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Expert reveals “real reason” behind Dangote’s deployment of 4,000 CNG trucks

Aliko Dangote, Africa’s wealthiest businessman and President of Dangote Group, made headlines with the deployment of 4,000 Compressed Natural Gas (CNG)-powered trucks to distribute petroleum products across Nigeria.

The National Drug Law Enforcement Agency (NDLEA) says it has destroyed a 30-hectare cannabis sativa (Indian hemp) plantation located in a forest in the Odukpani Local Government Area of Cross River State.

The shareholders of the African Export-Import Bank (Afreximbank) have appointed a Cameroonian, Dr. George Elombi, as the next President and Chairman of the Board of Directors of the continental financial institution.

The Central Bank of Nigeria (CBN) has warned Nigerian banks and fintechs to be wary of cybersecurity risks as they move into open banking.

The passage of four tax reform bills into law by President Bola Tinubu has sparked optimism among investors, with billionaire businessman Femi Otedola expressing his intention to invest more in the Nigerian economy.

Nigeria’s total public debt rose to N149.39 trillion as of March 31, 2025, marking a year-on-year increase of N27.72 trillion or 22.8% when compared to the N121.67 trillion recorded in the corresponding period of 2024.

In this exclusive interview with Nairametrics, the Managing Director, Africa at digital infrastructure provider firm, Vertiv, Wojtek Piorko, shares insights into the current state of Nigeria’s data centre ecosystem, the opportunities and challenges shaping its future, and how Vertiv is supporting the continent's digital transformation from edge computing to sustainable AI infrastructure.

This article is a breakdown of the top 10 Nigerian states with the highest public debt stock in 2024 and how they compare year-on-year.

Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the African Export-Import Bank (Afreximbank) has provided over $50 billion in financing to Nigeria for major projects.

The Group Chairman of Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga has praised the President/Chief Executive, Dangote Group,  Aliko Dangote, for his substantial contributions to the Nigerian capital market and private sector development.

The outgoing President and Chairman of the Board of Directors of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has disclosed that the bank has so far supported the Dangote Refinery and Petrochemical Industry with “over $4 billion” in interventions. He made this disclosure during his closing speech on Friday at the Afreximbank 32nd Annual […]

The Federal Government, through the Nigerian Consumer Credit Corporation (CREDICORP), in partnership with Sytiamo Technologies, has launched an inventory finance scheme targeting 10,000 market women across 224 markets in Nigeria

In Episode 25 of Drinks & Mics, banking OG Chika Mbonu joins Ugodre, Tunji, and Arnold for a no-holds-barred session breaking down one of the strangest weeks in global and Nigerian markets. Despite a dramatic flare-up between Iran and Israel, oil prices cooled instead of spiking. At the same time, the dollar dipped, the Naira […]

Cuba has announced the extension of physical tourist card validity until December 31, 2025, giving travelers time to adjust to the country’s new electronic visa (e-Visa) system, which launched in July 2024.

Alhaji Aminu Alhassan Dantata, one of Nigeria’s most respected businessmen and philanthropists, has died at the age of 94.

The Lagos State Government has directed the immediate reopening of the Oko-Oba Abattoir in Agege, following substantial compliance by operators with sanitation and hygiene standards previously violated.

President Bola Tinubu, on Friday, urged African countries to embrace the Pan-African Payment and Settlement System (PAPSS) for deeper financial integration across the continent.

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The Nigerian All-Share Index closed the trading session of June 27, 2025, in negative territory, falling by 776.92 points to settle at 119,995.76.

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Meta Platforms Inc., the parent company of Facebook and Instagram, is in advanced talks with major private capital firms to raise as much as $29 billion to finance its aggressive expansion into artificial intelligence (AI) infrastructure.

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President of the Dangote Group, Aliko Dangote, has announced a bold plan to make Africa self-sufficient in fertilizer supply within 40 months.

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President Bola Tinubu will embark on a diplomatic visit to Saint Lucia and Brazil to strengthen Nigeria’s ties with the Caribbean and engage with world leaders at the 17th BRICS Summit in Rio de Janeiro.

A new federal policy by the United States is set to reshape how employers respond to changes in their workers’ immigration status and may leave thousands of immigrant employees vulnerable to abrupt dismissal.

