President Bola Tinubu has approved the cancellation of $1.42 billion and N5.57 trillion ($3.85 billion) in debts owed by state oil firm NNPC Ltd to the government, the Presidency said on Monday. The decision is part of Tinubu’s push to clean up NNPC’s books and boost transparency as Africa’s top oil producer deals with weak…
State-owned energy company of top African oil producer Nigeria, the Nigerian National Petroleum Company (NNPC) Limited plans to sell stakes in some of its oil and gas assets and has called for bids, according to an invitation document seen on Monday. NNPC owns some assets outright and others in partnership with international oil companies, including…
The Federal Inland Revenue Service (FIRS) has clarified that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) has automatically become the Tax Identification Number (Tax ID) for individual Nigerians under the new tax framework. NIN is a unique number issued by NIMC. Data released by the National Identity Management Commission…
The Bureau of Public Service Reforms (BPSR) has named the Nigerian Communications Commission (NCC) among the top three Ministries, Departments and Agencies (MDAs) of the Federal Government with the Best Ranking in Website Performance for 2025. This is coming barely three weeks after the telecom regulator was recognized as one of the top five best-performing…
The African Telecommunications Union (ATU) said it is working to harmonize spectrum management policies, regional standards, and open data practices, adding that true progress relies on large-scale support. Its Secretary General, John Omo, who spoke virtually during the announcement of successful completion of Qualcomm Technologies Incorporated’s third annual Make in Africa (QMIA) Startup Mentorship Program,…
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…
Ekiti State Government has approved the dismissal of a surgeon who carried out a surgical procedure leading to the removal of the kidney of one Mr Joshua Afolayan at the Ekiti State University Teaching Hospital (EKSUTH). Mr Afolayan had claimed that he was unaware that the surgical procedure would lead to the removal of his…
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…
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…
