News

African leaders pledged more than $50 billion to improve electricity access throughout the continent during the recent Africa Electricity Summit in Dar es Salaam, Tanzania. The "Mission 300" project, which...

US President Donald Trump presented an unexpected plan Wednesday to jail thousands of undocumented migrants in Guantanamo Bay, diverting attention away from the White House's abrupt action to suspend federal...

The unified foreign exchange regulation has had the anticipated outcomes, with remittances through International Money Transfer Operators reaching $4.18 billion in the first three quarters of 2024, compared to $2.33...

The Nigeria Inter-Bank Settlement System (NIBSS) has reported a considerable growth in instant payment transactions, with a total value of N1.07 quadrillion in 2024, up 78% from N600.36 trillion in...

Over the past ten years, Nigerian e-commerce has undergone a major shift driven by the country's expanding digital economy, increasing internet penetration, and mobile phone usage. The internet marketplace has created...

Moniepoint Inc., a leading financial services platform in Africa, has launched the DreamDevs Program, targeting recent Nigerian graduates in engineering and computer science. This initiative offers participants hands-on training with...

The African Development Bank (AfDB) has granted Nigeria a $1.1 billion loan to supply energy to 5 million people by the end of 2026. Adebayo Adelabu, the Minister of Power,...

The Naira rose to N1,640 per dollar in the parallel market today from N1,655 per dollar on Monday. Similarly, the Naira rose to N1,526.3 per dollar on the official foreign...

The Nigerian Safety Investigation Bureau, or NSIB, has initiated an investigation into the incident involving a Boeing 737-400 aircraft registered 5N-MBD and operated by Max Air. The incident occurred on...

Alibaba, the Chinese tech behemoth, has developed Qwen 2.5, an updated AI model that it says surpasses top open-source models such as DeepSeek-V3. "Qwen 2.5-Max outperforms..." Alibaba's cloud unit announced...