Outstanding $7bn FX cleared, says Cardoso
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced that the government has successfully cleared a $7…
Year: 2025
FG Partners with Portsmouth University to Boost Oil & Gas Capacity in Nigeria
The Nigerian government has signed a Memorandum of Understanding (MoU) with the University of Portsmouth (UoP) to enhance local capacity…
Three Key Strategies for Improving Nigeria’s Business Environment in 2025
As Nigeria seeks to attract more investments and improve its business environment in 2025, achieving monetary and fiscal stability is…
Gartner Predicts AI Will Drive 15% of Daily Work Decisions by 2028, Transforming Workplaces
Gartner has projected that by 2028, AI systems will autonomously make 15% of daily work decisions, with technologies like “agent-based…
CBN Waives N250,000 BDCs’ Annual Licence Renewal Fee for 2025
In a bid to streamline operations and foster stability in Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN)…
Telcos urge PRC to review annual due payment
Telecom operators in Nigeria have raised concerns over the revised annual payment structure under the Financial Reporting Council Amendment Act…
OpenAI says it will work with U.S government to protect technology
OpenAI has expressed concerns about Chinese companies attempting to tap into U.S. artificial intelligence advancements to enhance their models. In…
Microsoft probes if DeepSeek-linked group improperly obtained OpenAI data, Bloomberg News reports
Microsoft and OpenAI are investigating whether a group connected to the Chinese AI startup DeepSeek improperly obtained data from OpenAI’s…
Italian startup Exein to supply cybersecurity for chips to MediaTek
Italian tech startup Exein has signed a deal with Taiwan’s MediaTek to provide cybersecurity systems for chips used in the…
Telecoms 50% tariff hike: Subscribers head for court as NCC talks deadlocked
Nigerian telecom subscribers, led by the National Association of Telecommunications Subscribers (NATCOMS), are taking legal action against the Nigerian Communications…
MRS, others drag equity market to N284bn loss
The Nigerian Exchange (NGX) closed Tuesday’s trading session in negative territory, with the All-Share Index dropping by 0.44% to 103,958.75…
Heavy sanctions for FX code breaches, CBN warns banks
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has warned financial institutions that violations of the newly introduced Nigeria…
FG invests N150bn in real estate fund
The Federal Government of Nigeria, through the Ministry of Finance Incorporated (MOFI), has fully subscribed to the N150bn Series 1…
Nigeria secures $1.1bn AfDB fund to power 5m people by 2026 – Tinubu
Nigeria’s President Bola Tinubu has secured a $1.1 billion fund from the African Development Bank (AfDB) aimed at providing electricity…
MTNN CEO confident regulator’s service quality deadline possible
MTN Nigeria’s CEO, Karl Toriola, has expressed confidence that the company will meet the Nigerian Communications Commission’s (NCC) three-month service…
Nigeria mulls fresh energy subsidy in $15bn investor pitch – Bloomberg
Nigeria is making a fresh push to attract investors into its struggling power sector by proposing higher tariffs while reintroducing…
Senate threatens to arrest HYPREP coordinator over $360m Ogoni cleanup
The Nigerian Senate’s Public Accounts Committee has warned Professor Nenibarini Zabbey, Coordinator of the Hydrocarbon Pollution Remediation Project (HYPREP), that…
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…
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…