In the letter, Tinubu […]

Trump escalates trade war with 200% tariff on European alcohol
News

Donald Trump expresses support for TikTok amid ban threats

Republican presidential candidate Donald Trump expressed his support for TikTok amidst looming threats of a potential ban if Chinese parent company ByteDance fails to divest its U.S. assets for the short video app. In an interview with Bloomberg BusinessWeek posted Tuesday, Trump emphasized the importance of competition, stating, “I’m for TikTok because you need competition. […]

Software provider GitLab considers sale
News

Software provider GitLab considers sale

Leading U.S. provider of cloud-based software development tools, GitLab, is reportedly considering a sale following interest from potential acquirers, according to sources familiar with the matter. The company, valued at approximately $8 billion, has engaged investment bankers to explore a sale process that has attracted attention from peers such as cloud monitoring firm Datadog, the […]