NNPCL workers threaten strike over external appointments into top roles
Workers of the Nigerian National Petroleum Company Limited have issued a stern warning to the newly appointed Group Chief Executive Officer, Bayo…
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Naira slips 2.6% in March, despite $668m CBN support
The naira weakened further in March 2025, recording a 2.4% depreciation at the Nigerian Autonomous Foreign Exchange Market and a 2.6% decline…
MTN challenges Netflix, Showmax with launch of streaming platform
One of Africa’s leading telecommunications providers, MTN Group, has entered a strategic partnership with UK-based video software firm Synamedia to create a…
Lagos-Calabar coastal road designed to withstand floods for 50 years – Minister
The Minister of Works, David Umahi, has assured that the Lagos-Calabar Coastal Highway is designed to withstand floodin for up to 50…
Petrol price may crash to N400/litre as crude oil prices dip — Refiners
The Crude Oil Refinery Owners Association of Nigeria has projected that the pump price of Premium Motor Spirit (petrol) could drop below…
US cancels all visas for South Sudanese passport holders
The United States Secretary of State, Senator Marco Rubio, announced on Saturday that the US is revoking all visas for South Sudanese…
Musk, Bezos, Zuckerberg lose over $81b in two days
President Donald Trump’s announcement of new tariffs sent shockwaves through Wall Street, resulting in significant losses for the world’s wealthiest individuals. Over…
TCN reports 165MW power loss after towers collapse in Lagos
The Transmission Company of Nigeria has reported the collapse of three transmission towers after the Ikeja West-Osogbo 330kV line tripped during a…
Spotify paid Nigerian, S’African artists $59m royalty in 2024
Audio streaming giant Spotify significantly increased its royalty payouts to artists from Nigeria and South Africa in 2024, distributing nearly $59 million…
AI could impact 40% of jobs, deepen global inequality – UN
The United Nations Trade and Development agency has expressed concerns over automation and job displacement that could arise from Artificial intelligence. The…
OpenAI faces $10b funding cut over failure to restructure
OpenAI could see its private funding round reduced by up to $10 billion if it doesn’t transition into a for-profit entity by…
NGX rebounds as 2024 dividend declarations spur ₦437bn growth
Dividend announcements for the 2024 financial year by corporate Organisations reversed the downward trend on the Nigerian Exchange, generating a ₦437 billion…