The Federal Government of Nigeria is working to attract German technology, equipment and investment to the country’s steel and metal industries. The plan is aimed at improving the way Nigeria processes its mineral resources, producing more equipment locally and creating more jobs in the steel sector. The government also wants […]
Economy
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 3.5 percentage points, bringing it down from 26.5 per cent to 23 per cent. The decision was announced after the Monetary Policy Committee (MPC) held its 307th meeting in Abuja. The rate cut is expected to […]
In a decisive move aimed at aligning academic research with Nigeria’s national digital economy agenda, the National Information Technology Development Agency (NITDA) has declared its commitment to advancing collaborative, problem-solving research with Nigerian tertiary institutions. The initiative is designed to harness emerging technologies to address real-world socio-economic challenges while equipping […]
The continuous unraveling of Nigeria’s post-transition accountability era has found its ultimate crucible inside the austere rooms of the Special Offences Division of the Lagos High Court sitting in Ikeja. To view the ongoing trials of the former Central Bank of Nigeria Governor, Godwin Emefiele, as merely technical anti-graft proceedings […]
NIGCOMSAT, Nigeria’s government-owned satellite company, has posted a striking jump in revenue; raking in ₦2.2 billion ($1.6 million) in 2025, up from just ₦650 million the previous year, CEO Jane Egerton-Idehen revealed. Yet the strong performance comes with a cloud of uncertainty. Nigeria’s only functioning communications satellite faces an unclear […]
The Group of 24 (G-24) has sounded a stark warning over rising political turmoil and conflicts worldwide, highlighting the intensifying Middle East war as a major threat to global economic stability. The Group of 24 noted during the World Bank/IMF Spring Meetings in Washington, D.C., that the ongoing Middle East […]
Providus Bank has unveiled the Training to Transaction (T2T) Programme, a forward-thinking initiative set to move African SMEs from export ambition to real global trade activity. It was launched in collaboration with international partners focusing on a persistent challenge: the gap between training and actual business execution. Rather than […]
Starting January 1, 2027, Greek children under 15 will be banned from social media, announced Prime Minister Kyriakos Mitsotakis on Wednesday. In a direct message posted on TikTok, Mitsotakis spoke to the generation most affected: “I know some of you will be upset… This isn’t about keeping you away from […]
Nigeria’s telecom regulator has ordered mobile network operators to compensate customers for persistent service disruptions, introducing a new policy that takes effect in April 2026. The Nigerian Communications Commission said the directive is designed to strengthen accountability across the telecommunications sector, requiring operators to identify affected users and issue compensation […]
Baobab Microfinance Bank has officially announced the opening of its new Head Office located at No. 129 Ikorodu Road, Lagos, marking a significant milestone in the institution’s growth journey and its continued commitment to operational excellence, best in class service to MSMEs and financial inclusion. The relocation to this new […]