The Chinese government has approved a ¥200 million grant for Nigeria to support development projects agreed upon by both countries. The grant, valued at about ₦40.32 billion based on the Central Bank of Nigeria’s exchange rate, was announced during a meeting between Chinese Ambassador to Nigeria, Yu Dunhai, and Dr. Dunoma Umar Ahmed, the Permanent Secretary of the Ministry of Foreign Affairs, on Thursday. The Chinese Embassy in Nigeria disclosed the development in a statement posted on its X account. Ambassador Yu said the grant would support Nigeria’s development and economic growth as both countries deepen their bilateral relationship. “China…
Author: Elvis Eromosele
…Tech Giant to Host the Big Tech and Enterprise Stage for the Second Time Interswitch, one of Africa’s leading integrated payments and digital commerce companies, will return for the third time as a Platinum Sponsor of Moonshot by TechCabal 2026, taking ownership of the Big Tech and Enterprise Stage for the second consecutive year and contributing to critical conversations on the courage, conviction and innovation required to build Africa’s next digital economy. The flagship technology conference, hosted by leading African technology publication TechCabal, will take place from October 28–29, 2026, at the National Theatre, Lagos, under the theme, “Courage &…
CIG Motors Group has donated 10 operational vehicles valued at more than N300 million to the Lagos State Security Trust Fund (LSSTF) to strengthen the mobility and operational capacity of security agencies across the state. The vehicles, comprising four Wuling N111s, three Wuling XC250s and three JMC Vigus pickup trucks, were formally handed over by Chief Diana Chen, CIG Motors Group Chairman, to Dr Ayodele Ogunsan, LSSTF Executive Secretary and CEO, at the company’s headquarters in Victoria Island, Lagos. Ogunsan said the vehicles would support rapid response, logistics, field deployment and emergency operations by security personnel across Lagos. He commended…
The Federal Government is targeting a 2.3 per cent contribution to Nigeria’s GDP and two million additional jobs from the creative sector by 2030, as part of efforts to diversify the economy. Hannatu Musa Musawa, Minister of Art, Culture, Tourism and Creative Economy, disclosed this when a delegation from the National Institute for Policy and Strategic Studies (NIPSS), led by its Director-General, Prof. Ayo Omotayo, visited her. The delegation also included Lai Mohammed, former Minister of Information and Culture. The visit focused on NIPSS’ plans to organise a National Summit and Exhibition on the Orange Economy and seek the ministry’s…
The Federal Government has unveiled a new National Agricultural Mechanisation Policy and Investment Strategy aimed at modernising Nigeria’s agriculture, attracting private investment and boosting farm productivity. Minister of Agriculture and Food Security, Senator Abubakar Kyari, unveiled the two policy documents on Wednesday in Abuja at a High-Level National Policy Dialogue on Agricultural Mechanisation. The dialogue was themed, “Anchoring National Food Sovereignty through Sustainable Agricultural Mechanisation Policy, Innovation and Strategic Investment.” Kyari said the new framework would move agricultural mechanisation away from a government procurement model towards a sustainable, investment-driven system that can attract capital, technology and entrepreneurship. He said the…
MTN Nigeria generated a record ₦2.97 trillion in service revenue in the first half of 2026, but the huge figure tells only part of the story. Behind the revenue is the enormous cost of building and maintaining the infrastructure needed to keep millions of Nigerians connected. Speaking at MTN Nigeria’s H1 2026 mid-year results presentation, themed “Beyond the Numbers: What the Results Tell Us About Nigeria’s Digital Future,” Modupe Kadri, the company’s Chief Financial Officer, said the telecom business requires continuous investment. “The numbers, impressive as they are, only tell part of the story,” Kadri said, stressing that the company’s scale comes…
The Nigerian Communications Commission (NCC) has called on road construction companies, contractors, engineers and other stakeholders to strengthen coordination and adopt preventive measures to protect fibre-optic cables during road construction, rehabilitation and other civil works across the country. Dr. Aminu Maida, Executive Vice Chairman and Chief Executive Officer of the NCC, made the call today, August 11, 2026, at a stakeholders’ workshop on the protection of fibre-optic cables held at the National Counter- Terrorism Centre (NCTC), Office of the National Security Adviser in Abuja stressing that the nation’s drive to expand physical infrastructure must not undermine the digital infrastructure connecting…
SpaceX shares rose more than 6 per cent on Thursday after up to 911.5 million previously locked-up shares became eligible for trading, more than doubling the number of shares available to the public since the company’s June initial public offering. The share unlock came a day after SpaceX suffered its second-worst trading session, with the stock plunging nearly 14 per cent to close at $108.27, its lowest level since listing. The latest rebound suggests some investors may be using the sharp decline to buy the dip, even as the influx of newly tradable shares creates the potential for increased selling…
Scientists have mapped the narrow path of totality for the total solar eclipse set to sweep across parts of Greenland, Iceland, northern Spain and northeastern Portugal on Wednesday, August 12. The celestial event will occur when the Moon passes directly between the Sun and Earth, blocking the Sun’s light and casting its darkest shadow, known as the umbra, across parts of the planet. The path of totality will stretch about 5,157 miles (8,300 kilometres), beginning over the Arctic coastline at around 1 p.m. ET and ending near the Balearic Islands at about 2:30 p.m. ET. Observers within the path will…