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OpenAI Rehires Sam Altman as CEO Following Initial Sacking
Introduction:OpenAI, the artificial intelligence research laboratory, has announced an agreement to rehire Sam…
Rethinking Nigeria’s Economic Strategy: Prioritizing Revenue Opportunities…
Nigeria is contemplating a shift in its economic strategy by prioritizing low-hanging revenue opportunities over…
U.S. Welcomes Breakthrough Agreement on Release of Hostages in Israel-Hamas Deal
The United States has expressed gratitude for the recent breakthrough agreement between Israel and Hamas, leading…
Seplat Energy Invests $250 Million in New Gas Processing Plant to Boost…
Nigerian independent energy company, Seplat Energy Plc, has unveiled plans for a substantial $250 million…
Nigerian Breweries Seeks Shareholder Approval for 80% Stake in Distell Nigeria
Nigerian Breweries (NB) Plc, the largest brewery in Nigeria, has presented a proposal to its shareholders seeking…
Nigeria and Germany Explore Investment Opportunities in Power and Rail Sectors
President Bola Tinubu recently engaged in discussions with German Federal Chancellor Olaf Scholz during the G20…
Allegations of Misappropriation: Nigerian Lottery Trust Fund Faces Scrutiny by…
The House of Representatives Committee on Finance is currently conducting a status enquiry into the National…
Nigeria Seals $2.2 Billion Solar PV Deal with Sun Africa for Renewable Energy…
The Nigerian federal government, through the Ministry of Power, has finalized a $2.2 billion solar PV deal with…
Escalating Drug Prices in Nigeria Following GlaxoSmithKline’s Exit: A Crisis…
The departure of GlaxoSmithKline (GSK) from Nigeria has triggered a severe healthcare crisis, leading to a surge…
Nigeria Witnesses Surge in Federation Account Revenue After Fuel Subsidy Removal
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, has reported a significant…
Central Bank of Nigeria Delays Monetary Policy Meeting Amid Forex Backlog
The Central Bank of Nigeria (CBN) has deferred its Monetary Policy Committee (MPC) meeting for the second time…
Inflation Crisis in Nigeria Forces Many to Choose Between Food and Medicine
The inflation crisis in Nigeria is exacerbating the challenges faced by individuals with chronic health…
Nigeria’s Streaming Woes: Slow Adoption Challenges Netflix and Local…
Despite Nigeria being Africa's most populous country with a significant mobile user base, the adoption of…
Naira Appreciates Against Dollar on Parallel Market, Stabilizing at N1,125/$
The Nigerian naira has appreciated against the US dollar, gaining 0.88% to reach N1,125/$ on the parallel market.…
Low IGR: 18 Nigerian States in Dire Financial Straits, Missing Opportunities at…
Out of Nigeria's 36 states, only Lagos was represented at the 2023 Africa Investment Forum (AIF) in Marrakech,…
Nestle Nigeria Reports Loss After Naira Weakness Triggers N127.46 Billion Forex…
Nestle Nigeria has reported a loss after tax for the 9-month period ending in 2023 due to a significant foreign…
Nigeria Declares State of Emergency in Health Sector Due to Dilapidated Facilities
Summary:The Federal Government of Nigeria has declared a state of emergency in the country's health sector, citing…
Despite Inflation, Real Estate Opportunities Exist in Nigeria: Land-Banking and…
Summary:Amid the impact of inflation on various sectors, including real estate, there are still opportunities for…
Meta to Land Two Submarine Cables in Nigeria to Boost Digital Infrastructure
Summary:Meta is set to deploy two submarine cables in Nigeria, with one landing in Lagos and the other in Akwa…
Combating Illicit Financial Flows in Nigeria: The Role of Technology
Illicit financial flows (IFFs) in Nigeria, driven by corruption, tax evasion, money laundering, and illegal trade,…
Nigeria’s Inflation Hits Multi-Decade High at 27.3%, Food Inflation at 31.5%
Nigeria's inflation has reached a new multi-decade high, hitting 27.3% in October, defying global trends. The…
London-based Fintech Due Network Expands to Nigeria, Targeting Cross-Border…
Due Network, a global fintech company based in London, has expanded its operations to Nigeria, aiming to tap into…
Nigeria’s Inflation Persists Amid Global Cooling, Local Factors Cited
While several countries experience a slowdown in inflation, Nigeria continues to see rising prices for goods and…
Visa Cancellation Sparks Calls for Reciprocal Action to Protect Nigerian Carriers
The cancellation of visas for 264 Air Peace passengers by Saudi authorities at King Abdulaziz International…
Nigeria’s Export Prohibition Act Hinders Agricultural Commodities Export Amid…
Nigeria's Export Prohibition Act of 1989 is restricting the export of certain agricultural commodities, including…
Nigeria’s Headline Inflation Hits 27.33%, Highest in 18 Years, Driven by…
Nigeria's headline inflation has reached 27.33%, marking an 18-year high, driven by surging food prices,…
Nigeria’s Rice Imports Cost for 2023/24 May Surpass Total Anchor Borrowers…
The United States Department of Agriculture (USDA) projects that Nigeria's rice imports for the 2023/24 marketing…
New E-Dividend Portal in Nigeria to Be Operational by November 30, 2023, Says SEC
The Securities and Exchange Commission (SEC) in Nigeria has announced that the new e-dividend portal is expected…
Central Bank of Nigeria Reverses Deadline for Withdrawal of Old Naira Notes
The Central Bank of Nigeria (CBN) has announced the reversal of the December deadline for the withdrawal of old…
Nigeria Targets Increase in Revenue to GDP Ratio from 8% to 25% by 2026
The Federal Government of Nigeria aims to raise the revenue to Gross Domestic Product (GDP) ratio from 8% in 2023…