Federal Government May Pay Salaries and Welfare Through eNaira
The Central Bank of Nigeria plans to expand eNaira use under its Payments System Vision 2028, potentially enabling salaries, pensions, and welfare payments through the digital currency.
Category: Features
SpaceX Makes Historic Nasdaq Debut as Record-Breaking IPO Values Company at $1.77 Trillion
SpaceX has officially entered a new chapter in its history after making its highly anticipated debut on the Nasdaq stock exchange under the ticker symbol SPCX. The listing marks the largest initial public offering ever recorded, solidifying the aerospace giant’s position among the most valuable companies in the United States. The company raised an extraordinary…
Fraudulent NIN Registration Could Lead to Seven-Year Jail Term, ICPC Warns Enrolment Agents
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has issued a stern warning to enrolment partners working with the National Identity Management Commission (NIMC), stating that anyone found engaging in fraudulent National Identification Number (NIN) registration could face up to seven years in prison upon conviction. The warning was delivered during a security…
Tinubu Renames Kaduna Petroleum Institute After Shehu Musa Yar’Adua
President Bola Tinubu has approved the renaming and revitalisation of the Institute of Petroleum Studies in Kaduna as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology, in recognition of the late military officer and statesman’s contributions to Nigeria’s democratic development. The announcement was made during the president’s 2026 Democracy Day national…
Jeff Bezos Unveils $12 Billion AI Venture Prometheus, Predicts Artificial Intelligence Will Create a Labor Shortage
Jeff Bezos is making a bold return to the CEO spotlight with the launch of Prometheus, a groundbreaking artificial intelligence company that aims to transform engineering and manufacturing on a global scale. Alongside the launch, the Amazon founder is challenging one of the most common fears surrounding AI, arguing that the technology will ultimately create…
Elon Musk Becomes the World’s First Trillionaire After Historic SpaceX IPO
Elon Musk has officially entered uncharted financial territory, becoming the world’s first trillionaire following the highly anticipated public debut of SpaceX. The milestone was reached after SpaceX priced its initial public offering (IPO) at $135 per share, sending Musk’s net worth soaring beyond the $1 trillion mark. The achievement cements the billionaire entrepreneur’s position as…
Tinubu Urges Abuja Residents to Pay Taxes and Ground Rents as New Road Project Opens
President Bola Ahmed Tinubu has called on residents and business owners in the Federal Capital Territory (FCT) to fulfill their tax obligations, pay ground rents, and settle other statutory charges, emphasizing that government revenue is essential for sustaining infrastructure development across Abuja. The President made the appeal during the inauguration of the completed Arterial Road…
June 12: Federal Government Declares Friday Public Holiday to Mark Democracy Day 2026
The Federal Government of Nigeria has declared Friday, June 12, 2026, a public holiday to commemorate this year’s Democracy Day, a national occasion dedicated to celebrating the country’s democratic journey and honoring those who played a role in securing democratic governance. The announcement was made by Nigeria’s Minister of Interior, Olubunmi Tunji-Ojo, through a statement…
268 Nigerians Evacuated from South Africa Arrive Home Amid Rising Xenophobia Concerns
The Nigerian government has begun the process of receiving citizens evacuated from South Africa following recent incidents of xenophobic violence that have raised concerns about the safety of foreign nationals living in the country. A total of 268 Nigerians are expected to arrive in Lagos as part of the first batch of returnees under a…
Senate Orders Arrest of Former NNPCL Boss Mele Kyari Over N210 Trillion Audit Queries
Nigeria’s Senate has intensified its investigation into the finances of the Nigerian National Petroleum Company Limited by ordering the arrest of former Group Chief Executive Officer Mele Kyari following his failure to appear before the Senate Committee on Public Accounts. The committee is currently examining a series of audit queries relating to the company’s financial…
