Meta Completes 2Africa Subsea Cable, Bringing Faster Internet to 3 Billion People
Meta has announced the successful completion and activation of the 2Africa subsea cable, a transformative project designed to enhance internet…
Author: ayotilewa
Alles Charis Gas Boosts Domestic LPG Supply with New 500MT Depot in Ondo
Alles Charis Gas Limited has taken a significant step in deepening domestic LPG supply in Nigeria by commissioning a 500-metric-tonne…
PENGASSAN Raises Alarm Over Eroding Oil and Gas Retirees’ Pensions
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns over the declining value of pensions…
Nigeria’s New Tax Reform Law Makes Virtual Currencies Taxable – Oyedele
Nigeria has officially brought virtual currencies, including cryptocurrencies, under its tax umbrella as part of the country’s sweeping fiscal reform,…
Nigeria’s Aviation Sector: Africa’s Most Under-Exploited Market, Says President Tinubu
President Bola Ahmed Tinubu has called on global investors to explore the vast potential in Nigeria’s aviation sector, describing it…
FG, States, LGs Share N2.09 Trillion in October 2025 FAAC Allocation
The Federal Government, states, and local governments shared a total of N2.094 trillion from the October 2025 Federation Account Allocation…
Nigeria Targets N1.49tn Annual Revenue from West African Electricity Exports
Nigeria is set to earn nearly $1 billion (about N1.49 trillion) annually from electricity exports to 15 West African countries…
CATL Shares Drop as Lockup Expires, Triggering Investor Sell-Off in Hong Kong
China’s battery giant CATL saw its Hong Kong-listed shares tumble on Thursday, falling as much as 8.75% after a major…
Nigerian Bank Stocks Slide as Sell-Off Deepens on NGX in November 2025
The Nigerian stock market has been caught in a wave of heavy sell-offs this November, with banking stocks at the…
Nigerian Stock Market Dips Further as Investors Lose N216bn — Market Capitalisation Falls Again
The Nigerian stock market extended its bearish run on Wednesday as investors lost an additional N216bn, deepening concerns over persistent…
Banks Alert Customers as FIRS Intensifies Enforcement of 10% Tax on Fixed-Income Interest
Nigerian banks have begun issuing fresh alerts to customers after the Federal Inland Revenue Service (FIRS) reaffirmed the enforcement of…
Cloudflare Outage Disrupts Global Websites, Caused by Internal Database Error
Cloudflare experienced its most severe outage since 2019 on Tuesday, temporarily disrupting access to millions of websites globally. CEO and…
AI Investments Soar Despite Stock Slump: Microsoft, Nvidia Back Anthropic in $15B Deal
Money continues to flow into artificial intelligence companies even as AI stocks struggle. Microsoft and Nvidia are leading the latest…
President Bola Tinubu Travels to South Africa and Angola for G20 and AU-EU Summits
President Bola Tinubu will today begin a two-nation diplomatic visit to Johannesburg, South Africa, and Luanda, Angola, to participate in…
Nigerian Stocks Stall After N7 Trillion Loss Amid Market Volatility
The Nigerian Exchange (NGX) All-Share Index (ASI), which has enjoyed a remarkable rally this year thanks to economic reforms and…
NGX Tech Listings Stalled as Awareness Gap Drives Startups Toward Acquisitions
Nigeria’s technology startups are showing little interest in listing on the Nigerian Exchange Limited (NGX), with a new report pointing…
Nigeria’s Pension Fund Hits N26 Trillion as Assets Grow 22% in 12 Months
Nigeria’s pension fund assets have soared to N26.09 trillion as of September 2025, marking a 22.03% year-on-year growth, according to…
E-Cedi to Strengthen Ghana’s Monetary Sovereignty and Reduce Forex Dependence – Ecobank MD
The Managing Director of Ecobank Ghana, Abena Osei-Poku, has highlighted the pivotal role of the E-Cedi in reinforcing Ghana’s monetary…
TotalEnergies Eyes Nigeria’s 2025 Oil Licensing Round After 2024 Block Wins
French energy giant TotalEnergies has expressed keen interest in participating in Nigeria’s upcoming 2025 oil licensing round, building on its…
TikTok Lets Users Control How Much AI-Generated Content They See
TikTok is giving users more control over their feeds by introducing a new feature that lets them adjust how much…
PTAD Disburses N3.9 Billion Arrears to 91,146 Pensioners Under Defined Benefit Scheme
The Pension Transitional Arrangement Directorate (PTAD) has successfully disbursed a total of N3.9 billion in arrears to 91,146 eligible pensioners…
Global Internet Users Rise by 240 Million in 2025 Amid Cost and Accessibility Challenges
Global digital connectivity continues to expand, with an estimated 240 million people joining the online world in 2025, according to…
Internet banking overtakes ATM, PoS as transaction values surge to ₦542.98trn
Banking transactions conducted through Web Pay, also known as internet banking, surged to ₦542.98 trillion in the first quarter (Q1)…
Nigeria’s Foreign Reserves Soar to $46.7 Billion, Boosting Naira and Investor Confidence
Nigeria’s foreign reserves have surged to $46.7 billion as of November 14, 2025, marking the highest level in seven years…
Fintechs Usher in a New Era as Nigeria’s NPS Launches Instant, Data-Rich Payments
Nigeria’s fintech ecosystem is entering a transformative phase as the National Payment Stack (NPS) officially debuts with its first live…
Seplat Energy Chairman Udoma to Lead 2025 PEARL Awards Nite in Lagos
The Board of Governors of the PEARL Awards Nigeria has announced that Mr. Udoma Udo Udoma, Chairman of Seplat Energy…
Nigeria’s Foreign Reserves Hit 7-Year High of $46.7 Billion Amid Economic Recovery
Nigeria’s foreign-exchange reserves have climbed to a seven-year high of $46.7 billion, the Central Bank of Nigeria (CBN) announced on…
European Markets Slip as Investors Await Nvidia Earnings and UK Inflation Cools
European markets were on track for a cautious start Wednesday as investors turned their focus to Nvidia’s highly anticipated earnings…
Nigeria Surpasses 1.7m Barrels Per Day as Oil Output Rebounds — NUPRC
Nigeria’s oil production has crossed the 1.7 million barrels per day (bpd) mark multiple times in 2025, signaling a strong…
Seplat Empowers 25 Imo Journalists Through Two-Day Media Capacity Workshop
Seplat Energy Plc has reaffirmed its commitment to strengthening Nigeria’s media landscape by hosting a two-day intensive workshop for journalists…