Australia is projected to face a shortfall of 250,000 skilled workers in finance, technology, and business (FTB) roles by 2030, as workforce demand surges and the education system struggles to keep pace.

The government of Vietnam is set to decentralize work permit and immigration processes for foreign professionals who have plans to get into its labor system, beginning July 1, 2025.

Former President Olusegun Obasanjo has said the inability of many African leaders to grasp basic economic principles continues to hold the continent back from meaningful development, warning that the pattern of mismanagement and dependence on aid is unsustainable.

Ahead of the Africa Social Impact Summit (ASIS) 2025, scheduled for July 10 and 11 in Lagos, co-conveners Sterling One Foundation and the United Nations in Nigeria held a high-level press briefing at the United Nations House in Abuja. The event brought together development partners, policymakers, and the media to outline expectations for the upcoming […]

Nigeria’s Buy Now, Pay Later (BNPL) market is projected to grow by over 83% in the next six years, reaching a market value of $2.61 billion by 2030, up from $1.42 billion in 2024.

The Kaduna State Government has entered into a N1 billion partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to strengthen the growth of Micro, Small, and Medium Enterprises (MSMEs) across the state.

The Federal Government has introduced a National Flood Insurance Policy (NFIP) to provide a financial safety net for individuals, businesses, and communities frequently affected by flooding across Nigeria.

The National Biosafety Management Agency (NBMA) has announced plans to incorporate QR codes, blockchain technology, and artificial intelligence (AI) into its genetically modified organisms (GMOs) regulatory processes in Nigeria.

Cybercrime is emerging as a dominant security concern across Africa, with more than 30% of all reported crimes in Western and Eastern regions linked to cyber activity.

The National Information Technology Development Agency (NITDA) has introduced a Digital Competence Framework and Career Progression Model designed to enhance ICT capacity and retain skilled professionals within the civil service.

Nigeria’s Buy Now, Pay Later (BNPL) market is projected to grow by over 83% in the next six years, reaching a market value of $2.61 billion by 2030, up from $1.42 billion in 2024.

The National Drug Law Enforcement Agency (NDLEA), Nasarawa State Command, says it arrested 650 suspects for drug-related offences and seized 6,633.667 kilogrammes of illicit substances between July 2024 and June 2025.

The Nigerian Labour Congress (NLC) says it will shut down Abuja after President Bola Tinubu concludes his July 3 project inaugurations, in response to months of unresolved wage-related issues and other council staff across the six area councils in the Federal Capital Territory (FCT).

The Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB) has announced a revision to the recruitment schedule for four major paramilitary agencies under its supervision.

Salesforce CEO Marc Benioff has revealed that Artificial Intelligence (AI) now performs between 30% and 50% of the work at the San Francisco-based software giant.

The ambitious $5 billion funding target for Nigerian startups set by the Minister of Communications, Innovation, and Digital, Dr. Bosun Tijani, is becoming infeasible with the continuous decline in funds attracted by the country’s innovators in recent times.

The Federal Government, in collaboration with the European Union (EU), United Nations Children’s Fund (UNICEF), and other partners, has inaugurated a N21.7 billion Sustainable Social Protection System in Nigeria (SUSI).

Qoray, one of Nigeria’s leading providers of electric mobility solutions, has announced the official launch of a new electric vehicle (EV) charging station located at the prestigious Marriott Hotel in Ikeja. Situated within Car Park B2, this new installation is now fully operational and accessible to the public, offering a reliable and convenient charging point […]

The Nigeria Immigration Service (NIS) has strengthened bilateral ties with the Government of the Netherlands to advance NIS migration management tools and improve border control systems.

PayTV operator, Multichoice Nigeria, has slashed its decoder price by 50% from N20,000 to N10,000 in a strategic move to woo more customers and stem the tide of declining subscribers.

The National Identity Management Commission (NIMC) is set to deploy Youth Corps members to fast-track the enrolment of more Nigerians into the National Identification (NIN) database.

The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, has announced a N3 billion support from MTN Nigeria for the government’s 3 Million Technical Talent (3MTT) initiative.

