The Federal Government has announced plans to launch a Nigeria Deal Room, a strategic platform designed to transform investment opportunities into bankable projects and accelerate the flow of private capital into key sectors of the economy. Mr. Taiwo Oyedele, Minister of Finance and Coordinating Minister of the Economy, unveiled the initiative on Monday at the opening of the Invest Lagos 3.0 Summit, describing it as a critical tool for bridging the gap between investment discussions and actual project execution. According to Oyedele, the Nigeria Deal Room will identify investment-ready projects, facilitate regulatory approvals, remove bureaucratic bottlenecks and connect investors directly…
Author: Elvis Eromosele
The Board of the Nigerian Communications Commission (NCC) has appointed Princess Oforitsenere Emiko as Interim Chairman of the governing board of the Digital Bridge Institute (DBI), a move that anchors the Commission’s plan to reposition the Institute for the next era of Nigeria’s communications sector and digital economy. She will be joined on the board by Engr. Abraham Oshadami, Executive Commissioner, Technical Services, and Ms. Rimini Makama, Executive Commissioner, Stakeholder Management, who join as interim Board members. The interim leadership will work alongside the President/CEO, Mr. David Daser, and the remaining board members whose tenures are unexpired, to drive the…
…Hosts 185 students on industry excursion tour The Nigerian Communications Commission (NCC) has commended Dr. Bosun Tijani, Hon. Minister of Communications, Innovation and Digital Economy, for championing initiatives aimed at empowering the younger generation with digital knowledge and skills, especially the Nigerian girls. Speaking while conducting 185 contestants of the 2026 National Girls in ICT (NG-ICT) Competition on a tour of the National Communication Museum domiciled at the Commission in Abuja on Thursday, Dr. Aminu Maida, Executive Vice Chairman (EVC) of the NCC, said the initiative also aligns with the Commission’s digital literacy advocacy. The contestants were selected by the…
MTN Nigeria has unveiled practical measures to help subscribers better manage their data usage while reaffirming its commitment to transparency and improved service delivery. The telecom operator made the disclosures during a public engagement session tagged “Data on Trial” held at its Ikoyi headquarters in Lagos. The event brought together customers, content creators, influencers, legal practitioners, regulators, media professionals and industry stakeholders to discuss persistent concerns around data consumption and billing. Speaking at the event, Karl Toriola, MTN Nigeria Chief Executive Officer, assured subscribers that the company remains committed to delivering value and maintaining the trust of Nigerians. He noted…
The Organisation of the Petroleum Exporting Countries and its allies (OPEC+) has approved an increase in oil production quotas by 188,000 barrels per day (bpd) for July, marking the fourth consecutive monthly output increase as the alliance continues to unwind voluntary production cuts introduced in 2023. The decision was reached during a virtual ministerial meeting of the group, led by seven key producers, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman. The latest adjustment forms part of OPEC+’s gradual rollback of the 1.65 million bpd voluntary production cuts implemented to support global oil prices. Following the July increase, the…
The Centre for the Promotion of Private Enterprise (CPPE) has called on the House of Representatives to reject the proposed Sugar-Sweetened Beverage (SSB) Tax Bill recently passed by the Senate, describing the measure as ill-timed, anti-growth, and inconsistent with the Federal Government’s commitment to reducing the tax burden on businesses. In a statement issued on Sunday by Dr. Muda Yusuf, its Chief Executive Officer, the private sector advocacy group warned that imposing additional taxes on non-alcoholic beverage manufacturers could further strain an already challenging business environment and undermine efforts to stimulate economic growth. According to the CPPE, the proposed legislation…
OpenAI is preparing the most significant redesign of ChatGPT since the chatbot debuted in 2022, as the artificial intelligence company seeks to transform the platform into a multifunctional “superapp” ahead of a planned initial public offering (IPO). According to a report by the Financial Times, the overhaul will integrate coding tools, AI agents, and third-party applications into a single ecosystem, marking a major shift from ChatGPT’s origins as a conversational chatbot to a platform capable of performing a broad range of personal and professional tasks. The redesign, expected to begin rolling out in the coming weeks, comes as OpenAI seeks…
…Operator launches “Data on Trial” initiative, inviting subscribers to scrutinise data usage and billing processes in a bid to rebuild trust. MTN Nigeria has opened its data billing and network operations to public scrutiny as part of a new initiative aimed at addressing persistent consumer complaints over rapid data depletion and strengthening customer confidence. The telecom operator announced the initiative, tagged “Data on Trial,” during a press conference in Lagos, saying it would give subscribers and stakeholders an opportunity to independently examine how data is consumed and billed on its network. The programme is designed to allow customers to engage…
…Acely brand to spearhead local electric vehicle production as company targets 70,000-unit annual capacity and nationwide charging network. Hybrid Motors Nigeria has secured approximately $95 million in investment commitments to establish electric vehicle (EV) manufacturing plants and a nationwide charging infrastructure network, marking one of the most ambitious private-sector clean mobility projects in Nigeria to date. The investment follows the signing of two strategic partnerships in China. The first is with automotive engineering company Launch Design Shanghai to develop EV manufacturing facilities in Lagos and Abuja, while the second is with a Chinese charging technology firm to deploy large-scale EV…
Nestlé Nigeria has launched a multi-stakeholder coalition to drive sustained environmental action in commemoration of 2026 World Environment Day. Building on six years of nationwide awareness and cleanup initiatives, the coalition represents a coordinated and systems-led approach that brings together government, regulators, industry, recyclers and development partners to advance circular economy outcomes. The programme will be delivered across 12 locations nationwide through community sensitisation and clean-up activities. Focused on advancing more sustainable and resilient communities, the initiative aims to reduce waste leakage, strengthen collection systems and scale circular solutions through collective action. The programme will support environmental awareness, strengthen waste recovery…