The National Bambara Nut Producers, Processors, and Marketers Association of Nigeria (NBPMPMAN) is setting ambitious goals for the next two years, with plans to achieve 10 million metric tonnes of Bambara nut production. This goal highlights the importance of Bambara nuts as a vital commodity in Nigeria's agricultural sector, not only for their economic potential …
In a bid to ease growing concerns among Nigerians, the federal government has announced a delay in the implementation of the new tax law, including the controversial 5% fuel surcharge, until January 1, 2026. Finance Minister Wale Edun made this revelation on Tuesday, attempting to quell fears of an even greater strain on household budgets …
The National Union of Petroleum and Natural Gas Workers (NUPENG) has vowed to press ahead with its nationwide strike following the breakdown of a conciliation meeting convened by the Minister of Labour and Employment, Muhammad Dingyadi, to resolve the dispute between the union and the Dangote refinery. The meeting, which was held on Monday, ended …
In a bold move aimed at reforming Nigeria's mining sector, the Nigerian Mining Cadastre Office (MCO) has revoked over 4,700 mining licences that were hoarded by speculators and inactive holders. This action, taken in the past year, seeks to create a transparent, competitive, and investor-friendly environment that can attract serious players and boost Nigeria’s position …
The United States government has announced a generous contribution of ₦49.8 billion ($32.5 million) to the World Food Programme (WFP) Nigeria, aimed at addressing the growing food insecurity crisis affecting millions of Nigerians, particularly those in conflict-affected regions. The donation is expected to play a critical role in providing vital food and nutrition assistance to …
Advancements in robotic surgery are paving the way for safer, faster, and more precise medical procedures. AI-assisted robotic surgery is transforming healthcare by reducing complications, speeding up recovery times, and increasing precision in procedures ranging from organ transplants to cancer treatments. Recent findings from a systematic review have shown that AI-assisted surgeries improve surgical accuracy, …
The Shenzhen-Hong Kong-Guangzhou innovation cluster has been recognised as the leading global innovation hub in the 2025 World Intellectual Property Organisation (WIPO) Innovation Index, surpassing Tokyo. This region's dominance is underscored by its robust technology sector, which spans industries such as electronics, artificial intelligence (AI), and biotech. The Shenzhen-Hong Kong-Guangzhou cluster represents a model for …
The Central Bank of Nigeria (CBN) has recently implemented several key reforms that are significantly impacting the country’s economy. Among the most notable changes, monthly diaspora remittances have surged to $600 million, marking a 200% increase from previous months. This boost in remittances is attributed to reforms such as the Non-Resident Bank Verification Number initiative …
Strategy, the tech-focused investment firm, has made a bold move in the cryptocurrency market, acquiring $450 million worth of Bitcoin (BTC). This purchase comes as part of an ongoing strategy to increase the firm’s exposure to Bitcoin and bolster its financial portfolio. With the purchase, Strategy’s total Bitcoin holdings have now reached record highs, positioning …
In an unprecedented move, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly declared that registered firms in the United States are permitted to trade spot cryptocurrencies, signalling a regulatory breakthrough in the crypto industry. This announcement marks a new chapter in the U.S. government's approach to regulating …
