CBN releases Nigeria FX code to mitigate financial risks
The Central Bank of Nigeria (CBN) has introduced the Nigeria Foreign Exchange (FX) Code to reduce financial risks amidst significant…
Day: January 28, 2025
Price of cooking gas drops 13.3% to N16,250 — Investigation
The price of cooking gas (Liquefied Petroleum Gas, LPG) in Nigeria decreased by 13.3% in January 2025, with the cost…
Marketers fear epileptic fuel supply over unstable PMS prices
Petroleum product marketers are concerned that the instability in petrol prices may result in inconsistent fuel supply across filling stations.…
DeepSeek claims its ‘reasoning’ model beats OpenAI’s o1 on certain benchmarks
Chinese AI lab DeepSeek has launched an open-source version of its reasoning model, DeepSeek-R1, which is now available on the…
BudgIT Emphasizes NBS Independence in GDP and CPI Rebasing
BudgIT, a nonprofit focused on government transparency, has underscored the importance of the National Bureau of Statistics’ (NBS) independence as…
Wale Edun declares Nigeria’s electricity sector open for investment
Wale Edun, Nigeria’s Minister of Finance, has announced that the country’s electricity sector is open for investment during his speech…
FG should limit contracts to firms listed on NGX — Expert
Mr. Ugodre Obi-Chukwu, CEO of Nairametrics, has called for the Nigerian government to award construction contracts only to firms listed…
Experts Urge Investment in AI to Bridge Educational Gaps in Underserved African Communities
At the 4th World Education Day Conference (WEDC25), experts called for increased investment in Artificial Intelligence (AI) to help address…
Nigeria to partner Switzerland for economic collaboration – Akpabio
Nigeria’s Senate President, Godswill Akpabio, has advocated for a stronger economic partnership with Switzerland, facilitated by the European Free Trade…
CBN Waives 2025 License Renewal Fee for BDC Operators
In a bid to ease financial pressures on Bureau De Change (BDC) operators, the Central Bank of Nigeria (CBN) has…
US Investigates United Airlines Flight That Returned to Nigeria After Mid-Air Incident
The US National Transportation Safety Board (NTSB) has launched an investigation into a United Airlines flight that was forced to…
Currency Markets Roiled by Tariffs and AI Uncertainty
Global currency markets experienced sharp volatility as new U.S. tariff threats and concerns over artificial intelligence (AI) dominance shook investor…
SAP sees higher operating profit, cloud revenue growth in 2025
SAP, Europe’s largest software company, has raised its 2025 financial outlook, citing strong growth in cloud computing revenue. The company…
SEC to intensify monitoring of capital market operators – Agama
The Securities and Exchange Commission (SEC) has reaffirmed its commitment to stricter monitoring of capital market operators to ensure compliance…
LCCI Urges Telecom Operators, Regulator to Improve Service Quality Amid Tariff Hike
The Lagos Chamber of Commerce and Industry (LCCI) has urged telecom operators and regulators to enhance service quality, especially as…
USSD debt: NCC, telcos rule out deadline extension for banks
The Nigerian Communications Commission (NCC) and telecommunications companies have refused to extend the deadline for banks to clear their Unstructured…
Nigerian Stock Market Gains N795bn As Bullish Run Boosts Investor Confidence
The Nigerian stock market kicked off the week on a strong bullish trend, with the All-Share Index (ASI) rising by…