The Nigeria Customs Service (NCS), Western Marine Command (WMC), has announced the seizure of various contraband items with a Duty Paid Value (DPV) of N352 million between April 24 and June 24, 2025.

The Nigeria Customs Service, Federal Operations Unit (FOU) Zone C in Owerri, has said it intercepted 13.6 kilograms of dry donkey skin worth N3.6 billion in the Imo State capital.

Six Nigerian startups have been selected for the 2025 Google for Startups Accelerator: Africa, as the global tech giant unveiled its latest cohort of 15 AI-driven ventures shaping Africa’s digital future.

The Lagos State Government has launched the Lagos Identity Project, a digital house-numbering system designed to enhance property identification, service delivery, and urban planning across the state.

The U.S. House of Representatives has banned WhatsApp, the popular messaging platform owned by Meta Platforms, from all official government-issued devices, citing data security concerns.

Nigerian HR-tech startup, PaidHR, has announced the successful close of a $1.8 million seed round, led by Accion Venture Lab with participation from existing investors Zrosk, Chui Ventures, and Zedcrest Capital.

On-demand delivery platform Chowdeck has announced the acquisition of Mira, a fast-growing provider of modern point-of-sale (PoS) solutions tailored to the food and hospitality industry.

Nigerian fintech apps have crossed the 10 million download threshold on the Google Play Store, with one, Opay, surpassing 50 million downloads, as of May 2025.

This article explains why it is difficult for young Nigerians to save and what fintechs must do to fix some of the issues.

A new report by research firm SBM Intelligence has highlighted gaps in the handling of Nigeria’s telecommunications sector under the leadership of Dr. Bosun Tijani, Minister of Communications, Innovation and Digital Economy, raising concerns about the disconnect between the Ministry’s digital ambitions and ground-level realities.

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The Actors Guild of Nigeria (AGN) has announced plans to launch a mobile application as part of a broader strategy to modernise operations, enhance digital access for members, and strengthen global connections across the Nigerian film industry.

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Music streaming platform, Spotify, has expressed concerns over rising cases of artificial streams on the platform, with a warning that artists caught will lose their earnings.

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Streaming giant Netflix has increased its subscription prices in Nigeria for the first time in 2025, marking its third price hike since 2024. The Premium Plan now costs N8,500 per month, up from N7,000, a 21.43% jump. The latest update on the company’s website also shows that the Standard Plan (HD quality and multi-screen support) […]

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Mission: Impossible- The Final Reckoning 8, and reportedly the final installment in the long-running franchise, has made a strong impact in Nigerian cinemas, grossing over N203.7 million in just its second week of release.

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The latest chapter in the iconic Mission: Impossible franchise, Mission: Impossible – The Final Reckoning, has launched with remarkable success in Nigerian cinemas, grossing N123 million during its opening week.

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Ryan Coogler’s psychological thriller Sinners continues to break records in Nigeria, grossing over N710 million at the box office after six weeks of release, according to Nigerian box office data.

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The Lagos State Government has revealed that it spent about N8.5 billion to sponsor over 143 festivals and events within the past year.

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MultiChoice Group has appointed Dr. Busola Tejumola as its new Executive Head of General Entertainment Channels, a move seen as a strategic step in strengthening its African content leadership across the DStv and GOtv platforms.

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Muyiwa Ademola’s Ori: The Rebirth has crossed a major milestone at the Nigerian box office, grossing N315.8 million within just four weeks of release.

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Sarah Oyinkansola Aderibigbe, popularly known as Ayra Starr, has officially passed 1 billion total views on YouTube, making her the first Nigerian female artist to reach this record.

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Marvel Studios’ latest cinematic release, Thunderbolts, continues to gain momentum at Nigerian cinemas, grossing N24.1 million over the weekend of May 16–18.

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Ryan Coogler’s latest film, Sinners, has hit a major milestone in Nigerian cinemas, earning over N600.7 million and drawing more than 100,000 admissions nationwide. The film now ranks as the 10th highest-grossing title of all time in the country, according to the Nigerian Box Office. The film, which premiered in Nigerian cinemas on April 18, […]

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Billionaire investor Bill Ackman is stepping down from the board of Universal Music Group N.V., the world’s largest music company, as he shifts focus to growing responsibilities at Pershing Square and a new leadership role at Howard Hughes Holdings.

