Kogi: 60 Directors Vie for 12 Permanent Secretary Positions. No fewer than 60 senior directors have been shortlisted to compete for 12 Permanent Secretary positions in the Kogi State Civil Service. These directors are scheduled to take an examination, with…
CBN Sells $876.26m at N1,495 in Retail Auction. The Central Bank of Nigeria (CBN) sold $876.26 million to end users via 26 banks in a retail auction on Wednesday, aiming to support the naira. Total bids reached $1.18 billion, but…
“Naira Crude Transactions Hampered by Dollar Fees” The Nigerian government’s push to sell crude oil in naira is facing significant challenges due to the industry’s dollar-denominated regulatory and royalty fees. Although Nigeria’s oil transactions are usually conducted in US dollars,…
Naira strengthens to 1596 as CBN under Cardoso sells record dollars The naira strengthened to N1596 per US dollar in official trading as the Central Bank of Nigeria (CBN) sold $876.26 million in a retail auction, the largest under Governor…
Navy chief: Nigeria’s oil output reaches 1.7mbpd due to crackdown on theft. Nigeria’s oil output has risen to between 1.6 and 1.7 million barrels per day (bpd) due to intensified security measures targeting crude oil theft, according to Emmanuel Ikechukwu…
$10 Billion Port Upgrades Launched Despite Cargo Drop. State governments and private investors are injecting over $10 billion into new seaport projects in Nigeria, despite a decline in cargo volumes and ship traffic. Key projects include the $4.2 billion Ibom…
NLNG Dividend Falls 43% as Gas Supply Issues Persist. Nigeria’s revenue from Nigeria Liquefied Natural Gas (NLNG) has dropped 43% due to ongoing gas supply constraints. The federal government’s actual revenue from NLNG was N46.2 billion in 2023, significantly below…
CBN’s N700bn Aid Leads to Unity-Providus Bank Merger The Central Bank of Nigeria (CBN) has approved a N700 billion bailout to support the merger between Unity Bank and Providus Bank. This financial assistance is crucial for addressing Unity Bank’s obligations…
X faces pressure to curb Grok chatbot’s election misinformation. The controversy centers around X’s AI-powered chatbot, Grok, which has been accused of spreading false information about Vice President Kamala Harris’s eligibility for the 2024 U.S. presidential ballot. This misinformation was…
India’s EtherealX has secured $5M in seed funding to develop fully reusable launch vehicles. EtherealX, an Indian space startup, has raised $5 million in seed funding to develop fully reusable medium-lift launch vehicles. Founded in 2022, the company aims to…
GrubMarket Takes Over Good Eggs. GrubMarket, valued at $3.5 billion, has acquired the struggling fresh food delivery startup Good Eggs in an all-stock deal. The acquisition was initiated by Good Eggs’ investors seeking an exit. Good Eggs, once valued at…
“Asake Explains Why Wizkid Track Opens His Latest Album” Singer Asake has shared a heartwarming revelation about why he chose to feature his track with Wizkid as the opening song on his upcoming third album, “Lungu Boy.” The album’s tracklist,…
Comedian Sabinus’ response to choosing between Burna Boy and Davido Nigerian comedian Sabinus, known for his witty skits, recently stirred up a buzz with his participation in a viral musical favorites game. During a car conversation with a fellow content…
Ayra Starr’s Outfit at Barbados Carnival with Rihanna Sparks Reactions (Video) Ayra Starr’s recent appearance at the Barbados Carnival with Rihanna has stirred a range of reactions on social media. In the video, Starr is seen in revealing attire, which…
Husband of the Year” – Man Braids Wife’s Hair, Saves N350k. A Nigerian man has captivated hearts online with a viral video showcasing his love and care for his wife. In the heartwarming clip, he is seen plaiting his wife’s…