Federal Government to Deploy 10,000 Electric Tricycles Nationwide in Major Push for Sustainable Transportation

The Federal Government of Nigeria is set to launch 10,000 electric tricycles across the country beginning in August, marking a significant step toward modernizing public transportation, reducing mobility costs, and promoting cleaner energy solutions. The announcement was made by Vice President Kashim Shettima during a meeting with members of Transporters for Tinubu/Shettima 2027 at the…

Dangote Revives Olokola Free Trade Zone Project, Unveils Plans for Major Industrial Hub in Ondo State

President of the Dangote Group, Aliko Dangote, has reaffirmed his commitment to developing a large-scale industrial and free trade zone in Olokola, located in Ilaje Local Government Area of Ondo State, signaling a significant boost to Nigeria’s industrialization and economic development efforts. The renewed investment plan was unveiled during Dangote’s visit to Governor Lucky Aiyedatiwa…

NCC Begins First Major Telecom Pricing Review in Eight Years Amid Industry Transformation

The Nigerian Communications Commission (NCC) has launched a comprehensive review of Nigeria’s telecommunications pricing framework, marking the first major reassessment of industry tariffs in nearly a decade. The review, being conducted in partnership with global consulting firm KPMG, officially commenced during a Mobile Termination Rate (MTR) stakeholder forum held in Lagos. The exercise brings together…

Nigerian Banks Earned ₦224.69 Billion from Electronic Banking and ATM Charges in Q1 2026

Nigerian banks generated a remarkable ₦224.69 billion from electronic banking services and ATM/card-related charges during the first quarter of 2026, highlighting the growing role of digital transactions in the country’s financial sector. The figure, compiled from the unaudited financial statements of 11 listed banks, represents a 12.56 percent increase from the ₦199.61 billion recorded during…

Nvidia Raises $25 Billion in Major Bond Offering as AI Expansion Accelerates

Artificial intelligence giant Nvidia has announced plans to raise $25 billion through a U.S. bond offering, marking its first return to the investment-grade debt market since 2021 and underscoring the company’s commitment to maintaining its leadership position in the rapidly evolving AI industry. The bond issuance exceeded initial expectations after strong investor demand prompted the…