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Sinners, the American horror-musical drama directed by Ryan Coogler and starring Michael B. Jordan, has emerged as a runaway success in Nigerian cinemas, grossing N567.4 million after four weeks on screens.

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The 11th edition of the Africa Magic Viewers’ Choice Awards (AMVCA), held on Saturday, May 10, celebrated the best in African film and television with Femi Adebayo’s Seven Doors emerging as one of the night’s biggest winners. The film took home three major awards: Best Music Score, Best Lead Actor, and Best Lead Actress, marking […]

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The African Export-Import Bank (Afreximbank), through its development impact investment arm, the Fund for Export Development in Africa (FEDA), has launched a $1 billion Africa Film Fund to revolutionise the continent’s film and creative industry.

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The Yoruba-language film Ori: The Rebirth grossed N97.8 million during its opening weekend, making it one of the most successful debuts for a locally produced movie this year.

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Ryan Coogler’s psychological thriller ‘Sinners’ has officially crossed the N400 million mark at the Nigerian box office, raking in a total of N445.9 million after just three weeks in cinemas. The film continues to dominate local charts, maintaining the number one spot for three consecutive weekends. According to the Nigerian Box Office data seen by […]

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Nigeria’s box office has recorded a major milestone in the first quarter of 2025, generating a total revenue of N3.48 billion from January 1 to March 31 .

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Ryan Coogler’s supernatural thriller Sinners continued its global box office dominance with an impressive N269.9 million haul in Nigerian cinemas, marking a 43% increase over the weekend of April 25–27.

Expert reveals “real reason” behind Dangote’s deployment of 4,000 CNG trucks

NDLEA destroys 30-hectare cannabis plantation in Cross River, arrests 191 suspects in six months

Afreximbank shareholders appoint Cameroonian George Elombi as next President in Abuja

NDLEA destroys 30-hectare cannabis plantation in Cross River, arrests 191 suspects in six months

Open banking: CBN cautions Nigerian banks, fintechs on cybersecurity risks

Open banking: CBN cautions Nigerian banks, fintechs on cybersecurity risks

Femi Otedola becomes the first Nigerian billionaire to commend the new tax reform laws

Nigeria’s public debt hits N149.39 trillion in Q1 2025 – DMO

Nigeria needs scalable infrastructure to compete in global AI race—Vertiv MD

The 10 most indebted states in Nigeria as of December 2024

Nigeria needs scalable infrastructure to compete in global AI race—Vertiv MD

Afreximbank’s financing to Nigeria’s economy exceeds $50 billion – Edun

Dangote is the pride of Nigeria’s Financial Market, says NGX Group Chairman

AAM2025: Afreximbank’s support for Dangote Refinery hits over $4 billion — Benedict Oramah

How to apply for CREDICORP’s N100,000 Inventory Loan for market women in Nigeria

Oil Down, Dollar Weak, Naira Up: Why Nigeria’s Markets Are Defying the Odds – Drinks & Mics Ft. Chika Mbonu

Cuba extends validity of physical tourist cards until December 2025 amid e-Visa rollout

Cuba extends validity of physical tourist cards until December 2025 amid e-Visa rollout

Prominent Nigerian Businessman Alhaji Aminu Dantata passes away at 94

Lagos Govt reopens Oko-Oba Abattoir after meeting environmental standards

AAM2025: Tinubu calls for PAPSS payment system embracement across Africa for financial integration

Lagos Govt reopens Oko-Oba Abattoir after meeting environmental standards

Zenith Bank leads trading value as All-Share Index drops 0.64%; JAPAULGOLD tops volume chart

Meta seeks $29 billion in private capital to fund AI infrastructure

Meta seeks $29 billion in private capital to fund AI infrastructure

Dangote targets fertilizer self-sufficiency in Africa within 40 months to boost agricultural productivity

President Tinubu to visit Saint Lucia, attend two-day BRICS Summit in Brazil

US adds E-verify alert on revoked work permits for immigrants

Australia to face shortage of 250,000 skilled workers in finance, tech, and business sectors by 2030

Vietnam to decentralize immigration, work permit processes for foreign professionals starting July 1

