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Ekiti approves ₦3bn for new high court office

  • 19th August 2026

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Christ Embassy enters vehicle market, unveils electric cars

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FG borrowed ₦11.9tn in 31 months, says Oyedele

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Ekiti approves ₦3bn for new high court office complex

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Huggies diaper maker to announce closure of Ikorodu production facility

The renowned manufacturer of Huggies diapers and Kotex sanitary pads, Kimberly-Clark is set to announce the imminent shutdown of its production facility in Ikorodu, Lagos State. This move comes just two years after the company invested $100 million to restart operations in Nigeria. The decision to close the plant follows a period of suboptimal production, […]

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Pinterest expands creator fund to include founders

Pinterest on Wednesday announced the evolution of its Creator Inclusion Fund, now rebranded as the Pinterest Inclusion Fund. In collaboration with Shopify’s Build Black and Build Native programs, this expanded initiative will allow small business owners from underrepresented backgrounds to apply for support. Previously, the fund was accessible only to traditional content creators. This new […]

Oil and Gas

NNPC launches major CNG plant in Lagos

The Federal Government has launched a Compressed Natural Gas plant with a capacity of 5.2 million standard cubic feet per day (mmscfd) in Lagos, as part of its ongoing efforts to offer alternative fuel sources for Nigerians and mitigate the impact of petrol subsidy removal. The Minister of State for Petroleum Resources (Gas), Rt. Hon. […]

Instagram expands 'Limits' tool to protect teens from harassment
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Instagram expands ‘Limits’ tool to protect teens from harassment

In an effort to combat harassment, Instagram announced on Thursday an expansion of its “Limits” tool specifically designed for teenagers. This tool allows teens to restrict unwanted interactions with people on the platform. When activated, teens will only see comments, messages, story replies, tags, and mentions from their “Close Friends” group, with interactions from other […]

NDPC raises data protection license fee to N2m
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NDPC raises data protection license fee to N2m

The Nigeria Data Protection Commission has increased the license fee for Data Protection Compliance Organizations from N50,000 to N2 million. The aim is to ensure that only serious and committed organizations apply for the license. This announcement was made by the National Commissioner of the Commission, Dr. Vincent Olatunji, during a meeting with licensed DPCOs […]

US announces $176m in aid for Nigeria, others
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US announces $176m in aid for Nigeria, others

The United States government has committed an additional $176 million in humanitarian aid to West African countries, including Nigeria. This announcement was made in a press release from the United States Agency for International Development on Tuesday, May 28, 2024. USAID highlighted that this financial aid is in response to the worsening security situation in […]

Tarrif hike: DisCos sweat as manufacturers insist on old rates
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Tarrif hike: DisCos sweat as manufacturers insist on old rates

Power distribution companies in Nigeria are facing billions in collection losses as manufacturers refuse to pay the newly approved tariff rates, opting instead to continue with the old rates. The Manufacturers Association of Nigeria has directed its members to maintain payments at the previous rate of N66/kWh until a resolution is reached on their petition […]

BlackRock's Bitcoin ETF surpasses Grayscale, becomes world’s largest
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BlackRock’s Bitcoin ETF surpasses Grayscale, becomes world’s largest

BlackRock’s spot Bitcoin Exchange Traded Fund, known as the iShares Bitcoin Trust, has overtaken Grayscale’s Bitcoin Trust to become the world’s largest Bitcoin ETF. The United States Securities and Exchange Commission approved spot Bitcoin ETFs in early January, allowing both BlackRock and Grayscale to launch their products simultaneously. According to Bitcoin Magazine, as of yesterday, […]

Meta launches AI voice translation on Facebook, Instagram
News

Meta discovers networks behind deceptive AI content

Meta reported on Wednesday that it discovered “likely AI-generated” content being used deceptively on its Facebook and Instagram platforms. This included comments praising Israel’s handling of the Gaza conflict, posted beneath content from global news organizations and U.S. lawmakers. According to Meta’s quarterly security report, the accounts responsible for this content posed as Jewish students, […]

PwC set to become OpenAI’s biggest reseller
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PwC set to become OpenAI’s biggest reseller

PwC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, the accounting giant announced on Wednesday. This move underscores the growing trend of businesses adopting and capitalizing on generative artificial intelligence. PwC plans to roll out ChatGPT Enterprise, a specialized version of the AI startup’s chatbot […]

News

Flutterwave secures payment aggregator license in Mozambique

Alex Omenye Flutterwave, Africa’s leading payment technology company, announced today that it has received an approval-in-principle for its payment aggregator license from the Central Bank of Mozambique. This license will enable Flutterwave to offer its comprehensive payment services within Mozambique, thereby strengthening its operations in southern African markets. Mozambique’s e-payment ecosystem is rapidly growing, with […]

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