President Bola Tinubu has announced a new skills development programme that will train 5,000 young Nigerians as meter installers and technicians under the Presidential Metering Initiative (PMI), a move aimed at tackling Nigeria’s electricity metering gap while creating employment opportunities for young people. The President made the announcement in a statement shared on his verified…
Tech billionaire Elon Musk has shared a bold vision of the future, predicting that advances in artificial intelligence and robotics will eventually transform the global workforce by making paid employment optional. In a post on X, the Tesla and SpaceX CEO argued that the rapid evolution of AI, combined with increasingly capable robots, will reach…
Amazon is preparing to enter the satellite broadband market later this year as it moves closer to launching internet services through its Project Kuiper low Earth orbit (LEO) satellite network, positioning the company as a major competitor to SpaceX’s Starlink. The milestone follows Amazon’s latest satellite deployment, which saw 29 new satellites successfully launched into…
Prince Adeniyi Adeyemi, the man at the centre of the controversy surrounding the alleged Presidential Foreign Intervention Promotion Council (PFIPC), has denied any wrongdoing, insisting that he was lawfully appointed and is prepared to defend himself in court. Adeyemi, who has publicly identified himself as the Director-General of the disputed organisation, made the remarks during…
A new chapter in the evolution of digital payments is set to begin as Open Standard has announced Open USD (OUSD), a stablecoin initiative backed by more than 140 global companies, including industry leaders such as Visa, Mastercard, Stripe, BlackRock, Google and Coinbase. The ambitious project aims to create a more open and collaborative stablecoin…
Binance has reassured customers across the European Union that their digital assets remain secure as the Markets in Crypto-Assets (MiCA) regulatory framework officially takes effect across the bloc. The cryptocurrency exchange said users affected by the new regulations will continue to have access to essential account services, including withdrawals and eligible fund transfers, even as…
Real Madrid are reportedly considering a sensational move for Bayern Munich winger Michael Olise in what could become the most expensive transfer in football history if a deal materialises. According to reports from Spain, the Spanish giants are preparing a package worth €223 million for the France international, a figure that would surpass the €222…
The Nigeria Customs Service (NCS) has intercepted counterfeit medicines, illicit drugs and expired pharmaceutical products with a combined Duty Paid Value (DPV) of N53.39 billion at the Apapa Port in Lagos, marking one of the country’s largest anti-smuggling operations in recent years. The Comptroller-General of Customs, Bashir Adewale Adeniyi, announced the breakthrough during the official…
The Federal Government has announced plans to pursue compensation for businesses, vehicles and other properties abandoned by Nigerians who are voluntarily returning from South Africa amid rising concerns over anti-immigrant protests. Nigeria’s Acting High Commissioner to South Africa, Alexander Ajayi, disclosed the development during an interview on Channels Television’s The Morning Brief, revealing that the…
The World Bank has approved a fresh $1.25 billion loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, a move aimed at supporting economic reforms, stimulating private sector growth and creating more employment opportunities across the country. The approval was announced on Wednesday alongside the launch of the World Bank’s new…