Africa’s progress stalled by leaders who don’t understand economics – Obasanjo

UN and Sterling One Foundation lead coalition Ahead of ASIS 2025

Buy Now, Pay Later market in Nigeria to hit $2.61 billion by 2030, driven by fintech expansion

Kaduna Govt, SMEDAN sign N1 billion deal to boost MSMEs

FG launches flood insurance policy to support individuals, businesses, and communities hit by floods

National Biosafety Agency to integrate AI, QR codes, blockchain in GMO regulation in Nigeria

Cybercrime accounts for more than 30% of all reported crimes in Western and Eastern Africa – INTERPOL

NITDA introduces Digital Competence Framework to tackle brain drain in Nigeria’s civil service

Buy Now, Pay Later market in Nigeria to hit $2.61 billion by 2030, driven by fintech expansion

NDLEA arrests 650 suspects, seizes over 6,600kg of illicit drugs in Nasarawa

NLC announces plans to shutdown Abuja over unpaid wages and allowances

CDCFIB shifts recruitment portal opening from June 26 to July 14

AI now handles up to 50% of work at Salesforce—CEO Marc Benioff

Nigeria’s $5 billion startup funding target shaky as economic realities set in

FG, EU, UNICEF unveil N21.7 billion sustainable social safety initiative in Nigeria

Qoray expands EV Charging Network with new station at Marriott Hotel Ikeja

Nigeria Immigration Service receives tech tools from Dutch Government to boost migration control

Multichoice Nigeria slashes DStv decoder price, offers subscription upgrades amid declining customers

NIMC to deploy Youth Corps members for NIN enrolment across Nigeria

MTN Nigeria backs FG’s 3MTT initiative with N3 billion grant

Customs seizes N352 million contraband in 2 months, hands over cannabis to NDLEA in Lagos

Customs intercepts N3.6 billion worth of donkey skin meant for illegal export in Owerri

Six Nigerian startups make Google’s 2025 Africa Accelerator program

Lagos launches digital house numbering to tackle tax evasion, others

U.S. House bans WhatsApp from official devices over data security concerns

Nigerian startup PaidHR secures $1.8 million seed funding to expand HR and payroll platform across Africa

Chowdeck acquires Mira to gain competitive edge in Nigeria’s food delivery race

Top fintech apps in Nigeria with over 10 million downloads as of May 2025

Why most young Nigerians struggle to save — and what Fintechs must fix

SBM report flags gaps in Bosun Tijani’s handling of Nigeria’s telecom sector

Actors Guild of Nigeria to launch mobile app to modernise Nollywood operations

Spotify cracks down on fake streams, warns artists globally

Netflix hikes subscription prices in Nigeria again, Premium plan now N8,500

Mission Impossible 8 hits N200 million within 2 weeks in Nigerian cinemas

‘Mission: Impossible – The Final Reckoning’ debuts N123 million in Nigerian box office

Hollywood’s ‘Sinners’ hits N710 million in Nigerian Box Office after 6 weeks

Lagos spent N8.5 billion on festivals, events in one year – Commissioner

Meet Dr. Busola Tejumola, appointed Head of General Entertainment at MultiChoice Group

‘Ori: The Rebirth’ surpasses N300 million at Nigerian Box Office in 4 weeks

Ayra Starr breaks record as first Nigerian female artist to hit 1 billion views on YouTube

Hollywood Thunderbolts hits N184.2 million in Nigerian box office

Ryan Coogler’s ‘Sinners’ grossed N600 million in Nigerian box office

Billionaire Bill Ackman exits Universal Music Board

Hollywood’s “Sinners’’ crosses N500 million ticket sales in Nigerian cinemas

Full list AMVCA 2025: Femi Adebayo’s Seven Doors wins Best Music Score, sweeps two other categories

Afreximbank unveils $1 billion Africa Film Fund to boost continent’s creative industry

Muyiwa Ademola’s ‘Ori: The Rebirth’ grosses N97.8 million in opening weekend

Ryan Coogler’s Sinners crosses N400 million in 3weeks at Nigerian box office

Nigerian box office revenue hits N3.48 billion in Q1 2025

Ryan Coogler’s ‘Sinners’ hits N269.9 million, dominates Nigerian Box Office in 9 days