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Nigeria, others require $100b in refining investment as oil demand soars

Nigeria and other African countries’ crude oil demand is set to more than double to 4.5 million barrels per day (bpd) by 2050 and will need more than $100 billion in investment in refining over the next decades, according to the African Refiners and Distributors Association (ARDA).    Thanks to population growth, urbanization, and industrialization, Africa’s…

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New Horizons CEO lauds IT media for success, support

The Chief Executive Officer, New Horizons, Mr. Tim Akano, has lauded the important roles the Information Communication Technology (ICT) media has been playing in influencing the direction of developments in the sector by setting agenda for policy makers. He spoke during the annual end-of-year meeting of the Nigerian Information Technology Reporters’ Association (NITRA), held on…

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OAU, Baptist Day School honour New Horizons CEO

Renowned entrepreneur, technologist, and philanthropist, Mr. Tim Akano, has been honoured with two Distinguished Alumnus Awards by Obafemi Awolowo University (OAU), Ife, and Baptist Day School, Oluponna, in recognition of his outstanding contributions to education, mentorship, technology, innovation, and community development at large. Both awards were conferred in November 2025, and this mark a significant…

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Ekiti pledges support to youth-driven agric, shares N1b to 4,657 farmers

Ekiti State government pledged continued support to youth -driven agricultural initiatives through access to land, improved inputs, extension services mechanization, market linkages and partnership with the private sector. The state governor, Mr Biodun Oyebanji gave the pledge during the presentation of cheques totaling N1billion as profits made by the young farmers under the Bring Back…

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UBA boosts Lagride’s operation with $100m cash

Lagride has secured a $100 million financing facility from United Bank for Africa (UBA) to expand its Drive To Own programme and enable 3,500 Lagos drivers to transition from daily earners into long-term asset owners, business operators and mobility investors. The partnership strengthens Lagos State’s transportation ecosystem and accelerates the shift toward a structured, technology-enabled…

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Govt unveils SmartGov BETA, Nidi Anambra’s gateway to access govt’s services

Anambra State has taken another intentional step in digital governance with the BETA launch of SmartGov (https://smart.anambrastate.gov.ng), its digital government services platform designed to simplify how citizens access its over 31 public services anytime and anywhere. SmartGov is powered by Artificial Intelligence (AI), enabling citizens to interact with government through natural conversations rather than complex…

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Reps give CBN Jan 19 deadline to reconcile with Finance Ministry, FRC

The House of Representatives Committee on Public Accounts has given the Central Bank of Nigeria (CBN) till January 19, 2026 to conclude all ongoing reconciliation with the Ministry of Finance and the Fiscal Responsibility Commission (FRC) over alleged unremitted revenues into the Federal government Account. Chairman of the Committee, Bamidele Salam, gave the directives yesterday…

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