A fintech company, payZeep, has announced an initiative to subsidize mobile data costs for e-hailing drivers, under the umbrella of the Amalgamated Union of App-Based Transporters of Nigeria (AUATON). The initiative is a response to the growing alarm over skyrocketing mobile data expenses raised by members of AUATON. Although, there is already an existing collaboration…
The global crude oil market continues its turbulent descent, driven largely by the unpredictable tariff regime of United States (U.S) President Donald Trump, with rippling effects now hammering Nigeria’s oil-dependent economy, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Speaking at the State House yesterday during the Meet-the-Press series organised by the…
Chairman Senate Committee on Solid Minerals Development, Senator Ekong Sampson, has said the 10th Senate will closely monitor and ensure judicious use of the N1 trillion earmarked in the 2025 budget to revive and boost the solid minerals’ sector. Senator Sampson, representing Akwa Ibom South spoke yesterday while on an oversight to Mining Sites in…
Nigeria has officially gazetted its Provisional Schedule of Tariff Concessions (PSTCs) under the African Continental Free Trade Area (AfCFTA), marking a major milestone in the country’s commitment to regional integration and trade facilitation across Africa. Announced by the Minister of Industry, Trade and Investment, Jumoke Oduwole, via her official X handle yesterday, the development makes…
The Federal Government and Trinidad and Tobago have signed Bilateral Air Service Agreement to boost trade, tourism and air connectivity. The Minister of Aviation and Aerospace Development, Festus Keyamo and his counterpart, the Minister of Works and Transport, Rohan Sinanan signed the agreement on behalf of both countries at the Piarco International Airport, Trinidad and…
The Securities and Exchange Commission (SEC) has warned the public that it is illegal to use unregistered digital investment platforms, as concerns mount over the rising popularity of such platforms. This renewed stance by the Commission follows social media uproar surrounding the operations of CBEX, a digital asset platform currently under scrutiny for allegedly freezing…
Nigeria has emerged leader in local rice production in Africa, beating countries such as Madagascar, Egypt, Tanzania, Guinea, Mali, Cote d’Ivoire and others. With 8.7million tons, the country had the highest volumes of production last year while Madagascar and Egypt followed with five million tons production respectively totaling a combined 45per cent share of the…
The Rural Electrification Agency (REA), in partnership with the Lagos State government, is set to launch Nigeria’s first floating solar power plant, a landmark project to bridge the energy gap in the state. Unveiled during the Lagos Energy Summit, the initiative is part of a broader collaboration with the REA, culminating in the signing of…
Nigeria’s Power Generation Companies (GenCos) has threatened shutdown of operations due Federal Government’s failure to settle over N4 trillion invoices. This was contained in a press statement the GenCos Board of Trustees (BoT), Chairman, Col Sani Bello (rtd) issued in Abuja. The statement said the GenCos are constrained to issue the press release to “draw…
