The Federal Government has inked a Memorandum of Understanding (MoU) with Saudi Arabia, marking a crucial step in establishing a collaborative framework for the oil and gas sector. The MoU focuses on fostering collaboration, sharing information, and transferring technology to create a conducive environment for a mutually beneficial partnership. Senator Heineken Lokpobiri, the Minister for Read More…
Month: November 2023
FG unveils policies to boost industries
The Federal Government has introduced two five-year policies aimed at revitalising the country’s production and investments in the industry and trade sectors. Dr. Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, revealed the policies—Nigerian Investment Policy-2023-27 and Trade Policy of Nigeria-2023-27—virtually during the closing of the 15th National Council of Industry, Trade, and Investment Read More…
Sanwo-Olu seeks support for Lagos Megacity
Lagos State Governor, Babajide Sanwo-Olu, is rallying support to enhance infrastructure development, transforming Lagos into a functional megacity. Speaking at the High-level Mayoral Event on “Leveraging Cities and Municipalities for National Development” during the 2023 AIF Market Place in Marrakesh, Morocco, Sanwo-Olu highlighted the state’s conducive business environment and the need for investments to establish Read More…
Humane Unveils $699 Ai Pin Device
Silicon Valley startup Humane, backed by a team of ex-Apple veterans, has launched the Ai Pin, a $699 device aiming to integrate cutting-edge artificial intelligence seamlessly into daily life. The wearable device, designed to be worn on clothing, taps into a virtual assistant powered by OpenAI’s ChatGPT and Microsoft’s cloud computing. The Ai Pin utilises Read More…
Defective drone averts potential Middle East escalation
A malfunctioning drone launched by an Iranian-backed militia in Iraq on October 26 may have played a crucial role in preventing a deeper involvement of the United States in the Middle East conflict, according to two anonymous U.S. officials familiar with the matter. The drone, penetrating U.S. air defences, crashed into the second floor of Read More…
MTN champions young athletes for success
In a bid to shape the future of Nigerian athletics, the “MTN Champs” national development intervention is gaining momentum, with the sponsors expressing confidence in its lofty aims. Ifeanyi Udom, MTN’s Senior Manager, Sales and Trade Development, South West, emphasized the championship’s purpose, stating, “These are talents we expect will put Nigeria on the world Read More…
Late drama in Europa League: West Ham and Marseille Triumph, Liverpool Stunned
West Ham United’s Lucas Paqueta emerged as the hero with a late goal, securing a 1-0 home win over Olympiakos Piraeus and maintaining their top spot in Europa League Group A. Despite a challenging performance, West Ham manager David Moyes reflected, “If I was being honest, I don’t think we made enough chances or opportunities, Read More…
All Naira banknotes valid for transactions – CBN
In response to cash scarcity concerns and public anxiety about the legitimacy of old Naira banknotes, the Central Bank of Nigeria (CBN) asserts that every banknote issued by them remains legal tender. The CBN, through Section 20(5) of the CBN Act, 2007, emphasises that all denominations of their banknotes should not be rejected. CBN branches Read More…
Emefiele granted bail by court
In a significant legal development, the embattled former Central Bank Governor, Godwin Emefiele, has been granted bail by the Federal Capital Territory High Court. Justice Olukayode Adeniyi made this ruling based on Emefiele’s application for the enhancement of his fundamental rights. Justice Adeniyi, in his ruling, expressed concern over the prolonged detention of Emefiele, stating, Read More…
Nigeria launches National Geospatial Data Repository and CRVS System for accurate population figures
In a significant stride towards precision in demographic data, President Bola Tinubu has inaugurated the National Geospatial Data Repository and Civil Registration and Vital Statistics System (CRVS) in Nigeria. The system aims to revolutionise the collection, processing, and management of vital statistics, providing real-time and accurate population figures. President Tinubu emphasised the importance of the Read More…