Nigeria’s National Assembly has approved a ₦68.3 trillion budget for the 2026 fiscal year, significantly increasing the ₦58.47 trillion proposal earlier submitted by President Bola Ahmed Tinubu. The budget, passed for third reading on Tuesday by both the Senate and the House of Representatives, reflects an upward adjustment of about ₦9 trillion following legislative review and input from the executive. The approval came after both chambers adopted harmonised reports from their respective Committees on Appropriations. Presenting the report in the Senate, Olamilekan Adeola, Appropriations Committee Chairman, said the increase was driven largely by previously unfunded obligations and newly prioritised projects.…
Author: Elvis Eromosele
Dara Sobaloju, emerging Nigerian technologist, has officially launched PewBeam, an innovative AI-powered application designed to display Bible verses in real time during sermons, marking a bold step in bringing churches into the artificial intelligence era. The idea began as a simple post on X on August 21, 2025. Sobaloju shared his vision of building a “Bible presentation AI agent” that could automatically display scripture as pastors preach, even when verses are paraphrased or loosely referenced. Six months later, that vision has become reality. Announcing the launch, he wrote: “PewBeam is live.” Now available as a desktop application for Windows and…
The Nigerian Communications Commission (NCC) has directed Mobile Network Operators (MNOs) to provide compensation to subscribers whose network quality of service experience is below specified targets within specific locations. The Commission’s position is that subscribers should not be made to bear the full burden of service disruptions where operators fail to meet prescribed standards of service delivery. Under this directive, erring operators will compensate affected users directly for breaches of Quality of Service (QoS) Key Performance Indicators (KPIs). Mobile Network Operators (MNOs) shall be required to pay these compensations for instances of poor quality of service recorded within specified time…
Enviable Transport has announced plans to scale up the deployment of Compressed Natural Gas (CNG)-powered tricycles nationwide, in a move aimed at reducing transport costs and promoting cleaner energy alternatives. In a statement signed by Chukwuemeka Ituma, the Group Managing Director, the company said the initiative is designed to lower fuel expenses, reduce carbon emissions, and improve operational efficiency for drivers and fleet operators. He noted that the push for CNG adoption aligns with global efforts to transition to environmentally sustainable energy sources, especially amid rising petrol and diesel costs. “Drivers and fleet operators stand to benefit significantly from this…
Nigeria’s financial system has received a major global endorsement as the Central Bank of Nigeria (CBN) was named Central Bank of the Year 2026 in London, underscoring growing confidence in the country’s economic reforms. The award, announced at the 13th annual Central Banking Awards, comes at a critical time as Nigeria works to stabilise its economy following years of policy uncertainty, inflationary pressures, and currency volatility. Analysts say the recognition reflects the impact of reforms introduced under the leadership of Olayemi Cardoso, CBN Governor, which are beginning to restore investor confidence and strengthen financial institutions. According to the organisers, the…
The 2026 mock Unified Tertiary Matriculation Examination (UTME) conducted by the Joint Admissions and Matriculation Board has triggered widespread backlash, with candidates and parents lamenting technical failures, delays, and poor coordination across centres nationwide. The mock exam, held on Saturday, March 28, involved 227,896 candidates, but reports indicate that many were unable to complete, or even begin, the test due to persistent system errors and network disruptions. Across several states, candidates experienced hours-long delays. In parts of Nasarawa State, candidates scheduled for an 8:00 a.m. session were still waiting as late as 11:28 a.m., leaving many stranded alongside anxious parents.…
Nigeria is witnessing a sharp rise in egg prices, with a crate now selling for as much as ₦8,500 in some retail outlets, driven by a nationwide shortage of day-old chicks (DOCs) that has disrupted poultry production. Findings show that farm gate prices have climbed to about ₦5,500 per crate, up from ₦5,000 in January 2026. At the retail level, eggs now sell between ₦6,000 and ₦6,500 depending on size, while supermarkets and large grocery stores charge between ₦7,000 and ₦8,500, reflecting rising logistics and operating costs. Industry stakeholders identify the shortage of DOCs, a key input in egg production,…
The Confederation of African Football (CAF) has appointed Nigeria’s Samson Adamu as Acting Secretary-General, marking the first time a Nigerian has occupied the influential role in the organisation’s more than 70-year history. The appointment was ratified on Sunday at CAF’s Congress in Cairo, following his nomination by the CAF Executive Committee, according to the Nigeria Football Federation. Adamu takes over from Veron Mosengo-Omba of the Democratic Republic of Congo, who stepped down to contest the presidential election of his country’s football federation (FECOFA). Before his elevation, Adamu served as CAF’s Director of Tournaments and Events, where he played a key…
The Bank of Industry (BoI), in collaboration with UNIDO and other stakeholders, has mobilised about ₦825 million to support investments in renewable energy, energy efficiency, recycling, and cleaner production across Nigeria. The funding was created through a First Loss Loan Guarantee Facility designed to de-risk green investments and encourage financing for environmentally sustainable projects. Dr. Olasupo Olusi, Managing Director of BoI, represented by Executive Director, Risk and IT, Ifeoma Uzuokpala, disclosed this in Abuja at the closing ceremony of the Resource Efficient and Cleaner Production (RECP) and Industrial Energy Efficiency Programme. He revealed that 23 enterprises across key sectors, including…