The Lagos State Government has begun the demolition of illegal shanties within the abandoned Ikoyi Towers, days after discovering hundreds of undocumented individuals residing in makeshift...
Throughout the global economic landscape, certain cities are representative symbols of prosperity, drawing attention for their immense wealth and influence. These pivotal centres of affluence, characterized...
Nigerian crude moderately decreased but maintained its premium status as industry data showed a buildup in both crude and fuel inventories in the world’s largest economies....
Tech giant, Microsoft, and ChatGPT maker, OpenAI, have launched a $2 million Societal Resilience Fund to tackle AI misinformation and educate people around the world on...
The University of Nigeria Nsukka (UNN) has made a bold step in healthcare advancement with the inauguration of a vaccine research centre (VRC) aimed at tackling...
The African Union (AU) says a $15 billion private sector investment is required to guarantee an increase in local manufacturing of mineral fertilizers in Africa. This...
Shell has revealed that it paid the sum of $1.09 billion in corporate taxes and royalties to the Federal Government in 2023, highlighting its significant financial...
TikTok has taken a bold step by filing a lawsuit against the US government, marking the first challenge to a new law that mandates Chinese parent...
The United States has announced that it plans to deploy a cybercrime advisor in Nigeria. The advisor is poised to facilitate cooperation between the two nations,...
The Central Bank of Nigeria (CBN) has issued further clarifications on the utilization of foreign exchange proceeds by international oil companies (IOCs). This update was announced...
The Nigerian National Petroleum Company Limited (NNPCL) has warned the public against panic buying of the premium motor spirit (PMS), also known as petrol, stating that...
Story highlights Binance CEO Richard Teng revealed in a blog post that unknown individuals demanded cryptocurrency bribes from Binance executives prior to their detention by Nigerian...
A prominent Pay-TV operator, Multichoice Nigeria, has challenged the jurisdiction of the Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja which recently restrained it from...
As Nigeria grapples with a staggering inflation rate of 33.2% in March, the recent directive from the Central Bank of Nigeria (CBN) regarding a cybersecurity levy...
The latest report from the International Rescue Committee (IRC) and its partners says that around 16% of Nigerians will face severe food insecurity or hunger between...
The latest report from the International Rescue Committee (IRC) and its partners says that around 16% of Nigerians will face severe food insecurity or hunger between...
The Joint Admissions and Matriculation Board (JAMB) has announced the release of an additional 531 results from the recent Unified Tertiary Matriculation Examinations (UTME), bringing the...
A Nigerian startup providing digital identity solutions, Seamfix, has secured $4.5 million to fund the expansion of its digital ID and credential services. The private equity...
The Nigerian Electricity Regulatory Commission (NERC) has reduced the exchange rate for calculating the current electricity tariff for Band A customers by 16.03%, from N1,463.3/$ to...
The Federal Government is committed to promoting sustainable air travel through the strategic use of satellite technology. Mr. Festus Keyamo, Minister of Aviation and Aerospace Technology,...
The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja will today, Tuesday, hear and possibly determine the case against Multichoice Nigeria, a major pay-TV operator,...
The Katsina State Government has allocated the sum of N3.77 billion between June 2023 and April 2024 in a bid to strengthen healthcare services within its...
The Federal High Court sitting in Abuja, on Monday, adjourned an amended money-laundering charge instituted by the Economic and Financial Crimes Commission (EFCC) against a nephew...
President of the Africa Fintech Network (AFN), Dr. Segun Aina, has said that some of the regulatory issues facing fintechs in Nigeria are due to the...
The Central Bank of Nigeria (CBN) has ordered banks to enact the process of deduction of cyber security levy to be administered by the office of...
Following a recent pronouncement by Dr. Oluyinka Olumide, the Lagos State Commissioner for Physical Planning and Urban Development, concerning significant structures situated on the Lekki-Epe axis,...
Following a recent pronouncement by Dr. Oluyinka Olumide, the Lagos State Commissioner for Physical Planning and Urban Development, concerning significant structures situated on the Lekki-Epe axis,...
Global oil giant, Shell Plc, has opted to sell off its majority stake in a South African downstream subsidiary following an extensive evaluation of its operations...
The Federal High Court Abuja has ordered Qatar Airways to enter defense in a suit filed by an ex-lawmaker, Honorable Chukwuemeka Ujam, who seeks N30 million...
Nigeria may reinstate a previously suspended telecom tax and other fiscal measures as it seeks to secure a new $750 million loan from the World Bank. This is...
Nigeria may reinstate a previously suspended telecom tax and other fiscal measures as it seeks to secure a new $750 million loan from the World Bank. This is...
