As of October 2023, Lagos, one of Nigeria’s 36 states, has earned an “Excellent” rating in the Institute of Chartered Accountants of Nigeria (ICAN) Accountability Index, setting the bar high for audit compliance among the nation’s states. The ICAN Accountability Index, established by the Institute of Chartered Accountants of Nigeria, serves as a comprehensive evaluation Read More…
Renowned entrepreneur and innovator Elon Musk announced on Sunday that his artificial intelligence startup, xAI, will soon become an integral part of his social media platform, X. Simultaneously, xAI will be offered as a standalone application, expanding its accessibility to users. Musk’s unveiling of this development came through a post on his platform. Moreover, Musk, Read More…
President Bola Tinubu has reaffirmed his administration’s dedication to providing crucial support for Micro, Small, and Medium Enterprises (MSMEs) to help them realize their full potential and ensure their sustained success. This commitment was reiterated during the 2023 Edition of the Lagos International Trade Fair (LITF) organised by the Lagos Chamber of Commerce and Industry Read More…
U.S. Trade Representative Katherine Tai expressed the United States’ intention to develop a “more useful and effective” trade programme with Africa as negotiations are currently underway to revamp a two-decade-old duty-free initiative. The African Growth and Opportunity Act (AGOA) is set to expire in September 2025. AGOA grants qualifying countries duty-free access to the U.S. Read More…
In an era marked by the rapid evolution of artificial intelligence (AI), governments worldwide are grappling with the task of creating effective regulations to govern the technology’s use. Notably, Microsoft-backed OpenAI’s ChatGPT has contributed to the complexity of this issue, prompting various national and international governing bodies to take action. Australia is addressing the prevention Read More…
Governor Babajide Sanwo-Olu of Lagos State signed Executive Order 3 on Friday in Ikeja, officially establishing the Lagos International Financial Centre (LIFC) Council. This council will play a crucial role in forging strategic partnerships that will enhance the economic prosperity of Lagos State and Nigeria. During the inauguration of the council, Governor Sanwo-Olu emphasised that Read More…
Ikeja Electric (IE) celebrated its 10th anniversary by announcing the successful deployment of 830,292 meters to its customers over the past decade. The statement, released on Friday in Lagos by Mr. Kingsley Okotie, Head of Media Communication, quoted the company’s Chief Executive Officer, Mrs. Folake Soetan, as she highlighted this achievement during the event. Soetan Read More…
In a significant development, Nigerian lawmakers have given their approval for President Bola Tinubu’s $2.8 billion supplementary budget, despite the inclusion of provisions that have sparked outrage among the country’s citizens. This supplementary budget includes allocations for new bulletproof vehicles for the president and his wife, a presidential yacht, official vehicles for the first lady’s Read More…
It has been revealed that Nigeria’s state oil corporation, NNPC Ltd, is set to provide the Dangote oil refinery with crude oil for testing purposes in a groundbreaking deal. This landmark agreement, exclusively reported by Reuters, marks a pivotal moment in the development of the 650,000 barrel-per-day Dangote oil refinery, funded by Africa’s wealthiest individual, Read More…
As local and foreign stakeholders countdown to the Sixth Nigerian Diaspora Investment Summit, it is essential to underscore the criticality of the contributions of our kin outside the homeland but with their hearts at home. Diaspora investments in Nigeria’s trying times are imperative for several reasons. Diaspora remittances constitute a significant source of foreign exchange Read More…
