CBN holds interest rate at 27.5% amid inflation decline
The Central Bank of Nigeria’s Monetary Policy Committee has unanimously decided to maintain the Monetary Policy Rate at 27.5%. This decision was…
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Instagram introduces ‘Testimonials’ to boost creator brand partnerships
Meta has unveiled a new feature within its Partnership Ads program that allows Instagram creators to earn money by endorsing products through…
Tackle trade tensions diplomatically, Okonjo-Iweala urges WTO members
The Director-General of the World Trade Organisation, Dr. Ngozi Okonjo-Iweala has urged member countries to use the organization as a platform for…
Australian children bypasses social media age limits – Report
A recent report by Australia’s online safety regulator has revealed that children in the country can easily bypass minimum age restrictions set…
Microsoft unveils AI-Powered videogame model ‘Muse’
Tech giant Microsoft has introduced a new artificial intelligence model designed to generate visuals and actions in video games, the company announced…
FG considers port automation to cut costs
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has emphasized the need for port process automation to reduce business costs in…
Dangote, NNPCL refineries not meeting 50% local fuel needs – FG
Despite a combined refining capacity of 985,000 barrels per day, Nigeria’s three operational refineries—Port Harcourt, Warri, and Kaduna—supply less than 50% of…
FG bans 60,000-litre fuel tankers from roads, depots
The Federal Government has disclosed the ban of trucks carrying more than 60,000 litres of hydrocarbon products from loading at depots and…
CBN investigates 19.7m dormant bank accounts
The number of dormant bank accounts in Nigeria has exceeded 19.69 million, according to the Nigeria Inter-Bank Settlement System’s industry customer account…
NGX rebounds as investors gain N505bn
The Nigerian Exchange rebounded on Wednesday, recovering from the previous day’s loss as the All-Share Index rose by 0.87% to close at…
Nigeria sues Binance for $79.5bn over alleged economic losses, tax evasion
The Nigerian government has filed a lawsuit against cryptocurrency exchange Binance, demanding $79.5 billion in damages for alleged economic losses and an…
Power generation reaches 5,543MW as govt unveils new plans
The Federal Government has announced plans to move most electricity consumers in Nigeria to Band A, ensuring a minimum of 20 hours…