Plateau State has unveiled a drugs and commodities warehouse valued at N590 million as part of the moves to combat the scourge of counterfeit drugs. This...
The Union Oak Farms & Industries Limited has asked the Federal High Court, Abuja, to set aside its interim order allowing the Asset Management Corporation of...
The Ikeja Electricity Distribution Company (IE) announced that it has incorporated 19 new Band A feeders into its network following the recent decrease in electricity rates...
The Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane, has thrown his weight behind plans by telecommunications operators in Nigeria to increase their...
To mark the 90th anniversary of the British Council holding later in the year, the Council has announced a three-year research partnership with the Institute for...
The Lagos State government has revealed that 80% of buildings around the Ibeju Lekki and Epe corridor do not have government approval. This was made known...
Ikeja Electric Distribution Company (IE) has announced the reduction of its electricity tariff for customers under Band A from N225/kWh to N206.80/kWh. In a circular signed...
Ikeja Electric Distribution Company (IE) has announced the reduction of its electricity tariff for customers under Band A from N225/kWh to N206.80/kWh. In a circular signed...
The latest report from cybersecurity firm Sophos revealed that ransom payments by companies globally hit with ransomware increased by 500% in 2023. According to the “State...
Dr. Richard Montgomery, the British High Commissioner to Nigeria, stated that although some international students are prohibited from bringing dependents, those enrolled in PhD programs are...
In April, the global benchmark for food commodity prices ticked upwards, as declines in sugar and dairy products were outweighed by increase in meat prices, vegetable...
The Lagos State Commissioner for Environment and Water Resources, Tokunbo Wahab, has said that the state government will commence enforcement actions to dismantle more than 100...
Ben Murray-Bruce, a former senator representing Bayelsa East from 2015 to 2019 and founder of the Silverbird Group, has stated that the Lagos-Calabar coastal highway will...
Richard Montgomery, the British High Commissioner to Nigeria, has disclosed that the number of dependents accompanying students from Nigeria studying in the United Kingdom (UK) surged...
Global credit ratings agency, Fitch Ratings, has projected further hike in monetary policy rates by the Central Bank of Nigeria (CBN) in the second half of...
Tokunbo Wahab, the Lagos State Commissioner of Environment and Water Resources, has clarified that developers of the properties demolished in Mende Villa in Mende on Saturday...
In Lagos, Nigeria’s economic capital and most populous state, residents are grappling with a significant housing crisis. The city, known for its robust economy and high...
In today’s interconnected world, the power of a passport extends far beyond its physical pages. It represents freedom, global mobility, and opportunities for its holders. The...
Software giant, Microsoft, has rolled out passkeys for all consumer accounts, enabling users to drop passwords to access the company’s accounts. The company noted that the...
The Federal Government has mandated system operators in the Nigerian power industry to supply not more than 6% of total available grid generation per hour to...
The African Development Bank (AfDB) is targeting 200,000 jobs from the special agro processing zone (SAPZ) project in Anambra State. Dr. Chuma Ezedinma, Agricultural Economist with...
The Federal High Court, Abuja, has adjourned a suit alleging that the Ethiopian government lacks budgetary allocation to cater for the feeding and welfare of detained...
The Federal Government has introduced key initiatives aimed at expediting the eradication of malaria in Nigeria. The Coordinating Minister of Health and Social Welfare, Prof....
Enhancing healthcare systems significantly boosts both life quality and expectancy. By facilitating timely detection and treatment of health issues, access to healthcare services safeguards individuals while...
Google is facing scrutiny over advertising practices amid an antitrust trial by a United States court. Judge Amit Mehta presided over the final stages of a...
The Nigerian Electricity Regulatory Commission (NERC), acting under the provisions of the Nigeria Electricity Act, has ordered the establishment of an Independent System Operator (ISO) to...
The Nigeria Atomic Energy Commission (NAEC) has said it is working in collaboration with the Centre for Energy Research and Training (CERT), Ahmadu Bello University (ABU),...
Bank fraud continues to be a critical issue in Nigeria, impacting many through various techniques that lead to significant financial losses. The Nigeria Inter-Bank Settlement System...
Banks and other financial institutions across Nigeria have reinstated processing fees on large cash deposits following the expiration of the Central Bank of Nigeria’s (CBN) temporary...
President Bola Tinubu is set to inaugurate three vital gas infrastructure projects carried out by the Nigerian National Petroleum Company Limited (NNPCL) and its partners. This...
The federal government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has proposed to expedite the exit of major oil companies like Shell and Exxon Mobil...
One of Nigeria’s leading fintech companies, OPay, has warned its customers against trading in cryptocurrency or any virtual currency on its app. The company, in a...
The Oyo State Government and Shell Nigeria Gas (SNG) have signed an agreement worth over $100 million to develop a gas supply and distribution infrastructure that...
