The Federal Government of Nigeria is set to achieve over 60 percent savings in diesel costs following the successful retrofitting of its train locomotives to operate on a dual-fuel system. This achievement is a major stride toward reducing operational expenses in the rail sector and promoting the use of cleaner energy. Saidu Alkali, Nigeria’s Minister…
The Committee on Consequential Adjustments in Salaries for civil servants has reached a consensus on the implementation date for the new national minimum wage, which is set to take effect from July 29, 2024. This decision was outlined in a Memorandum of Understanding (MoU) issued after the committee’s meeting, a copy of which was obtained…
The Olokola LNG project, located in Ogun State, is valued at an estimated $9.8 billion, while the Brass LNG project in Bayelsa State is projected to cost $20 billion.
Ukraine on Friday imposed restrictions on the use of Telegram by government, military, and security officials, citing significant concerns over national security risks associated with the popular messaging app, which was created by Russian-born Pavel Durov. Ukrainian authorities warned that the Russian government could potentially gain access to sensitive personal data and communications transmitted via…
The Nigerian Communications Commission (NCC) has announced that it is taking steps to harness the 6GHz spectrum in a bid to significantly enhance internet speeds across the country. This development was revealed on Thursday by the Executive Vice Chairman (EVC) of the Commission, Dr. Aminu Maida, during a Stakeholders’ Consultative Forum on Emerging Technologies held…
The Nigerian presidency has provided clarification regarding Coca-Cola’s decision to withdraw its $1 billion investment pledge, initially made in 2021. In a statement released on Thursday, Bayo Onanuga, Special Adviser to the President on Information and Strategy, addressed reports suggesting that Coca-Cola had failed to honor its previous investment commitment to Nigeria. Onanuga explained that…
According to a report by TEAMtalk, Chelsea have finally run out of patience with their £89 million (€105m/$109m) signing, Mykhailo Mudryk, and are preparing to offload the winger during the upcoming January transfer window. The Ukrainian international has struggled to make an impact this season, managing just 61 minutes of game time in the Premier…
The Central Bank of Nigeria (CBN) has announced plans to expand the use of its digital currency, eNaira, to facilitate payments into government accounts and streamline transactions for Ministries, Departments, and Agencies (MDAs). This initiative will enable MDAs to manage vendor and beneficiary payments using the eNaira, marking a significant step toward integrating digital currency…
Binance, the global cryptocurrency trading platform, has identified two key conditions that must be fulfilled before it can consider registering under the Nigerian Securities and Exchange Commission’s (SEC) special framework program for Virtual Asset Service Providers (VASPs). This program is designed to regulate crypto platforms operating in Nigeria. Binance’s stance comes in response to the…
According to the platform’s leadership, World Liberty Financial will enable users to lend and borrow cryptocurrencies directly from one another, bypassing traditional financial institutions.
