Move over, Silicon Valley—Lagos is making history! In a groundbreaking report by Nairametrics, Nigeria’s economic powerhouse has been officially recognised as the fastest-growing tech ecosystem in the world for 2025. What’s fueling this meteoric rise? The city’s relentless innovation, a thriving startup scene, and—most notably—five unicorn companies that have shattered expectations, each boasting a valuation Read More…
A major environmental controversy has erupted in Memphis, Tennessee, USA, as Colossus, the world’s largest AI training supercomputer developed by Elon Musk’s company, xAI, faces backlash over its impact on local communities. While the facility is positioned as a technological breakthrough, residents of Boxtown, a historically Black and economically disadvantaged neighborhood, argue that Musk’s project Read More…
In a bold move set to redefine personal digital assistance, Meta has launched its first standalone AI application. In an announcement on his Facebook platform on Tuesday, Meta founder Mark Zuckerberg introduced the app as an innovative tool that builds on the company’s extensive use of AI across its platforms. He excitedly declared, “There’s almost Read More…
In a bid to stabilise global trade amidst rising tensions fueled by U.S. President Donald Trump’s tariff policies, the European Union has taken an assertive stance, advocating for a 0% tariff regime. The EU, alongside nations like Vietnam, argues that eliminating tariffs on both sides could lead to a more balanced and frictionless trading system. Read More…
Telecommunications operators in Lagos State have reported significant losses amounting to ₦5 billion in 2024, attributed to over 2,500 fibre cuts across the state. This alarming revelation was made during the 7th edition of the Policy Implementation Assisted Forum (PIAFo), themed “Strengthening Protection of Critical Information Infrastructure through Proactive Implementation and Strategic Coordination.” The high-risk Read More…
The Nigerian Communications Commission (NCC) announced on January 20, 2025, that it has approved tariff adjustments for telecommunications operators in response to prevailing market conditions. This is the first adjustment since 2013, marking a significant move aimed at balancing telecom consumer interests and industry sustainability. The NCC’s decision comes under the authority vested in Section Read More…
Dangote Petroleum Refinery has addressed the recent increase in petrol prices, attributing it to the sharp rise in global crude oil prices. Anthony Chiejina, Group Branding and Communications Officer emphasised that the refinery’s ex-depot price adjustment from ₦899.50 to ₦950 per litre is a direct response to the 15% surge in Brent Crude prices, which Read More…
The Transmission Company of Nigeria (TCN) has refuted reports of a national grid collapse today, attributing the power disruption to the tripping of transmission lines. “The nation’s grid did not experience any collapse today, contrary to the widely published misinformation in the media,” said Ndidi Mbah, General Manager, Public Affairs. Earlier today, at about 13:41 Read More…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted claims circulating in some media outlets that the Old Port Harcourt Refinery, which resumed operations two months ago, has been shut down. According to NNPC Ltd., the refinery is fully operational and preparations for the day’s loading operation are currently ongoing. Olufemi Soneye, Chief Corporate Read More…