The Federal Government has announced the addition of 625MW of power into the national grid, elevating its wheeling capacity to 4800MW through the inauguration of two...
The Federal High Court, Abuja has ordered the arrest of a former Chief of Naval Staff, Vice Admiral Usman Jibrin and two other officers over N1.5...
The Federal Government has banned the utilisation of foreign-made syringes and needles in tertiary hospitals in Nigeria in a bid to bolster domestic production and safeguard...
A recent United Nations Educational, Scientific and Cultural Organization (UNESCO) report has highlighted the negative impact of social media and digital technology on the well-being, learning,...
The Lagos State Government has announced the completion of 172 road projects across the state since Governor Babajide Sanwo-Olu took office in May 2019. Engr. Olufemi...
A recent report by the World Bank has shown that extreme weather events are devastating health globally and climate’s negative effects could drive 44 million people...
Ride-hailing platform, Uber, has said its drivers in Nigeria will now be able to access their earnings daily as opposed to the weekly access being granted...
Stakeholders in the tech ecosystem have said that role of local investor confidence is the path to woo foreign capital investment into Nigeria as the nation...
The Nigerian Upstream Petroleum Regulatory (NUPRC) has asked the Federal High Court, Abuja to dismiss the suit filed by an oil and gas firm named NJ...
Landmark Beach management said it has started refunding affected customers via its mobile application after some parts of its properties were demolished by the Federal Government....
Social media platform X owner, Elon Musk, has advised users of the platform to unblock all accounts they have blocked in the past. While the billionaire...
The Federal Capital Territory Administration (FCTA) has advised the area council chairmen to utilize the N6.32 billion statutory allocation for March solely for people-oriented projects in...
The Federal Ministry of Education has announced a Romanian scholarship program for undergraduates and postgraduates in Nigeria. The scholarship is for those pursuing bachelors, masters and...
The Lagos State Government has generated N300 million in revenue from Land Use Charge in the first four months of 2024. This marks an important contribution...
As the cost of living continues to rise, access to affordable and nutritious food remains a critical concern for many households across Nigeria. The Cost of...
A federal jury in New Haven, Connecticut, has convicted a Nigerian national, Okechuckwu Valentine Osuji, for operating a business email compromise scheme out of multiple countries,...
The Federal Government may approve ExxonMobil’s asset sale to Seplat in less than two weeks if parties agree to two mutually exclusive options relating to decommissioning...
A oil and gas firm named NJ Exploration Limited has asked the Federal High Court, Abuja, to award the cost of N100 million against the Nigerian...
The Lagos State Government has initiated the clearance of an illegal settlement found beneath the Osborne Bridge in Ikoyi. Lagos State Commissioner of Environment and Water...
Logistics startup, Renda, has secured $1.9 million in pre-seed equity and debt funding. According to a statement by the company, the equity investment of $1.3 million...
The Minister of Aviation and Aerospace Development, Festus Keyamo, has affirmed Nigeria’s commitment to the A41-21 resolution aiming for net zero carbon emissions in the aviation...
Kaduna State Internal Revenue Service (KADIRS) took decisive action on Thursday, sealing six telecommunication masts across the state’s metropolis due to outstanding taxes amounting to N5.8...
The Yobe State Government has responded to the recent surge in cases of Cerebrospinal Meningitis, serogroup ‘C’, by setting up a temporary Emergency Operations Centre in...
Canada’s Startup Visa Program (SUV) has implemented a cap on the annual processing of permanent residence (PR) applications, limiting it to a maximum of 10 startups...
The Minister of Resources (Gas), Ekperikpe Ekpo, has said that the Federal Government will cease to issue licenses to gas companies that lack the capability to...
MTN Nigeria says it has fully barred a total of 8.6 million lines from the network in line with the directive of the Nigerian Communications Commission...
Nigeria’s Brass River, Bonny Light, and Qua Iboe are trading above $85 a barrel, a dollar higher than the active Brent contract. However, this increase hasn’t...
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various banking sectors. Effective immediately, the new...
Amid the vibrant hustle at Iwo Road, Ibadan, 25-year-old Temi Okeowo paused at the entrance of a dental clinic, her heart beating with a mix of...
Forbes recently unveiled a new list of top schools outside the Ivy League, citing ongoing anti-Israel protests on Ivy League campuses. According to Forbes, the publication...
In March 2024, African airlines experienced an 8.1% year-on-year increase in international passenger demand, signaling robust growth in international passenger markets during that period. This information...
In 2023, major consumer goods companies listed on the Nigerian Stock Exchange (NGX) recorded FX losses amounting to N839.24 billion in the 2023 financial year. This...